Franklin Ohio Domestic Subsidiary Security Agreement regarding ratable benefit of Lenders and Agent

• Category: Corporations - Public - Security
• State: Multi-State
• County: Franklin
• Control #: US-EG-9233
• Format: Word; Rich Text

Description

Domestic Subsidiary Security Agreement Form between _______ (Grantor) and ABN AMRO Bank, N.V. regarding the ratable benefit of the Lenders and Agent dated September, 1999. 17 pages. Franklin Ohio Domestic Subsidiary Security Agreement is a legal document that outlines the specific terms and conditions related to the collateral provided by the domestic subsidiary of Franklin Ohio, with the purpose of securing the loan facility provided by lenders and the role of the agent. This agreement ensures that all lenders and the agent have equal and proportionate rights to the collateral in case of default or non-payment by the borrower. Keywords: Franklin Ohio, Domestic Subsidiary, Security Agreement, Eatable benefit, Lenders, Agent, Collateral, Loan facility, Terms and conditions, Default, Non-payment. There are different types of Franklin Ohio Domestic Subsidiary Security Agreements regarding the eatable benefit of lenders and the agent. These may include: 1. Traditional Security Agreement: This type of agreement establishes the security interest in the collateral held by the domestic subsidiary to ensure the eatable benefit of lenders and the agent. It includes clauses outlining the specifics of the collateral, its valuation, and the procedure to be followed in case of default. 2. Part Pass Security Agreement: This agreement ensures that the lenders and the agent have an equal and proportionate right to the collateral. It explicitly states that if the collateral is liquidated to repay the outstanding debt, the proceeds will be shared evenly among all lenders and the agent, based on their respective claims. 3. Priority Security Agreement: In certain cases, a lender or the agent may hold a higher priority claim on the collateral compared to others. This type of agreement clearly defines the priority of rights and establishes the order in which each lender or the agent will be repaid from the collateral. 4. Floating Lien Security Agreement: This agreement allows the domestic subsidiary to provide a general security interest in its current and future assets. It enables lenders and the agent to have an eatable benefit from both existing and future collateral, ensuring their rights are protected as the domestic subsidiary's assets grow or change over time. 5. Subordination Agreement: In some cases, lenders or the agent may agree to subordinate their claims to another lender or a specific purpose. This agreement outlines the conditions under which certain lenders or agents agree to relinquish their priority rights to benefit the other lenders or agents involved. Each of these variations of the Franklin Ohio Domestic Subsidiary Security Agreement serves to protect the rights and interests of lenders and the agent, ensuring they receive a proportionate and equitable share of the collateral in case of default or non-payment by the borrower.

Franklin Ohio Domestic Subsidiary Security Agreement is a legal document that outlines the specific terms and conditions related to the collateral provided by the domestic subsidiary of Franklin Ohio, with the purpose of securing the loan facility provided by lenders and the role of the agent. This agreement ensures that all lenders and the agent have equal and proportionate rights to the collateral in case of default or non-payment by the borrower. Keywords: Franklin Ohio, Domestic Subsidiary, Security Agreement, Eatable benefit, Lenders, Agent, Collateral, Loan facility, Terms and conditions, Default, Non-payment. There are different types of Franklin Ohio Domestic Subsidiary Security Agreements regarding the eatable benefit of lenders and the agent. These may include: 1. Traditional Security Agreement: This type of agreement establishes the security interest in the collateral held by the domestic subsidiary to ensure the eatable benefit of lenders and the agent. It includes clauses outlining the specifics of the collateral, its valuation, and the procedure to be followed in case of default. 2. Part Pass Security Agreement: This agreement ensures that the lenders and the agent have an equal and proportionate right to the collateral. It explicitly states that if the collateral is liquidated to repay the outstanding debt, the proceeds will be shared evenly among all lenders and the agent, based on their respective claims. 3. Priority Security Agreement: In certain cases, a lender or the agent may hold a higher priority claim on the collateral compared to others. This type of agreement clearly defines the priority of rights and establishes the order in which each lender or the agent will be repaid from the collateral. 4. Floating Lien Security Agreement: This agreement allows the domestic subsidiary to provide a general security interest in its current and future assets. It enables lenders and the agent to have an eatable benefit from both existing and future collateral, ensuring their rights are protected as the domestic subsidiary's assets grow or change over time. 5. Subordination Agreement: In some cases, lenders or the agent may agree to subordinate their claims to another lender or a specific purpose. This agreement outlines the conditions under which certain lenders or agents agree to relinquish their priority rights to benefit the other lenders or agents involved. Each of these variations of the Franklin Ohio Domestic Subsidiary Security Agreement serves to protect the rights and interests of lenders and the agent, ensuring they receive a proportionate and equitable share of the collateral in case of default or non-payment by the borrower.