Colorado Security Agreement between Jon H. Rowberry and Franklin Covey Company

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9055
• Format: Word; Rich Text

Description

Security Agreement between Jon H. Rowberry and Franklin Covey Company dated September 23, 1999. 3 pages The Colorado Security Agreement is a legal document that outlines the terms and conditions of an agreement between Jon H. Row berry and Franklin Covey Company in Colorado, pertaining to security interests granted by Row berry to the company. This agreement is designed to protect the interests of both parties involved and ensure that obligations are fulfilled. The agreement typically includes specific details about the collateral that Row berry is offering as security, which can include assets such as real estate, personal property, stocks or bonds, bank accounts, and any other valuable assets owned by Row berry. This collateral acts as a guarantee for the obligations or debts owed by Row berry to Franklin Covey Company, which can arise from loans, credit lines, or any other financial agreement between the two parties. In addition to the collateral, the Colorado Security Agreement specifies the conditions under which the security interests can be enforced by Franklin Covey Company. This usually includes situations where Row berry defaults on his obligations, fails to make required payments, or breaches any other terms of the agreement. The document also outlines the procedures that Franklin Covey Company must follow to enforce its security interests, which may involve taking possession of the collateral, selling it, or applying its proceeds towards the outstanding debts. It's worth mentioning that there can be different types or variations of Colorado Security Agreement between Jon H. Row berry and Franklin Covey Company. Some common types may include: 1. Real Estate Security Agreement: This type of agreement specifically focuses on security interests related to real estate properties owned by Row berry. It outlines the details of the property, including its location, description, and any liens or encumbrances on the property. 2. Personal Property Security Agreement: This agreement involves security interests related to personal property assets, such as vehicles, equipment, inventory, or any movable property owned by Row berry. It lists the specific assets offered as collateral and may detail any existing liens on the assets. 3. Financial Security Agreement: This type of agreement pertains to security interests granted on financial assets, such as stocks, bonds, investment accounts, or any other financial instrument owned by Row berry. It enumerates the specific assets offered as security and may include information about transfer restrictions or limitations on these assets. By establishing a Colorado Security Agreement, both parties can protect their respective interests and ensure compliance with the agreed-upon obligations. It provides a legally binding framework to handle any potential defaults or breaches, while also safeguarding the rights of both Jon H. Row berry and Franklin Covey Company during the course of their business relationship.

The Colorado Security Agreement is a legal document that outlines the terms and conditions of an agreement between Jon H. Row berry and Franklin Covey Company in Colorado, pertaining to security interests granted by Row berry to the company. This agreement is designed to protect the interests of both parties involved and ensure that obligations are fulfilled. The agreement typically includes specific details about the collateral that Row berry is offering as security, which can include assets such as real estate, personal property, stocks or bonds, bank accounts, and any other valuable assets owned by Row berry. This collateral acts as a guarantee for the obligations or debts owed by Row berry to Franklin Covey Company, which can arise from loans, credit lines, or any other financial agreement between the two parties. In addition to the collateral, the Colorado Security Agreement specifies the conditions under which the security interests can be enforced by Franklin Covey Company. This usually includes situations where Row berry defaults on his obligations, fails to make required payments, or breaches any other terms of the agreement. The document also outlines the procedures that Franklin Covey Company must follow to enforce its security interests, which may involve taking possession of the collateral, selling it, or applying its proceeds towards the outstanding debts. It's worth mentioning that there can be different types or variations of Colorado Security Agreement between Jon H. Row berry and Franklin Covey Company. Some common types may include: 1. Real Estate Security Agreement: This type of agreement specifically focuses on security interests related to real estate properties owned by Row berry. It outlines the details of the property, including its location, description, and any liens or encumbrances on the property. 2. Personal Property Security Agreement: This agreement involves security interests related to personal property assets, such as vehicles, equipment, inventory, or any movable property owned by Row berry. It lists the specific assets offered as collateral and may detail any existing liens on the assets. 3. Financial Security Agreement: This type of agreement pertains to security interests granted on financial assets, such as stocks, bonds, investment accounts, or any other financial instrument owned by Row berry. It enumerates the specific assets offered as security and may include information about transfer restrictions or limitations on these assets. By establishing a Colorado Security Agreement, both parties can protect their respective interests and ensure compliance with the agreed-upon obligations. It provides a legally binding framework to handle any potential defaults or breaches, while also safeguarding the rights of both Jon H. Row berry and Franklin Covey Company during the course of their business relationship.