Cross Collateral Agreement Template for Saudi Arabia

1. Additional Security Provider Provisions: Used when multiple security providers are involved, defining their relationships and obligations

2. Priority Arrangements: Include when there are multiple secured parties to establish ranking of security interests

3. Further Assurance: Optional detailed provisions regarding additional steps parties may need to take

4. Power of Attorney: Optional provision granting power of attorney for perfection/enforcement actions

5. Assignment and Transfer: Include when transferability of rights is contemplated

6. Currency Provisions: Required when secured obligations are in multiple currencies

7. Sharia Board Approval: Include when specific Sharia board approval is required by any party

1. Schedule 1 - Secured Obligations: Detailed list of all facilities and obligations secured by the cross-collateral arrangement

2. Schedule 2 - Collateral Description: Comprehensive description of all assets serving as collateral

3. Schedule 3 - Perfection Requirements: Specific requirements for each type of collateral under Saudi law

4. Schedule 4 - Form of Notices: Standard form notices required for perfection or enforcement

5. Schedule 5 - Security Provider Details: Details of security providers and their respective collateral when multiple providers involved

6. Appendix A - Required Documentation: List of documents required for perfection and registration

7. Appendix B - Sharia Principles: Relevant Sharia principles and structuring requirements applicable to the arrangement