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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."
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
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
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
Banking & Financial Services
Manufacturing
Technology
Retail
Energy
Healthcare
Transportation & Logistics
Real Estate
Telecommunications
Industrial Goods
Consumer Products
Professional Services
Treasury
Finance
Legal
Compliance
Risk Management
Corporate Banking
Financial Control
Finance Operations
Corporate Finance
Regulatory Affairs
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
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