Los Angeles California Security Agreement between PCSupport.com, Inc. and ICE Holdings North America

• Category: Corporations - Public - Services
• State: Multi-State
• County: Los Angeles
• Control #: US-EG-9423
• Format: Word; Rich Text

Description

Services Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January, 2000. 29 pages. Los Angeles California Security Agreement between PCSupport.com, Inc. and ICE Holdings North America: Introduction: A Los Angeles California Security Agreement is a legal document that outlines the terms and conditions of a financial agreement between PCSupport.com, Inc. and ICE Holdings North America. This agreement serves to protect the interests of both parties and ensures that certain assets or collateral are provided as security for any potential debts or obligations. Key Features of the Security Agreement: 1. Collateral: In a Los Angeles California Security Agreement, PCSupport.com, Inc. agrees to provide specific collateral as security for the obligations owed to ICE Holdings North America. The collateral may involve assets such as equipment, property, inventory, or accounts receivable. This asset will be used as security in case of a default on the financial obligations. 2. Priority of Interest: The Security Agreement determines the priority of interest in the collateral. It stipulates that ICE Holdings North America maintains a secured interest in the provided collateral until the obligations are fulfilled. This ensures that in case of default or bankruptcy, ICE Holdings North America has the right to recover its debt by liquidating or selling the collateral. 3. Lien Perfection: The Security Agreement mandates PCSupport.com, Inc. to take necessary actions to perfect the security interest of ICE Holdings North America. Such actions include filing appropriate documents with relevant authorities in Los Angeles County to establish the priority of the security interest. 4. Default and Remedies: The document outlines the conditions under which a default occurs, such as failure to make payments or breach of any other terms. It also lists the remedies available to ICE Holdings North America in case of default, which may include the right to seize and sell the collateral or take legal action. Types of Los Angeles California Security Agreement: 1. Real Estate Security Agreement: This type of agreement involves using real estate property as collateral. PCSupport.com, Inc. may pledge a property located in Los Angeles County as security for the obligation owed to ICE Holdings North America. 2. Equipment Security Agreement: If PCSupport.com, Inc. possesses valuable equipment, such as computer servers or software, it can be pledged as collateral to secure the financial obligations between the parties. 3. Accounts Receivable Security Agreement: In this case, PCSupport.com, Inc. can use its outstanding accounts receivable as collateral. This allows ICE Holdings North America to claim the funds owed to PCSupport.com, Inc. should the obligations remain unfulfilled. Conclusion: A Los Angeles California Security Agreement is a vital legal document that safeguards the interests of both PCSupport.com, Inc. and ICE Holdings North America. By detailing the collateral, establishing security interests, and defining remedies in case of default, this agreement ensures transparency and accountability in the financial arrangement between the two parties.

Los Angeles California Security Agreement between PCSupport.com, Inc. and ICE Holdings North America: Introduction: A Los Angeles California Security Agreement is a legal document that outlines the terms and conditions of a financial agreement between PCSupport.com, Inc. and ICE Holdings North America. This agreement serves to protect the interests of both parties and ensures that certain assets or collateral are provided as security for any potential debts or obligations. Key Features of the Security Agreement: 1. Collateral: In a Los Angeles California Security Agreement, PCSupport.com, Inc. agrees to provide specific collateral as security for the obligations owed to ICE Holdings North America. The collateral may involve assets such as equipment, property, inventory, or accounts receivable. This asset will be used as security in case of a default on the financial obligations. 2. Priority of Interest: The Security Agreement determines the priority of interest in the collateral. It stipulates that ICE Holdings North America maintains a secured interest in the provided collateral until the obligations are fulfilled. This ensures that in case of default or bankruptcy, ICE Holdings North America has the right to recover its debt by liquidating or selling the collateral. 3. Lien Perfection: The Security Agreement mandates PCSupport.com, Inc. to take necessary actions to perfect the security interest of ICE Holdings North America. Such actions include filing appropriate documents with relevant authorities in Los Angeles County to establish the priority of the security interest. 4. Default and Remedies: The document outlines the conditions under which a default occurs, such as failure to make payments or breach of any other terms. It also lists the remedies available to ICE Holdings North America in case of default, which may include the right to seize and sell the collateral or take legal action. Types of Los Angeles California Security Agreement: 1. Real Estate Security Agreement: This type of agreement involves using real estate property as collateral. PCSupport.com, Inc. may pledge a property located in Los Angeles County as security for the obligation owed to ICE Holdings North America. 2. Equipment Security Agreement: If PCSupport.com, Inc. possesses valuable equipment, such as computer servers or software, it can be pledged as collateral to secure the financial obligations between the parties. 3. Accounts Receivable Security Agreement: In this case, PCSupport.com, Inc. can use its outstanding accounts receivable as collateral. This allows ICE Holdings North America to claim the funds owed to PCSupport.com, Inc. should the obligations remain unfulfilled. Conclusion: A Los Angeles California Security Agreement is a vital legal document that safeguards the interests of both PCSupport.com, Inc. and ICE Holdings North America. By detailing the collateral, establishing security interests, and defining remedies in case of default, this agreement ensures transparency and accountability in the financial arrangement between the two parties.