Wake North Carolina Borrower Security Agreement regarding the extension of credit facilities

• Category: Corporations - Public - Security
• State: Multi-State
• County: Wake
• 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. Wake North Carolina Borrower Security Agreement is a legal document that outlines the terms and conditions related to the extension of credit facilities to borrowers. This agreement serves to provide protection and security for the lender in case of default or non-payment by the borrower. Keywords: 1. Wake North Carolina: Refers to the specific jurisdiction where the agreement is enforced, implying the laws and regulations applicable to the agreement. 2. Borrower: An individual, company, or organization that receives credit facilities from a lender. 3. Security Agreement: A contract that establishes the security interest in assets granted by the borrower to the lender to secure the repayment of the loan. 4. Extension of Credit Facilities: The act of providing additional credit to the borrower beyond the originally agreed upon terms. 5. Terms and Conditions: The set of rules and provisions that dictate the rights and obligations of both the lender and the borrower. There can be various types of Wake North Carolina Borrower Security Agreements regarding the extension of credit facilities. Some of these may include: 1. Real Estate Security Agreement: This agreement focuses on using real estate assets as collateral for securing the credit facility. 2. Personal Property Security Agreement: This agreement involves using personal property, such as equipment, inventory, or vehicles, as collateral to secure the loan. 3. Assignment of Accounts Receivable Agreement: This agreement assigns the borrower's future accounts receivable as security for the credit facility. 4. Intellectual Property Security Agreement: This type of agreement involves utilizing the borrower's intellectual property assets, such as patents or trademarks, as collateral for the loan. 5. Cross-Collateralization Agreement: This agreement allows the lender to secure the credit facilities with multiple types of collateral, combining various assets to minimize risk. Each of these agreements will have specific clauses and provisions tailored to the nature of the collateral used and the intricacies of the transaction. It is essential for both borrowers and lenders to thoroughly review and understand the terms outlined in the Wake North Carolina Borrower Security Agreement to ensure compliance and mitigate potential risks.

Wake North Carolina Borrower Security Agreement is a legal document that outlines the terms and conditions related to the extension of credit facilities to borrowers. This agreement serves to provide protection and security for the lender in case of default or non-payment by the borrower. Keywords: 1. Wake North Carolina: Refers to the specific jurisdiction where the agreement is enforced, implying the laws and regulations applicable to the agreement. 2. Borrower: An individual, company, or organization that receives credit facilities from a lender. 3. Security Agreement: A contract that establishes the security interest in assets granted by the borrower to the lender to secure the repayment of the loan. 4. Extension of Credit Facilities: The act of providing additional credit to the borrower beyond the originally agreed upon terms. 5. Terms and Conditions: The set of rules and provisions that dictate the rights and obligations of both the lender and the borrower. There can be various types of Wake North Carolina Borrower Security Agreements regarding the extension of credit facilities. Some of these may include: 1. Real Estate Security Agreement: This agreement focuses on using real estate assets as collateral for securing the credit facility. 2. Personal Property Security Agreement: This agreement involves using personal property, such as equipment, inventory, or vehicles, as collateral to secure the loan. 3. Assignment of Accounts Receivable Agreement: This agreement assigns the borrower's future accounts receivable as security for the credit facility. 4. Intellectual Property Security Agreement: This type of agreement involves utilizing the borrower's intellectual property assets, such as patents or trademarks, as collateral for the loan. 5. Cross-Collateralization Agreement: This agreement allows the lender to secure the credit facilities with multiple types of collateral, combining various assets to minimize risk. Each of these agreements will have specific clauses and provisions tailored to the nature of the collateral used and the intricacies of the transaction. It is essential for both borrowers and lenders to thoroughly review and understand the terms outlined in the Wake North Carolina Borrower Security Agreement to ensure compliance and mitigate potential risks.