Deed Of Charge And Assignment Template for Nigeria

1. Security Margin: Used when the security includes a requirement for maintaining a specific value ratio of security to secured obligations

2. Insurance: Required when charged assets must be insured and insurance proceeds are part of the security

3. Environmental Matters: Included when the charged property includes land or facilities with environmental considerations

4. Security Agent Provisions: Required in syndicated facilities where a security agent holds the security on behalf of multiple beneficiaries

5. Intercreditor Provisions: Needed when there are multiple secured creditors and their priorities need to be established

6. Release Mechanics: Detailed provisions for partial releases of security, used in complex transactions with multiple assets

7. Currency Provisions: Required when the secured obligations or charged assets involve multiple currencies

1. Schedule 1 - Secured Assets: Detailed description and/or list of all assets subject to the charge and assignment

2. Schedule 2 - Secured Obligations: Detailed description of the secured obligations, including any facility agreements or other underlying obligations

3. Schedule 3 - Properties: Details of any real property including title information and land registry particulars

4. Schedule 4 - Form of Notices: Template notices to be sent to relevant third parties regarding the assignment

5. Schedule 5 - Existing Security: Details of any existing security interests over the charged assets that will remain in place

6. Schedule 6 - Required Authorizations: List of regulatory or third-party consents required for the charge and assignment

7. Schedule 7 - Bank Accounts: Details of bank accounts subject to the security arrangement