Collateral Sharing Agreement Template for Saudi Arabia

1. Shariah Compliance: Specific provisions ensuring compliance with Islamic finance principles - required when any party requires explicit Shariah compliance

2. Intercreditor Provisions: Detailed provisions governing relationships between different classes of creditors - needed when there are multiple levels of debt

3. Additional Security: Provisions for taking additional security in the future - useful for evolving security arrangements

4. Common Security Agent Provisions: Detailed provisions regarding security agent replacement and liability - needed for complex multi-party arrangements

5. Currency Provisions: Rules for handling multiple currencies - required for international transactions

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

1. Schedule 1 - Form of Accession Deed: Standard form for new parties joining the agreement

2. Schedule 2 - Security Assets: Detailed list and description of all shared security assets

3. Schedule 3 - Security Documents: List of all security documents covered by the agreement

4. Schedule 4 - Form of Security Agent Resignation Letter: Standard form for security agent resignation

5. Schedule 5 - Secured Party Details: Contact and account details of all secured parties

6. Appendix A - Shariah Structure Diagram: Visual representation of the Shariah-compliant structure

7. Appendix B - Enforcement Procedures: Detailed procedures for security enforcement under Saudi law