Property Collateral Agreement Template for Nigeria

1. Third Party Rights: Required when there are existing interests or rights in the property that need to be addressed

2. Insurance: Detailed insurance requirements when specific insurance arrangements are needed beyond standard covenants

3. Property Management: Include when specific management obligations for the property need to be detailed

4. Environmental Matters: Required for properties with potential environmental liabilities or compliance requirements

5. Further Assurance: Additional provisions for future actions to perfect or protect the security interest

6. Power of Attorney: Optional provision granting power of attorney to the secured party for specific purposes

7. Assignment and Transfer: Include when transfer rights need to be specifically addressed

8. Multiple Properties: Required when the collateral includes more than one property

1. Property Description: Detailed legal description of the property, including title information and registration details

2. Form of Notice: Standard forms for notices required under the agreement

3. Secured Obligations Details: Detailed description of the underlying obligations being secured

4. Existing Encumbrances: List of any existing charges or encumbrances on the property

5. Insurance Requirements: Specific insurance requirements and minimum coverage levels

6. Required Consents: List of required consents and approvals for the security arrangement

7. Registration Requirements: Checklist of registration requirements and supporting documents