Note And Security Agreement Template for Saudi Arabia

1. Additional Security Providers: Include when third parties are providing additional security or guarantees

2. Islamic Finance Provisions: Detailed Sharia compliance provisions when required by the financing structure

3. Cross-Default: Include when there are other related financing arrangements

4. Insurance: Include when specific insurance requirements apply to the collateral

5. Currency Provisions: Include for cross-border transactions or when multiple currencies are involved

6. Tax Provisions: Include when specific tax considerations apply to the transaction

7. Assignment and Transfer: Include when transfer rights are contemplated

1. Form of Promissory Note: Standard form of the promissory note compliant with Saudi law

2. Description of Collateral: Detailed description of all assets subject to the security interest

3. Payment Schedule: Detailed schedule of payment dates and amounts

4. Perfection Requirements: List of required registrations and notices for security interest

5. Form of Notices: Standard forms for various notices required under the agreement

6. Required Consents: List of required third-party and governmental consents

7. Existing Encumbrances: Schedule of any permitted existing liens or encumbrances on the collateral