Oklahoma General Security Agreement granting secured party secured interest

State:
Multi-State
Control #:
US-EG-9496
Format:
Word; 
Rich Text
Instant download

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.
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  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest
  • Preview General Security Agreement granting secured party secured interest

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FAQ

A security interest generally is created with a security agreement, which is a contract governed by Uniform Commercial Code (UCC) Article 9, as well as other state laws governing contracts.

Security interests for most types of collateral are usually perfected by filing a document simply called a "financing statement." You'll usually file this form with the secretary of state or other public office.

A lender can perfect a lien on a borrower's deposit account only by obtaining "control" over the account, which requires one of the following arrangements: (1) the borrower maintains its deposit account directly with the lender; (2) the lender becomes the actual owner of the borrower's deposit accounts with the ...

Filing a Financing Statement to Perfect the Security Interest. Security interests for most types of collateral are usually perfected by filing a document simply called a "financing statement." You'll usually file this form with the secretary of state or other public office.

A lender can perfect a lien on a borrower's deposit account only by obtaining "control" over the account, which requires one of the following arrangements: (1) the borrower maintains its deposit account directly with the lender; (2) the lender becomes the actual owner of the borrower's deposit accounts with the ...

You give the lender this right when you sign your closing forms. The document granting the security interest can be called by different names, but the most common names are "Mortgage" or "Deed of Trust."

Secured party is a lender, seller, or other person in whose favor a security interest exists. Debtor is the person who owes payment or performance of the obligation that is secured. Security agreement is the agreement between the secured party and the debtor that creates or provides for a security interest.

If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account in an amount in excess of $250,000, such Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties.

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Oklahoma General Security Agreement granting secured party secured interest