This is a standard form of security agreement to be used in connection with a syndicated loan agreement. It is intended to create a security interest over all assets of the grantors that are covered by UCC Article 9. The grantors are usually the borrower, its parent and its subsidiaries. The grantors typically enter into the security agreement with a collateral agent, which is acting on behalf of lenders under a syndicated loan agreement. This form can also be used for one lender. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.