West Virginia 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 West Virginia General Security Agreement granting secured party secured interest is a legal document that outlines the terms and conditions of a secure transaction between a debtor and a secured party. This agreement ensures that the secured party has a legal claim or interest in certain assets or properties owned by the debtor as collateral, which can be used to recover outstanding debt in case of default or non-payment. Keywords: West Virginia, General Security Agreement, secured party, secured interest, legal document, collateral, debtor, assets, properties, outstanding debt, default, non-payment. There are different types of West Virginia General Security Agreement granting secured party secured interest, each serving a specific purpose: 1. Equipment Security Agreement: This type of agreement specifically pertains to securing an interest in equipment owned by the debtor. It details the specific assets, such as machinery, vehicles, or other equipment that are being used as collateral. 2. Inventory Security Agreement: If the debtor has inventory or stock as part of their business, this agreement secures the interest of the secured party in the inventory. It ensures that the secured party can recover their debts by holding a legal claim over the inventory in case of default. 3. Accounts Receivable Security Agreement: This agreement grants the secured party secured interest in the accounts receivable of the debtor. It allows the secured party to recover the outstanding debt by collecting payments from the debtor's customers directly. 4. Real Estate Security Agreement: In cases where the debtor owns real estate or property, this agreement secures the interest of the secured party in the specified properties. It provides the secured party with the right to foreclose and recover the debt by selling the property if the debtor fails to fulfill their obligations. 5. Intellectual Property Security Agreement: This type of agreement is specifically designed to secure the interest of the secured party in the intellectual property owned by the debtor. It includes copyrights, trademarks, patents, and other intellectual property assets. It is important for both the secured party and the debtor to thoroughly understand the terms and conditions outlined in the West Virginia General Security Agreement granting secured party secured interest before entering into the agreement. Seek legal advice to ensure compliance with relevant laws and regulations.

A West Virginia General Security Agreement granting secured party secured interest is a legal document that outlines the terms and conditions of a secure transaction between a debtor and a secured party. This agreement ensures that the secured party has a legal claim or interest in certain assets or properties owned by the debtor as collateral, which can be used to recover outstanding debt in case of default or non-payment. Keywords: West Virginia, General Security Agreement, secured party, secured interest, legal document, collateral, debtor, assets, properties, outstanding debt, default, non-payment. There are different types of West Virginia General Security Agreement granting secured party secured interest, each serving a specific purpose: 1. Equipment Security Agreement: This type of agreement specifically pertains to securing an interest in equipment owned by the debtor. It details the specific assets, such as machinery, vehicles, or other equipment that are being used as collateral. 2. Inventory Security Agreement: If the debtor has inventory or stock as part of their business, this agreement secures the interest of the secured party in the inventory. It ensures that the secured party can recover their debts by holding a legal claim over the inventory in case of default. 3. Accounts Receivable Security Agreement: This agreement grants the secured party secured interest in the accounts receivable of the debtor. It allows the secured party to recover the outstanding debt by collecting payments from the debtor's customers directly. 4. Real Estate Security Agreement: In cases where the debtor owns real estate or property, this agreement secures the interest of the secured party in the specified properties. It provides the secured party with the right to foreclose and recover the debt by selling the property if the debtor fails to fulfill their obligations. 5. Intellectual Property Security Agreement: This type of agreement is specifically designed to secure the interest of the secured party in the intellectual property owned by the debtor. It includes copyrights, trademarks, patents, and other intellectual property assets. It is important for both the secured party and the debtor to thoroughly understand the terms and conditions outlined in the West Virginia General Security Agreement granting secured party secured interest before entering into the agreement. Seek legal advice to ensure compliance with relevant laws and regulations.