San Jose California Borrower Security Agreement between ADAC Laboratories and ABN AMRO Bank

• Category: Corporations - Public - Security
• State: Multi-State
• City: San Jose
• Control #: US-EG-9234
• Format: Word; Rich Text

Description

Borrower Security Agreement (Intellectual Property) between ADAC Laboratories and ABN AMRO Bank, NV dated September, 1999. 21 pages. A San Jose California Borrower Security Agreement is a legally binding contract between ADAC Laboratories and ABN AFRO Bank. This agreement outlines the terms and conditions under which ADAC Laboratories can secure loans or credit facilities from ABN AFRO Bank. This type of agreement can vary based on the specific terms and conditions agreed upon by both parties. However, some key components commonly found in a San Jose California Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank may include: 1. Parties involved: The agreement will clearly state the names and contact information of the borrower (ADAC Laboratories) and the lender (ABN AFRO Bank). 2. Loan details: The agreement will specify the terms of the loan, such as the loan amount, interest rate, repayment period, and any applicable fees or penalties. 3. Collateral: ADAC Laboratories may be required to provide collateral, which can be in the form of assets, properties, or securities, to secure the loan. The agreement will describe the collateral provided and how it will be valued and managed. 4. Security Interest: The agreement will define the security interest that ABN AFRO Bank holds over ADAC Laboratories' assets. This ensures that in case of default or non-payment, the lender has the right to seize and liquidate the collateral to recover the outstanding debt. 5. Covenants and representations: The agreement may include specific promises made by ADAC Laboratories, such as maintaining insurance coverage on the collateral, providing financial statements, and complying with certain financial ratios. 6. Events of default: The agreement will outline the circumstances under which ABN AFRO Bank can declare ADAC Laboratories in default, such as non-payment, breach of covenants, or bankruptcy. It will also specify the remedies available to the lender if default occurs. It's important to note that the exact terms and conditions of a San Jose California Borrower Security Agreement can vary depending on the needs and negotiation between the parties involved. Different types or versions of a San Jose California Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank may include variations based on the loan amount, collateral type, or specific provisions tailored to meet the borrowing requirements of ADAC Laboratories. These variations can be outlined as separate agreements or amendments to the original agreement.

A San Jose California Borrower Security Agreement is a legally binding contract between ADAC Laboratories and ABN AFRO Bank. This agreement outlines the terms and conditions under which ADAC Laboratories can secure loans or credit facilities from ABN AFRO Bank. This type of agreement can vary based on the specific terms and conditions agreed upon by both parties. However, some key components commonly found in a San Jose California Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank may include: 1. Parties involved: The agreement will clearly state the names and contact information of the borrower (ADAC Laboratories) and the lender (ABN AFRO Bank). 2. Loan details: The agreement will specify the terms of the loan, such as the loan amount, interest rate, repayment period, and any applicable fees or penalties. 3. Collateral: ADAC Laboratories may be required to provide collateral, which can be in the form of assets, properties, or securities, to secure the loan. The agreement will describe the collateral provided and how it will be valued and managed. 4. Security Interest: The agreement will define the security interest that ABN AFRO Bank holds over ADAC Laboratories' assets. This ensures that in case of default or non-payment, the lender has the right to seize and liquidate the collateral to recover the outstanding debt. 5. Covenants and representations: The agreement may include specific promises made by ADAC Laboratories, such as maintaining insurance coverage on the collateral, providing financial statements, and complying with certain financial ratios. 6. Events of default: The agreement will outline the circumstances under which ABN AFRO Bank can declare ADAC Laboratories in default, such as non-payment, breach of covenants, or bankruptcy. It will also specify the remedies available to the lender if default occurs. It's important to note that the exact terms and conditions of a San Jose California Borrower Security Agreement can vary depending on the needs and negotiation between the parties involved. Different types or versions of a San Jose California Borrower Security Agreement between ADAC Laboratories and ABN AFRO Bank may include variations based on the loan amount, collateral type, or specific provisions tailored to meet the borrowing requirements of ADAC Laboratories. These variations can be outlined as separate agreements or amendments to the original agreement.