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1. Parties: Identifies the secured party (typically a lender or supplier) and grantor (the entity granting the security interest over inventory)
2. Background: Outlines the context of the security arrangement, including any related facility agreements or commercial relationships
3. Definitions and Interpretation: Defines key terms including 'Inventory', 'Security Interest', 'PPSA', and other relevant terms; establishes interpretation rules
4. Grant of Security Interest: Creates and establishes the security interest over the inventory collateral
5. Description of Collateral: Detailed description of the inventory subject to the security interest, as required by the PPSA
6. Representations and Warranties: Grantor's representations regarding ownership, condition, and status of inventory
7. Covenants: Ongoing obligations regarding maintenance, storage, insurance, and reporting of inventory
8. PPSA Provisions: Specific provisions required under the PPSA including registration, notices, and verification statements
9. Default Events: Defines circumstances constituting default under the agreement
10. Enforcement: Rights and remedies of the secured party upon default
11. Power of Attorney: Appointment of secured party as attorney for enforcement purposes
12. General Provisions: Standard boilerplate including notices, governing law, and amendment procedures
1. Purchase Money Security Interest: Include when the security interest qualifies as a PMSI under the PPSA for priority purposes
2. Third Party Locations: Include when inventory is stored at locations owned/controlled by third parties
3. Commingling Provisions: Include when inventory may be mixed with other goods during processing or storage
4. Cross-Collateralization: Include when security interest extends to other assets or agreements
5. International Trade Provisions: Include for inventory involved in international trade, including import/export requirements
6. Environmental Compliance: Include for inventory involving hazardous materials or environmental risks
7. Consignment Arrangements: Include when inventory is held on consignment
8. Subordination Provisions: Include when there are multiple secured parties requiring priority arrangements
1. Schedule 1 - Inventory Description: Detailed description of all inventory covered by the security interest, including locations and identification methods
2. Schedule 2 - Storage Locations: List of all authorized storage locations for the inventory
3. Schedule 3 - Approved Third Party Holders: List of authorized third parties who may hold or process the inventory
4. Schedule 4 - Reporting Requirements: Forms and procedures for inventory reporting and monitoring
5. Schedule 5 - Insurance Requirements: Required insurance coverage details and approved insurers
6. Schedule 6 - Existing Security Interests: List of any pre-existing security interests affecting the inventory
7. Appendix A - Form of Inventory Report: Template for periodic inventory reporting
8. Appendix B - Notice to Third Party Holders: Template for notifications to third parties holding inventory
Administrator
Agreed Location
Approved Purchaser
Authorised Officer
Business Day
Collateral
Control
Default Event
Disposal
Enforcement Event
Excluded Property
Financial Records
Future Property
Goods
Governmental Agency
Grantor
GST
Inventory
Insurance Policy
Insolvency Event
Interest Rate
Loss
Material Adverse Effect
Permitted Security Interest
PPSA
PPSR
Proceeds
Purchase Money Security Interest
Receiver
Related Entity
Secured Money
Secured Party
Security Interest
Serial Numbered Goods
Storage Location
Subsidiary
Third Party Location
Transaction Documents
Trust
Verification Statement
Collateral Description
Registration and Perfection
Representations and Warranties
Covenants
Insurance
Reporting
Access and Inspection
Default
Enforcement
Priority
Assignment and Transfer
Notices
Power of Attorney
Confidentiality
Storage and Maintenance
Risk and Title
Proceeds and Commingling
Third Party Rights
Release and Discharge
Indemnification
Costs and Expenses
Amendment and Waiver
Severability
Counterparts
Governing Law
Dispute Resolution
Force Majeure
GST and Taxes
Further Assurance
Manufacturing
Retail
Wholesale Distribution
Agriculture
Automotive
Consumer Goods
Electronics
Food and Beverage
Pharmaceuticals
Construction Materials
Textiles
Mining Equipment
Industrial Supplies
Legal
Finance
Treasury
Risk Management
Operations
Supply Chain
Procurement
Warehouse Operations
Compliance
Credit Management
Security Administration
Chief Financial Officer
Finance Director
Treasury Manager
Commercial Lawyer
Legal Counsel
Credit Manager
Risk Manager
Inventory Controller
Supply Chain Manager
Procurement Manager
Operations Director
Warehouse Manager
Security Trustee Officer
Compliance Officer
Financial Controller
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