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1. Parties: Identification of all parties to the termination agreement, including the secured party and the security provider
2. Background: Recitals detailing the original security agreement, its date, and key terms, and the circumstances leading to termination
3. Definitions: Definitions of key terms used in the agreement, including reference to defined terms in the original security agreement
4. Termination: Express provision terminating the security agreement and specifying the effective date of termination
5. Release of Security Interest: Provisions confirming the release of all security interests created under the original agreement
6. De-registration: Obligations regarding the de-registration of security interests from relevant registries
7. Representations and Warranties: Confirmations from parties regarding authority to terminate and absence of third-party claims
8. Return of Documents: Provisions for the return of original security documents and certificates
9. Governing Law: Confirmation that Indonesian law governs the termination agreement
10. Execution: Formal execution requirements including signature blocks
1. Surviving Provisions: Used when certain provisions of the original agreement need to survive termination
2. Release and Discharge: Include when mutual releases from past claims or obligations are required
3. Costs and Expenses: Include when there are specific arrangements for bearing termination-related costs
4. Further Assurance: Used when additional actions may be needed post-termination
5. Notices: Include if post-termination communications are anticipated
6. Partial Termination: Used when only specific parts of the security agreement are being terminated
1. Details of Original Security Agreement: Schedule listing full details of the security agreement being terminated
2. Security Assets: List of all security assets being released
3. Form of Release Notices: Template notices required for various registries or authorities
4. Powers of Attorney: If required for de-registration procedures
5. Required Regulatory Filings: List of all necessary filings and registrations for effective termination
Banking
Financial Services
Real Estate
Infrastructure
Manufacturing
Mining
Agriculture
Commercial Property
Retail
Energy
Telecommunications
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Secretarial
Credit Administration
Security Administration
Corporate Finance
Banking Operations
Legal Counsel
Corporate Secretary
Finance Director
Chief Financial Officer
Risk Manager
Compliance Officer
Banking Relationship Manager
Security Trustee
Credit Manager
Treasury Manager
Legal Manager
Corporate Finance Manager
Loan Officer
Security Administrator
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