Maricopa Arizona General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona General Security Agreement granting secured party secured interest is a legal document that establishes a contractual relationship between a borrower and a lender in Maricopa, Arizona. This agreement is designed to protect the rights of the lender, referred to as the secured party, in case the borrower defaults on their loan obligations. Keywords: Maricopa Arizona, General Security Agreement, secured party, secured interest, contractual relationship, borrower, lender, loan obligations, defaults. Different types of Maricopa Arizona General Security Agreement granting secured party secured interest may include: 1. Real Property Security Agreement: This type of agreement grants the secured party a secured interest in the borrower's real estate property located in Maricopa, Arizona. It ensures that if the borrower defaults, the secured party has the right to recover their investment by seizing or selling the property. 2. Chattel Mortgage Agreement: This agreement pertains to movable personal property, such as vehicles, equipment, or inventory. It grants the secured party a secured interest in the borrower's chattels, allowing them to repossess or sell the assets in case of default. 3. Accounts Receivable Financing Agreement: This type of agreement involves the borrower granting a secured interest in their accounts receivable to the secured party. It ensures that any payments owed to the borrower by their customers will be redirected to the secured party if the borrower fails to repay the loan. 4. Intellectual Property Security Agreement: In cases where the borrower owns valuable intellectual property, such as patents, copyrights, or trademarks, this agreement grants a secured interest to the lender. Consequently, if the borrower defaults, the secured party can seize or license the intellectual property to recoup their investment. 5. General Security Agreement with Floating Charge: This agreement is comprehensive and provides the secured party a secured interest in all present and future assets of the borrower. By using a floating charge, the secured party has the flexibility to extend their secured interest to assets acquired after the agreement is made. Maricopa Arizona General Security Agreements granting secured party secured interest are crucial to ensure that lenders are protected in the event of borrower defaults, providing a legal framework for the recovery of their investment.

A Maricopa Arizona General Security Agreement granting secured party secured interest is a legal document that establishes a contractual relationship between a borrower and a lender in Maricopa, Arizona. This agreement is designed to protect the rights of the lender, referred to as the secured party, in case the borrower defaults on their loan obligations. Keywords: Maricopa Arizona, General Security Agreement, secured party, secured interest, contractual relationship, borrower, lender, loan obligations, defaults. Different types of Maricopa Arizona General Security Agreement granting secured party secured interest may include: 1. Real Property Security Agreement: This type of agreement grants the secured party a secured interest in the borrower's real estate property located in Maricopa, Arizona. It ensures that if the borrower defaults, the secured party has the right to recover their investment by seizing or selling the property. 2. Chattel Mortgage Agreement: This agreement pertains to movable personal property, such as vehicles, equipment, or inventory. It grants the secured party a secured interest in the borrower's chattels, allowing them to repossess or sell the assets in case of default. 3. Accounts Receivable Financing Agreement: This type of agreement involves the borrower granting a secured interest in their accounts receivable to the secured party. It ensures that any payments owed to the borrower by their customers will be redirected to the secured party if the borrower fails to repay the loan. 4. Intellectual Property Security Agreement: In cases where the borrower owns valuable intellectual property, such as patents, copyrights, or trademarks, this agreement grants a secured interest to the lender. Consequently, if the borrower defaults, the secured party can seize or license the intellectual property to recoup their investment. 5. General Security Agreement with Floating Charge: This agreement is comprehensive and provides the secured party a secured interest in all present and future assets of the borrower. By using a floating charge, the secured party has the flexibility to extend their secured interest to assets acquired after the agreement is made. Maricopa Arizona General Security Agreements granting secured party secured interest are crucial to ensure that lenders are protected in the event of borrower defaults, providing a legal framework for the recovery of their investment.