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1. Parties: Identifies the parties to the agreement - the secured party (creditor) and the debtor (grantor of security interest)
2. Background: Explains the context of the security arrangement and references any related agreements (e.g., loan agreement, credit facility)
3. Definitions: Defines key terms used throughout the agreement, including specific collateral-related terminology
4. Grant of Security Interest: The operative provision creating the security interest in the collateral
5. Description of Collateral: Detailed description of the assets subject to the security interest
6. Secured Obligations: Specifies the obligations being secured by the collateral
7. Representations and Warranties: Debtor's statements regarding ownership, condition, and status of collateral
8. Covenants: Ongoing obligations of the debtor regarding maintenance, use, and preservation of collateral
9. Further Assurances: Obligation to execute additional documents and take actions to perfect security interest
10. Events of Default: Circumstances that trigger enforcement rights
11. Remedies: Rights and remedies of the secured party upon default
12. Governing Law: Specifies applicable Canadian law and jurisdiction
1. Control Agreements: Required when collateral includes investment property or deposit accounts requiring control agreements
2. Intercreditor Provisions: Needed when multiple secured parties have interests in the same collateral
3. Insurance Requirements: Detailed requirements when collateral must be insured
4. Special Rights: Additional rights for specific types of collateral (e.g., intellectual property, securities)
5. Registration and Perfection: Specific provisions regarding PPSA registrations and other perfection requirements
6. Possession of Collateral: Required when secured party will take possession of certain collateral
7. Quebec Security Provisions: Special provisions required when collateral is located in Quebec
1. Schedule A - Collateral Description: Detailed itemization and description of all collateral covered by the agreement
2. Schedule B - Permitted Liens: List of pre-existing or permitted security interests affecting the collateral
3. Schedule C - Locations of Collateral: List of all locations where collateral is or may be located
4. Schedule D - Intellectual Property: Detailed list of IP rights included in collateral, if applicable
5. Schedule E - Subsidiary Guarantors: List of subsidiary entities providing guarantees, if applicable
6. Appendix 1 - Form of Control Agreement: Standard form of control agreement for financial assets
7. Appendix 2 - PPSA Financing Statement: Copy of or details for PPSA registration
Additional Secured Parties
Affiliate
Applicable Law
Authorized Representative
Business Day
Certificated Security
Chattel Paper
Collateral
Control
Credit Agreement
Default
Document of Title
Equipment
Event of Default
Financial Asset
Financing Statement
Fixtures
Governmental Authority
Guarantor
Instrument
Intellectual Property
Inventory
Investment Property
Lien
Loan Documents
Material Adverse Effect
Obligations
Permitted Liens
Person
Pledged Securities
PPSA
Proceeds
Receivables
Related Rights
Security Interest
Security Documents
Secured Obligations
Secured Parties
Securities Account
Securities Intermediary
Security Entitlement
Subsidiary
Tangible Chattel Paper
UCC
Uncertificated Security
Grant of Security Interest
Perfection
Representations and Warranties
Covenants
Default
Remedies
Possession
Control
Assignment
Amendment
Notices
Severability
Governing Law
Jurisdiction
Waiver
Indemnification
Further Assurance
Counterparts
Entire Agreement
Third Party Rights
Priority
Release
Survival
Confidentiality
Costs and Expenses
Force Majeure
Registration
Insurance
Discharge
Banking and Financial Services
Commercial Real Estate
Manufacturing
Technology and Software
Energy and Resources
Retail and Consumer Goods
Healthcare
Agriculture
Transportation and Logistics
Construction
Professional Services
Legal
Finance
Risk Management
Treasury
Compliance
Credit Administration
Corporate Banking
Commercial Banking
Securities Administration
Collateral Management
Transaction Management
Legal Counsel
Corporate Lawyer
Finance Director
Chief Financial Officer
Risk Manager
Credit Manager
Treasury Manager
Compliance Officer
Security Trustee
Loan Officer
Corporate Secretary
Transaction Manager
Portfolio Manager
Commercial Banking Officer
Asset Manager
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