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1. Parties: Identification of the security provider and security taker/creditor
2. Background: Context of the security arrangement and reference to the underlying facility/credit agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Grant of Security Interest: Core provision creating the security interest over the collateral
5. Secured Obligations: Definition and scope of the obligations being secured
6. Representations and Warranties: Security provider's confirmations regarding ownership, authority, and status of collateral
7. Covenants: Ongoing obligations of the security provider regarding the collateral
8. Perfection Requirements: Actions required to perfect the security interest including registration
9. Events of Default: Circumstances triggering enforcement rights
10. Enforcement: Rights and remedies upon default
11. Power of Attorney: Appointment of security taker as attorney for enforcement purposes
12. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Further Assurance: Additional undertakings to perfect or protect the security - used for complex collateral structures
2. Insurance: Insurance requirements for physical collateral - included when collateral includes tangible assets
3. Collection Account: Provisions for collection and management of receivables - used when collateral includes receivables
4. Control Agreement Provisions: Required when collateral includes bank accounts or investment property
5. Intellectual Property Provisions: Specific provisions for IP collateral - used when security includes intellectual property rights
6. Priority Arrangements: Used when there are multiple security interests or intercreditor arrangements
1. Schedule 1 - Description of Collateral: Detailed description and/or list of all assets subject to the security interest
2. Schedule 2 - Secured Obligations: Detailed description of the secured obligations including facility agreements
3. Schedule 3 - Perfection Requirements: List of specific actions required to perfect the security interest
4. Schedule 4 - Forms: Standard forms including notice to debtors, registration forms, etc.
5. Schedule 5 - Existing Security Interests: List of any existing security interests affecting the collateral
6. Appendix A - Required Filings: List of all necessary filings with governmental authorities
7. Appendix B - Relevant Contracts: Copies or details of relevant underlying contracts
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