Security Trust Agreement Template for South Africa

1. Parallel Debt: Required when dealing with jurisdictions that don't recognize trust concepts or when creating direct enforcement rights

2. Security Agent Provisions: Needed when the trustee also acts as security agent in foreign jurisdictions

3. Intercreditor Provisions: Required when there are multiple classes of creditors with different priority rights

4. Tax Provisions: Detailed tax arrangements when the security structure has specific tax implications

5. Currency Provisions: Required when the security involves multiple currencies

6. Registration Rights: Specific provisions for registration of security interests in relevant registries

7. Insurance Requirements: Detailed insurance obligations when secured assets require specific insurance coverage

1. Schedule 1 - Secured Creditors: List of all secured creditors and their respective exposure/commitment amounts

2. Schedule 2 - Security Assets: Detailed description of all assets subject to the security trust arrangement

3. Schedule 3 - Security Documents: List and copies of all security documents held by the trustee

4. Schedule 4 - Forms of Accession: Standard forms for new creditors to accede to the agreement

5. Schedule 5 - Distribution Waterfall: Detailed order of priority for distribution of enforcement proceeds

6. Schedule 6 - Fee Structure: Detailed breakdown of trustee fees and payment arrangements

7. Appendix A - Notice Requirements: Formal requirements and templates for various notices under the agreement

8. Appendix B - Resolution Procedures: Procedures for creditor voting and decision-making