Document background
The Secured Loan Agreement is a fundamental financing document used in Danish commercial lending transactions where a lender provides funding against specific collateral or security. This document is essential when businesses or individuals seek financing while offering assets as security, ensuring the lender has a priority claim over specific assets in case of default. The agreement must comply with Danish legal requirements, particularly the Danish Contracts Act (Aftaleloven), the Danish Registration Act (Tinglysningsloven), and relevant financial regulations. The Secured Loan Agreement typically includes detailed provisions about the security package, its creation and perfection, borrower covenants, representations and warranties, and enforcement mechanisms, all structured within the Danish legal framework. It's commonly used in various financing scenarios, from real estate financing to business expansion and asset acquisition.
