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1. Parties: Identification of the secured party and the debtor, including full legal names and addresses
2. Background: Context of the security agreement, including reference to any underlying obligations or credit agreements
3. Definitions: Definitions of key terms used throughout the agreement, including specific PPSA terminology
4. Grant of Security Interest: Express grant of security interest in the collateral by the debtor to the secured party
5. Description of Collateral: Detailed description of the collateral subject to the security interest, meeting PPSA requirements for specificity
6. Obligations Secured: Description of the obligations being secured, including principal amounts, interest, and other charges
7. Representations and Warranties: Debtor's representations regarding ownership, condition, and status of collateral
8. Covenants: Ongoing obligations of the debtor regarding maintenance, insurance, and use of collateral
9. Default and Remedies: Events of default and secured party's rights and remedies upon default
10. Perfection Provisions: Requirements and authorizations for registration and perfection of the security interest
11. General Provisions: Standard contract clauses including governing law, notices, and amendments
1. Third Party Rights: Required when there are other parties with interests in the collateral or guarantors involved
2. Special Collateral Provisions: Used when dealing with specific types of collateral like serial numbered goods or investment property
3. Purchase Money Security Interest: Include when the security interest qualifies as a PMSI under the PPSA
4. Cross-Default Provisions: Used when multiple agreements or obligations are interconnected
5. Consumer Protection Provisions: Required when the agreement involves consumer goods or a consumer transaction
6. Insurance Requirements: Detailed insurance provisions when collateral requires specific insurance coverage
7. Priority Agreements: Include when there are multiple secured parties requiring priority arrangements
1. Schedule A - Collateral Description: Detailed itemization and description of all collateral covered by the agreement
2. Schedule B - Permitted Locations: List of locations where the collateral may be kept or used
3. Schedule C - Serial Numbered Goods: Specific identification of serial numbered goods including make, model, and serial numbers
4. Schedule D - Payment Terms: Detailed payment schedule and terms if not contained in a separate credit agreement
5. Schedule E - Prior Security Interests: List of any existing security interests or encumbrances on the collateral
6. Appendix 1 - Forms: Standard forms for notices, registrations, or other required documentation
7. Appendix 2 - Insurance Requirements: Detailed insurance specifications and requirements for different types of collateral
Financial Services
Banking
Equipment Leasing
Manufacturing
Retail
Agriculture
Transportation
Construction
Technology
Healthcare
Energy
Mining
Commercial Real Estate
Automotive
Legal
Finance
Risk Management
Credit
Compliance
Treasury
Commercial Banking
Collections
Operations
Documentation
Security Administration
Chief Financial Officer
Finance Director
Credit Manager
Risk Manager
Commercial Lending Officer
Legal Counsel
Corporate Lawyer
Compliance Officer
Treasury Manager
Asset Manager
Collections Manager
Loan Officer
Security Registration Specialist
Credit Analyst
Commercial Banking Manager
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