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Collateral Control Agreement
"Need a Collateral Control Agreement for a syndicated trade finance facility closing on March 15, 2025, where the collateral agent will manage warehouse receipts for commodity storage in Singapore, with three secured lenders requiring weekly reporting."
1. Parties: Identifies all parties to the agreement: typically the Collateral Provider, Collateral Agent/Manager, and Secured Party
2. Background/Recitals: Explains the context and purpose of the agreement, including reference to the underlying facility agreement
3. Definitions: Defines key terms used throughout the agreement
4. Appointment of Collateral Manager: Terms of appointment and scope of authority
5. Control and Custody of Collateral: Provisions regarding possession, control, and maintenance of collateral
6. Rights and Obligations: Detailed responsibilities of each party
7. Instructions and Communications: Procedures for giving and receiving instructions regarding collateral
8. Fees and Expenses: Payment terms for collateral management services
9. Term and Termination: Duration and termination provisions
1. Insurance: Required when collateral includes physical assets requiring insurance
2. Cross-Border Provisions: Specific provisions for international arrangements
3. Electronic Systems: Provisions regarding electronic monitoring and reporting systems
1. Description of Collateral: Detailed listing and description of all collateral covered
2. Fee Schedule: Detailed breakdown of fees and charges
3. Operating Procedures: Specific procedures for handling and managing collateral
4. Form of Notices: Standard forms for various notices under the agreement
5. Authorized Signatories: List of persons authorized to give instructions
6. Reporting Requirements: Templates and schedules for required reports
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