Maine Security Agreement between PCSupport.com, Inc. and ICE Holdings North America

• Category: Corporations - Public - Services
• State: Multi-State
• Control #: US-EG-9423
• Format: Word; Rich Text

Description

Services Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January, 2000. 29 pages. Maine Security Agreement between PCSupport.com, Inc. and ICE Holdings North America The Maine Security Agreement is a legally binding contract entered into between PCSupport.com, Inc. and ICE Holdings North America in the state of Maine, United States. This agreement outlines the terms and conditions of the security interests held by PCSupport.com, Inc. over certain assets owned by ICE Holdings North America, as collateral for any outstanding debts or obligations. The primary purpose of this agreement is to provide assurance to PCSupport.com, Inc. that they have a right to claim, possess, and sell specific assets if ICE Holdings North America fails to fulfill their financial obligations or defaults on any payment terms. The agreement seeks to protect the interest of PCSupport.com, Inc. by mitigating the risk associated with lending funds or extending credit to ICE Holdings North America. Key provisions and relevant keywords in the Maine Security Agreement include: 1. Collateral: The agreement identifies the assets, properties, or rights offered by ICE Holdings North America as collateral to secure their debts or obligations. These collateral assets may vary depending on the specific agreement and can include real estate properties, equipment, accounts receivable, financial investments, intellectual property rights, and any other valuable assets. 2. Security Interest: PCSupport.com, Inc. is granted a security interest in the collateral assets, which means they have a legal claim or lien on the pledged assets until the debt is fully repaid. This provides PCSupport.com, Inc. with rights to seize, possess, or sell the collateral upon default, in order to recover the outstanding debt. 3. Obligations: The Maine Security Agreement specifies the obligations of ICE Holdings North America towards PCSupport.com, Inc., including repayment terms, interest rates, payment schedule, and any additional fees or penalties in case of default. Clear terms are defined to ensure both parties are aware of their responsibilities to avoid any potential conflicts or misunderstandings. 4. Default and Remedies: The agreement outlines the conditions under which a default occurs, such as missed payments or violation of specified terms. It also provides PCSupport.com, Inc. with remedies available in case of default, including the right to foreclose on the collateral assets and sell them to recover the outstanding debt. Different types of Maine Security Agreement between PCSupport.com, Inc. and ICE Holdings North America can be categorized based on the specific collateral assets involved or the purpose of the agreement. For instance: 1. Real Estate Security Agreement: This agreement pledges real estate properties owned by ICE Holdings North America as collateral for securing their debt or obligation towards PCSupport.com, Inc. 2. Equipment Security Agreement: This agreement involves the use of equipment owned by ICE Holdings North America as collateral, providing PCSupport.com, Inc. with a security interest in the equipment. 3. Intellectual Property Security Agreement: In cases where ICE Holdings North America possesses valuable intellectual property rights, such as patents, trademarks, or copyrights, this agreement would grant PCSupport.com, Inc. a security interest in those intellectual property assets. Overall, the Maine Security Agreement seeks to establish a legal framework that protects the interests of PCSupport.com, Inc. while allowing ICE Holdings North America to secure necessary funding or credit by offering collateral assets. It is crucial for both parties to carefully review and understand the terms and implications of the agreement before entering into this legally binding arrangement.

Maine Security Agreement between PCSupport.com, Inc. and ICE Holdings North America The Maine Security Agreement is a legally binding contract entered into between PCSupport.com, Inc. and ICE Holdings North America in the state of Maine, United States. This agreement outlines the terms and conditions of the security interests held by PCSupport.com, Inc. over certain assets owned by ICE Holdings North America, as collateral for any outstanding debts or obligations. The primary purpose of this agreement is to provide assurance to PCSupport.com, Inc. that they have a right to claim, possess, and sell specific assets if ICE Holdings North America fails to fulfill their financial obligations or defaults on any payment terms. The agreement seeks to protect the interest of PCSupport.com, Inc. by mitigating the risk associated with lending funds or extending credit to ICE Holdings North America. Key provisions and relevant keywords in the Maine Security Agreement include: 1. Collateral: The agreement identifies the assets, properties, or rights offered by ICE Holdings North America as collateral to secure their debts or obligations. These collateral assets may vary depending on the specific agreement and can include real estate properties, equipment, accounts receivable, financial investments, intellectual property rights, and any other valuable assets. 2. Security Interest: PCSupport.com, Inc. is granted a security interest in the collateral assets, which means they have a legal claim or lien on the pledged assets until the debt is fully repaid. This provides PCSupport.com, Inc. with rights to seize, possess, or sell the collateral upon default, in order to recover the outstanding debt. 3. Obligations: The Maine Security Agreement specifies the obligations of ICE Holdings North America towards PCSupport.com, Inc., including repayment terms, interest rates, payment schedule, and any additional fees or penalties in case of default. Clear terms are defined to ensure both parties are aware of their responsibilities to avoid any potential conflicts or misunderstandings. 4. Default and Remedies: The agreement outlines the conditions under which a default occurs, such as missed payments or violation of specified terms. It also provides PCSupport.com, Inc. with remedies available in case of default, including the right to foreclose on the collateral assets and sell them to recover the outstanding debt. Different types of Maine Security Agreement between PCSupport.com, Inc. and ICE Holdings North America can be categorized based on the specific collateral assets involved or the purpose of the agreement. For instance: 1. Real Estate Security Agreement: This agreement pledges real estate properties owned by ICE Holdings North America as collateral for securing their debt or obligation towards PCSupport.com, Inc. 2. Equipment Security Agreement: This agreement involves the use of equipment owned by ICE Holdings North America as collateral, providing PCSupport.com, Inc. with a security interest in the equipment. 3. Intellectual Property Security Agreement: In cases where ICE Holdings North America possesses valuable intellectual property rights, such as patents, trademarks, or copyrights, this agreement would grant PCSupport.com, Inc. a security interest in those intellectual property assets. Overall, the Maine Security Agreement seeks to establish a legal framework that protects the interests of PCSupport.com, Inc. while allowing ICE Holdings North America to secure necessary funding or credit by offering collateral assets. It is crucial for both parties to carefully review and understand the terms and implications of the agreement before entering into this legally binding arrangement.