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1. Parties: Identifies and provides full details of the Secured Party (creditor) and Debtor
2. Background: Establishes the context of the purchase and the basis for the security interest
3. Definitions: Defines key terms used throughout the agreement
4. Grant of Security Interest: Formal creation of the security interest in the collateral
5. Description of Collateral: Detailed description of the property serving as collateral
6. Purchase Money Security Interest: Specific provisions establishing the PMSI nature of the security interest
7. Purchase Price and Payment Terms: Details of the purchase price, payment schedule, and related terms
8. Representations and Warranties: Statements of fact and guarantees by the Debtor regarding the collateral and their authority
9. Debtor's Obligations: Ongoing obligations to maintain, insure, and protect the collateral
10. Default Provisions: Definition of events of default and consequences
11. Enforcement Rights: Secured Party's rights and remedies upon default
12. Notices: Requirements for formal communications between parties
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. General Provisions: Standard boilerplate provisions including amendments, waiver, and severability
1. Insurance Requirements: Detailed insurance obligations when the collateral requires specific insurance coverage
2. Third Party Consents: Required when third party approvals are needed for the security interest
3. Tax Provisions: Specific tax-related provisions when tax implications need to be addressed
4. Registration and Filing: Special provisions for registration requirements when dealing with specific types of collateral
5. Subordination Provisions: Required when there are multiple security interests or lenders involved
6. Cross-Collateralization: Used when the security interest extends to other obligations
7. Consumer Protection Provisions: Required when the debtor is a consumer rather than a business
8. Foreign Currency Provisions: Needed when the purchase price is in a currency other than Philippine Peso
1. Schedule A - Collateral Description: Detailed technical description of the collateral including serial numbers, locations, and specifications
2. Schedule B - Payment Schedule: Detailed breakdown of payment amounts, dates, and terms
3. Schedule C - Permitted Locations: List of locations where the collateral may be kept or used
4. Schedule D - Existing Liens: List of any pre-existing liens or encumbrances on the collateral
5. Appendix 1 - Registration Forms: Forms required for registering the security interest with appropriate authorities
6. Appendix 2 - Insurance Requirements: Detailed insurance specifications and requirements
7. Appendix 3 - Maintenance Requirements: Specific maintenance and upkeep requirements for the collateral
8. Appendix 4 - Form of Notices: Standard forms for various notices required under the agreement
Banking and Financial Services
Manufacturing
Automotive
Heavy Equipment
Construction
Agriculture
Industrial Equipment
Retail
Technology and Electronics
Transportation and Logistics
Real Estate
Mining and Resources
Small and Medium Enterprises
Consumer Goods
Legal
Finance
Treasury
Credit and Collections
Risk Management
Procurement
Operations
Compliance
Corporate Secretarial
Business Development
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Credit Manager
Risk Manager
Treasury Manager
Procurement Manager
Operations Director
Contract Administrator
Compliance Officer
Financial Controller
Business Development Manager
Asset Manager
Collections Manager
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