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ISDA International Swaps and Derivatives Association, Inc. PARAGRAPH 13 to CREDIT SUPPORT ANNEX to the ISDA MASTER AGREEMENT effective as of, 2009between (Party A)southern CALIFORNIA EDISON COMPANY
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A security interest for obligations is a legal right granted by a debtor to a creditor over the debtor's property to secure the payment of a debt or performance of some other obligation.
Typically, creditors or lenders who have a security interest in a debtor's property are required to file the security interest with the relevant government authority to establish priority and protect their interest.
To fill out a security interest for obligations, creditors must provide information about the debtor, the property subject to the security interest, the amount of the debt or obligation secured, and any other relevant details. This information is usually submitted on a specific form provided by the government authority.
The purpose of a security interest for obligations is to create a legal right for a creditor to seize and sell the debtor's property in the event of default, ensuring that the creditor can recover the amount owed.
Information that must be reported on a security interest for obligations typically includes details about the debtor, the secured property, the amount of the debt, the terms of the security interest, and any other relevant information required by the governing jurisdiction.
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