Security Assignment Agreement Template for South Africa

1. Security Agent Provisions: Required when security is held through a security agent for multiple beneficiaries

2. Further Assurance: Additional obligations to execute documents or perform actions, particularly relevant for complex assignments

3. Tax Provisions: Include when assignment has significant tax implications or specific tax arrangements

4. Currency Provisions: Required when assignment involves multiple currencies or foreign exchange considerations

5. Amendments to Underlying Documents: Include when assignment requires modifications to underlying agreements

6. Priority Arrangements: Needed when there are multiple security interests or intercreditor arrangements

7. Information Rights: Additional reporting or information requirements, relevant for complex financial arrangements

8. Insurance: Required when assigned rights include insurance policies or requirements

1. Schedule 1 - Assigned Rights: Detailed description of rights, assets, or receivables being assigned

2. Schedule 2 - Form of Notice of Assignment: Template notice to be sent to relevant third parties

3. Schedule 3 - Perfection Requirements: Specific actions required to perfect the security interest

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

5. Schedule 5 - Contact Details: Contact information for all parties for notice purposes

6. Appendix A - Related Agreements: Copies or details of underlying agreements relevant to the assignment

7. Appendix B - Corporate Authorizations: Copies of relevant corporate approvals and authorizations