Collateral Sharing Agreement Template for Canada

1. Future Secured Parties: Procedures for adding new secured parties to the agreement - include when future financing is contemplated

2. Intercreditor Provisions: Detailed provisions governing relationships between different classes of creditors - include when there are different priority levels

3. Special Asset Provisions: Specific provisions for particular types of collateral (e.g., real estate, intellectual property) - include when such assets are part of security

4. Bankruptcy/Insolvency Provisions: Special provisions governing rights in bankruptcy - include for complex multi-creditor arrangements

5. Quebec Security Provisions: Special provisions for Quebec security interests - include if any collateral or parties are in Quebec

6. Currency Provisions: Provisions handling multiple currencies - include for cross-border arrangements

7. Subordination Provisions: Detailed subordination terms - include when certain debt is to be subordinated

8. Purchase Option: Rights of parties to purchase others' interests - include when requested by major creditors

1. Schedule A - Secured Parties: List of all secured parties and their commitment amounts/percentages

2. Schedule B - Security Documents: Comprehensive list of all security documents subject to the sharing arrangement

3. Schedule C - Shared Collateral: Detailed description of all collateral subject to the sharing arrangement

4. Schedule D - Form of Accession Agreement: Standard form for adding new secured parties to the agreement

5. Schedule E - Notice Details: Contact information and notice details for all parties

6. Schedule F - Decision Making Procedures: Detailed procedures for secured party voting and decision making

7. Schedule G - Distribution Waterfall: Detailed order of priority for distributing enforcement proceeds

8. Schedule H - Agent Fee Schedule: Fee structure for the collateral agent if applicable