��������Ƶ

The Security Agreement Form is a critical document used in Indonesian financing transactions to create legally enforceable security interests over assets. It is essential when a creditor requires collateral to secure a loan or other financial obligations. The document must comply with Indonesian law requirements, particularly Law No. 42 of 1999 on Fiduciary Security, Law No. 4 of 1996 on Mortgage Rights, and related regulations. The agreement specifies the collateral, includes mandatory provisions for enforceability, and requires registration with appropriate authorities. This Security Agreement Form is commonly used in various contexts, from corporate lending to asset finance, and must be executed in accordance with Indonesian legal formalities to ensure valid creation and perfection of the security interest.

1. Parties: Identification of the Secured Party (creditor) and the Grantor (debtor), including their full legal names, addresses, and registration details

2. Background: Context of the security arrangement, reference to underlying credit agreement or facility, and purpose of the security

3. Definitions and Interpretation: Key terms used in the agreement, including defined terms from Indonesian law and regulations

4. Grant of Security Interest: Core provision creating the security interest, specification of the type of security under Indonesian law

5. Secured Obligations: Description of the obligations being secured, including principal debt, interest, and other secured amounts

6. Representations and Warranties: Grantor's confirmations regarding ownership, authority, and status of collateral

7. Perfection Requirements: Requirements for registration and other steps needed to perfect the security interest under Indonesian law

8. Maintenance of Collateral: Grantor's obligations regarding preservation and maintenance of the collateral

9. Events of Default: Circumstances constituting default and triggering enforcement rights

10. Enforcement Rights: Secured Party's rights and remedies upon default, compliant with Indonesian enforcement procedures

11. Powers of Attorney: Irrevocable powers granted to the Secured Party for security perfection and enforcement

12. Governing Law and Jurisdiction: Confirmation of Indonesian law governance and jurisdiction of Indonesian courts