San Jose California Borrower Security Agreement regarding the extension of credit facilities

• Category: Corporations - Public - Security
• State: Multi-State
• City: San Jose
• 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. San Jose California Borrower Security Agreement is a legal document that outlines the terms and conditions associated with extending credit facilities to borrowers in San Jose, California. This agreement serves as a protective measure for lenders by securing their interest in the collateral provided by the borrower, in the event of default or non-payment. The Borrower Security Agreement includes specific provisions that detail the collateral pledged as security, such as real estate, equipment, inventory, or accounts receivable. The agreement also sets forth the rights and obligations of both parties involved, ensuring a clear understanding of their roles and responsibilities. Some relevant keywords for this topic include: 1. Borrower: The individual or entity seeking credit facilities from a lender, typically for business purposes. 2. Lender: The financial institution or organization providing the credit facilities. 3. Security Agreement: A legally binding contract that establishes the terms and conditions of securing credit facilities. 4. Extension of Credit Facilities: The act of granting additional credit or loan facilities to the borrower beyond the initially agreed-upon terms. 5. Collateral: Assets or property pledged by the borrower to secure the repayment of the credit facilities. 6. Default: Failure of the borrower to meet the agreed-upon payment obligations or violating other terms of the Borrower Security Agreement. 7. Non-payment: When the borrower fails to make the required payments as per the agreed-upon terms. 8. Rights and Obligations: The privileges and duties of both the borrower and lender outlined within the agreement. 9. Real Estate: Property, land, or buildings offered as collateral for securing credit facilities. 10. Equipment: Machinery, tools, or other physical assets utilized by the borrower's business, which can serve as collateral. 11. Inventory: The goods or products held by the borrower that can be sold or used in the normal course of business and offered as collateral. 12. Accounts Receivable: Unpaid invoices or amounts owed to the borrower by its customers, which can be pledged as collateral. Different types of San Jose California Borrower Security Agreement regarding the extension of credit facilities may include variations based on the nature of the borrower's business or the specific requirements of the lender. These variations may address additional terms related to the type of collateral, repayment schedules, interest rates, and any other specific conditions agreed upon between the parties involved. Some common variants may include real estate mortgage agreements, equipment financing agreements, or factoring agreements for accounts receivable.

San Jose California Borrower Security Agreement is a legal document that outlines the terms and conditions associated with extending credit facilities to borrowers in San Jose, California. This agreement serves as a protective measure for lenders by securing their interest in the collateral provided by the borrower, in the event of default or non-payment. The Borrower Security Agreement includes specific provisions that detail the collateral pledged as security, such as real estate, equipment, inventory, or accounts receivable. The agreement also sets forth the rights and obligations of both parties involved, ensuring a clear understanding of their roles and responsibilities. Some relevant keywords for this topic include: 1. Borrower: The individual or entity seeking credit facilities from a lender, typically for business purposes. 2. Lender: The financial institution or organization providing the credit facilities. 3. Security Agreement: A legally binding contract that establishes the terms and conditions of securing credit facilities. 4. Extension of Credit Facilities: The act of granting additional credit or loan facilities to the borrower beyond the initially agreed-upon terms. 5. Collateral: Assets or property pledged by the borrower to secure the repayment of the credit facilities. 6. Default: Failure of the borrower to meet the agreed-upon payment obligations or violating other terms of the Borrower Security Agreement. 7. Non-payment: When the borrower fails to make the required payments as per the agreed-upon terms. 8. Rights and Obligations: The privileges and duties of both the borrower and lender outlined within the agreement. 9. Real Estate: Property, land, or buildings offered as collateral for securing credit facilities. 10. Equipment: Machinery, tools, or other physical assets utilized by the borrower's business, which can serve as collateral. 11. Inventory: The goods or products held by the borrower that can be sold or used in the normal course of business and offered as collateral. 12. Accounts Receivable: Unpaid invoices or amounts owed to the borrower by its customers, which can be pledged as collateral. Different types of San Jose California Borrower Security Agreement regarding the extension of credit facilities may include variations based on the nature of the borrower's business or the specific requirements of the lender. These variations may address additional terms related to the type of collateral, repayment schedules, interest rates, and any other specific conditions agreed upon between the parties involved. Some common variants may include real estate mortgage agreements, equipment financing agreements, or factoring agreements for accounts receivable.