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

Name: Sacramento California Security Agreement between PCSupport.com, Inc. and ICE Holdings North America
Brand: US Legal Forms
Rating: 4.71 (434 reviews)

Category:

Corporations - Public - Services

State:

Multi-State

County:

Sacramento

Control #:

US-EG-9423

Format:

Instant download

Description

Services Agreement between PCSupport.com, Inc. and ICE Holdings North America, LLC dated January, 2000. 29 pages.

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Loans from banks or other institutional lenders are always made using a number of documents, two of which are a promissory and security agreement. In general, the promissory note is your written promise to repay the loan and a security agreement is used when collateral is given for the loan.

The court noted that the California Commercial Code provides that a person may file a UCC-1 only if the debtor authorizes the filing by (1) authenticating a security agreement; (2) becoming bound as debtor by a security agreement; or (3) acquiring collateral in which a security interest is attached.

Security agreements are a necessary part of the business world, as lenders would never extend credit to certain companies without them. In the event that the borrower defaults, the pledged collateral can be seized by the lender and sold.

A security agreement, in the law of the United States, is a contract that governs the relationship between the parties to a kind of financial transaction known as a secured transaction.

The debtor must authenticate the security agreement by signing a statement that announces the intention to grant a security interest in the property specifically outlined in the security agreement.

A statute of frauds within UCC Article 9 requires the security agreement be in writing. An exception to this requirement is when a security interest is pledged.

Article 9 contains a statute of frauds which requires a security agreement to be in writing unless it is pledged.

What is a General Security Agreement? A GSA is a contract signed between two parties, a borrower and a lender. The GSA protects the lender by creating a security interest in all or some of the assets of the borrower. In sum, the GSA outlines the terms and conditions of the loan, and lists the assets used for security.

Certain specific requirements are required for the security agreement to form the foundation for a valid security interest, namely 1) it must be signed, 2) it must clearly state that a security interest is intended, and 3) it must contain a sufficient description of the collateral subject to the security interest.

A ?SECURITY AGREEMENT? is an agreement that. creates or provides for an interest in personal property. that secures payment or performance of an obligation. Uniform Commercial Code (§9-102(a)(73); §1-201(b)(35)).

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

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How to fill out Sacramento California Security Agreement Between PCSupport.com, Inc. And ICE Holdings North America?

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Is a security agreement the same as a loan agreement?

Can you file a UCC 1 without a security agreement?

Is a security agreement required?

Is a security agreement a contract?

Who must authenticate a security agreement?

Does a security agreement have to be in writing?

Does a security agreement need to be in writing?

What is a feature of a general security agreement?

What should be included in security agreement?

What is security protection agreement?

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What is the Sacramento Security Agreement?

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What assets or information does the Sacramento Security Agreement cover?

What security measures are outlined in the Sacramento Security Agreement?

What are the responsibilities of PCSupport.com, Inc. in the Sacramento Security Agreement?

What are the responsibilities of ICE Holdings North America798234 in the Sacramento Security Agreement?

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