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    Alberta Purchase Money Security Agreement


    Secure payment for inventory sold on credit to a customer with this Purchase Money Security Agreement for the Province of Alberta.

    • The customer (debtor) grants the supplier (secured party) a purchase money security interest in the secured goods and proceeds from the sale of the goods.
    • The debtor must keep the collateral free of any other liens or security interests ranking equal to or in priority to the secured party's interest.
    • The debtor can only sell the secured goods in the ordinary course of business.
    • If the debtor defaults in payment, the secured party has the right (among other remedies) to appoint a receiver-manager over the collateral.
    • This legal contract is prepared in accordance with the Personal Property Security Act.
    • Available in MS Word format.
    • Intended to be used only in the Province of Alberta, Canada.
    Download Type: Microsoft Word
    Last Updated: 13-September-2022
    SKU: 3909