San Antonio Texas General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• City: San Antonio
• 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. San Antonio, Texas is a vibrant city located in the southern part of the state. It is known for its rich history, cultural heritage, and diverse community. One important aspect of business transactions in San Antonio is the use of General Security Agreements (GSA) to grant secured parties secured interest. A General Security Agreement is a legal document that establishes the rights and obligations between a debtor and a secured party. By entering into this agreement, the debtor grants the secured party an interest in their assets as collateral for a loan or a debt. The secured party, typically a lender or creditor, is then entitled to seize and sell the assets to recover their investment in case of default. In San Antonio, there are several types of General Security Agreements that can be used to grant secured parties secured interest. These include: 1. Real Property GSA: This type of agreement is used when the collateral offered by the debtor is real estate, such as land, buildings, or other immovable properties in San Antonio. 2. Personal Property GSA: For movable assets like equipment, inventory, vehicles, or intellectual property, a personal property GSA is utilized. It covers a wide range of assets that can be easily transferred and is essential in various industries in San Antonio, from manufacturing to technology. 3. Accounts Receivable GSA: In cases where the debtor's collateral consists of unpaid invoices or accounts receivable, an accounts receivable GSA can be established. This ensures that the secured party has a claim on the debtor's current and future accounts receivable until the debt is repaid. 4. Investment Securities GSA: If the debtor holds investment securities such as stocks, bonds, or mutual funds, an investment securities GSA can be used to grant secured interest. This agreement allows the secured party to access the debtor's investment portfolio as collateral. Regardless of the specific type of General Security Agreement used in San Antonio, it is important for both parties to thoroughly understand and outline the terms and conditions of the agreement. This includes the description of the collateral, the repayment terms, interest rates, and any additional clauses or provisions that protect the rights of both the secured party and the debtor. In conclusion, San Antonio, Texas utilizes General Security Agreements to grant secured parties secured interest in various types of collateral, including real estate, personal property, accounts receivable, and investment securities. These agreements play a crucial role in ensuring the protection of lenders and creditors in the dynamic business environment of San Antonio.

San Antonio, Texas is a vibrant city located in the southern part of the state. It is known for its rich history, cultural heritage, and diverse community. One important aspect of business transactions in San Antonio is the use of General Security Agreements (GSA) to grant secured parties secured interest. A General Security Agreement is a legal document that establishes the rights and obligations between a debtor and a secured party. By entering into this agreement, the debtor grants the secured party an interest in their assets as collateral for a loan or a debt. The secured party, typically a lender or creditor, is then entitled to seize and sell the assets to recover their investment in case of default. In San Antonio, there are several types of General Security Agreements that can be used to grant secured parties secured interest. These include: 1. Real Property GSA: This type of agreement is used when the collateral offered by the debtor is real estate, such as land, buildings, or other immovable properties in San Antonio. 2. Personal Property GSA: For movable assets like equipment, inventory, vehicles, or intellectual property, a personal property GSA is utilized. It covers a wide range of assets that can be easily transferred and is essential in various industries in San Antonio, from manufacturing to technology. 3. Accounts Receivable GSA: In cases where the debtor's collateral consists of unpaid invoices or accounts receivable, an accounts receivable GSA can be established. This ensures that the secured party has a claim on the debtor's current and future accounts receivable until the debt is repaid. 4. Investment Securities GSA: If the debtor holds investment securities such as stocks, bonds, or mutual funds, an investment securities GSA can be used to grant secured interest. This agreement allows the secured party to access the debtor's investment portfolio as collateral. Regardless of the specific type of General Security Agreement used in San Antonio, it is important for both parties to thoroughly understand and outline the terms and conditions of the agreement. This includes the description of the collateral, the repayment terms, interest rates, and any additional clauses or provisions that protect the rights of both the secured party and the debtor. In conclusion, San Antonio, Texas utilizes General Security Agreements to grant secured parties secured interest in various types of collateral, including real estate, personal property, accounts receivable, and investment securities. These agreements play a crucial role in ensuring the protection of lenders and creditors in the dynamic business environment of San Antonio.