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1. Parties: Identification of the Secured Party and the Grantor, including their complete legal names and addresses
2. Background: Context of the security agreement, reference to any related agreements (e.g., loan agreement), and purpose of the security interest
3. Definitions: Definitions of key terms used throughout the agreement, including specific Philippine law references
4. Grant of Security Interest: Express creation and grant of the security interest by the Grantor in favor of the Secured Party
5. Collateral Description: Detailed description of the collateral subject to the security interest, meeting requirements of RA 11057
6. Secured Obligations: Description of the obligations secured by the agreement, including principal, interest, and other amounts
7. Representations and Warranties: Grantor's representations regarding ownership, authority, and status of collateral
8. Covenants: Ongoing obligations of the Grantor regarding maintenance, insurance, and use of collateral
9. Events of Default: Circumstances constituting default under the agreement
10. Enforcement Rights: Rights and remedies of the Secured Party upon default, including collection and disposition rights
11. Perfection and Priority: Requirements and procedures for perfecting the security interest and maintaining priority
12. General Provisions: Standard contract provisions including governing law, notices, amendments, and severability
13. Execution: Signature blocks and notarial requirements
1. Control Agreements: Required when collateral includes deposit accounts or investment property requiring control agreements with third parties
2. Insurance Requirements: Detailed insurance provisions when collateral requires specific insurance coverage
3. Third Party Consents: Required when security interest requires consent from third parties or government authorities
4. Registration Requirements: Specific provisions for registration when collateral requires special registration (e.g., vehicles, intellectual property)
5. Intercreditor Provisions: Required when there are multiple secured creditors and priority arrangements need to be addressed
6. Special Collateral Provisions: Specific provisions for unique types of collateral such as intellectual property, receivables, or inventory
1. Schedule A - Collateral Description: Detailed itemization and description of all collateral covered by the agreement
2. Schedule B - Permitted Liens: List of pre-existing or permitted encumbrances on the collateral
3. Schedule C - Locations of Collateral: List of all locations where collateral is or will be kept
4. Schedule D - Intellectual Property: Detailed list of any intellectual property included as collateral
5. Schedule E - Required Filings: List of all required filings and registrations for perfection
6. Appendix 1 - Form of Notice: Standard form for notices required under the agreement
7. Appendix 2 - Form of Acknowledgment: Form of acknowledgment for third party consents or control agreements
Banking
Financial Services
Real Estate
Manufacturing
Agriculture
Technology
Retail
Construction
Energy
Transportation
Healthcare
Mining
Telecommunications
Legal
Finance
Compliance
Risk Management
Corporate Banking
Credit Administration
Operations
Corporate Secretariat
Treasury
Documentation
Legal Counsel
Corporate Lawyer
Finance Manager
Credit Risk Officer
Compliance Officer
Commercial Banking Officer
Chief Financial Officer
Security Trustee
Loan Officer
Corporate Secretary
Risk Manager
Transaction Manager
Legal Director
Banking Operations Manager
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