Collateral Agreement for Canada

Collateral Agreement Template for Canada

A Canadian law-governed Collateral Agreement is a comprehensive security document that establishes and evidences a security interest in specified assets (collateral) to secure the performance of financial or other obligations. The agreement complies with Canadian personal property security legislation, including provincial Personal Property Security Acts (PPSA) and, where applicable, the Quebec Civil Code. It contains detailed provisions regarding the creation, perfection, and enforcement of security interests, as well as the rights and obligations of both the secured party and the debtor in relation to the collateral.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Collateral Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Collateral Agreement?

The Collateral Agreement is a fundamental document in secured lending and other secured transactions under Canadian law. It is typically used when a party (the secured party) requires security over specific assets owned by another party (the debtor) to secure the performance of obligations, such as the repayment of a loan or the fulfillment of contractual duties. The agreement must comply with provincial personal property security legislation, including detailed requirements for creating enforceable security interests and proper collateral description. The document includes provisions for the creation, perfection, and enforcement of security interests, representations and warranties regarding the collateral, covenants for maintaining the collateral, and remedies upon default. It may also address specific requirements for different types of collateral, such as investment property, receivables, or intellectual property.

What sections should be included in a Collateral Agreement?

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

What sections are optional to include in a Collateral Agreement?

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

What schedules should be included in a Collateral Agreement?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Security Agreement

Cost

Free to use
Relevant legal definitions
Relevant Industries

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

Relevant Teams

Legal

Finance

Risk Management

Treasury

Compliance

Credit Administration

Corporate Banking

Commercial Banking

Securities Administration

Collateral Management

Transaction Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Simple Security Agreement

A Canadian legal document creating a security interest in personal property as collateral for a loan or obligation, governed by the PPSA.

find out more

Motor Vehicle Security Agreement

A Canadian security agreement creating a lender's security interest in a motor vehicle as collateral, compliant with provincial PPSA requirements.

find out more

Personal Information Confidentiality Agreement

A Canadian-law governed agreement establishing obligations for protecting confidential personal information, ensuring compliance with PIPEDA and provincial privacy laws.

find out more

Stock Broker Agreement

A Canadian-compliant agreement establishing the terms and conditions between a licensed investment broker and client for securities trading services.

find out more

Simple Security Deposit Agreement

A Canadian-law governed agreement establishing terms for holding, managing, and returning a security deposit, ensuring compliance with federal and provincial regulations.

find out more

Pledge Agreement

A Canadian law-governed security document where a pledgor grants security over specific assets to secure obligations, subject to PPSA or Quebec Civil Code requirements.

find out more

Personal Property Security Agreement

A Canadian security agreement (governed by provincial PPSA legislation) that creates a security interest in personal property as collateral for a loan or obligation.

find out more

Data Privacy Contract

Canadian data privacy agreement governing personal information handling and processing under PIPEDA and provincial privacy laws.

find out more

Collateral Substitution Agreement

A Canadian law agreement establishing procedures and requirements for substituting collateral while maintaining existing security interests under federal and provincial regulations.

find out more

Collateral Agreement

A Canadian law security document creating and evidencing security interests in specified collateral to secure financial or other obligations, governed by provincial PPSAs and federal legislation.

find out more

Safe Deposit Box Lease Agreement

A Canadian legal agreement governing the rental of a safe deposit box from a financial institution, establishing terms for access, security, and liability under federal and provincial laws.

find out more

Tri Party Collateral Agreement

A Canadian law-governed agreement establishing a three-way relationship between parties for managing collateral transactions, including operational procedures and regulatory compliance requirements.

find out more

Safe Deposit Box Rental Agreement

A Canadian-compliant agreement governing the rental of safe deposit boxes, establishing terms between financial institutions and box holders.

find out more

Master Loan And Security Agreement

A Canadian jurisdiction agreement establishing terms for ongoing secured lending relationships and compliance with federal and provincial security laws.

find out more

Debenture Purchase Agreement

A Canadian law-governed agreement setting out terms for the purchase of debentures, including payment terms, security arrangements, and purchaser/issuer obligations.

find out more

Purchase Security Agreement

A Canadian legal document creating a security interest in purchased personal property, governed by provincial PPSA legislation.

find out more

Note And Security Agreement

A Canadian legal document combining a promissory note with security arrangements, establishing loan terms and collateral rights under federal and provincial laws.

find out more

Global Collateral Account Control Agreement

Canadian-law governed agreement establishing control rights over global collateral accounts, defining relationships between account holder, secured party, and account bank.

find out more

Debenture Trustee Agreement

A Canadian law-governed agreement establishing the terms of debentures and appointing a trustee to act on behalf of debenture holders.

find out more

Collateral Control Agreement

A Canadian law-governed agreement establishing control over collateral by an agent on behalf of a lender in secured financing arrangements.

find out more

Preferred Equity Agreement

A Canadian legal agreement governing the issuance of preferred shares and establishing investor rights and privileges under Canadian federal and provincial law.

find out more

Mortgage Bond Agreement

A Canadian law-governed agreement establishing terms for mortgage-backed bonds, including issuance, security, and bondholder rights.

find out more

Irrevocable Pledge Agreement

Canadian law-governed agreement creating an irrevocable security interest through a pledge of specific assets.

find out more

Lease Security Agreement

A Canadian law agreement combining lease provisions with security interest rights, governed by provincial PPSA legislation, used for securing leased assets.

find out more

Guaranty And Security Agreement

A Canadian legal document combining a guarantee of obligations with the granting of security interests in collateral, governed by federal and provincial secured transactions laws.

find out more

Equipment Security Agreement

A Canadian legal document creating a security interest in equipment to secure loan repayment or other obligations, compliant with provincial PPSA requirements.

find out more

Auto Loan Security Agreement

A Canadian security agreement that creates a lender's security interest in a financed vehicle while establishing loan terms and parties' rights under federal and provincial laws.

find out more

Stock Escrow Agreement

A Canadian-law governed agreement establishing terms for holding and releasing securities in escrow, typically used in IPOs and corporate transactions.

find out more

Personal Security Agreement

A Canadian law agreement creating a security interest in personal property as collateral for a loan or obligation, governed by provincial Personal Property Security Acts.

find out more

Security Deposit Installment Agreement

A Canadian legal agreement establishing installment payment terms for a security deposit between landlord and tenant, compliant with provincial residential tenancy laws.

find out more

Omnibus Loan And Security Agreement

A Canadian law-governed comprehensive agreement combining multiple loan facilities and security arrangements into a single integrated financing document.

find out more

Copyright Security Agreement

A Canadian legal document creating a security interest in copyrighted works as collateral, governed by federal copyright law and provincial security legislation.

find out more

Collateral Account Control Agreement

A Canadian law-governed agreement establishing control over deposit accounts in favor of a secured party, involving an account holder, secured party, and deposit bank.

find out more

Collateral Account Agreement

A Canadian law agreement establishing security interests and control rights over bank accounts used as collateral in financing transactions.

find out more

Chattel Security Agreement

A Canadian law agreement creating a security interest in personal property (chattels), governed by provincial Personal Property Security Act (PPSA) requirements.

find out more

Business Security Agreement

A Canadian legal document creating security interests in personal property under PPSA legislation to secure business obligations.

find out more

Trademark Security Agreement

A Canadian law agreement creating security interests in trademark assets, establishing lender rights and trademark owner obligations under federal and provincial regulations.

find out more

Sale Of Membership Interest Agreement

A Canadian law-governed agreement documenting the sale and transfer of membership interests in a business entity from seller to buyer.

find out more

Retail Installment Contract And Security Agreement

A Canadian retail contract combining installment payment terms with a security agreement, establishing purchase terms and creating a security interest in the goods as collateral.

find out more

Sublease Deposit Agreement

A Canadian legal agreement governing the terms and conditions of security deposits in sublease arrangements, ensuring compliance with provincial tenancy laws.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now