Pledge Of Shares Agreement Template for Nigeria

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Pledge Of Shares Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Pledge Of Shares Agreement

"I need a Pledge of Shares Agreement under Nigerian law to secure a 5-year corporate loan from ABC Bank Limited, where XYZ Manufacturing Ltd is pledging 60% of its shares in its subsidiary company as collateral, to be effective from March 1, 2025."

Document background

A Pledge of Shares Agreement is a crucial security document used in Nigerian financial and corporate transactions where shares are provided as collateral for obligations or financing arrangements. The agreement is commonly used in loan transactions, corporate restructurings, and investment deals where security over shares is required. It must comply with Nigerian legislation, particularly CAMA 2020, Investment and Securities Act 2007, and relevant SEC regulations. The document details the pledge arrangement, including share details, voting rights, dividend provisions, and enforcement mechanisms. It requires registration with the Corporate Affairs Commission and must include specific provisions mandated by Nigerian law for creating valid security interests over shares. The agreement is particularly important in protecting lenders' interests while allowing borrowers to retain beneficial ownership of shares until a default occurs.

Suggested Sections

1. Parties: Identification of the Pledgor (shareholder) and Pledgee (security holder), including full legal names and addresses

2. Background: Context of the pledge arrangement, including reference to any underlying debt or obligation

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Pledge and Security Interest: Core provisions creating the pledge over the shares, including the scope of security interest

5. Representations and Warranties: Pledgor's declarations regarding ownership, authority to pledge, and status of shares

6. Covenants: Ongoing obligations of the Pledgor regarding the pledged shares

7. Rights and Obligations: Respective rights and obligations of both parties during the pledge period

8. Voting Rights and Dividends: Provisions governing exercise of voting rights and treatment of dividends

9. Events of Default: Circumstances constituting default under the agreement

10. Enforcement: Mechanisms and procedures for enforcing the pledge upon default

11. Duration and Release: Term of the pledge and conditions for release of security

12. Notices: Communication procedures between parties

13. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes

14. Execution: Signature blocks and execution formalities

Optional Sections

1. Corporate Authorization: Required when either party is a corporate entity, detailing corporate approvals

2. Tag-Along Rights: Optional provisions for other shareholders' rights in case of share transfer

3. Power of Attorney: Optional section granting Pledgee power to act on Pledgor's behalf in specific circumstances

4. Further Assurance: Additional provisions for future actions to perfect the security

5. Share Transfer Restrictions: Additional restrictions on share transfers beyond the pledge

6. Multiple Pledgors: Required when shares are pledged by multiple shareholders

7. Costs and Expenses: Optional detailed provisions on transaction costs and ongoing expenses

Suggested Schedules

1. Schedule 1 - Details of Pledged Shares: Comprehensive details of the shares being pledged, including share certificate numbers and company details

2. Schedule 2 - Form of Notice to Company: Template notice to be sent to the company regarding the pledge of shares

3. Schedule 3 - Company Acknowledgment: Form of company's acknowledgment of the share pledge

4. Schedule 4 - Share Transfer Form: Blank share transfer form signed by Pledgor for enforcement purposes

5. Schedule 5 - Corporate Authorizations: Copies of relevant corporate approvals and resolutions

6. Appendix A - Registration Requirements: Checklist of registration requirements with CAC and other authorities

7. Appendix B - Specimen Signatures: Specimen signatures of authorized signatories

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking

Financial Services

Investment Management

Private Equity

Corporate Services

Insurance

Real Estate

Manufacturing

Technology

Energy

Telecommunications

Professional Services

Relevant Teams

Legal

Finance

Corporate Secretarial

Compliance

Risk Management

Corporate Finance

Investment

Operations

Credit

Securities Administration

Relevant Roles

Legal Counsel

Corporate Lawyer

Finance Director

Chief Financial Officer

Investment Manager

Company Secretary

Compliance Officer

Corporate Finance Manager

Risk Manager

Transaction Manager

Security Trustee

Portfolio Manager

Managing Director

Chief Executive Officer

Legal Director

Banking Operations Manager

Find the exact document you need

Membership Pledge Agreement

A Nigerian law-governed agreement establishing membership terms, commitments, and obligations between an organization and its members.

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Pledge Of Shares Agreement

Authors

Alex Denne

Find the exact document you need

Membership Pledge Agreement

Real Estate Security Agreement

Security Agreement For Promissory Note

Personal Property Security Agreement

Data Privacy Contract

Security Agreement Contract

Pledge Security Agreement

Global Master Repurchase Agreement

Equipment Security Agreement

Stock Escrow Agreement

Retail Installment Contract And Security Agreement

Personal Loan Contract With Collateral

Shareholder Agreement Transfer Of Shares

Inventory Security Agreement

Stock Pledge Agreement

Security Account Control Agreement

Collateral Security Agreement

Master Security Agreement

Collateral Sharing Agreement

Promissory Note And Security Agreement

Collateral Access Agreement

Property Collateral Agreement

Pledge And Security Agreement

Security Loan Agreement

Agreement For Security Deposit

Master Repurchase Agreement

Convertible Equity Agreement

Asset Pledge Agreement

Pledge Of Shares Agreement

Overnight Reverse Repurchase Agreement

Loan Collateral Agreement

Film Investment Contract

Collateral Trust Agreement

Collateral Pledge Agreement

Share Charge Agreement

Stock Transfer Contract

Security Sharing Agreement

Reverse Repurchase Agreement

Contract Of Sale Of Shares

Negative Pledge Agreement

Margin Lending Agreement

Security Lending Agreement

Cash Collateral Agreement

Deposit Control Agreement

Stock Repurchase Agreement

General Security Agreement

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Commercial

Employment

IP

Administration

Finance

R&D

Use Cases