The Third Party Security Agreement is a fundamental document in Philippine secured transactions, used when a party (the Security Provider) agrees to provide security over their assets to secure the obligations of another party (the Debtor) to a creditor. This arrangement is common in corporate financing, real estate transactions, and various commercial scenarios where the principal debtor may not have sufficient assets to provide security. The document must comply with Philippine legal requirements, including the Civil Code, Securities Regulation Code, and relevant property laws. It typically includes detailed provisions on the security creation, perfection requirements, enforcement mechanisms, and the specific rights and obligations of all parties involved. The agreement becomes particularly important in cross-corporate guarantees, family business arrangements, or group company structures where related entities provide security for each other's obligations.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let 抖阴短视频's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the three key parties: (1) the Creditor/Secured Party, (2) the Debtor, and (3) the Third Party Security Provider
2. Background: Explains the context of the security arrangement, including reference to the primary debt obligation and the third party's willingness to provide security
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. Creation of Security Interest: Details the security interest being created and the assets being secured
5. Secured Obligations: Specifies the obligations being secured, including the primary debt and any related obligations
6. Representations and Warranties: Contains representations and warranties from the Security Provider regarding ownership, authority to grant security, and status of the secured assets
7. Covenants: Sets out ongoing obligations of the Security Provider regarding the secured assets
8. Enforcement: Details the circumstances and process for enforcing the security interest
9. Power of Attorney: Grants powers to the Secured Party to perfect or enforce the security
10. Further Assurance: Requires parties to execute additional documents and take actions necessary to perfect the security
11. Indemnification: Contains indemnification provisions protecting the Secured Party
12. Term and Termination: Specifies duration of the agreement and termination events
13. Miscellaneous: Contains standard boilerplate provisions including notices, amendments, governing law, etc.
1. Security Trustee Provisions: Required when the security is held by a trustee on behalf of multiple creditors
2. Insurance: Required when specific insurance requirements apply to the secured assets
3. Priority Arrangements: Needed when there are multiple security interests and priority needs to be established
4. Currency Provisions: Required for cross-border transactions involving multiple currencies
5. Tax Provisions: Needed when specific tax implications need to be addressed
6. Registration Requirements: Required when the security must be registered with specific government agencies
1. Schedule 1 - Description of Secured Assets: Detailed description and/or list of assets subject to the security interest
2. Schedule 2 - Form of Notice of Assignment: Template for notifying relevant parties of the security interest
3. Schedule 3 - Secured Obligations: Detailed description of the underlying obligations being secured
4. Schedule 4 - Perfection Requirements: List of actions required to perfect the security interest
5. Schedule 5 - Security Provider Details: Detailed information about the Security Provider and secured assets
6. Appendix A - Required Forms: Standard forms required for registration or perfection of security
7. Appendix B - Powers of Attorney: Forms of powers of attorney required for enforcement
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Manufacturing
Construction
Infrastructure
Energy
Telecommunications
Mining
Agriculture
Transportation and Logistics
Retail and Commercial
Healthcare
Relevant Teams
Legal
Finance
Risk Management
Compliance
Treasury
Corporate Secretarial
Credit Administration
Commercial Operations
Business Development
Security Administration
Relevant Roles
Legal Counsel
Corporate Lawyer
Finance Director
Chief Financial Officer
Risk Manager
Credit Manager
Security Trustee
Compliance Officer
Corporate Secretary
Treasury Manager
Legal Manager
Security Documentation Officer
Financial Controller
Commercial Director
Business Development Manager
Find the exact document you need
Pledge Agreement (Real Estate)
A Philippine law-governed security agreement where real property is pledged as collateral to secure a debt or obligation.
find out more
Membership Pledge Agreement
A Philippine law-governed agreement that establishes formal membership terms, rights, and obligations between an organization and its members.
find out more
Motor Vehicle Security Agreement
A Philippine law-governed agreement establishing a security interest in a motor vehicle as collateral for a loan or financial obligation.
find out more
Security Interest Contract
A Philippine law-governed agreement creating a security interest in assets to secure an obligation, subject to the Personal Property Security Act and related legislation.
find out more
Real Estate Security Agreement
A Philippine law-governed agreement creating a security interest over real property as collateral for a loan or obligation.
find out more
Personal Information Confidentiality Agreement
A Philippine law-compliant agreement establishing confidentiality obligations for handling personal information, aligned with the Data Privacy Act of 2012.
find out more
Security Agreement For Promissory Note
A Philippine law-governed security agreement that creates a security interest in collateral to secure obligations under a promissory note.
find out more
Stock Transfer Agreement Gift
A Philippine law-compliant agreement for the gratuitous transfer of corporate shares from a donor to a donee, incorporating necessary tax and regulatory requirements.
find out more
Security Deposit Agreement
A Philippine law-governed agreement establishing terms for handling, maintaining, and returning a security deposit between parties, typically used in property rental or service arrangements.
find out more
Penetration Testing Confidentiality Agreement
A Philippine-law governed agreement establishing confidentiality terms and authorized activities for cybersecurity penetration testing services.
find out more
Data Privacy Contract
A Philippine law-compliant contract governing personal data processing arrangements between parties, aligned with the Data Privacy Act of 2012.
find out more
Collateral Substitution Agreement
A Philippine law-governed agreement enabling the substitution of loan collateral while maintaining security interest continuity and regulatory compliance.
find out more
Agreement To Exclude Security Of Tenure
A Philippine law-compliant agreement that establishes fixed-term employment by excluding security of tenure provisions, subject to Labor Code requirements.
find out more
Security Agreement Contract
A Philippine law-governed agreement creating security interests over collateral to secure obligations, complying with the Personal Property Security Act.
find out more
Stock Collateral Loan Agreement
A Philippine law-governed agreement establishing terms for a loan secured by shares of stock, including collateral arrangements and enforcement mechanisms.
find out more
Stock Pledge And Security Agreement
A Philippine law-governed agreement creating a security interest over shares of stock as collateral for securing obligations.
find out more
Tri Party Collateral Agreement
A Philippine law-governed agreement establishing arrangements between three parties for the management and custody of collateral assets.
find out more
Purchase Money Security Agreement
A Philippine law-governed agreement creating a security interest in purchased property, establishing purchase terms and secured party's rights under the Personal Property Security Act.
find out more
Loan Against Shares Agreement
A Philippine law-governed agreement establishing terms for a loan secured by shares as collateral, detailing pledge arrangements and security mechanisms.
find out more
Note And Security Agreement
A Philippine law-governed agreement combining loan terms and security arrangements, establishing both debt obligations and collateral rights.
find out more
Debenture Trustee Agreement
A Philippine law-governed agreement appointing and establishing the duties of a trustee to protect debenture holders' interests in a debenture issuance.
find out more
Irrevocable Pledge Agreement
A Philippine law-governed security agreement creating an irrevocable pledge over specific assets as collateral for securing obligations.
find out more
Guaranty And Security Agreement
A Philippine law-governed agreement combining a personal guarantee with security interests in collateral to secure obligations, subject to local secured transactions laws.
find out more
Global Master Repurchase Agreement
A master agreement for repurchase transactions in the Philippines, compliant with BSP and SEC regulations, governing securities financing between financial institutions.
find out more
Equipment Security Agreement
A Philippine law-governed agreement creating security interests in equipment as collateral for loans or obligations, regulated under the Personal Property Security Act.
find out more
Auto Loan Security Agreement
A Philippine law-governed agreement creating a security interest in a financed vehicle, establishing loan terms and collateral arrangements under local banking and consumer protection regulations.
find out more
Personal Security Agreement
A legally-binding agreement under Philippine law that establishes terms and conditions for security service provision, ensuring compliance with RA 5487 and related regulations.
find out more
Omnibus Loan And Security Agreement
A Philippine law-governed agreement combining multiple loan facilities and security arrangements into a single comprehensive financing document.
find out more
Collateral Account Control Agreement
A Philippine law-governed agreement establishing control over a bank account as collateral security between an account holder, secured party, and deposit bank.
find out more
Collateral Account Agreement
A Philippine law-governed agreement establishing security over a bank account and its contents, setting out control and enforcement rights.
find out more
Chattel Security Agreement
A Philippine law-governed agreement creating security interests in personal property (chattel) to secure obligations, regulated under the Personal Property Security Act.
find out more
Account Control Agreement Collateral
A Philippine law-governed tripartite agreement establishing control over deposit accounts as collateral security, enabling perfection of security interests under local law.
find out more
Retail Installment Contract And Security Agreement
A Philippine law-governed agreement combining retail installment sales terms with security provisions for consumer goods purchases, ensuring seller protection and compliance with local consumer protection laws.
find out more
Subordinated Creditors Security Agreement
A Philippine law-governed agreement establishing security interests and creditor priorities in secured financing arrangements, regulating relationships between senior and subordinated creditors.
find out more
Personal Loan Contract With Collateral
A Philippine law-governed agreement establishing terms for a personal loan secured by collateral, including security interest provisions and regulatory compliance requirements.
find out more
Shareholder Agreement Transfer Of Shares
A Philippine law-governed agreement documenting the transfer of shares between shareholders, setting out terms, conditions, and regulatory compliance requirements.
find out more
Stock Transfer Restriction Agreement
A Philippine law-governed agreement that establishes restrictions and procedures for corporate share transfers, protecting existing shareholders' interests and maintaining ownership control.
find out more
Third Party Collateral Agreement
A Philippine law-governed agreement where a third party provides their assets as collateral to secure another party's obligations to a creditor.
find out more
Security Control Agreement
A Philippine-law governed agreement establishing security control measures and compliance requirements, ensuring alignment with local data protection and cybersecurity regulations.
find out more
Key Holding Agreement
A Philippine-compliant agreement establishing terms for professional key custody services, including security protocols and liability arrangements.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)