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1. Parties: Identifies and defines the parties to the agreement, including the lender and borrower
2. Background: Sets out the context of the agreement, including reference to the main loan agreement and the purpose of the collateral arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles
4. Grant of Security Interest: Formally establishes the security interest over the collateral in favor of the lender
5. Collateral Description: Detailed description of the assets being provided as collateral, including any specific identifying information
6. Representations and Warranties: Borrower's confirmations regarding ownership, condition, and status of the collateral
7. Covenants: Ongoing obligations regarding the maintenance, use, and preservation of the collateral
8. Events of Default: Circumstances that constitute default under the agreement
9. Enforcement Rights: Lender's rights and remedies upon default, including power of sale
10. PPSA Provisions: Specific provisions required under the Personal Property Securities Act 1999
11. General Provisions: Standard contractual provisions including notices, amendments, governing law, and dispute resolution
1. Insurance Requirements: Required when the collateral must be insured, specifying required coverage and policy terms
2. Third Party Consent: Needed when third party approval is required for the security arrangement
3. Priority Arrangements: Used when there are multiple security interests requiring priority agreement
4. Cross-Collateralization: Included when the collateral secures multiple obligations
5. Guarantor Provisions: Required when there is a guarantor providing additional security
6. Special Dealing Provisions: Included when specific types of collateral require special handling or treatment
7. Registration and Perfection: Detailed provisions about PPSR registration when specific registration requirements exist
1. Schedule 1 - Collateral Details: Detailed description and identification of all collateral items
2. Schedule 2 - Secured Obligations: Details of the loan agreement and other secured obligations
3. Schedule 3 - Permitted Security Interests: List of any pre-existing or permitted security interests over the collateral
4. Schedule 4 - Location of Collateral: Specified locations where collateral is to be kept
5. Schedule 5 - Form of Notice: Template notices for various situations (e.g., enforcement, insurance claims)
6. Appendix A - Registration Requirements: PPSR registration details and requirements
7. Appendix B - Insurance Requirements: Detailed insurance specifications and requirements
Act
Affiliate
Authorisation
Business Day
Collateral
Controlled Account
Default
Default Rate
Disposal
Effective Date
Encumbrance
Event of Default
Facility Agreement
Financial Indebtedness
Financing Statement
Financing Change Statement
Future Advance
Guarantee
Insolvency Event
Insurance Policy
Loan Agreement
Material Adverse Effect
Monetary Obligations
New Zealand PPSA
Permitted Encumbrance
Permitted Disposal
PPSA Register
Proceeds
Receiver
Related Company
Secured Amounts
Secured Obligations
Secured Party
Security Interest
Security Period
Security Provider
Specific Security Agreement
Subsidiary
Tax
Transaction Documents
Verification Statement
Interpretation
Definitions
Grant of Security Interest
Secured Obligations
Perfection of Security
Registration
Representations and Warranties
Undertakings
Maintenance of Collateral
Insurance
Dealing with Collateral
Events of Default
Enforcement
Power of Attorney
Assignment and Transfer
Priority
Notices
Costs and Expenses
Indemnities
Confidentiality
Further Assurance
Severability
Amendment
Waiver
Counterparts
Governing Law
Dispute Resolution
Banking
Financial Services
Commercial Lending
Asset Finance
Real Estate
Agriculture
Manufacturing
Retail
Construction
Professional Services
Technology
Transport and Logistics
Legal
Credit
Risk Management
Compliance
Commercial Banking
Corporate Finance
Loan Operations
Security Administration
Document Management
Business Development
Legal Counsel
Credit Manager
Loan Officer
Risk Manager
Commercial Banking Manager
Corporate Lawyer
Compliance Officer
Security Trustee
Debt Recovery Officer
Finance Manager
Chief Financial Officer
Credit Analyst
Business Development Manager
Relationship Manager
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