Pennsylvania Borrower Security Agreement between ADAC Laboratories and ABN AMRO Bank

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9234
• Format: Word; Rich Text

Description

Borrower Security Agreement (Intellectual Property) between ADAC Laboratories and ABN AMRO Bank, NV dated September, 1999. 21 pages. The Pennsylvania Borrower Security Agreement is a legally binding contract between ADAC Laboratories, a renowned company in the medical diagnostics field, and ABN AFRO Bank, a prominent financial institution. This agreement outlines the terms and conditions under which ADAC Laboratories pledges certain assets as collateral to secure a loan or line of credit from ABN AFRO Bank. Some keywords relevant to this agreement include: 1. Pennsylvania: This indicates that the agreement is governed by the laws and regulations of the state of Pennsylvania. It signifies that ADAC Laboratories and ABN AFRO Bank are both subject to the jurisdiction of the Pennsylvania court system. 2. Borrower: ADAC Laboratories is referred to as the "borrower" in this agreement. This term signifies that the company is receiving funds from ABN AFRO Bank under a loan, and must adhere to certain obligations and responsibilities outlined in the agreement. 3. Security Agreement: This specifies that the agreement pertains to the pledging of collateral to secure the loan. ADAC Laboratories agrees to grant ABN AFRO Bank a security interest in specific assets owned by the company. 4. ADAC Laboratories: This is the name of the company entering into the agreement as the borrower. ADAC Laboratories, a leading provider of medical diagnostic solutions, is responsible for fulfilling the terms of the agreement and maintaining the security interests granted to ABN AFRO Bank. 5. ABN AFRO Bank: This refers to the financial institution providing the loan or line of credit to ADAC Laboratories. As the lender, ABN AFRO Bank holds the right to call back the loan in case of default or other violation of the agreed terms. While specific types of Pennsylvania Borrower Security Agreements between ADAC Laboratories and ABN AFRO Bank are not mentioned, it is possible that various types exist depending on the purpose of the loan, the duration, or the specific assets pledged as collateral.

The Pennsylvania Borrower Security Agreement is a legally binding contract between ADAC Laboratories, a renowned company in the medical diagnostics field, and ABN AFRO Bank, a prominent financial institution. This agreement outlines the terms and conditions under which ADAC Laboratories pledges certain assets as collateral to secure a loan or line of credit from ABN AFRO Bank. Some keywords relevant to this agreement include: 1. Pennsylvania: This indicates that the agreement is governed by the laws and regulations of the state of Pennsylvania. It signifies that ADAC Laboratories and ABN AFRO Bank are both subject to the jurisdiction of the Pennsylvania court system. 2. Borrower: ADAC Laboratories is referred to as the "borrower" in this agreement. This term signifies that the company is receiving funds from ABN AFRO Bank under a loan, and must adhere to certain obligations and responsibilities outlined in the agreement. 3. Security Agreement: This specifies that the agreement pertains to the pledging of collateral to secure the loan. ADAC Laboratories agrees to grant ABN AFRO Bank a security interest in specific assets owned by the company. 4. ADAC Laboratories: This is the name of the company entering into the agreement as the borrower. ADAC Laboratories, a leading provider of medical diagnostic solutions, is responsible for fulfilling the terms of the agreement and maintaining the security interests granted to ABN AFRO Bank. 5. ABN AFRO Bank: This refers to the financial institution providing the loan or line of credit to ADAC Laboratories. As the lender, ABN AFRO Bank holds the right to call back the loan in case of default or other violation of the agreed terms. While specific types of Pennsylvania Borrower Security Agreements between ADAC Laboratories and ABN AFRO Bank are not mentioned, it is possible that various types exist depending on the purpose of the loan, the duration, or the specific assets pledged as collateral.