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Inter Corporate Deposit Agreement Template for Austria

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Key Requirements PROMPT example:

Inter Corporate Deposit Agreement

"I need an Inter Corporate Deposit Agreement under Austrian law for a 鈧5 million deposit between our manufacturing subsidiary and parent company, with a 12-month term starting March 1, 2025, including early withdrawal provisions and quarterly interest payments."

Document background
The Inter Corporate Deposit Agreement is utilized when one corporation wishes to deposit excess funds with another corporation, typically for treasury management and efficient use of corporate group resources. This document is specifically structured to comply with Austrian legal requirements, including the Austrian Banking Act (BWG) and Civil Code (ABGB). It details the deposit mechanism, interest calculations, regulatory compliance requirements, and risk mitigation measures. The agreement is particularly relevant for corporate groups managing their liquidity positions, companies with excess cash seeking better returns than standard bank deposits, and organizations looking to optimize their treasury operations while maintaining compliance with Austrian financial regulations. The document includes necessary provisions for deposit protection, interest rate determination, payment mechanics, and early termination rights.
Suggested Sections

1. Parties: Identification of the depositor and deposit-taking corporation, including registration details

2. Background: Context of the agreement and relationship between the parties

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Deposit Terms: Core terms including deposit amount, currency, and duration

5. Interest: Interest rate, calculation method, and payment terms

6. Payment Mechanics: Details of how and when payments will be made, including account details

7. Representations and Warranties: Standard corporate representations and specific financial capacity warranties

8. Depositor's Obligations: Obligations including minimum deposit maintenance and notice requirements

9. Deposit-taker's Obligations: Obligations including safekeeping, reporting, and regulatory compliance

10. Events of Default: Circumstances constituting default and consequences

11. Termination: Termination rights and procedures

12. Notices: Communication procedures and contact details

13. Confidentiality: Confidentiality obligations and permitted disclosures

14. Governing Law and Jurisdiction: Confirmation of Austrian law and jurisdiction details

15. Execution: Signature blocks and execution formalities

Optional Sections

1. Security: Required if any security is being provided for the deposit

2. Tax Provisions: Detailed tax clauses if specific tax arrangements are needed

3. Regulatory Compliance: Specific regulatory requirements if either party is subject to special regulations

4. Assignment and Transfer: If transfer of deposit rights is to be permitted

5. Force Majeure: If specific force majeure provisions are required beyond standard law

6. Break Costs: If early withdrawal penalties or break costs apply

7. Multiple Currencies: If deposits can be made in multiple currencies

8. Electronic Banking Provisions: If specific electronic banking arrangements are to be used

Suggested Schedules

1. Schedule 1 - Deposit Confirmation Form: Standard form for confirming individual deposits under the agreement

2. Schedule 2 - Interest Calculation Methodology: Detailed explanation of interest calculations and conventions

3. Schedule 3 - Account Details: Banking details for both parties

4. Schedule 4 - Notice Requirements: Forms and timeframes for various notices under the agreement

5. Schedule 5 - Authorized Signatories: List of persons authorized to act under the agreement

6. Appendix A - Compliance Documentation: Required regulatory and KYC documentation

7. Appendix B - Tax Forms: Relevant tax declarations and forms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































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Relevant Industries

Banking & Financial Services

Manufacturing

Technology

Retail

Energy

Healthcare

Transportation & Logistics

Real Estate

Telecommunications

Industrial Goods

Consumer Products

Professional Services

Relevant Teams

Treasury

Finance

Legal

Compliance

Risk Management

Corporate Banking

Financial Control

Finance Operations

Corporate Finance

Regulatory Affairs

Relevant Roles

Treasury Manager

Chief Financial Officer

Financial Controller

Corporate Finance Manager

Legal Counsel

Compliance Officer

Finance Director

Treasury Operations Manager

Risk Manager

Banking Relationship Manager

Corporate Treasurer

Finance Operations Manager

Senior Account Manager

Financial Analyst

Corporate Banking Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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