Security Sharing Agreement Template for South Africa

1. Security Agent Provisions: Detailed provisions regarding the appointment, powers, and duties of a security agent, used when a security agent structure is preferred over a trustee structure

2. Intercreditor Provisions: Additional provisions governing relationship between different classes of creditors, used when there are multiple tiers of debt

3. Standstill Provisions: Provisions governing enforcement moratorium periods, used in complex multi-party arrangements

4. New Security: Procedures for adding new security to the sharing arrangement, used when future security interests are contemplated

5. Voting Mechanisms: Detailed voting procedures for decision-making, used in arrangements with multiple creditors

6. Currency Provisions: Provisions dealing with multiple currencies, used when security involves multiple jurisdictions or currencies

1. Form of Accession Deed: Standard form for new parties joining the agreement

2. Security Documents: List and details of all security documents covered by the sharing arrangement

3. Contact Details: Contact information for all parties and authorized representatives

4. Secured Obligations: Detailed description of all secured obligations covered by the arrangement

5. Priority Rankings: Detailed breakdown of priority rankings and waterfalls

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

7. Security Assets: Comprehensive list and description of all security assets covered