Minnesota 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 Minnesota Security Agreement between Jon H. Row berry and Franklin Covey Company is a legal document that establishes a security interest in certain assets to ensure repayment of a debt or performance of an obligation. This agreement serves as a safeguard for Franklin Covey Company in case Row berry defaults on his obligations or fails to repay the debt. Keywords: Minnesota Security Agreement, Jon H. Row berry, Franklin Covey Company, legal document, security interest, assets, repayment, debt, obligation. Types of Minnesota Security Agreements between Jon H. Row berry and Franklin Covey Company: 1. Collateral-specific Security Agreement: This type of agreement outlines the specific assets that are being used as collateral to secure the debt or obligation. It clearly defines the assets, their location, and their value. 2. Floating Security Agreement: A floating security agreement covers a broad range of assets that may change over time. It grants a security interest in present or future assets of Row berry, within certain parameters and subject to specific conditions. 3. General Security Agreement: This agreement covers a wide range of assets, both present, and future, without specifying them individually. It provides flexibility, allowing Franklin Covey Company to claim a security interest in any asset owned by Row berry as security for the debt or obligation. 4. Pledged Shares Security Agreement: This type of security agreement involves the pledge of shares in a company owned by Row berry as collateral for the debt or obligation. It outlines the terms and conditions under which the shares can be sold or transferred in the event of default. 5. Chattel Mortgage Security Agreement: Chattel mortgage agreements involve the pledge of movable or personal property owned by Row berry, such as vehicles or equipment, as collateral for the debt or obligation. The agreement specifies the terms under which the items can be seized or sold in case of default. These various types of Minnesota Security Agreements ensure that Franklin Covey Company has a solid legal footing to protect its interests in case of non-payment or default by Jon H. Row berry. They provide clarity on the assets being used as collateral and establish the rights and obligations of both parties involved.

The Minnesota Security Agreement between Jon H. Row berry and Franklin Covey Company is a legal document that establishes a security interest in certain assets to ensure repayment of a debt or performance of an obligation. This agreement serves as a safeguard for Franklin Covey Company in case Row berry defaults on his obligations or fails to repay the debt. Keywords: Minnesota Security Agreement, Jon H. Row berry, Franklin Covey Company, legal document, security interest, assets, repayment, debt, obligation. Types of Minnesota Security Agreements between Jon H. Row berry and Franklin Covey Company: 1. Collateral-specific Security Agreement: This type of agreement outlines the specific assets that are being used as collateral to secure the debt or obligation. It clearly defines the assets, their location, and their value. 2. Floating Security Agreement: A floating security agreement covers a broad range of assets that may change over time. It grants a security interest in present or future assets of Row berry, within certain parameters and subject to specific conditions. 3. General Security Agreement: This agreement covers a wide range of assets, both present, and future, without specifying them individually. It provides flexibility, allowing Franklin Covey Company to claim a security interest in any asset owned by Row berry as security for the debt or obligation. 4. Pledged Shares Security Agreement: This type of security agreement involves the pledge of shares in a company owned by Row berry as collateral for the debt or obligation. It outlines the terms and conditions under which the shares can be sold or transferred in the event of default. 5. Chattel Mortgage Security Agreement: Chattel mortgage agreements involve the pledge of movable or personal property owned by Row berry, such as vehicles or equipment, as collateral for the debt or obligation. The agreement specifies the terms under which the items can be seized or sold in case of default. These various types of Minnesota Security Agreements ensure that Franklin Covey Company has a solid legal footing to protect its interests in case of non-payment or default by Jon H. Row berry. They provide clarity on the assets being used as collateral and establish the rights and obligations of both parties involved.