Kings New York Pledge and Security Agreement regarding the finance of acquisition of shares of common stock

• Category: Corporations - Public - Security
• State: Multi-State
• County: Kings
• Control #: US-EG-9314
• Format: Word; Rich Text

Description

Pledge and Security Agreement between James Thorburn and Semiconductor Components Industries, LLC regarding the finance of acquisition of shares of common stock dated November 8, 1999. 5 pages. Kings New York Pledge and Security Agreement is a legally binding document pertaining to the financing of the acquisition of common stock. This agreement sets out the terms and conditions under which a borrower can pledge their shares of common stock as collateral for a loan or other financial arrangement. The purpose of the Kings New York Pledge and Security Agreement is to protect the lender's interest in the borrowed funds or investment by providing a security interest in the shares of common stock owned by the borrower. This ensures that in the event of default, the lender has a right to the pledged shares to recover their investment. It is important to note that there may be different variations or types of Kings New York Pledge and Security Agreements specific to the finance of acquiring shares of common stock. These variations can depend on factors such as the specific financial institution involved, the nature of the borrower's relationship with the lender, and the specific terms negotiated between the parties. Some common types or variations of Kings New York Pledge and Security Agreements regarding the finance of acquiring shares of common stock may include: 1. Full Pledge Agreement: This type of agreement involves the borrower pledging all of their shares of common stock as collateral for the loan or investment. 2. Partial Pledge Agreement: In this scenario, the borrower pledges only a portion or certain percentage of their shares of common stock as collateral, leaving some shares unencumbered. 3. Floating Pledge Agreement: This type of agreement allows the borrower to pledge shares of common stock on an ongoing basis as they acquire them, rather than pledging all at once. This can provide flexibility for acquisitions or investments that occur over time. 4. Restricted Pledge Agreement: Some lenders may restrict the borrower's ability to sell or transfer the pledged shares without prior approval, providing added security for the lender. 5. Subordinate Pledge Agreement: This variation involves the lender taking a secondary or subordinate position to other creditors or lenders who also have a claim on the same shares of common stock. The lender's claim would come into effect only after the prior claims are satisfied. In conclusion, the Kings New York Pledge and Security Agreement is a comprehensive legal document that governs the finance of acquiring shares of common stock. It safeguards the lender's interest in establishing a security interest in the pledged shares, and there are various types or variations of this agreement that can be tailored to the specific circumstances of the borrower and lender.

Kings New York Pledge and Security Agreement is a legally binding document pertaining to the financing of the acquisition of common stock. This agreement sets out the terms and conditions under which a borrower can pledge their shares of common stock as collateral for a loan or other financial arrangement. The purpose of the Kings New York Pledge and Security Agreement is to protect the lender's interest in the borrowed funds or investment by providing a security interest in the shares of common stock owned by the borrower. This ensures that in the event of default, the lender has a right to the pledged shares to recover their investment. It is important to note that there may be different variations or types of Kings New York Pledge and Security Agreements specific to the finance of acquiring shares of common stock. These variations can depend on factors such as the specific financial institution involved, the nature of the borrower's relationship with the lender, and the specific terms negotiated between the parties. Some common types or variations of Kings New York Pledge and Security Agreements regarding the finance of acquiring shares of common stock may include: 1. Full Pledge Agreement: This type of agreement involves the borrower pledging all of their shares of common stock as collateral for the loan or investment. 2. Partial Pledge Agreement: In this scenario, the borrower pledges only a portion or certain percentage of their shares of common stock as collateral, leaving some shares unencumbered. 3. Floating Pledge Agreement: This type of agreement allows the borrower to pledge shares of common stock on an ongoing basis as they acquire them, rather than pledging all at once. This can provide flexibility for acquisitions or investments that occur over time. 4. Restricted Pledge Agreement: Some lenders may restrict the borrower's ability to sell or transfer the pledged shares without prior approval, providing added security for the lender. 5. Subordinate Pledge Agreement: This variation involves the lender taking a secondary or subordinate position to other creditors or lenders who also have a claim on the same shares of common stock. The lender's claim would come into effect only after the prior claims are satisfied. In conclusion, the Kings New York Pledge and Security Agreement is a comprehensive legal document that governs the finance of acquiring shares of common stock. It safeguards the lender's interest in establishing a security interest in the pledged shares, and there are various types or variations of this agreement that can be tailored to the specific circumstances of the borrower and lender.