Oregon Pledge and Security Agreement regarding the finance of acquisition of shares of common stock

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9314
• Format: Word; Rich Text

Description

Pledge and Security Agreement between James Thorburn and Semiconductor Components Industries, LLC regarding the finance of acquisition of shares of common stock dated November 8, 1999. 5 pages. The Oregon Pledge and Security Agreement is a legally binding document used in the finance of acquiring shares of common stock. This agreement acts as security against the borrower's obligations and protects the lender's interest in the acquired shares. It ensures that the lender has the right to seize and sell the shares in case the borrower defaults on their loan payments. Keywords: Oregon Pledge and Security Agreement, finance, acquisition, shares, common stock, legally binding, security, borrower, lender, obligations, interest, loan payments. There are different types of Oregon Pledge and Security Agreements used for the finance of acquiring shares of common stock. Some of these variations include: 1. Traditional Oregon Pledge and Security Agreement: This is the most common type, where the borrower pledges the acquired shares of common stock to the lender as collateral. The borrower retains ownership and dividends from the shares but cannot transfer or sell them without the lender's consent until the loan is fully repaid. 2. Floating Lien Oregon Pledge and Security Agreement: In this type, the borrower provides the lender with a security interest in a pool of shares of common stock, rather than specific shares. The lender has a floating lien on the stock, allowing the borrower to buy or sell shares within the agreed parameters. 3. Partial Pledge Oregon Pledge and Security Agreement: With this agreement, the borrower pledges only a specific percentage or number of the acquired shares as collateral. The remaining shares are not subject to the security interest and can be freely transferred or sold by the borrower. 4. Substitutionary Security Oregon Pledge and Security Agreement: This type allows the borrower to replace the pledged shares with other eligible securities, subject to the lender's approval. This flexibility enables the borrower to optimize their investment portfolio while maintaining the overall security of the agreement. Keywords: Traditional, floating lien, partial pledge, substitutionary security, collateral, ownership, dividends, transfer, sell, security interest, loan repayment. Remember, it is critical to consult with a legal professional to ensure the accuracy and validity of any specific Oregon Pledge and Security Agreement as laws and requirements may vary.

The Oregon Pledge and Security Agreement is a legally binding document used in the finance of acquiring shares of common stock. This agreement acts as security against the borrower's obligations and protects the lender's interest in the acquired shares. It ensures that the lender has the right to seize and sell the shares in case the borrower defaults on their loan payments. Keywords: Oregon Pledge and Security Agreement, finance, acquisition, shares, common stock, legally binding, security, borrower, lender, obligations, interest, loan payments. There are different types of Oregon Pledge and Security Agreements used for the finance of acquiring shares of common stock. Some of these variations include: 1. Traditional Oregon Pledge and Security Agreement: This is the most common type, where the borrower pledges the acquired shares of common stock to the lender as collateral. The borrower retains ownership and dividends from the shares but cannot transfer or sell them without the lender's consent until the loan is fully repaid. 2. Floating Lien Oregon Pledge and Security Agreement: In this type, the borrower provides the lender with a security interest in a pool of shares of common stock, rather than specific shares. The lender has a floating lien on the stock, allowing the borrower to buy or sell shares within the agreed parameters. 3. Partial Pledge Oregon Pledge and Security Agreement: With this agreement, the borrower pledges only a specific percentage or number of the acquired shares as collateral. The remaining shares are not subject to the security interest and can be freely transferred or sold by the borrower. 4. Substitutionary Security Oregon Pledge and Security Agreement: This type allows the borrower to replace the pledged shares with other eligible securities, subject to the lender's approval. This flexibility enables the borrower to optimize their investment portfolio while maintaining the overall security of the agreement. Keywords: Traditional, floating lien, partial pledge, substitutionary security, collateral, ownership, dividends, transfer, sell, security interest, loan repayment. Remember, it is critical to consult with a legal professional to ensure the accuracy and validity of any specific Oregon Pledge and Security Agreement as laws and requirements may vary.