Promissory Note With Collateral Template for Saudi Arabia

1. Additional Guarantor: Include when there is a third-party guarantor for the promissory note

2. Interest Provision: Only if structured in a Sharia-compliant manner as profit rate or administrative fees

3. Acceleration Clause: Optional provision allowing entire amount to become due upon specific trigger events

4. Cross-Default Provisions: Include when the note is part of a larger financing arrangement

5. Assignment Rights: Include if the note is intended to be transferable

6. Notice Provisions: Include when specific notification requirements are needed between parties

1. Collateral Schedule: Detailed inventory and description of all assets serving as collateral

2. Payment Schedule: If installment payments are involved, detailed breakdown of payment dates and amounts

3. Collateral Valuation Report: Independent valuation of the pledged assets

4. Authentication Documents: Copies of required government authentications or notarizations

5. Title Documents: Proof of ownership documents for the pledged collateral

6. Registration Forms: Required forms for registering the security interest with relevant authorities