CANADA

Document your security interest in a borrower's property with this Accounts Receivable Security Agreement template for Canadian lenders.

• The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
• The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
• The form is governed by Canadian laws and can be used in any province or territory which has Personal Property Security Act legislation.
• Buy and download the template in MS Word format. Other formats available on request.

Secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement for Canadian lenders.

• The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
• The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
• The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a demand in writing to the tenants to pay the rents to the assignee.
• The agreement stays in effective until all of the monies due under the mortgage have been paid in full.
• An Assignment of Rents Agreement is a good means of obtaining additional security for performance under a loan agreement. You can download it immediately following purchase.
• This form is governed by the laws of Canada.

When you sell inventory on credit to a distributor, make sure you protect your security interest in those goods until you're paid in full under this Purchase Money Security Agreement for BC.

• The contract attaches a purchase money security interest (PMSI) to the goods being sold, which then become collateral under the Agreement.
• The supplier (secured party) extends credit to the customer (debtor) for the purchase of the inventory, and the debtor agrees to pay the purchase amount in a series of instalment payments.
• In return for being allowed to pay over time, the debtor grants the secured party a PMSI over the goods and over the proceeds that will be realized from the goods.
• This is a downloadable legal form intended for use in the Province of British Columbia, Canada.

Use this customizable Business Loan Application for clients that are applying for loan funding for an existing or start-up business in Canada.The applicant must provide information about:

• the corporate structure and history of the business;
• the guarantors of the loan;
• the purpose of the loan and terms of repayment;
• what is being used as collateral;
• the financial status of borrower, assets, income, debts and liabilities, including copies of financial statements;
• the business experience of the owners.

You can download a copy of the Canada Business Loan Application immediately after you purchase it.

Recoup money owed to you by a debtor from a sale of assets by serving this Canada Demand for Satisfaction from Proceeds of Sale on the party selling the collateral.

• The demand is given by a secured party to another secured party who is undertaking a sale of a debtor's assets.
• The party making the demand has no security interest in the items being sold, but is owed money under a loan agreement, mortgage, etc. by the debtor whose assets are being sold.
• This legal form can be used in any Canadian province or territory.
• This form is available as a downloadable MS Word document.

Have a borrower sign over their book debts to secure the loan funding with this General Assignment of Book Debts template for Canada.

• The borrower assigns its book debts and accounts to the lender as general continuing collateral security for a commercial loan or credit facilities provided by the lender.
• The assignment gives the lender the right to collect, demand payment, sue, enforce, receive and recover the borrower's book debts.
• Available in MS Word format.
• Intended to be used only in Canada.

Before loaning money to a borrower, obtain an assignment of rental and lease income from their rental properties with this downloadable template for Canadian lenders.

• The borrower assigns to the lender the amount of all rents and leases payable by the tenants in any rental property owned by the borrower.
• The assignment is given as security for a mortgage loan or other monies being advanced to the borrower by the lender.
• The tenants will continue to pay the rent to the borrower unless and until the lender gives a written demand for it. This would only happen if the borrower defaults.
• The lender does not have any liability or obligation under the lease.
• The Assignment of Rents and Leases can be used in any Canadian province or territory except Quebec.
• Every commercial loan in Canada should include a General Assignment of Rents and Leases as part of its paperwork. Download the form today.

Secure a loan or line of credit with this General Security Agreement for Canadian lenders.

• The borrower grants the lender a security interest in all of the borrower's personal property (inventory, equipment, accounts and book debts), and all income and proceeds from that personal property.
• The General Security Agreement secures payment and performance of all of the borrower's present and future indebtedness to the lender, including the lender's costs of enforcing the Agreement.
• The borrower agrees to protect and preserve the collateral property, to keep it in good condition and repair, to pay all taxes and charges levied against it, and to keep it fully insured.
• So long as the borrower is not in breach of its obligations, the borrower retains possession of the collateral and can use it in the ordinary course of its business.
• This legal document template is intended for use only in Canada.

Extend credit to your customers and secure payment of your accounts with this customizable Inventory Security Agreement for Canadian suppliers.

• The Agreement covers the customer's purchase of inventory, parts and accessories from the supplier.
• The supplier is given a security interest over all of the customer's present and future inventory, accounts, assets and property.
• Title to all inventory supplied remains with the supplier until the customer has paid in full.
• The customer may only sell the goods in the ordinary course of its business.
• This legal contract template is downloadable and editable to fit your business needs.
• Governed by Canadian laws and intended for use only in Canada.

Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.

• The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
• The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
• If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
• Available in MS Word format.
• Intended to be used only in Canada.

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor and make sure you get repaid with this Canada Loan Security Forms Package.

The package contains the following forms:

1. General Security Agreement,
2. Unconditional Guarantee and Postponement of Claim,
3. Promissory Note to be executed by the borrower.

Don't run the risk of having a customer fail to honour its payment obligations. Get the Canada Loan Security Forms Package for your business.

Secure a commercial loan to a business with this fully editable template mortgage form for Canadian lenders.

• The mortgage will be registered against the title to property owned by the borrower, to secure repayment of a commercial loan or other credit facility.
• Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
• The mortgage contains additional clauses for condominium properties.
• This downloadable legal template can be used in most provinces and territories of Canada except Quebec.

Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.

• The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
• The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
• The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
• This template can be used in any province or territory of Canada except Quebec.
• The legal form template is downloadable and fully editable.

Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.

• The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
• This form can be used in any province or territory of Canada which has a Personal Property Security Act.
• Available in MS Word format.

Give notice of a purchase money security interest in inventory with this template form for Canadian businesses.

• The Notice is given by a supplier to other creditors of a customer to whom the supplier has sold inventory on credit, using the goods as collateral.
• The Notice should be sent to any creditor who also has a security interest in the customer's inventory.
• The supplier notifies the other creditors that its security interest may take priority over theirs.
• This Notice form is available in MS Word format.
• Intended for use only in Canada, pursuant to Personal Property Security Act legislation.

Prepare a Notice of Transfer of Collateral by Debtor with this template form for Canadian loan transactions.

• This form of notice is given by a debtor (borrower) to a secured party (lender), that the debtor has transferred or intends to transfer certain collateral over which the lender holds a security interest.
• This Notice form is available in MS Word format.
• Intended for use only in Canada, pursuant to Personal Property Security Act legislation.

Prepare a Notice to Account Debtor of Default of Principal Debtor with this template form for Canadian lenders.

• The notice is given by a lender to an account debtor (a party who owes money to a borrower) that the borrower has defaulted in paying its indebtedness to the lender.
• The notice instructs the account debtor to repay the money it owes the borrower to the lender instead.
• This Notice form is available in MS Word format.
• Intended for use only in Canada.

Prepare a Chattel Mortgage for a loan transaction in Nova Scotia with this downloadable template.

• The Chattel Mortgage is being granted by a borrower to a lender as security for a loan.
• The borrower will retain possession of the chattels and will pay all expenses related thereto, including taxes, repair costs, license fees, etc.
• The promissory note is included with the mortgage form.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.

• The borrower (mortgagor) will continue to hold the land and is responsible for paying all taxes, rates and assessments levied against the land.
• The borrower is responsible for insuring the buildings on the land for full insurable value.
• If the borrower defaults, the lender has the right to appoint a receiver of the property.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Assign your interest in a debt and its underlying security with this Assignment of Debt and Security form for the Province of Ontario.

• The assignor (creditor) holds a security interest over the property and assets of a debtor as security for a loan.
• The assignor assigns and transfers the security interest to another party who is purchasing all of the assignor's interest in the debt and the security.
• This type of assignment is often part of a sale of a business that extends credit to its customers.

The Ontario Assignment of Debt and Security is available as a downloadable and fully editable MS Word document.

This General Assignment of Rents template is for lenders in Ontario to obtain additional security for the repayment of a borrower's debt.

• Under the Assignment a corporate borrower (debtor) assigns to the lender all rents, income and revenue from a mortgaged property, as security for a loan or line of credit being advanced to the borrower by the lender.
• The borrower agrees not to accept prepayment of the rents or to further assign or encumber the rents or the leases.
• The borrower may continue to receive the rents unless it is in default under the Assignment. In that event, the rents must be paid to the lender.
• The lender has the right to enter the property and collect the rent, enforce the lease or maintain the property.

If you lend money or extend credit facilities in Ontario, you should have a copy of the General Assignment of Rents as part of your documentation package.

Ontario lenders, prepare a General Security Agreement with this comprehensive template form.

• The borrower grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts and book debts, and all proceeds therefrom.
• The interest is being granted to the lender as security for loan financing, operating lines, or other credit facilities advanced by the lender to the borrower.
• The Security Agreement is governed by the Ontario Personal Property Security Act.
• This document is available as a fully editable MS Word template form.

Prepare a Loan Agreement for a non-revolving loan for bridge financing with this downloadable template for Ontario.

• This type of loan agreement is typically used for construction projects.
• Advances will be made as and when needed, up to a maximum amount.
• Interest will be calculated daily based on the principal balance outstanding, not compounded.
• Principal may be repaid at any time with no prepayment penalty.
• All outstanding principal and interest becomes due upon completion of the project.
• This legal contract template is available as a downloadable and fully editable MS Word template.
• Intended for use only in the Province of Ontario, Canada.

Use this ready-made template to draw up a Loan Agreement for a non-revolving term loan with royalty payments.

• This is an Ontario legal document.
• The loan is a non-revolving term loan, to be advanced in a single payment.
• The loan bears no interest until default. Instead of interest, the borrower will pay a percentage of its net revenues to the lender as a royalty (exclusive of loan advances).
• All payments are applied to interest first.

Protect your creditor rights with this Purchase Money Security Agreement for Ontario suppliers.

• The contract is made pursuant to provincial Personal Property Security Act legislation.
• The parties to the Agreement are a customer (debtor) and a supplier (secured party).
• The supplier extends credit to the debtor for the purchase of goods under a specific purchase order.
• In return for the credit, the debtor grants the supplier a first, fixed, specific purchase money security interest in the goods and in the proceeds therefrom.
• This legal contract form is a fully editable Microsoft Word template.
• Intended for use only in the Province of Ontario, Canada.

Provide revolving credit facilities to a corporate borrower with this Revolving Credit Agreement for Ontario lenders.

• The Agreement allows the borrower to borrow and reborrow funds up to a stated maximum amount.
• The purpose of the credit facility is to finance the borrower's general operations, and the borrower agrees not to use the funds for any other purpose.
• The borrower grants the lender a first priority security interest over all of the borrower's personal property, and a guarantee and postponement of claim from a principal of the borrower, as security for repayment.
• Representations and warranties from both the borrower and the guarantor, including environmental warranties.
• The guarantor must maintain a specified ratio of current assets to current liabilities, and of total liabilities to tangible net worth.
• The total amount due may be repaid without penalty at any time.
• This legal document is intended for use in the Province of Ontario, Canada.

Obtain a pledge of securities from a borrower under this Share Pledge Agreement, pursuant to the provisions of the Ontario Personal Property Security Act.

• A borrower pledges shares of stock to a lender, to be held as security for a loan that the lender is making to the borrower.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.
• This form is a fully customizable legal template that you can use as often as you need to.
• Intended for use only in the Province of Ontario, Canada.

Prepare a Share Pledge Agreement with No Recourse with this template form, pursuant to the provisions of the Ontario Personal Property Security Act.

• A shareholder pledges shares of stock to a lender, to be held as security for a loan that the lender is making to a borrower that is a related party to the shareholder.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The shareholder has no liability for any shortfall between the balance of the debt owing and any proceeds realized from dealing with the shares, and the lender has no recourse against the shareholder for such shortfall.
• The shareholder is not a guarantor, surety or indemnifier.
• This legal form template is available in MS Word format.
• Intended for use in the Province of Ontario, Canada.

Subordinate the security interest of an existing lender to a new lender under the terms of this Postponement Agreement for Canadian provinces with PPSA legislation.

• The parties to the Agreement are (i) a borrower, (ii) the borrower's new lender, and (iii) a previous lender who is still owed money by the borrower.
• The first lender agrees to postpone its security to the new lender's security, notwithstanding that the previous lender is a secured creditor.
• The purpose of the Agreement is to induce the new lender to provide the borrower with loan financing, a line of credit, or other type of borrowing arrangement.
• This legal contract is available in MS Word format and is easy to download and use.
• The Postponement Agreement can be used in any province or territory in Canada which has a Personal Property Security Act.

Renounce your interest in a fixture which a corporate debtor has used as collateral for a loan or credit facility with this Renunciation of Interest in Fixture form for Canadian lenders.

• This form of notice is given by a secured party to give up its security interest in a defaulting debtor's fixture after the outstanding debt has been paid by another party who also has an interest in the fixture (such as a landlord).
• This form can be used in any Canadian province or territory.
• The form is a downloadable Microsoft Word document.

Renounce your rights in assets you used as collateral for a loan with this Renunciation of Rights in Collateral form, for use in Canada.

• The Notice is given by a defaulting debtor to the lender who has a security interest in the assets..
• The debtor renounces all rights it has in the collateral, and turns the collateral over to the lender, as secured party.
• This form can be used in any Canadian province or territory.
• The Canada Renunciation of Rights in Collateral template is a downloadable Microsoft Word document.

Under the terms of this Share Pledge Agreement for Canadian lenders, a borrower pledges shares to the lender as security for the loan.

• The lender will keep possession of the shares until the loan is repaid.
• The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.
• This legal form can be used in any Canadian province or territory.

Download the Canada Share Pledge Agreement (Loan Security) for your loans department.