San Bernardino California General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: San Bernardino
• 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 San Bernardino California General Security Agreement granting secured party secured interest is a legal document that establishes a contractual relationship between a debtor and a secured party. This agreement outlines the rights and responsibilities of both parties regarding the collateral provided by the debtor to secure a debt or obligation. In San Bernardino, California, there are several types of General Security Agreements that can grant secured interest to a secured party. These include: 1. Real Estate Security Agreement: This type of agreement grants secured interest in real property, such as land or buildings. It ensures that the secured party has a legal claim to the property in case the debtor defaults on the debt. 2. Personal Property Security Agreement: This agreement applies to personal property assets, such as vehicles, equipment, inventory, or accounts receivable. It enables the secured party to take possession or sell the collateral to recover the debt if the debtor fails to fulfill their obligations. 3. Intellectual Property Security Agreement: This type of agreement grants the secured party secured interest in intangible assets, such as patents, trademarks, copyrights, or trade secrets. It protects the secured party's rights over these intellectual properties in case of default. 4. Accounts Receivable Security Agreement: This agreement specifically addresses securing interest in accounts receivable. It allows the secured party to collect or sell the debtor's outstanding invoices or receivables to satisfy the debt. 5. Investment Security Agreement: This agreement grants secured interest in investment securities, such as stocks, bonds, or mutual funds. It ensures that the secured party can claim ownership or sell these assets to recover their investment if the debtor defaults. A San Bernardino California General Security Agreement typically includes essential details such as the names and addresses of the secured party and debtor, the description of the collateral, obligations and liabilities, default provisions, and the remedies available to the secured party in case of default. It is important for both parties to thoroughly review and understand the terms of the agreement before signing to ensure their rights and interests are adequately protected.

A San Bernardino California General Security Agreement granting secured party secured interest is a legal document that establishes a contractual relationship between a debtor and a secured party. This agreement outlines the rights and responsibilities of both parties regarding the collateral provided by the debtor to secure a debt or obligation. In San Bernardino, California, there are several types of General Security Agreements that can grant secured interest to a secured party. These include: 1. Real Estate Security Agreement: This type of agreement grants secured interest in real property, such as land or buildings. It ensures that the secured party has a legal claim to the property in case the debtor defaults on the debt. 2. Personal Property Security Agreement: This agreement applies to personal property assets, such as vehicles, equipment, inventory, or accounts receivable. It enables the secured party to take possession or sell the collateral to recover the debt if the debtor fails to fulfill their obligations. 3. Intellectual Property Security Agreement: This type of agreement grants the secured party secured interest in intangible assets, such as patents, trademarks, copyrights, or trade secrets. It protects the secured party's rights over these intellectual properties in case of default. 4. Accounts Receivable Security Agreement: This agreement specifically addresses securing interest in accounts receivable. It allows the secured party to collect or sell the debtor's outstanding invoices or receivables to satisfy the debt. 5. Investment Security Agreement: This agreement grants secured interest in investment securities, such as stocks, bonds, or mutual funds. It ensures that the secured party can claim ownership or sell these assets to recover their investment if the debtor defaults. A San Bernardino California General Security Agreement typically includes essential details such as the names and addresses of the secured party and debtor, the description of the collateral, obligations and liabilities, default provisions, and the remedies available to the secured party in case of default. It is important for both parties to thoroughly review and understand the terms of the agreement before signing to ensure their rights and interests are adequately protected.