Security Assignment Agreement Template for Canada

1. Control Agreement Provisions: Required when security includes deposit accounts or investment property requiring control agreements

2. Assignment of Insurance: Used when insurance policies are part of the assigned collateral

3. Third Party Consents: Required when assignment of certain assets requires third party consent

4. Priority Arrangements: Needed when there are multiple secured parties requiring subordination or intercreditor arrangements

5. Currency Provisions: Required for cross-border transactions involving multiple currencies

6. Tax Provisions: Detailed tax provisions needed for assignments that may have significant tax implications

7. Power of Attorney: Optional provision granting secured party power to execute documents on assignor's behalf

1. Description of Assigned Assets: Detailed description or list of assets subject to the security assignment

2. Form of Notice of Assignment: Template notice to be sent to relevant third parties regarding the assignment

3. Form of Acknowledgment: Template acknowledgment to be obtained from relevant third parties

4. Existing Security Interests: List of permitted security interests or prior charges on the assigned assets

5. Specified Accounts: Details of relevant bank accounts or securities accounts

6. Required Registrations: List of required registrations and filings in relevant jurisdictions

7. Form of Compliance Certificate: Template for periodic confirmation of compliance with agreement terms