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1. Parties: Identifies and provides full legal details of the secured party and the debtor
2. Background: Sets out the context of the security agreement and the underlying obligations being secured
3. Definitions: Defines key terms used throughout the agreement, including specific PPSA terminology
4. Grant of Security Interest: The core provision where the debtor grants the security interest in the collateral to the secured party
5. Description of Collateral: Detailed description of the personal property being used as collateral
6. Secured Obligations: Specifies the obligations being secured, including principal debt, interest, and other amounts
7. Representations and Warranties: Debtor's statements about ownership, condition, and status of the collateral
8. Covenants: Ongoing obligations of the debtor regarding maintenance, insurance, and use of the collateral
9. Default Events: Specifies what constitutes a default under the agreement
10. Remedies: Sets out the secured party's rights and remedies upon default
11. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Purchase Money Security Interest Provisions: Required when the security interest qualifies as a PMSI to ensure super-priority
2. Control Agreement Provisions: Needed when collateral includes investment property or deposit accounts
3. Serial Numbered Goods Provisions: Special provisions for vehicles, boats, aircraft, or other serial-numbered goods
4. Intellectual Property Provisions: Required when collateral includes patents, trademarks, or other IP
5. Cross-Border Provisions: Needed when collateral may move between jurisdictions or parties are in different provinces/countries
6. Consumer Protection Provisions: Required when the agreement involves consumer goods or a consumer transaction
1. Schedule A - Collateral Description: Detailed itemization and description of all collateral covered by the agreement
2. Schedule B - Permitted Liens: List of any pre-existing or permitted security interests on the collateral
3. Schedule C - Locations of Collateral: List of all locations where collateral is or may be kept
4. Schedule D - Serial Numbers: List of serial numbers for any serial-numbered goods included as collateral
5. Schedule E - Intellectual Property: Detailed list of any intellectual property included as collateral
6. Appendix 1 - Forms: Standard forms for notices, collateral additions/removals, etc.
7. Appendix 2 - Insurance Requirements: Detailed insurance requirements for different types of collateral
Additional Security Interest
Agreement
Business Day
Collateral
Control
Debtor
Default
Default Rate
Effective Date
Event of Default
Fixtures
Governing Law
Intellectual Property
Investment Property
Lien
Loan Agreement
Obligations
Permitted Liens
Person
PPSA
Proceeds
Purchase Money Security Interest
Secured Obligations
Secured Party
Security Interest
Serial Numbered Goods
Subsidiary
Term
UCC
Collateral Description
Secured Obligations
Representations and Warranties
Covenants
Default
Remedies
Insurance
Maintenance of Collateral
Further Assurance
Assignment
Amendment
Governing Law
Jurisdiction
Notices
Severability
Entire Agreement
Waiver
Priority
Registration
Enforcement
Indemnification
Termination
Confidentiality
Counterparts
Survival
Time of Essence
Force Majeure
Authority
Interpretation
Banking and Financial Services
Commercial Lending
Manufacturing
Retail
Agriculture
Technology
Equipment Leasing
Real Estate
Construction
Transportation and Logistics
Healthcare
Professional Services
Legal
Finance
Credit
Risk Management
Compliance
Commercial Lending
Collections
Treasury
Business Development
Operations
Commercial Lending Officer
Credit Manager
Corporate Lawyer
Legal Counsel
Finance Manager
Risk Manager
Compliance Officer
Chief Financial Officer
Credit Analyst
Business Development Manager
Collections Manager
Loan Officer
Contract Administrator
Treasury Manager
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