Travis Texas General Security Agreement granting secured party secured interest

• Category: Corporations - Public - Security
• State: Multi-State
• County: Travis
• 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. Travis Texas General Security Agreement is a legal document designed to grant a secured party a secured interest in specific collateral, ensuring repayment or performance of a secured obligation. This agreement is utilized in various financial transactions, including loans, leases, and other commercial arrangements, aiming to protect the rights and interests of both the creditor (secured party) and the debtor. The General Security Agreement outlines the terms and conditions under which the secured party can claim rights over certain assets or property, known as collateral, in the event of default by the debtor. The collateral serves as security for the repayment or fulfillment of the secured obligation, reducing the risk for the creditor. This legal arrangement ensures that the secured party's interest takes priority over other claimants in case of insolvency or bankruptcy proceedings. Keywords: Travis Texas, General Security Agreement, secured party, secured interest, collateral, repayment, performance, financial transactions, loans, leases, commercial arrangements, rights and interests, creditor, debtor, default, claim rights, assets, property, security, secured obligation, risk, insolvency, bankruptcy, claimants. Types of Travis Texas General Security Agreement granting secured party secured interest may include: 1. Real Estate Security Agreement: This type of agreement grants the secured party a secured interest in real property assets, such as land, buildings, or any immovable structures. It ensures that the secured party has priority over other claimants in regard to the specified real estate collateral. 2. Personal Property Security Agreement: This agreement grants the secured party a secured interest in movable assets, including tangible and intangible personal property or assets, such as inventory, equipment, accounts receivable, intellectual property, or investment securities. It establishes the conditions for the secured party's claim and the procedures for enforcing it. 3. Equipment Security Agreement: This type of agreement specifically grants the secured party a secured interest in equipment or machinery assets owned by the debtor. It ensures that the secured party has rights and priority over other parties in the event of default or non-payment. 4. Inventory Security Agreement: This agreement provides the secured party with secured interest in the debtor's inventory, including finished goods, raw materials, and work-in-progress. It allows the secured party to claim these assets in case of default, safeguarding their position in the event of insolvency. Note: The specific types of Travis Texas General Security Agreements may vary depending on the jurisdiction and the involved parties' preferences. It is important to consult with legal professionals to understand the precise terms and conditions of any agreement.

Travis Texas General Security Agreement is a legal document designed to grant a secured party a secured interest in specific collateral, ensuring repayment or performance of a secured obligation. This agreement is utilized in various financial transactions, including loans, leases, and other commercial arrangements, aiming to protect the rights and interests of both the creditor (secured party) and the debtor. The General Security Agreement outlines the terms and conditions under which the secured party can claim rights over certain assets or property, known as collateral, in the event of default by the debtor. The collateral serves as security for the repayment or fulfillment of the secured obligation, reducing the risk for the creditor. This legal arrangement ensures that the secured party's interest takes priority over other claimants in case of insolvency or bankruptcy proceedings. Keywords: Travis Texas, General Security Agreement, secured party, secured interest, collateral, repayment, performance, financial transactions, loans, leases, commercial arrangements, rights and interests, creditor, debtor, default, claim rights, assets, property, security, secured obligation, risk, insolvency, bankruptcy, claimants. Types of Travis Texas General Security Agreement granting secured party secured interest may include: 1. Real Estate Security Agreement: This type of agreement grants the secured party a secured interest in real property assets, such as land, buildings, or any immovable structures. It ensures that the secured party has priority over other claimants in regard to the specified real estate collateral. 2. Personal Property Security Agreement: This agreement grants the secured party a secured interest in movable assets, including tangible and intangible personal property or assets, such as inventory, equipment, accounts receivable, intellectual property, or investment securities. It establishes the conditions for the secured party's claim and the procedures for enforcing it. 3. Equipment Security Agreement: This type of agreement specifically grants the secured party a secured interest in equipment or machinery assets owned by the debtor. It ensures that the secured party has rights and priority over other parties in the event of default or non-payment. 4. Inventory Security Agreement: This agreement provides the secured party with secured interest in the debtor's inventory, including finished goods, raw materials, and work-in-progress. It allows the secured party to claim these assets in case of default, safeguarding their position in the event of insolvency. Note: The specific types of Travis Texas General Security Agreements may vary depending on the jurisdiction and the involved parties' preferences. It is important to consult with legal professionals to understand the precise terms and conditions of any agreement.