California 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. A California General Security Agreement is a legal agreement that grants a secured party a secured interest in the collateral provided by the debtor as security for a loan or other forms of indebtedness. This agreement is crucial for protecting the rights of the secured party in case the debtor defaults on their obligations. The secured interest provided by the California General Security Agreement extends to a wide range of collateral, including but not limited to real estate, personal property, inventory, equipment, accounts receivable, and intellectual property. It encompasses both tangible and intangible assets held by the debtor. There are various types of California General Security Agreement granting secured party secured interest based on the specific circumstances and needs of the parties involved. Some common types are: 1. Real Estate Security Agreement: This type of agreement focuses on providing security for loans or debts related to real property, such as land, buildings, or other immovable assets. 2. Chattel Security Agreement: This agreement pertains to securing loans or debts by using movable assets like furniture, machinery, vehicles, or other personal property. 3. Accounts Receivable Security Agreement: In this type of agreement, the secured party obtains a secured interest in the debtor's accounts receivable, which serves as collateral for the loan or debt. 4. Intellectual Property Security Agreement: This agreement applies to securing loans or debts using intellectual property assets, such as patents, trademarks, copyrights, or trade secrets. 5. Inventory Security Agreement: An agreement specifically designed to secure loans or debts by using the debtor's inventory as collateral. The California General Security Agreement granting secured party secured interest is a fundamental legal tool that provides protection and assurance to both the debtor and the secured party. It outlines the rights and obligations of each party, specifies the collateral, describes the payment terms, and defines the remedies in case of default or breach of the agreement. Overall, the California General Security Agreement serves as a vital instrument in facilitating financial transactions and ensuring the stability and integrity of the lending process in various business contexts. It is crucial for all parties involved to understand the terms and conditions of this agreement, as it can have significant implications for their rights and obligations.

A California General Security Agreement is a legal agreement that grants a secured party a secured interest in the collateral provided by the debtor as security for a loan or other forms of indebtedness. This agreement is crucial for protecting the rights of the secured party in case the debtor defaults on their obligations. The secured interest provided by the California General Security Agreement extends to a wide range of collateral, including but not limited to real estate, personal property, inventory, equipment, accounts receivable, and intellectual property. It encompasses both tangible and intangible assets held by the debtor. There are various types of California General Security Agreement granting secured party secured interest based on the specific circumstances and needs of the parties involved. Some common types are: 1. Real Estate Security Agreement: This type of agreement focuses on providing security for loans or debts related to real property, such as land, buildings, or other immovable assets. 2. Chattel Security Agreement: This agreement pertains to securing loans or debts by using movable assets like furniture, machinery, vehicles, or other personal property. 3. Accounts Receivable Security Agreement: In this type of agreement, the secured party obtains a secured interest in the debtor's accounts receivable, which serves as collateral for the loan or debt. 4. Intellectual Property Security Agreement: This agreement applies to securing loans or debts using intellectual property assets, such as patents, trademarks, copyrights, or trade secrets. 5. Inventory Security Agreement: An agreement specifically designed to secure loans or debts by using the debtor's inventory as collateral. The California General Security Agreement granting secured party secured interest is a fundamental legal tool that provides protection and assurance to both the debtor and the secured party. It outlines the rights and obligations of each party, specifies the collateral, describes the payment terms, and defines the remedies in case of default or breach of the agreement. Overall, the California General Security Agreement serves as a vital instrument in facilitating financial transactions and ensuring the stability and integrity of the lending process in various business contexts. It is crucial for all parties involved to understand the terms and conditions of this agreement, as it can have significant implications for their rights and obligations.