Utah General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• Control #: US-EG-9496
• Format: Word; Rich Text

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. A Utah General Security Agreement is a legally binding contract that grants a secured party a secured interest in collateral provided by a debtor to secure payment or performance of a debt. This agreement ensures that the secured party has the right to repossess or sell the collateral if the debtor defaults on their obligations. Keywords: Utah, General Security Agreement, secured party, secured interest, collateral, debtor, payment, performance, debt, default, obligations, repossess, sell. Different types of Utah General Security Agreements granting secured party secured interest may include: 1. Real Estate Security Agreement: This type of agreement grants a secured interest in real property as collateral. It allows the secured party the right to foreclose and sell the property in case of default. 2. Personal Property Security Agreement: This agreement grants a secured interest in personal property such as equipment, inventory, accounts receivable, or other assets owned by the debtor. It enables the secured party to take possession or sell the assets to recover the debt. 3. Intellectual Property Security Agreement: This agreement grants a secured interest in intangible assets like trademarks, patents, copyrights, or licenses held by the debtor. It provides the secured party with the right to seize or transfer these intellectual property rights to satisfy the debt. 4. Accounts Receivable Security Agreement: This type of agreement grants a secured interest in the debtor's accounts receivable. It allows the secured party to collect the payments directly from the customers in case of default, ensuring the debt is repaid. 5. Inventory Security Agreement: This agreement grants a secured interest in the debtor's inventory or stock. It allows the secured party to take possession or sell the inventory to recover the outstanding debt in case of default. In summary, a Utah General Security Agreement is a crucial legal contract that establishes the secured party's secured interest in collateral provided by a debtor to ensure the repayment of a debt. The variant types of agreements differ based on the nature of the collateral involved, such as real estate, personal property, intellectual property, accounts receivable, or inventory.

A Utah General Security Agreement is a legally binding contract that grants a secured party a secured interest in collateral provided by a debtor to secure payment or performance of a debt. This agreement ensures that the secured party has the right to repossess or sell the collateral if the debtor defaults on their obligations. Keywords: Utah, General Security Agreement, secured party, secured interest, collateral, debtor, payment, performance, debt, default, obligations, repossess, sell. Different types of Utah General Security Agreements granting secured party secured interest may include: 1. Real Estate Security Agreement: This type of agreement grants a secured interest in real property as collateral. It allows the secured party the right to foreclose and sell the property in case of default. 2. Personal Property Security Agreement: This agreement grants a secured interest in personal property such as equipment, inventory, accounts receivable, or other assets owned by the debtor. It enables the secured party to take possession or sell the assets to recover the debt. 3. Intellectual Property Security Agreement: This agreement grants a secured interest in intangible assets like trademarks, patents, copyrights, or licenses held by the debtor. It provides the secured party with the right to seize or transfer these intellectual property rights to satisfy the debt. 4. Accounts Receivable Security Agreement: This type of agreement grants a secured interest in the debtor's accounts receivable. It allows the secured party to collect the payments directly from the customers in case of default, ensuring the debt is repaid. 5. Inventory Security Agreement: This agreement grants a secured interest in the debtor's inventory or stock. It allows the secured party to take possession or sell the inventory to recover the outstanding debt in case of default. In summary, a Utah General Security Agreement is a crucial legal contract that establishes the secured party's secured interest in collateral provided by a debtor to ensure the repayment of a debt. The variant types of agreements differ based on the nature of the collateral involved, such as real estate, personal property, intellectual property, accounts receivable, or inventory.