Canada Postponement Agreement under PPSA

Use this template to prepare a Postponement Agreement for Canada, between a borrower, a previous lender and a current lender. The parties agree to postpone the previous lender's security to the new lender's security, notwithstanding that the previous lender is a secured creditor under the Personal Property Security Act (PPSA).

This Canada Postponement Agreement under PPSA is in MS Word format, and is easy to download and use.