Harris Texas Domestic Subsidiary Security Agreement regarding ratable benefit of Lenders and Agent

• Category: Corporations - Public - Security
• State: Multi-State
• County: Harris
• 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. Harris Texas Domestic Subsidiary Security Agreement is a legally binding document that outlines the terms and conditions related to the provision of security by domestic subsidiaries to lenders and the agent. This agreement ensures that lenders and the agent are provided with an eatable benefit, which essentially means that their interests are equal and proportionate in terms of priority and repayment. The agreement aims to protect the lenders and the agent from any potential default or non-payment by the borrower. By agreeing to the terms of the Harris Texas Domestic Subsidiary Security Agreement, domestic subsidiaries pledge their assets, including but not limited to real estate, personal property, inventory, intellectual property, and accounts receivable, as collateral for the loans provided by lenders and the agent. The agreement includes provisions on the scope and nature of the security interest, the release of collateral, default and remedies, acceleration of maturity, and the rights and obligations of the parties involved. It also outlines the procedures to be followed in the event of a default, including notification and opportunities for cure. Some specific types of Harris Texas Domestic Subsidiary Security Agreements that may exist regarding the eatable benefit of lenders and the agent include: 1. Harris Texas Domestic Subsidiary Security Agreement — Real Estate: This agreement specifically pertains to the security interest in domestic subsidiaries' real estate assets, ensuring that lenders and the agent can enforce their rights and recover their dues through the sale or lease of these properties. 2. Harris Texas Domestic Subsidiary Security Agreement — Intellectual Property: This type of agreement focuses on the security interest in domestic subsidiaries' intellectual property assets, such as patents, trademarks, copyrights, and trade secrets. It ensures that lenders and the agent can utilize or transfer these assets in case of default. 3. Harris Texas Domestic Subsidiary Security Agreement — Accounts Receivable: This agreement centers around the security interest in domestic subsidiaries' accounts receivable, allowing lenders and the agent to collect outstanding payments directly from customers if the borrower fails to meet its obligations. It is essential for all parties involved to carefully review and understand the terms and conditions specified in the Harris Texas Domestic Subsidiary Security Agreement to ensure their rights and interests are adequately protected.

Harris Texas Domestic Subsidiary Security Agreement is a legally binding document that outlines the terms and conditions related to the provision of security by domestic subsidiaries to lenders and the agent. This agreement ensures that lenders and the agent are provided with an eatable benefit, which essentially means that their interests are equal and proportionate in terms of priority and repayment. The agreement aims to protect the lenders and the agent from any potential default or non-payment by the borrower. By agreeing to the terms of the Harris Texas Domestic Subsidiary Security Agreement, domestic subsidiaries pledge their assets, including but not limited to real estate, personal property, inventory, intellectual property, and accounts receivable, as collateral for the loans provided by lenders and the agent. The agreement includes provisions on the scope and nature of the security interest, the release of collateral, default and remedies, acceleration of maturity, and the rights and obligations of the parties involved. It also outlines the procedures to be followed in the event of a default, including notification and opportunities for cure. Some specific types of Harris Texas Domestic Subsidiary Security Agreements that may exist regarding the eatable benefit of lenders and the agent include: 1. Harris Texas Domestic Subsidiary Security Agreement — Real Estate: This agreement specifically pertains to the security interest in domestic subsidiaries' real estate assets, ensuring that lenders and the agent can enforce their rights and recover their dues through the sale or lease of these properties. 2. Harris Texas Domestic Subsidiary Security Agreement — Intellectual Property: This type of agreement focuses on the security interest in domestic subsidiaries' intellectual property assets, such as patents, trademarks, copyrights, and trade secrets. It ensures that lenders and the agent can utilize or transfer these assets in case of default. 3. Harris Texas Domestic Subsidiary Security Agreement — Accounts Receivable: This agreement centers around the security interest in domestic subsidiaries' accounts receivable, allowing lenders and the agent to collect outstanding payments directly from customers if the borrower fails to meet its obligations. It is essential for all parties involved to carefully review and understand the terms and conditions specified in the Harris Texas Domestic Subsidiary Security Agreement to ensure their rights and interests are adequately protected.