Stock Security Agreement Clause Samples
A Stock Security Agreement is a legal contract that grants a lender a security interest in a borrower's shares of stock as collateral for a loan or other obligation. In practice, this agreement outlines the specific shares being pledged, the conditions under which the lender may take possession or sell the stock, and the borrower's obligations to maintain the value of the collateral. Its core function is to protect the lender by providing a clear mechanism for recovering value if the borrower defaults, thereby reducing the lender's risk and ensuring the enforceability of the security interest.
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Stock Security Agreement. Each Borrower's full and faithful performance of its obligations under this Agreement, this Note and all other Loan Documents is secured by, in addition to the other Collateral, the Stock Security Agreement, pursuant to which the Parent Company has pledged to the Lender a first lien security interest in all of the Parent Company's right, title and interest in and to the stock of each of its subsidiaries.
Stock Security Agreement. A stock security agreement executed by Purchaser granting ▇▇ ▇▇▇▇▇▇▇▇ a security interest in the stock of the Company, for the purpose of securing the performance of Purchaser’s obligations under the Secured Promissory Note, substantially in the form of Exhibit 9.3(g) attached hereto (the “Stock Security Agreement”).