Loan Collateral Agreement Template for Nigeria

1. Insurance: Required when the collateral needs to be insured, specifying insurance requirements and rights

2. Further Assurance: Used when additional documentation or actions may be needed to perfect the security

3. Currency Provisions: Required for cross-border transactions or when the loan is in foreign currency

4. Tax Provisions: Included when specific tax implications need to be addressed

5. Assignment and Transfer: Required when the lender may want to transfer its rights under the agreement

6. Multiple Security Providers: Required when there are multiple parties providing collateral

7. Priority Arrangements: Needed when there are multiple secured creditors or existing security interests

8. Regulatory Compliance: Required for regulated entities or specific types of collateral subject to regulatory oversight

1. Schedule 1 - Description of Collateral: Detailed description and identification of all assets subject to the security interest

2. Schedule 2 - Secured Obligations: Details of the underlying loan agreement and secured amounts

3. Schedule 3 - Form of Notice: Template notices for perfection requirements (e.g., notice to account banks, tenants)

4. Schedule 4 - Required Filings and Registrations: List of all necessary registrations and filings under Nigerian law

5. Schedule 5 - Existing Security Interests: Details of any existing security interests or encumbrances over the collateral

6. Appendix A - Form of Transfer Certificate: Standard form for transferring rights under the agreement

7. Appendix B - Registration Forms: Forms required for registration with relevant Nigerian authorities