Collateral and Security Agreement Clause Samples
The Collateral and Security Agreement clause establishes the terms under which a borrower provides assets as security for a loan or other obligation. It typically details the types of collateral involved, such as real estate, equipment, or inventory, and outlines the lender's rights to seize or control these assets if the borrower defaults. This clause serves to protect the lender by reducing the risk of loss, ensuring that there is a clear legal mechanism for recovering value if the borrower fails to meet their obligations.
Collateral and Security Agreement. Borrower's Initials: Lender's Initials: ---------------------------------
Collateral and Security Agreement. 42 4.1 Grant of Security Interest........................................42 4.2 Regulatory Authorizations.........................................43 4.3
Collateral and Security Agreement. Payment of the Note will be secured by a first lien on and security interest in the Collateral (as defined in the Security Agreement in the form of Exhibit "B" attached hereto as a part hereof; the "Security Agreement"). All existing and future Collateral will be subject to the Security Agreement.
Collateral and Security Agreement