Assignment Of Security Agreement Template for Saudi Arabia

1. Security Provider Consent: Required when the original Security Agreement requires consent for assignment

2. Further Assurance: Additional provisions for cooperation in perfecting the assignment, used in complex transactions

3. Costs and Expenses: Allocation of costs related to the assignment, used when significant expenses are anticipated

4. Partial Assignment: Special provisions when only part of the security interest is being assigned

5. Islamic Finance Compliance: Specific provisions ensuring Shariah compliance, required for Islamic finance transactions

6. Currency Provisions: Required when the security involves multiple currencies or foreign exchange considerations

7. Tax Provisions: Specific tax-related provisions, needed when tax implications are significant

1. Original Security Agreement: Copy of the Security Agreement being assigned

2. Security Assets Schedule: Detailed description of the security assets covered by the assignment

3. Existing Notices and Consents: Copies of any relevant notices given or consents obtained

4. Form of Notice: Template for notices to be given to relevant parties

5. Registration Requirements: List of required registrations and filings

6. Power of Attorney: If required, form of power of attorney for perfecting the assignment

7. Required Regulatory Approvals: List and copies of any required regulatory approvals