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Debt Trust Deed Template for Ireland

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Key Requirements PROMPT example:

Debt Trust Deed

"I need a Debt Trust Deed under Irish law for a €500 million green bond issuance for a renewable energy project, with quarterly interest payments and maturity in March 2025, including specific provisions for environmental impact reporting and green bond covenants."

Document background
The Debt Trust Deed is a fundamental document in debt capital markets transactions under Irish law, used when issuing secured or unsecured bonds or notes. It establishes the trust structure through which bondholders' interests are protected and managed collectively, rather than requiring individual bondholder action. The document is essential for medium to large-scale debt issuances, particularly in corporate financing, project financing, and structured finance transactions. The Debt Trust Deed contains crucial provisions regarding security (if applicable), enforcement rights, trustee duties and powers, issuer covenants, and bondholder meetings. It must comply with Irish trust law, securities regulations, and financial services requirements, while also addressing practical commercial needs of the transaction.
Suggested Sections

1. Parties: Identifies and defines the Issuer, Trustee, and any other relevant parties to the deed

2. Background: Sets out the context and purpose of the trust deed, including reference to any related securities or debt instruments

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the deed and interpretation rules

4. Constitution of the Trust: Establishes the trust, its purpose, and the declaration of trust by the trustee

5. Issue of Notes/Bonds: Terms and conditions governing the issuance of debt securities

6. Trust of Moneys: Provisions regarding the holding and application of money received by the trustee

7. Trustee Powers and Duties: Detailed powers and responsibilities of the trustee

8. Issuer Covenants: Obligations and undertakings of the issuer

9. Security Provisions: Creation and maintenance of security interests

10. Enforcement: Circumstances and procedures for enforcement of security

11. Trustee Remuneration and Indemnity: Provisions for trustee compensation and protection

12. Modifications and Substitution: Procedures for amending the deed or substituting parties

13. Appointment and Retirement of Trustees: Process for changing trustees

14. Notices: Communication requirements and procedures

15. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction provisions

Optional Sections

1. Security Trustee Provisions: Additional provisions when the trustee acts as security trustee, used in complex security arrangements

2. Parallel Debt: Used when the security structure requires a parallel debt arrangement, common in cross-border transactions

3. Limited Recourse and Non-Petition: Used in structured finance transactions to limit recourse against the issuer

4. Tax Gross-Up: Provisions for tax gross-up payments, used when required by the commercial arrangement

5. Guarantee: Included when there are guarantors for the debt obligations

6. Priority of Payments: Used in structured finance transactions to establish payment waterfall

7. Further Issues: Provisions allowing for additional debt issuance, used in programs or series arrangements

8. Meeting Provisions: Detailed provisions for noteholder meetings, if not included in schedules

Suggested Schedules

1. Terms and Conditions of the Notes: Detailed terms and conditions applicable to the debt securities

2. Forms of Global and Definitive Notes: Forms of the actual debt instruments to be issued

3. Provisions for Meetings of Noteholders: Procedures and rules for noteholder meetings

4. Security Documents: Forms of security documents or details of security arrangements

5. Form of Transfer Documentation: Templates for transfer certificates and other transfer documentation

6. Financial Covenants: Detailed financial covenants and calculation methodologies

7. Contact Details: Contact information for all parties

8. Fee Schedule: Details of trustee and agent fees

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Financial Services

Banking

Investment Management

Real Estate

Infrastructure

Energy

Manufacturing

Technology

Telecommunications

Healthcare

Transportation

Construction

Mining

Retail

Relevant Teams

Legal

Finance

Treasury

Compliance

Risk Management

Corporate Secretariat

Capital Markets

Investment

Trust Services

Securities Administration

Relevant Roles

Chief Financial Officer

Treasury Manager

Finance Director

Corporate Treasurer

Legal Counsel

Corporate Secretary

Trust Manager

Compliance Officer

Bond Trustee

Security Trustee

Investment Manager

Fund Manager

Debt Capital Markets Director

Structured Finance Manager

Transaction Manager

Risk Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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