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1. Parties: Identifies all parties to the agreement including the security provider, secured party, and debtor
2. Background: Sets out the context of the security arrangement and relationship between parties
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles
4. Grant of Security: Details the security interest being created and secured assets
5. Representations and Warranties: Security provider's confirmations about ownership and capacity
6. Covenants: Ongoing obligations of the security provider
7. Enforcement: Rights and remedies upon default
8. Power of Attorney: Appointment of secured party as attorney for enforcement purposes
1. Further Assurance: Additional actions required to perfect security - used in complex security arrangements or multiple jurisdictions
2. Rights of the Security Provider: Continuing rights to deal with secured assets - used when security provider needs specific permissions to continue business
3. Costs and Expenses: Allocation of costs related to the security - used when specific cost arrangements needed
1. Schedule of Secured Assets: Detailed list and description of assets subject to security
2. Form of Notices: Template notices to perfect security (e.g., for bank accounts, insurance)
3. Powers of Attorney: Detailed powers granted to secured party
4. Form of Security Provider Resolutions: Template corporate authorizations
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