Wake North Carolina Pledge and Security Agreement regarding the finance of acquisition of shares of common stock

• Category: Corporations - Public - Security
• State: Multi-State
• County: Wake
• 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. The Wake North Carolina Pledge and Security Agreement is a legally binding document that outlines the terms and conditions for financing the acquisition of shares of common stock. This agreement serves as a means to secure the creditor's interest in the stock and ensures repayment of the loan provided for the acquisition. The agreement typically includes detailed information about the parties involved, such as the borrower (acquirer) and the lender, as well as the specific terms of the loan. It outlines the amount of funding provided for the acquisition, the interest rate, repayment schedule, and any collateral or assets that will be pledged as security for the loan. In the Wake North Carolina Pledge and Security Agreement, the acquirer pledges the acquired shares of common stock as collateral to the lender. This means that if the borrower defaults on the loan or fails to meet the agreed-upon repayment terms, the lender has the right to take ownership of the pledged shares to recover their investment. Additionally, other key terms may be included in the agreement, such as provisions for events of default, representations and warranties made by the borrower regarding the shares, and covenants or restrictions on the use of the shares during the loan term. It is important to note that while the general concept and purpose of the Wake North Carolina Pledge and Security Agreement remain consistent, there may be different variations or types of this agreement based on specific circumstances or additional requirements. Some possible variations might include: 1. Wake North Carolina Collateralized Stock Purchase Agreement: This type of agreement includes provisions for the lateralization of stock to secure a loan specifically for the purchase of shares of common stock. 2. Wake North Carolina Stock Pledge Agreement: This agreement solely focuses on the pledging of shares of common stock as collateral to secure a loan, without any specific finance provisions related to the acquisition. 3. Wake North Carolina Stock Purchase Agreement: This agreement pertains to the purchase of shares of common stock without any finance or loan-related provisions. It may still include compliance and representation aspects related to the acquired shares. In summary, the Wake North Carolina Pledge and Security Agreement is a legal document that outlines the terms and conditions for financing the acquisition of shares of common stock. It serves as a means to secure the creditor's interest in the stock and ensures repayment of the loan. While variations may exist, each agreement generally includes key elements such as the loan amount, repayment terms, collateral, and provisions for default and restrictions on the shares.

The Wake North Carolina Pledge and Security Agreement is a legally binding document that outlines the terms and conditions for financing the acquisition of shares of common stock. This agreement serves as a means to secure the creditor's interest in the stock and ensures repayment of the loan provided for the acquisition. The agreement typically includes detailed information about the parties involved, such as the borrower (acquirer) and the lender, as well as the specific terms of the loan. It outlines the amount of funding provided for the acquisition, the interest rate, repayment schedule, and any collateral or assets that will be pledged as security for the loan. In the Wake North Carolina Pledge and Security Agreement, the acquirer pledges the acquired shares of common stock as collateral to the lender. This means that if the borrower defaults on the loan or fails to meet the agreed-upon repayment terms, the lender has the right to take ownership of the pledged shares to recover their investment. Additionally, other key terms may be included in the agreement, such as provisions for events of default, representations and warranties made by the borrower regarding the shares, and covenants or restrictions on the use of the shares during the loan term. It is important to note that while the general concept and purpose of the Wake North Carolina Pledge and Security Agreement remain consistent, there may be different variations or types of this agreement based on specific circumstances or additional requirements. Some possible variations might include: 1. Wake North Carolina Collateralized Stock Purchase Agreement: This type of agreement includes provisions for the lateralization of stock to secure a loan specifically for the purchase of shares of common stock. 2. Wake North Carolina Stock Pledge Agreement: This agreement solely focuses on the pledging of shares of common stock as collateral to secure a loan, without any specific finance provisions related to the acquisition. 3. Wake North Carolina Stock Purchase Agreement: This agreement pertains to the purchase of shares of common stock without any finance or loan-related provisions. It may still include compliance and representation aspects related to the acquired shares. In summary, the Wake North Carolina Pledge and Security Agreement is a legal document that outlines the terms and conditions for financing the acquisition of shares of common stock. It serves as a means to secure the creditor's interest in the stock and ensures repayment of the loan. While variations may exist, each agreement generally includes key elements such as the loan amount, repayment terms, collateral, and provisions for default and restrictions on the shares.