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A Pledge Note is a crucial security document in Indonesian business and financial transactions. It is commonly used when a party (pledgor) needs to provide security over movable assets or rights to another party (pledgee) as collateral for loans, financial obligations, or other commitments. The document must comply with Indonesian Civil Code requirements and often requires notarization for enforceability. The Pledge Note specifically details the pledged assets, their value, the secured obligations, enforcement mechanisms, and the parties' respective rights and obligations. It's particularly relevant in banking transactions, corporate financing, and business arrangements where tangible assets or rights serve as security. The document's format and content are influenced by Indonesian security interest laws, banking regulations, and commercial practices.

1. Date and Place of Execution: Specifies when and where the pledge note is executed

2. Parties: Identifies the pledgor (party providing the pledge) and pledgee (party receiving the pledge)

3. Background: States the context of the pledge, including reference to any underlying obligations or agreements

4. Definitions: Defines key terms used throughout the pledge note

5. Pledge Details: Describes the assets being pledged, including specific identification and valuation

6. Secured Obligations: Specifies the obligations being secured by the pledge

7. Representations and Warranties: Pledgor's confirmations regarding ownership, authority, and condition of pledged assets

8. Rights and Obligations: Details the rights and obligations of both parties regarding the pledged assets

9. Default and Enforcement: Specifies events of default and enforcement mechanisms

10. Governing Law: Confirms Indonesian law as governing law

11. Execution: Formal execution block including notary attestation