The Oklahoma Security Agreement between Jon H. Row berry and Franklin Covey Company is a legally binding document that details the terms and conditions of a secured loan or credit transaction between the parties involved. This agreement is governed by the laws of the state of Oklahoma and serves to protect the rights and interests of both Jon H. Row berry (referred to as the "Debtor") and Franklin Covey Company (referred to as the "Secured Party"). Keywords: Oklahoma Security Agreement, Jon H. Row berry, Franklin Covey Company, secured loan, credit transaction, rights and interests. This agreement outlines various provisions, including but not limited to: 1. Secured Obligations: The agreement specifies the obligations of Jon H. Row berry towards Franklin Covey Company, which are secured by the agreement. These obligations may include loan repayments, interest, fees, or any other financial obligations owed by the Debtor. 2. Collateral: The agreement defines the collateral that serves as security for the loan or credit transaction. This could include assets such as real estate, inventory, equipment, accounts receivable, or any other valuable property owned by the Debtor. 3. Perfection of Security Interest: The agreement ensures that Franklin Covey Company has a perfected security interest in the collateral. This means that the Secured Party has the right to seize and sell the collateral in the event of default by the Debtor, to recover the outstanding debts. 4. Default and Remedies: The agreement includes provisions that outline the conditions under which a default occurs, such as non-payment or breach of other terms and conditions. It also details the remedies available to Franklin Covey Company in case of default, which may include repossession and sale of the collateral. 5. Mutual Representations and Warranties: This section of the agreement contains statements made by both parties, affirming that they have the legal capacity to enter into the agreement and that they are not subject to any other agreements that could interfere with the terms laid out in this security agreement. Different types of Oklahoma Security Agreements between Jon H. Row berry and Franklin Covey Company may include variations based on the specific nature of the transaction or the collateral involved. Some possible variant names could include: 1. Real Estate Security Agreement: This type of agreement primarily focuses on securing a loan or credit transaction with real estate property as collateral. 2. Equipment Security Agreement: This type of agreement is specifically tailored for securing a loan or credit transaction using equipment or machinery as collateral. 3. Accounts Receivable Security Agreement: This agreement is designed to secure a loan or credit transaction using accounts receivable as collateral. 4. Inventory Security Agreement: This type of agreement secures a loan or credit transaction using inventory or stock as collateral. Remember, these variant names are provided as examples and can be customized based on the specific circumstances of the agreement between Jon H. Row berry and Franklin Covey Company.