King Washington Borrower Security Agreement regarding the extension of credit facilities

• Category: Corporations - Public - Security
• State: Multi-State
• County: King
• Control #: US-EG-9232
• Format: Word; Rich Text

Description

Borrower Security Agreement between ADAC Laboratories and ABN AMRO Bank, N.V. regarding the extension of credit facilities dated September, 1999. 13 pages. The King Washington Borrower Security Agreement is a legal document that outlines the terms and conditions related to the extension of credit facilities to borrowers. It is specifically designed to protect the interests of the lender and ensure the repayment of the borrowed funds. This agreement serves as a security measure to mitigate the risks associated with lending money. The King Washington Borrower Security Agreement includes several key provisions that safeguard the lender's investment. These provisions may vary depending on the specific type of credit facilities being extended. Here are some common types of King Washington Borrower Security Agreements regarding the extension of credit facilities: 1. Real Estate Mortgage Agreement: This type of agreement is used when the borrower provides real estate property as collateral for the credit facility. It details the terms under which the lender can foreclose and sell the property to recover the outstanding debt if the borrower defaults. 2. Pledge Agreement: In certain cases, the borrower may provide valuable assets such as stocks, bonds, or other securities as collateral. The pledge agreement outlines the procedures for transferring the ownership of these assets to the lender in the event of default. 3. Assignment of Accounts Receivable: This agreement is applicable when the borrower has outstanding invoices or receivables from third parties. It allows the lender to collect payments directly from those third parties to repay the credit facility in case of default. 4. Intellectual Property Security Agreement: When the borrower possesses valuable intellectual property rights, such as copyrights, patents, or trademarks, this agreement establishes the lender's right to seize and sell those assets to recover the outstanding debt. Each type of King Washington Borrower Security Agreement includes key keyword phrases such as "security interest," "collateral," "default," "foreclosure," "recovery," "lien," "repayment," and "seizure." These terms are essential for understanding the legal obligations, rights, and remedies related to the extension of credit facilities and ensuring the lender's security.

The King Washington Borrower Security Agreement is a legal document that outlines the terms and conditions related to the extension of credit facilities to borrowers. It is specifically designed to protect the interests of the lender and ensure the repayment of the borrowed funds. This agreement serves as a security measure to mitigate the risks associated with lending money. The King Washington Borrower Security Agreement includes several key provisions that safeguard the lender's investment. These provisions may vary depending on the specific type of credit facilities being extended. Here are some common types of King Washington Borrower Security Agreements regarding the extension of credit facilities: 1. Real Estate Mortgage Agreement: This type of agreement is used when the borrower provides real estate property as collateral for the credit facility. It details the terms under which the lender can foreclose and sell the property to recover the outstanding debt if the borrower defaults. 2. Pledge Agreement: In certain cases, the borrower may provide valuable assets such as stocks, bonds, or other securities as collateral. The pledge agreement outlines the procedures for transferring the ownership of these assets to the lender in the event of default. 3. Assignment of Accounts Receivable: This agreement is applicable when the borrower has outstanding invoices or receivables from third parties. It allows the lender to collect payments directly from those third parties to repay the credit facility in case of default. 4. Intellectual Property Security Agreement: When the borrower possesses valuable intellectual property rights, such as copyrights, patents, or trademarks, this agreement establishes the lender's right to seize and sell those assets to recover the outstanding debt. Each type of King Washington Borrower Security Agreement includes key keyword phrases such as "security interest," "collateral," "default," "foreclosure," "recovery," "lien," "repayment," and "seizure." These terms are essential for understanding the legal obligations, rights, and remedies related to the extension of credit facilities and ensuring the lender's security.