Purchase Money Security Agreement Template for Philippines

1. Insurance Requirements: Detailed insurance obligations when the collateral requires specific insurance coverage

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

3. Tax Provisions: Specific tax-related provisions when tax implications need to be addressed

4. Registration and Filing: Special provisions for registration requirements when dealing with specific types of collateral

5. Subordination Provisions: Required when there are multiple security interests or lenders involved

6. Cross-Collateralization: Used when the security interest extends to other obligations

7. Consumer Protection Provisions: Required when the debtor is a consumer rather than a business

8. Foreign Currency Provisions: Needed when the purchase price is in a currency other than Philippine Peso

1. Schedule A - Collateral Description: Detailed technical description of the collateral including serial numbers, locations, and specifications

2. Schedule B - Payment Schedule: Detailed breakdown of payment amounts, dates, and terms

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

4. Schedule D - Existing Liens: List of any pre-existing liens or encumbrances on the collateral

5. Appendix 1 - Registration Forms: Forms required for registering the security interest with appropriate authorities

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

7. Appendix 3 - Maintenance Requirements: Specific maintenance and upkeep requirements for the collateral

8. Appendix 4 - Form of Notices: Standard forms for various notices required under the agreement