Security Agreement Contract Template for Nigeria

1. Intercreditor Provisions: Required when multiple secured parties have interests in the same collateral

2. Insurance Requirements: Detailed insurance obligations when collateral requires specific insurance coverage

3. Special Provisions for Regulated Assets: Required when collateral includes licensed or regulated assets

4. Currency Provisions: Required when secured obligations involve multiple currencies

5. Tax Provisions: Detailed tax provisions when security arrangement has significant tax implications

6. Further Assurance: Additional provisions for complex security arrangements requiring future actions

7. Release and Discharge: Detailed provisions for releasing security in complex arrangements

1. Schedule 1 - Collateral Description: Detailed itemization and description of all assets subject to the security interest

2. Schedule 2 - Secured Obligations: Detailed description of all obligations secured by the agreement

3. Schedule 3 - Perfection Requirements: Specific filing, registration, and notice requirements

4. Schedule 4 - Form of Notice to Third Parties: Template notices required for perfection or enforcement

5. Schedule 5 - Existing Security Interests: List of any existing security interests affecting the collateral

6. Appendix A - Registration Forms: Forms required for registering the security interest with relevant authorities

7. Appendix B - Powers of Attorney: Form of powers of attorney referenced in the agreement