Wisconsin Security Agreement between PCSupport.com, Inc. and ICE Holdings North America

• Category: Corporations - Public - Services
• State: Multi-State
• Control #: US-EG-9423
• Format: Word; Rich Text

Description

Services Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January, 2000. 29 pages. Title: Understanding the Wisconsin Security Agreement between PCSupport.com, Inc. and ICE Holdings North America Keywords: Wisconsin Security Agreement, PCSupport.com, Inc., ICE Holdings North America, legal contract, creditor, debtor, collateral, security interest, defaults, enforcement Introduction: The Wisconsin Security Agreement, entered into between PCSupport.com, Inc. (the creditor) and ICE Holdings North America (the debtor), outlines the terms and conditions regarding the protection of the creditor's interest in the event of default or non-payment. This legal contract plays a crucial role in securing the creditor's rights and ensuring the debtor's compliance. Here, we delve deeper into the framework, provisions, and various types of Wisconsin Security Agreements that may exist between these two parties. Types of Wisconsin Security Agreements: 1. General Wisconsin Security Agreement: The general Wisconsin Security Agreement is a comprehensive contract that encompasses all the necessary clauses and provisions required to secure the creditor's interest. It clearly delineates the rights and obligations of both parties, including remedies available in the event of a breach. 2. Specific Wisconsin Security Agreement: In some cases, a specific Wisconsin Security Agreement may be created, where the terms are tailored to meet specific requirements. This type of agreement is typically employed when the creditor seeks to secure a particular asset or collateral, such as real estate, vehicles, or other valuable properties. Key Components of Wisconsin Security Agreement: 1. Secured Creditor: PCSUPPORT.com, Inc., is identified as the secured creditor in the Wisconsin Security Agreement. As the creditor, they have extended credit or loans to the debtor, ICE Holdings North America, and hold a security interest in specified collateral for repayment. 2. Debtor and Collateral Description: The agreement identifies ICE Holdings North America as the debtor, who pledges certain collateral as security for the repayment of the debt owed. The collateral may include tangible assets, such as inventory, equipment, accounts receivable, or intangible assets like patents and trademarks. 3. Granting of Security Interest: The agreement outlines the specific rights and security interest granted to the creditor, allowing them to secure the collateral provided by the debtor. This security interest provides PCSupport.com, Inc. the right to possess, sell, or liquidate the collateral upon the occurrence of specific defaults. 4. Defaults and Remedies: The Wisconsin Security Agreement specifies the events that constitute a default, such as failure to make timely payments, violation of terms, or insolvency. It also includes a detailed description of the remedies available to the creditor upon default, such as repossession, foreclosure, or legal action. 5. Enforcement and Governing Law: The agreement outlines the procedures for enforcing the security interest, including how the parties will resolve disputes, potential litigation, and the jurisdiction applicable to the agreement. For the Wisconsin Security Agreement, the governing law is the state of Wisconsin. Conclusion: The Wisconsin Security Agreement is a crucial legal contract between PCSupport.com, Inc. and ICE Holdings North America, safeguarding the rights and obligations of both parties. By clearly defining the security interest, default clauses, and remedies available, this agreement reinforces the creditor's position and enables them to protect their investment. Detailed provisions and clearly stated terms ensure that both parties understand their rights and responsibilities, fostering a fair and transparent creditor-debtor relationship.

Title: Understanding the Wisconsin Security Agreement between PCSupport.com, Inc. and ICE Holdings North America Keywords: Wisconsin Security Agreement, PCSupport.com, Inc., ICE Holdings North America, legal contract, creditor, debtor, collateral, security interest, defaults, enforcement Introduction: The Wisconsin Security Agreement, entered into between PCSupport.com, Inc. (the creditor) and ICE Holdings North America (the debtor), outlines the terms and conditions regarding the protection of the creditor's interest in the event of default or non-payment. This legal contract plays a crucial role in securing the creditor's rights and ensuring the debtor's compliance. Here, we delve deeper into the framework, provisions, and various types of Wisconsin Security Agreements that may exist between these two parties. Types of Wisconsin Security Agreements: 1. General Wisconsin Security Agreement: The general Wisconsin Security Agreement is a comprehensive contract that encompasses all the necessary clauses and provisions required to secure the creditor's interest. It clearly delineates the rights and obligations of both parties, including remedies available in the event of a breach. 2. Specific Wisconsin Security Agreement: In some cases, a specific Wisconsin Security Agreement may be created, where the terms are tailored to meet specific requirements. This type of agreement is typically employed when the creditor seeks to secure a particular asset or collateral, such as real estate, vehicles, or other valuable properties. Key Components of Wisconsin Security Agreement: 1. Secured Creditor: PCSUPPORT.com, Inc., is identified as the secured creditor in the Wisconsin Security Agreement. As the creditor, they have extended credit or loans to the debtor, ICE Holdings North America, and hold a security interest in specified collateral for repayment. 2. Debtor and Collateral Description: The agreement identifies ICE Holdings North America as the debtor, who pledges certain collateral as security for the repayment of the debt owed. The collateral may include tangible assets, such as inventory, equipment, accounts receivable, or intangible assets like patents and trademarks. 3. Granting of Security Interest: The agreement outlines the specific rights and security interest granted to the creditor, allowing them to secure the collateral provided by the debtor. This security interest provides PCSupport.com, Inc. the right to possess, sell, or liquidate the collateral upon the occurrence of specific defaults. 4. Defaults and Remedies: The Wisconsin Security Agreement specifies the events that constitute a default, such as failure to make timely payments, violation of terms, or insolvency. It also includes a detailed description of the remedies available to the creditor upon default, such as repossession, foreclosure, or legal action. 5. Enforcement and Governing Law: The agreement outlines the procedures for enforcing the security interest, including how the parties will resolve disputes, potential litigation, and the jurisdiction applicable to the agreement. For the Wisconsin Security Agreement, the governing law is the state of Wisconsin. Conclusion: The Wisconsin Security Agreement is a crucial legal contract between PCSupport.com, Inc. and ICE Holdings North America, safeguarding the rights and obligations of both parties. By clearly defining the security interest, default clauses, and remedies available, this agreement reinforces the creditor's position and enables them to protect their investment. Detailed provisions and clearly stated terms ensure that both parties understand their rights and responsibilities, fostering a fair and transparent creditor-debtor relationship.