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1. Parties: Identification of the secured party (creditor) and debtor, including full legal names and addresses
2. Background: Context of the security agreement, referring to any underlying purchase/loan agreement and the intention to create a security interest
3. Definitions: Key terms used throughout the agreement, including 'Equipment', 'Obligations', 'Event of Default', etc.
4. Grant of Security Interest: The formal creation of the security interest in the equipment
5. Description of Collateral: General description of the equipment subject to the security interest
6. Secured Obligations: Description of the obligations being secured, including principal, interest, and other amounts
7. Representations and Warranties: Debtor's confirmations regarding ownership, condition of equipment, and authority to grant security
8. Covenants: Debtor's ongoing obligations regarding maintenance, insurance, and use of the equipment
9. Events of Default: Circumstances constituting default under the agreement
10. Remedies: Secured party's rights and remedies upon default
11. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Additional Secured Parties: Required when multiple creditors are involved, establishing priorities and relationships
2. Guarantee Provisions: Include when there are guarantors securing the debtor's obligations
3. Purchase-Money Security Interest: Special provisions required when the security interest qualifies as a PMSI under PPSA
4. Cross-Collateralization: When the equipment secures obligations under other agreements
5. Subordination: Required when there are multiple security interests and priorities need to be established
6. Assignment: Detailed provisions for when/how the security interest can be assigned
7. Quebec Provisions: Special provisions required if equipment may be located in Quebec
1. Equipment Schedule: Detailed description of equipment including serial numbers, locations, and specifications
2. Payment Schedule: If payments are part of the agreement, details of payment amounts and dates
3. Insurance Requirements: Specific insurance requirements for the equipment
4. Permitted Locations: List of locations where equipment may be kept or used
5. Form of PPSA Financing Statement: Draft financing statement for PPSA registration
6. Additional Security Documents: Forms of any additional required security documents
7. Existing Liens: Schedule of permitted existing liens or encumbrances on the equipment
Applicable Law
Business Day
Collateral
Default Rate
Equipment
Event of Default
Excluded Equipment
Financing Statement
Governmental Authority
Indebtedness
Insurance Proceeds
Lender
Lien
Loan Agreement
Material Adverse Effect
Obligations
Permitted Liens
Person
PPSA
Proceeds
Purchase Money Security Interest
Related Rights
Replacement Equipment
Required Insurance
Secured Obligations
Secured Party
Security Interest
Supplemental Equipment Schedule
Term
Transfer
UCC
Collateral Description
Representations and Warranties
Debtor Covenants
Equipment Maintenance
Insurance Requirements
Use and Location of Equipment
Inspection Rights
Events of Default
Enforcement Rights
Remedies
Assignment and Transfer
Further Assurances
Indemnification
Notices
Amendment and Waiver
Governing Law
Jurisdiction
Severability
Entire Agreement
Counterparts
Registration and Perfection
Priority
Release of Security Interest
Cross-Default
Confidentiality
Costs and Expenses
Acceleration
Survival
Force Majeure
Manufacturing
Construction
Agriculture
Mining
Transportation
Healthcare
Technology
Renewable Energy
Heavy Industry
Telecommunications
Forestry
Oil & Gas
Food Processing
Retail
Warehousing & Logistics
Legal
Finance
Treasury
Risk Management
Operations
Procurement
Compliance
Asset Management
Credit
Commercial Lending
Equipment Management
Contract Administration
Chief Financial Officer
Finance Director
Treasury Manager
Equipment Finance Manager
Commercial Lending Officer
Credit Risk Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Asset Manager
Procurement Manager
Contract Administrator
Risk Management Officer
Compliance Officer
Equipment Manager
Fleet Manager
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