Arizona General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9496
• Format: Word; Rich Text

Description

General Security Agreement between U.S. Wireless Data, Inc. and ComVest Capital Management, LLC regarding granting secured party secured interest dated December 30, 1999. 18 pages. The Arizona General Security Agreement (GSA) is a legally binding document that grants the secured party a secured interest in collateral provided by the debtor. This agreement ensures that the secured party has priority over other creditors in case of default by the debtor. A detailed understanding of the Arizona GSA is crucial for lenders, borrowers, and other parties involved in secured transactions. The primary purpose of the Arizona GSA is to establish a security interest in both tangible and intangible assets. By executing this agreement, the debtor grants the secured party the right to take possession or control of the collateral if the debtor fails to meet their obligations. This gives the secured party a mechanism to recover its investment or secure repayment from the proceeds of the collateral. In Arizona, there are several types of General Security Agreements granting secured party secured interest depending on the nature of the collateral involved. These can include: 1. Real Estate Security Agreement: This type of GSA grants the secured party a secured interest in real property or interests related to real estate. It enables lenders to secure loans using mortgages or other real estate-related collateral. 2. Personal Property Security Agreement: This agreement is used for movable or personal property collateral. It covers assets such as equipment, inventory, accounts receivable, intellectual property, and more. 3. Accounts Receivable Security Agreement: This GSA type secures the secured party's interest in the accounts receivable of the debtor. It grants the secured party priority in recovering outstanding payments owed to the debtor. 4. Intellectual Property Security Agreement: Intellectual property, comprising patents, trademarks, copyrights, and trade secrets, can be secured using this GSA. It allows the secured party to protect their interest in these assets. 5. Investment Securities Security Agreement: This type of GSA covers securities such as stocks, bonds, mutual funds, and other investment assets. It grants the secured party the right to take control of these securities if the debtor defaults. The Arizona General Security Agreement granting secured party secured interest is a critical legal instrument that protects creditors and lenders. By establishing a secured interest in collateral, it helps ensure that rightful parties can recover their investments in case of default. Familiarity with the various types of security agreements available in Arizona is crucial for selecting the appropriate agreement based on the specific collateral involved.

The Arizona General Security Agreement (GSA) is a legally binding document that grants the secured party a secured interest in collateral provided by the debtor. This agreement ensures that the secured party has priority over other creditors in case of default by the debtor. A detailed understanding of the Arizona GSA is crucial for lenders, borrowers, and other parties involved in secured transactions. The primary purpose of the Arizona GSA is to establish a security interest in both tangible and intangible assets. By executing this agreement, the debtor grants the secured party the right to take possession or control of the collateral if the debtor fails to meet their obligations. This gives the secured party a mechanism to recover its investment or secure repayment from the proceeds of the collateral. In Arizona, there are several types of General Security Agreements granting secured party secured interest depending on the nature of the collateral involved. These can include: 1. Real Estate Security Agreement: This type of GSA grants the secured party a secured interest in real property or interests related to real estate. It enables lenders to secure loans using mortgages or other real estate-related collateral. 2. Personal Property Security Agreement: This agreement is used for movable or personal property collateral. It covers assets such as equipment, inventory, accounts receivable, intellectual property, and more. 3. Accounts Receivable Security Agreement: This GSA type secures the secured party's interest in the accounts receivable of the debtor. It grants the secured party priority in recovering outstanding payments owed to the debtor. 4. Intellectual Property Security Agreement: Intellectual property, comprising patents, trademarks, copyrights, and trade secrets, can be secured using this GSA. It allows the secured party to protect their interest in these assets. 5. Investment Securities Security Agreement: This type of GSA covers securities such as stocks, bonds, mutual funds, and other investment assets. It grants the secured party the right to take control of these securities if the debtor defaults. The Arizona General Security Agreement granting secured party secured interest is a critical legal instrument that protects creditors and lenders. By establishing a secured interest in collateral, it helps ensure that rightful parties can recover their investments in case of default. Familiarity with the various types of security agreements available in Arizona is crucial for selecting the appropriate agreement based on the specific collateral involved.