Perfection Certificate

Summary

This template Perfection Certificate is used by a collateral agent to request information from a borrower or grantor of collateral in a secured lending transaction and assists in understanding the grantor's assets prior to closing and in perfecting security interests in the collateral. This template includes practical guidance and drafting notes. Also known as a Collateral Information Certificate or Collateral Questionnaire, this template contemplates a deal structure with a borrower and subsidiary grantors, but should be conformed to the specific transaction. Pro-collateral agent alternate clause terms ensure that all actions are included to protect the collateral agent's interests in the collateral. For additional information, see the Closing Process Resource Kit, and Closing Process Fundamentals and Deliverables. For a full listing of key content covering finance fundamentals, see Finance Fundamentals Resource Kit. For a full listing of key content that provides an overview of the creation, perfection, and priority of security interests under the Uniform Commercial Code (UCC), see Security Interests Resource Kit. For a full listing of key content covering asset-based lending, including agreements, security, guaranties, perfection, and priorities, see Asset-Based Lending Resource Kit. For a full listing of key content covering due diligence for financing, see Due Diligence for Financing Resource Kit.