Franklin Ohio General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio General Security Agreement is a legal document that grants a secured party a secured interest in certain assets or property of a debtor. This agreement is used to establish the priority of the secured party's rights over the assets, ensuring that the secured party will be repaid in the event of default or bankruptcy. Keywords: Franklin Ohio, General Security Agreement, secured party, secured interest, assets, property, debtor, priority, default, bankruptcy. Different Types of Franklin Ohio General Security Agreement granting secured party secured interest: 1. Real Estate General Security Agreement: This type of agreement is specifically used to secure the interest of a secured party in real estate properties owned by the debtor. It establishes a lien or mortgage on the property to protect the secured party's rights. 2. Chattel General Security Agreement: A Chattel General Security Agreement is utilized to secure the interest of a secured party in personal property owned by the debtor. This can include tangible assets like equipment, machinery, inventory, and even intangible assets like accounts receivable or intellectual property. 3. Floating Charge General Security Agreement: A Floating Charge General Security Agreement grants a secured party a security interest in a company's present or future assets. As opposed to specific assets, this agreement covers a broad range of assets that may change over time. It offers flexibility to the debtor while securing the interests of the secured party. 4. Purchase Money Security Agreement: A Purchase Money Security Agreement is commonly used in financing arrangements where the debtor takes a loan to purchase specific assets, like a vehicle or equipment. This agreement grants the secured party a security interest in the acquired asset to ensure repayment. 5. Debenture or Bond General Security Agreement: In certain financial transactions, a Debenture or Bond General Security Agreement may be used to secure the interests of bondholders or debenture holders. It grants the secured party a security interest in the debtor's assets to safeguard their investment. In Franklin Ohio, these different types of General Security Agreements serve to create a legally binding relationship between a secured party and a debtor. They provide a framework for protecting the interests of the secured party and ensuring repayment in case of default or insolvency. It is advisable to consult with legal professionals to draft and execute these agreements accurately.

A Franklin Ohio General Security Agreement is a legal document that grants a secured party a secured interest in certain assets or property of a debtor. This agreement is used to establish the priority of the secured party's rights over the assets, ensuring that the secured party will be repaid in the event of default or bankruptcy. Keywords: Franklin Ohio, General Security Agreement, secured party, secured interest, assets, property, debtor, priority, default, bankruptcy. Different Types of Franklin Ohio General Security Agreement granting secured party secured interest: 1. Real Estate General Security Agreement: This type of agreement is specifically used to secure the interest of a secured party in real estate properties owned by the debtor. It establishes a lien or mortgage on the property to protect the secured party's rights. 2. Chattel General Security Agreement: A Chattel General Security Agreement is utilized to secure the interest of a secured party in personal property owned by the debtor. This can include tangible assets like equipment, machinery, inventory, and even intangible assets like accounts receivable or intellectual property. 3. Floating Charge General Security Agreement: A Floating Charge General Security Agreement grants a secured party a security interest in a company's present or future assets. As opposed to specific assets, this agreement covers a broad range of assets that may change over time. It offers flexibility to the debtor while securing the interests of the secured party. 4. Purchase Money Security Agreement: A Purchase Money Security Agreement is commonly used in financing arrangements where the debtor takes a loan to purchase specific assets, like a vehicle or equipment. This agreement grants the secured party a security interest in the acquired asset to ensure repayment. 5. Debenture or Bond General Security Agreement: In certain financial transactions, a Debenture or Bond General Security Agreement may be used to secure the interests of bondholders or debenture holders. It grants the secured party a security interest in the debtor's assets to safeguard their investment. In Franklin Ohio, these different types of General Security Agreements serve to create a legally binding relationship between a secured party and a debtor. They provide a framework for protecting the interests of the secured party and ensuring repayment in case of default or insolvency. It is advisable to consult with legal professionals to draft and execute these agreements accurately.