Cuyahoga Ohio General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: Cuyahoga
• Control #: US-EG-9496
• Format: Word; Rich Text

Description

General Security Agreement between U.S. Wireless Data, Inc. and ComVest Capital Management, LLC regarding granting secured party secured interest dated December 30, 1999. 18 pages. A Cuyahoga Ohio General Security Agreement is a legal document that grants a secured party a secured interest in the property or assets of a debtor to secure a debt or obligation. This agreement ensures that the secured party has a priority claim over the specified collateral in case of default or non-payment. Keywords: Cuyahoga, Ohio, General Security Agreement, secured party, secured interest, collateral, debtor, debt, obligation, priority claim, default, non-payment. There are different types of Cuyahoga Ohio General Security Agreements that can be used depending on the nature of the debt or obligation: 1. Real Estate Security Agreement: This type of agreement is used when the collateral involves real property, such as land, buildings, or other immovable assets. It establishes a lien on the property, giving the secured party priority rights. 2. Equipment Security Agreement: When the collateral involves equipment, machinery, or other moveable assets, this type of agreement is utilized. It ensures that the secured party has a secured interest in the equipment, allowing for repossession or sale in case of default. 3. Accounts Receivable Security Agreement: This agreement is applicable when the debtor pledges their accounts receivable as collateral. It grants the secured party rights to collect the outstanding payments from the debtor's customers if necessary. 4. Intellectual Property Security Agreement: When the collateral involves intellectual property assets like patents, copyrights, or trademarks, this type of agreement is used. It establishes a secured interest in the intellectual property, allowing the secured party to take possession or sell it if the debtor defaults. 5. Inventory Security Agreement: If the collateral includes inventory or stock, this agreement is utilized. It grants the secured party a secured interest in the inventory, enabling them to seize or sell it in case of non-payment. Overall, a Cuyahoga Ohio General Security Agreement is an essential legal document that allows a secured party to protect their interests and ensure the debt repayment by having a claim on the specified collateral in case of default or non-payment.

A Cuyahoga Ohio General Security Agreement is a legal document that grants a secured party a secured interest in the property or assets of a debtor to secure a debt or obligation. This agreement ensures that the secured party has a priority claim over the specified collateral in case of default or non-payment. Keywords: Cuyahoga, Ohio, General Security Agreement, secured party, secured interest, collateral, debtor, debt, obligation, priority claim, default, non-payment. There are different types of Cuyahoga Ohio General Security Agreements that can be used depending on the nature of the debt or obligation: 1. Real Estate Security Agreement: This type of agreement is used when the collateral involves real property, such as land, buildings, or other immovable assets. It establishes a lien on the property, giving the secured party priority rights. 2. Equipment Security Agreement: When the collateral involves equipment, machinery, or other moveable assets, this type of agreement is utilized. It ensures that the secured party has a secured interest in the equipment, allowing for repossession or sale in case of default. 3. Accounts Receivable Security Agreement: This agreement is applicable when the debtor pledges their accounts receivable as collateral. It grants the secured party rights to collect the outstanding payments from the debtor's customers if necessary. 4. Intellectual Property Security Agreement: When the collateral involves intellectual property assets like patents, copyrights, or trademarks, this type of agreement is used. It establishes a secured interest in the intellectual property, allowing the secured party to take possession or sell it if the debtor defaults. 5. Inventory Security Agreement: If the collateral includes inventory or stock, this agreement is utilized. It grants the secured party a secured interest in the inventory, enabling them to seize or sell it in case of non-payment. Overall, a Cuyahoga Ohio General Security Agreement is an essential legal document that allows a secured party to protect their interests and ensure the debt repayment by having a claim on the specified collateral in case of default or non-payment.