Travis Texas Security Agreement regarding borrowing of funds and granting of security interest in assets

• Category: Corporations - Public - Security
• State: Multi-State
• County: Travis
• Control #: US-EG-9502
• Format: Word; Rich Text

Description

Security Agreement between Caldera Systems, Inc. and The Canopy Group, Inc. regarding borrowing of funds and granting of security interest in assets dated September 1, 1998. 4 pages. Travis Texas Security Agreement is a legal document that outlines the terms and conditions for borrowing funds and granting a security interest in assets. This agreement serves as a protection mechanism for lenders and creditors by securing their investment against default or non-payment. Under the Travis Texas Security Agreement, the borrower (known as the debtor) pledges specific assets as collateral to the lender (known as the secured party). These assets can include real estate properties, vehicles, equipment, inventory, accounts receivable, or any other valuable assets that hold value to secure the loan. The agreement also specifies the conditions under which the borrower can access the funds and the obligations and responsibilities they have towards the lender. It highlights the interest rates, repayment terms, penalties for late payments, and any other fees associated with the loan. Keywords: Travis Texas Security Agreement, borrowing funds, granting security interest, assets, collateral, debtor, secured party, real estate, vehicles, equipment, inventory, accounts receivable, loan. Different types of Travis Texas Security Agreements regarding borrowing funds and granting security interest in assets can include: 1. Real Estate Security Agreement: This agreement specifically focuses on securing loans against real estate properties such as houses, buildings, or land. 2. Chattel Mortgage Security Agreement: Chattel mortgages are commonly used for securing loans against movable assets like vehicles, equipment, or machinery. This specific type of security agreement ensures that the lender has a legal claim on the chattels until the loan is repaid. 3. Inventory Financing Security Agreement: This agreement pertains to borrowing funds using inventory as collateral. It enables businesses to secure loans based on their stock, ensuring the lender has recourse if the borrower defaults. 4. Accounts Receivable Financing Security Agreement: This type of agreement involves using accounts receivable as collateral for borrowing funds. It allows businesses to access cash by assigning their outstanding invoices to the lender. 5. General Security Agreement: A general security agreement covers a broader range of assets wherein the borrower grants a security interest in all present and future assets as collateral for borrowing funds. It provides comprehensive protection to lenders by encompassing various types of assets. Keywords: Real Estate Security Agreement, Chattel Mortgage Security Agreement, Inventory Financing Security Agreement, Accounts Receivable Financing Security Agreement, General Security Agreement.

Travis Texas Security Agreement is a legal document that outlines the terms and conditions for borrowing funds and granting a security interest in assets. This agreement serves as a protection mechanism for lenders and creditors by securing their investment against default or non-payment. Under the Travis Texas Security Agreement, the borrower (known as the debtor) pledges specific assets as collateral to the lender (known as the secured party). These assets can include real estate properties, vehicles, equipment, inventory, accounts receivable, or any other valuable assets that hold value to secure the loan. The agreement also specifies the conditions under which the borrower can access the funds and the obligations and responsibilities they have towards the lender. It highlights the interest rates, repayment terms, penalties for late payments, and any other fees associated with the loan. Keywords: Travis Texas Security Agreement, borrowing funds, granting security interest, assets, collateral, debtor, secured party, real estate, vehicles, equipment, inventory, accounts receivable, loan. Different types of Travis Texas Security Agreements regarding borrowing funds and granting security interest in assets can include: 1. Real Estate Security Agreement: This agreement specifically focuses on securing loans against real estate properties such as houses, buildings, or land. 2. Chattel Mortgage Security Agreement: Chattel mortgages are commonly used for securing loans against movable assets like vehicles, equipment, or machinery. This specific type of security agreement ensures that the lender has a legal claim on the chattels until the loan is repaid. 3. Inventory Financing Security Agreement: This agreement pertains to borrowing funds using inventory as collateral. It enables businesses to secure loans based on their stock, ensuring the lender has recourse if the borrower defaults. 4. Accounts Receivable Financing Security Agreement: This type of agreement involves using accounts receivable as collateral for borrowing funds. It allows businesses to access cash by assigning their outstanding invoices to the lender. 5. General Security Agreement: A general security agreement covers a broader range of assets wherein the borrower grants a security interest in all present and future assets as collateral for borrowing funds. It provides comprehensive protection to lenders by encompassing various types of assets. Keywords: Real Estate Security Agreement, Chattel Mortgage Security Agreement, Inventory Financing Security Agreement, Accounts Receivable Financing Security Agreement, General Security Agreement.