Bronx New York Promissory Note and Pledge Agreement regarding loan and grant of security interest in shares of the company's common stock

• Category: Corporations - Public - Pledge
• State: Multi-State
• County: Bronx
• Control #: US-EG-9329
• Format: Word; Rich Text

Description

Promissory Note and Pledge Agreement between iPrint.Inc. and James P. McCormick regarding loan and grant to company a security interest in shares of the company's common stock dated October 13, 1999. 3 pages. Bronx New York Promissory Note and Pledge Agreement is a legal document that outlines the terms and conditions of a loan agreement between a lender and a borrower, while also establishing a security interest in shares of the company's common stock. This agreement serves to protect the lender in case of default by the borrower, as it allows the lender to legally access and sell the pledged shares to recover the loan amount. Keywords: Bronx New York, Promissory Note, Pledge Agreement, loan, grant, security interest, shares, company's common stock. There can be different types of Bronx New York Promissory Note and Pledge Agreement variations depending on the specific terms and conditions agreed upon by the parties involved. Some named types may include: 1. Traditional Promissory Note and Pledge Agreement: This type of agreement outlines the borrower's promise to repay the loan, along with a pledge of the company's common stock to secure the loan amount. It may include provisions such as interest rate, repayment terms, default consequences, and procedures for enforcing the security interest. 2. Convertible Promissory Note and Pledge Agreement: In this type of agreement, the lender provides a loan to the borrower with an option to convert the loan amount into shares of the company's common stock at a predetermined conversion rate. The pledged shares act as collateral for this convertible loan. 3. Secured Promissory Note and Pledge Agreement: This agreement includes additional security measures, such as the borrower providing additional assets or personal guarantees alongside the pledge of shares. This ensures further protection for the lender in case of default. 4. Restrictive Promissory Note and Pledge Agreement: This type of agreement may carry certain restrictions that limit the borrower's ability to transfer or sell the pledged shares without the lender's consent. It ensures that the lender has control over the pledged shares until the loan is repaid. It is important to consult with legal professionals for an accurate understanding of the specific types and variations of Bronx New York Promissory Note and Pledge Agreement, as they may vary based on individual circumstances and jurisdictional requirements.

Bronx New York Promissory Note and Pledge Agreement is a legal document that outlines the terms and conditions of a loan agreement between a lender and a borrower, while also establishing a security interest in shares of the company's common stock. This agreement serves to protect the lender in case of default by the borrower, as it allows the lender to legally access and sell the pledged shares to recover the loan amount. Keywords: Bronx New York, Promissory Note, Pledge Agreement, loan, grant, security interest, shares, company's common stock. There can be different types of Bronx New York Promissory Note and Pledge Agreement variations depending on the specific terms and conditions agreed upon by the parties involved. Some named types may include: 1. Traditional Promissory Note and Pledge Agreement: This type of agreement outlines the borrower's promise to repay the loan, along with a pledge of the company's common stock to secure the loan amount. It may include provisions such as interest rate, repayment terms, default consequences, and procedures for enforcing the security interest. 2. Convertible Promissory Note and Pledge Agreement: In this type of agreement, the lender provides a loan to the borrower with an option to convert the loan amount into shares of the company's common stock at a predetermined conversion rate. The pledged shares act as collateral for this convertible loan. 3. Secured Promissory Note and Pledge Agreement: This agreement includes additional security measures, such as the borrower providing additional assets or personal guarantees alongside the pledge of shares. This ensures further protection for the lender in case of default. 4. Restrictive Promissory Note and Pledge Agreement: This type of agreement may carry certain restrictions that limit the borrower's ability to transfer or sell the pledged shares without the lender's consent. It ensures that the lender has control over the pledged shares until the loan is repaid. It is important to consult with legal professionals for an accurate understanding of the specific types and variations of Bronx New York Promissory Note and Pledge Agreement, as they may vary based on individual circumstances and jurisdictional requirements.