Cross Collateral Agreement Template for Pakistan

1. Islamic Banking Compliance: Required when any facility is Shariah-compliant, ensuring cross-collateral arrangement meets Islamic banking requirements

2. Multiple Lenders: Required when multiple lenders are involved, addressing ranking and sharing of security

3. Currency Provisions: Required for cross-border transactions or multiple currency facilities

4. Tax Provisions: Detailed tax provisions required when significant tax implications exist

5. Registration Agent: Required when appointing an agent for registration and perfection purposes

6. Priority Arrangements: Required when dealing with existing security interests or multiple creditors

1. Schedule 1 - Existing Facilities: Details of all existing credit facilities being cross-collateralized

2. Schedule 2 - Security Assets: Comprehensive list and description of all assets subject to cross-collateralization

3. Schedule 3 - Security Documents: List of all existing security documents relating to the cross-collateralized assets

4. Schedule 4 - Forms of Notices: Standard forms for perfection notices and third-party acknowledgments

5. Schedule 5 - Registration Requirements: Specific registration requirements for different types of collateral

6. Appendix A - Property Documents: Copies of title documents for immovable property

7. Appendix B - Corporate Authorizations: Board resolutions and other corporate authorizations

8. Appendix C - Existing Encumbrances: Details of any existing charges or encumbrances on the security assets