The Deposit Control Agreement is a crucial document used in various financial and commercial transactions where funds need to be held securely by a third-party bank under specific release conditions. This agreement type is commonly utilized in Denmark for corporate transactions, real estate deals, and other commercial arrangements requiring secure fund management. The document is structured to comply with Danish banking regulations, financial services legislation, and contractual requirements, providing a robust framework for managing deposit arrangements. It typically includes detailed provisions for account establishment, control mechanisms, release conditions, and the respective rights and obligations of the deposit bank, depositor, and beneficiary. The agreement is particularly important in transactions where parties need assurance that funds will be properly managed and released only upon satisfaction of predetermined conditions.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Deposit Control Agreement
I need a Deposit Control Agreement under Danish law for a real estate development project where our company (Nordic Builders A/S) will deposit EUR 5 million with Danske Bank, to be released to the contractor (Copenhagen Construction Ltd) in three installments during 2025 based on construction milestones.
1. Parties: Identification of all parties: Depositor, Beneficiary, and Deposit Bank
2. Background: Context of the agreement, including reference to any underlying transaction necessitating the deposit arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment of Deposit Bank: Terms of appointment and acceptance of the deposit bank's role
5. Deposit Account: Details of the deposit account, including account setup and maintenance requirements
6. Deposit Amount: Specification of the deposit amount and any requirements for maintaining minimum balances
7. Control Mechanisms: Procedures for controlling and managing the deposit account
8. Release Conditions: Specific conditions that must be met for the release of funds
9. Release Process: Detailed procedures for releasing funds when conditions are met
10. Bank's Rights and Obligations: Specific duties, responsibilities, and rights of the deposit bank
11. Fees and Expenses: Details of all fees, charges, and expense allocation
12. Representations and Warranties: Standard representations and warranties from all parties
13. Liability and Indemnification: Limitations of liability and indemnification provisions
14. Term and Termination: Duration of the agreement and termination provisions
15. Notices: Communication procedures and contact details
16. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction details
17. General Provisions: Standard boilerplate provisions including amendments, assignments, and severability
1. Interest Provisions: Terms regarding interest earned on deposits, used when interest accumulation is permitted
2. Multiple Beneficiaries: Additional provisions for cases involving multiple beneficiaries
3. Foreign Currency Provisions: Special provisions for deposits in foreign currencies
4. Tax Provisions: Specific tax-related provisions when tax implications need to be addressed
5. Electronic Communications: Specific provisions for electronic communications and online banking access
6. Force Majeure: Provisions for extraordinary circumstances affecting the deposit arrangement
7. Anti-Money Laundering Compliance: Detailed AML compliance requirements when enhanced compliance is needed
1. Schedule 1 - Account Details: Specific details of the deposit account including account number and branch information
2. Schedule 2 - Authorized Signatories: List of authorized signatories for each party with specimen signatures
3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and charges
4. Schedule 4 - Release Request Form: Standard form for requesting release of funds
5. Schedule 5 - Notice Details: Detailed contact information for all parties
6. Appendix A - Release Conditions Documentation: Forms and requirements for documenting satisfaction of release conditions
7. Appendix B - KYC Requirements: List of required know-your-customer documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Real Estate
Corporate Finance
Investment Banking
Legal Services
Construction
Mergers & Acquisitions
Private Equity
Commercial Property
Infrastructure
Relevant Teams
Legal
Finance
Treasury
Compliance
Corporate Finance
Transaction Management
Risk Management
Banking Operations
Deal Advisory
Project Finance
Relevant Roles
Legal Counsel
Corporate Lawyer
Finance Manager
Treasury Manager
Transaction Manager
Compliance Officer
Banking Relationship Manager
Account Manager
Financial Controller
Project Finance Manager
Real Estate Manager
Investment Manager
Chief Financial Officer
Risk Manager
Corporate Finance Director
Find the exact document you need
Security Interest Contract
A Danish law-governed agreement creating a security interest over specified assets, detailing the collateral, secured obligations, and enforcement rights under Danish law.
find out more
Security Deposit Agreement
A Danish law-governed agreement establishing terms for managing and returning a security deposit, ensuring compliance with local deposit protection regulations.
find out more
Pledge Agreement
A Danish law security document creating a pledge over specified assets, detailing terms and enforcement rights in accordance with Danish legal requirements.
find out more
Security Interest Agreement
A Danish law-governed agreement establishing security interests over assets, detailing creation, perfection, and enforcement rights in compliance with Danish property law.
find out more
Collateral Account Control Agreement
A Danish law agreement establishing control over bank accounts as collateral, between an account bank, account holder, and secured party.
find out more
Shareholder Agreement Transfer Of Shares
A Danish law-governed agreement documenting the transfer of company shares between shareholders, outlining terms, conditions, and regulatory compliance requirements.
find out more
Title Transfer Collateral Agreement
Danish law-governed agreement for transferring ownership of financial collateral between parties, compliant with Danish and EU financial regulations.
find out more
Commercial Security Agreement
A Danish law-governed agreement establishing security interests over commercial assets to secure business obligations.
find out more
Stock Lending Agreement
Danish law-governed Stock Lending Agreement establishing the framework for securities lending transactions between institutional parties, compliant with Danish and EU regulations.
find out more
Convertible Note Agreement
A Danish law-governed agreement documenting terms of a debt investment that can convert to equity shares, combining debt financing with future equity participation rights.
find out more
Security Loan Agreement
A Danish law-governed agreement establishing terms for temporary transfer of securities against collateral, incorporating local financial regulations and EU directives.
find out more
Master Repurchase Agreement
Danish law-governed framework agreement for repurchase transactions between financial institutions, establishing terms for securities sale and repurchase arrangements.
find out more
Intercreditor Agreement
A Danish law-governed agreement establishing priorities and relationships between different classes of creditors in a financing transaction, including debt ranking, payment priorities, and enforcement rights.
find out more
Intellectual Property Security Agreement
A Danish law agreement creating security interests over intellectual property assets as collateral for financial obligations.
find out more
Pledge Of Shares Agreement
A Danish law security document creating a pledge over shares as collateral, setting out terms for share security, voting rights, and enforcement.
find out more
Overnight Reverse Repurchase Agreement
Danish law-governed agreement for overnight reverse repurchase transactions, establishing terms for securities purchase and repurchase between financial counterparties.
find out more
Loan Collateral Agreement
A Danish law agreement establishing security interests over assets to secure loan obligations, compliant with Danish secured transactions law and registration requirements.
find out more
Account Pledge Agreement
A Danish law security document creating a pledge over bank accounts and their contents in favor of a lender or security agent.
find out more
Reverse Repurchase Agreement
Danish law-governed agreement for securities purchase with repurchase commitment, structured under Danish financial regulations and market practices.
find out more
Negative Pledge Agreement
A Danish law-governed agreement preventing a borrower from creating security interests over its assets in favor of other creditors, protecting the lender's position without taking actual security.
find out more
Security Lending Agreement
Danish law-governed agreement establishing terms for securities lending transactions, including collateral requirements and regulatory compliance.
find out more
Cash Collateral Agreement
Danish law-governed agreement establishing terms for cash collateral arrangements in financial transactions, compliant with Danish financial regulations and EU directives.
find out more
Deposit Control Agreement
A Danish law-governed agreement establishing control mechanisms for deposits held by a bank on behalf of a depositor and beneficiary.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.