Chattel Security Agreement Template for Philippines

1. Purchase Money Security Interest Provisions: Required when the security interest qualifies as a PMSI under the PPSA

2. Registration and Perfection: Additional provisions regarding registration requirements when needed for specific types of collateral

3. Third Party Consents: Required when third party approvals are needed for the security interest

4. Insurance Requirements: Detailed insurance provisions for high-value chattels

5. Intercreditor Provisions: Required when there are multiple secured parties or competing security interests

6. Tax Provisions: Detailed tax provisions when significant tax implications exist

7. Assignment and Transfer: Provisions governing the transfer of rights under the agreement when needed

1. Schedule A - Collateral Description: Detailed technical description of the chattel(s), including serial numbers, locations, and identifying features

2. Schedule B - Permitted Locations: List of locations where the collateral may be kept or used

3. Schedule C - Existing Security Interests: List of any pre-existing security interests or encumbrances on the collateral

4. Schedule D - Form of Notice: Standard form for notices required under the agreement

5. Appendix 1 - Registration Requirements: Specific requirements for registering the security interest under PPSA

6. Appendix 2 - Insurance Requirements: Detailed insurance specifications and requirements

7. Appendix 3 - Condition Report: Initial condition report of the chattel(s) at the time of agreement