General Security Agreement - Limited

Often the Lender of a loan will want some additional assurance, usually in the form of collateral, in case the Borrower fails to repay the loan. To ensure that that collateral is collectible in the case of a default, the parties will often enter into another agreement—a security agreement. A security agreement sets out the rights of the Lender with regard to the collateral. Please note that you must register this Agreement in accordance with Provincial Legislation. (continued ...)