General Security Agreement Template for South Africa

1. Further Assurance: Additional undertakings to perfect the security interest, used when multiple jurisdictions or complex assets are involved

2. Receivership: Detailed provisions regarding appointment and powers of receivers, included when the security package is substantial

3. Special Asset Provisions: Specific provisions for particular types of assets (e.g., intellectual property, shares, book debts), included when these assets form part of the security

4. Priority Arrangements: Provisions dealing with ranking and priority of security interests, used when multiple security interests exist

5. Release and Reinstatement: Terms for releasing security and reinstating security interests, included in complex security arrangements

6. Tax Provisions: Specific provisions dealing with tax implications, included when tax considerations are material

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

2. Schedule 2 - Secured Obligations: Detailed description of all obligations secured by the agreement

3. Schedule 3 - Premises: Details of any premises where secured assets are located

4. Schedule 4 - Existing Security Interests: List of any pre-existing security interests affecting the secured assets

5. Schedule 5 - Forms of Notice: Template notices for perfecting security over specific assets (e.g., bank accounts, insurance)

6. Appendix A - Security Interest Registration Forms: Forms required for registering the security interest with relevant authorities

7. Appendix B - Conditions Precedent: List of documents and conditions required before the security becomes effective