Orange California General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: Orange
• 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. Orange, California General Security Agreement is a legally binding contract that establishes a secured interest for a secured party. This agreement outlines the rights and obligations of both parties involved in a security transaction. It serves as a means of ensuring repayment and protection against potential default by the debtor. The General Security Agreement in Orange, California grants the secured party a secured interest in the debtor's assets. These assets can include tangible property, such as equipment, vehicles, or inventory, as well as intangible assets, like accounts receivable or intellectual property. By obtaining a secured interest, the secured party gains priority over other creditors in case of default or insolvency. Keywords: Orange, California, General Security Agreement, secured party, secured interest, legally binding contract, rights and obligations, security transaction, repayment, protection, default, debtor, tangible property, equipment, vehicles, inventory, intangible assets, accounts receivable, intellectual property, priority, creditors, insolvency. There are different types of General Security Agreements granting a secured interest in Orange, California. Some of these include: 1. Specific Asset Security Agreement: This agreement focuses on specific assets specified by the secured party and provides security solely for those assets. It ensures that the secured party has a secured interest in the identified collateral. 2. Floating Charge Security Agreement: This agreement grants the secured party a secured interest in a fluctuating pool of assets. These assets may change over time, but the secured party maintains a general claim on the debtor's assets until the debtor defaults or repays the obligation. 3. All-Assets Security Agreement: This broad type of security agreement grants the secured party a secured interest in all present and future assets of the debtor. It offers the highest level of security by covering all assets owned or acquired by the debtor during the agreement's duration. 4. Cross-Collateralization Agreement: This agreement allows the secured party to secure multiple obligations with a single asset. If the debtor defaults on any of the obligations, the secured party can enforce its secured interest on the collateral. It is important for parties involved in a security transaction in Orange, California to carefully draft and execute a General Security Agreement that best suits their needs and protects their interests. Keywords: Specific Asset Security Agreement, Floating Charge Security Agreement, All-Assets Security Agreement, Cross-Collateralization Agreement, security transaction, secured interest, assets, collateral, debtor, default, obligation, priority, creditors, insolvency, Orange, California.

Orange, California General Security Agreement is a legally binding contract that establishes a secured interest for a secured party. This agreement outlines the rights and obligations of both parties involved in a security transaction. It serves as a means of ensuring repayment and protection against potential default by the debtor. The General Security Agreement in Orange, California grants the secured party a secured interest in the debtor's assets. These assets can include tangible property, such as equipment, vehicles, or inventory, as well as intangible assets, like accounts receivable or intellectual property. By obtaining a secured interest, the secured party gains priority over other creditors in case of default or insolvency. Keywords: Orange, California, General Security Agreement, secured party, secured interest, legally binding contract, rights and obligations, security transaction, repayment, protection, default, debtor, tangible property, equipment, vehicles, inventory, intangible assets, accounts receivable, intellectual property, priority, creditors, insolvency. There are different types of General Security Agreements granting a secured interest in Orange, California. Some of these include: 1. Specific Asset Security Agreement: This agreement focuses on specific assets specified by the secured party and provides security solely for those assets. It ensures that the secured party has a secured interest in the identified collateral. 2. Floating Charge Security Agreement: This agreement grants the secured party a secured interest in a fluctuating pool of assets. These assets may change over time, but the secured party maintains a general claim on the debtor's assets until the debtor defaults or repays the obligation. 3. All-Assets Security Agreement: This broad type of security agreement grants the secured party a secured interest in all present and future assets of the debtor. It offers the highest level of security by covering all assets owned or acquired by the debtor during the agreement's duration. 4. Cross-Collateralization Agreement: This agreement allows the secured party to secure multiple obligations with a single asset. If the debtor defaults on any of the obligations, the secured party can enforce its secured interest on the collateral. It is important for parties involved in a security transaction in Orange, California to carefully draft and execute a General Security Agreement that best suits their needs and protects their interests. Keywords: Specific Asset Security Agreement, Floating Charge Security Agreement, All-Assets Security Agreement, Cross-Collateralization Agreement, security transaction, secured interest, assets, collateral, debtor, default, obligation, priority, creditors, insolvency, Orange, California.