Security Agreement Sample Contracts

Security Agreement

A security agreement creates an interest in a specific property-- real or personal-- to guarantee the performance of a promise.  The real or personal property becomes the collateral.  Security agreements are routinely use to secure the repayment of a loan.

Security Agreement (August 14th, 2017)

AGRITEK HOLDINGS, INC., a corporation organized under the laws of the State of Nevada ("Debtor"), successor in interest to, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, pledges, sets over and assigns to LG Capital Funding, LLC ("Secured Party"), a security interest in the property as set out in Exhibit A attached hereto,

ADVANCED MEDICAL ISOTOPE Corp – Security Agreement (August 11th, 2017)

This SECURITY AGREEMENT, dated as of May ____, 2017 (this "Agreement"), is among Advanced Medical Isotope Corporation, a Delaware corporation (the "Debtor") and each holder of the Debtor's 7.5% Original Issue Discount Senior Secured Convertible Debenture due twelve months following its issuance, in the original aggregate principal amount of $___________ (the "Debenture") signatory hereto, its endorsees, transferees and assigns (collectively, the "Secured Parties"), which Secured Parties as of the date hereof are set forth on Schedule SP attached hereto.

Bluerock Residential Growth REIT, Inc. – Interest Rate Cap Reserve and Security Agreement (August 9th, 2017)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this "Agreement"), dated as of June 9, 2017, is by and between BR CWS CANYON SPRINGS OWNER, LLC, a Delaware limited liability company ("Borrower"), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. SS1716 et seq. and duly organized and existing under the laws of the United States ("Lender").

Electric Vehicle Research Corp – Security Agreement (August 9th, 2017)

This SECURITY AGREEMENT, dated as of Aug. 3, 2017 (this "Agreement"), is among Advanced Environmental Petroleum Producers, Inc., a Florida corporation (the "Company"), all of the Subsidiaries of the Company, including Oncolix, Inc. ("Oncolix") (such subsidiaries, the "Guarantors" and together with the Company, the "Debtors") and the holders of the Company's 10% Senior Secured Original Issue Discount Convertible Notes due fifteen (15) months following their issuance, in the original aggregate principal amount of $ (collectively, the "Notes") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Bluerock Residential Growth REIT, Inc. – Interest Rate Cap Reserve and Security Agreement (August 9th, 2017)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this "Agreement"), dated as of June 9, 2017, is by and between BR CWS CASCADES I OWNER, LLC, a Delaware limited liability company ("Borrower"), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. SS1716 et seq. and duly organized and existing under the laws of the United States ("Lender").

Bluerock Residential Growth REIT, Inc. – Interest Rate Cap Reserve and Security Agreement (August 9th, 2017)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this "Agreement"), dated as of June 9, 2017, is by and between BR CWS CROWN RIDGE OWNER, LLC, a Delaware limited liability company ("Borrower"), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. SS1716 et seq. and duly organized and existing under the laws of the United States ("Lender").

Bluerock Residential Growth REIT, Inc. – Interest Rate Cap Reserve and Security Agreement (August 9th, 2017)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this "Agreement"), dated as of June 9, 2017, is by and between BR CWS CASCADES II OWNER, LLC, a Delaware limited liability company ("Borrower"), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. SS1716 et seq. and duly organized and existing under the laws of the United States ("Lender").

THIRD-PARTY SECURITY AGREEMENT (Receivables) (August 9th, 2017)

This THIRD-PARTY SECURITY AGREEMENT (Receivables) (the "Agreement"), dated as of August 8, 2017, is executed by and between Greenhill Cogent, LP, a Texas Limited Partnership ("Debtor"), and FIRST REPUBLIC BANK ("Lender").

Bluerock Residential Growth REIT, Inc. – Interest Rate Cap Reserve and Security Agreement (August 9th, 2017)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this "Agreement"), dated as of June 9, 2017, is by and between BR CWS CIBOLO CANYON OWNER, LLC, a Delaware limited liability company ("Borrower"), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. SS1716 et seq. and duly organized and existing under the laws of the United States ("Lender").

Security Agreement (August 8th, 2017)

This SECURITY AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, this Agreement) is dated as of August 2, 2017, and entered into by and among IBG BORROWER LLC, a Delaware limited liability company (the Borrower), each of the undersigned Loan Parties and each additional entity that may become a party hereto after the date hereof in accordance with Section 19 hereof (each an Additional Grantor and collectively, the Additional Grantors, together with each of the Borrower, each undersigned Loan Party, and each Additional Grantor being a Grantor, and collectively the Grantors) and CORTLAND CAPITAL MARKET SERVICES LLC (Cortland), as the collateral agent (in such capacity, together with its successors and permitted assigns, herein called the Collateral Agent) for the Credit Parties. Except as otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.

iHookup Social, Inc. – Security Agreement (August 2nd, 2017)

This SECURITY AGREEMENT, dated as of July 21, 2017 (this "Agreement"), is among Fan Pass, Inc., a Nevada corporation (the "Company"), also known as the Subsidiary of Friendable, Inc., a Nevada corporation ("Friendable"), and a guarantor pursuant to the execution and delivery of the form annexed hereto as Annex A and the Guaranty annexed thereto (such Subsidiary, a "Guarantor" and together with Friendable and the Company, the "Debtors"), Alpha Capital Anstalt, as collateral agent (the "Collateral Agent") for and the holders of Friendable's Secured Convertible Notes issued at or about the date of this Agreement, in the original aggregate principal amount of $300,000 and such other of Friendable's secured Convertible Notes which may be issued in the future pursuant to the Securities Purchase Agreement (collectively, the "Notes") (collectively, the "Secured Parties").

Instanet – Security Agreement (August 1st, 2017)

This SECURITY AGREEMENT (this "Agreement") is made as of July __, 2017 by and among True Drinks Holdings, Inc., a Nevada corporation (the "Grantor"), and each holder of the Grantor's Senior Secured Notes due ___ months following their issuance, in the original aggregate principal amount of $_________ (the "Notes") (together with its endorsees, transferees and assigns, each a "Secured Party" and together, the "Secured Parties").

Quantech Electronics Corp – Security Agreement (August 1st, 2017)

This SECURITY AGREEMENT (as amended, modified or otherwise supplemented from time to time, this "Agreement"), dated and effective as of the day of August 1, 2017, is made by Viridis Analytics MA, LLC, a Delaware limited liability company (the "Company") in favor of PalliaTech, Inc. ("Secured Party").

SECURITY AGREEMENT Made by K. HOVNANIAN ENTERPRISES, INC., HOVNANIAN ENTERPRISES, INC. And Certain of Their Respective Subsidiaries in Favor of WILMINGTON TRUST, NATIONAL ASSOCIATION as Collateral Agent Dated as of July 27, 2017 (July 28th, 2017)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of July 27, 2017, is made by K. Hovnanian Enterprises, Inc., a California corporation (the "Issuer"), Hovnanian Enterprises, Inc., a Delaware corporation ("Hovnanian"), and each of the signatories listed on Schedule A hereto (the Issuer, Hovnanian and such signatories, together with any other entity that may become a party hereto as provided herein, the "Grantors"), in favor of Wilmington Trust, National Association, as Collateral Agent (as defined below) for the benefit of itself, and the other Secured Parties (as defined below).

Document Security Systems, Inc. – Security Agreement (July 28th, 2017)

This SECURITY AGREEMENT (this "Agreement") is entered into at Albany, New York, as of _____________________, 2017, between Premier Packaging Corporation, a New York corporation, with its chief executive office located at 6 Framark Drive, Victor, New York 14564 (the "Borrower") and Citizens Bank, N.A., a national banking association, with an address of 833 Broadway, Albany, New York 12207 (the "Bank").

Security Agreement Ratification (July 28th, 2017)

SECURITY AGREEMENT RATIFICATION dated as of April 6, 2017 (this "Agreement"), among JETBLUE AIRWAYS CORPORATION, a corporation duly organized and validly existing under the laws of the State of Delaware (the "Borrower") and CITIBANK, N.A., as administrative agent for the parties defined as "Lenders" under the Security Agreements (as defined below) and the Amended and Restated Credit Agreement dated as of the date hereof between, among others, the Borrower and CITIBANK, N.A. (in such capacities, together with its successors in such capacities, the "Administrative Agent").

Security Agreement (July 27th, 2017)

THIS SECURITY AGREEMENT (as it may be amended or modified from time to time, this Security Agreement) is entered into as of July 21, 2017 by and among Skyline Corporation, an Indiana corporation (the Company), Skyline Homes, Inc., a California corporation, Homette Corporation, an Indiana corporation, Layton Homes Corp., and Indiana corporation, the other Loan Parties party hereto from time to time (each of the foregoing a Grantor, and collectively, the Grantors), and JPMorgan Chase Bank, N.A., (the Lender).

Castle (A.M.) & Co. – Debtor-In-Possession Revolving Credit and Security Agreement Pnc Bank, National Association (As Lender and as Administrative and Collateral Agent) and Such Other Lenders Which Are Now or Hereafter a Party Hereto With A.M. Castle & Co., a Maryland Corporation, and the Other Borrowers (As Defined Herein) (As Borrowers) and the Guarantors Party Hereto (As Guarantors) July 10, 2017 (July 13th, 2017)

Debtor-In-Possession Revolving Credit and Security Agreement dated July 10, 2017, among A.M. Castle & Co., a Maryland corporation ("Castle"), Total Plastics, Inc., a Michigan corporation ("Plastics"), HY-Alloy Steels Company, a Delaware corporation ("HY-Alloy"), Keystone Tube Company, LLC, a Delaware limited liability company ("Keystone Tube"), and Keystone Service, Inc., an Indiana corporation ("Keystone Service"), the other borrowers from time to time party hereto (together with Castle, Plastics, HY-Alloy, Keystone Tube, and Keystone Service, the "Borrowers" and each a "Borrower"), the Guarantors (as hereinafter defined) party hereto, the financial institutions which are now or which hereafter become a party hereto (collectively, the "Lenders" and individually a "Lender") and PNC Bank, National Association ("PNC"), as administrative and collateral agent for the Lenders (PNC, in such capacity, the "Agent").

Cubescape Inc – Security Agreement (July 12th, 2017)

ON THIS 6th day of July 2017, AMERICAN REBEL, INC., a Nevada corporation, (hereinafter Debtor), whose address is 718 Thompson Land, Suite 108-199, Nashville, TN 37204 in exchange for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, hereby grants to HARVEY M. BURSTEIN, whose address is 13901 Conser, Apt. 1607 Overland Park, KS 66223, his heirs and assigns (hereinafter Secured Party), a security interest in the following Collateral located at 10571 Lackman Road, Lenexa, Kansas 66219 (the Warehouse):

Origin Agritech Limited – Security Agreement (July 10th, 2017)

THIS SECURITY AGREEMENT (this "Agreement"), is entered into as of July 5, 2017, by and between Origin Agritech Limited, a British Virgin Islands corporation (the "Borrower"), and L2 Capital, LLC, a Kansas limited liability company (the "Secured Party" or "Secured Parties"). All capitalized terms not otherwise defined herein shall the meanings ascribed to them in that certain Securities Purchase Agreement and Note (as defined below) by and between Borrower and the Secured Party of even date (the "Note Purchase Agreement").

PAVmed Inc. – Note and Guaranty Security Agreement (July 6th, 2017)

THIS NOTE AND GUARANTY SECURITY AGREEMENT (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, this "Security Agreement") is entered into as of June 30, 2017, by and among PAVMED INC a Delaware corporation, (the "Borrower"), the other Grantors (as defined below), and the Noteholders from time to time party hereto, including SCOPIA HOLDINGS LLC, a Delaware limited liability company, in its capacity as collateral agent (the "Collateral Agent") on behalf of the Secured Parties (as defined below).

Security Agreement (July 3rd, 2017)

THIS SECURITY AGREEMENT (this Agreement), dated as of June 29, 2017, is executed by Jaguar Animal Health, Inc., a Delaware corporation (Debtor), in favor of Chicago Venture Partners, L.P., a Utah limited partnership (Secured Party).

Security Agreement (June 30th, 2017)

THIS SECURITY AGREEMENT dated as of June 30, 2017 (this "Security Agreement"), among CLEAN HARBORS, INC., a Massachusetts corporation (the "Borrower"), each of the subsidiaries of the Borrower listed on Annex A hereto or that becomes a party hereto pursuant to Section 8.13 hereof (each such subsidiary being a "Subsidiary Grantor" and, collectively, the "Subsidiary Grantors"; the Subsidiary Grantors and the Borrower are referred to collectively as the "Grantors"), and GOLDMAN SACHS LENDING PARTNERS LLC, as administrative agent and collateral agent (hereinafter, in such capacity together with its successors and assigns, the "Agent") under the Credit Agreement referred to below.

Security Agreement (June 28th, 2017)

THIS SECURITY AGREEMENT (this "Agreement") is made as of June 22, 2017 (the "Effective Date") by and between FIFTH THIRD BANK, an Ohio banking corporation located at 201 East Kennedy Blvd., Suite 1800, Tampa, Hillsborough County, Florida 33602 (the "Secured Party") and JETPAY PAYMENT SERVICES, FL, LLC, a Delaware limited liability company (the "Debtor"). The Debtor's principal address is 3939 West Drive, Center Valley, Pennsylvania 18034. Debtor and Secured Party hereby agree as follows:

-2- (B) Effective as of the Amendment No. 1 Effective Date, and Subject to the Terms and Conditions Set Forth Herein, Schedule 2.01 to the Existing Credit Agreement Is Hereby Amended and Restated in Its Entirety in the Form of Schedule 2.01 Hereto. (C) Effective as of the Amendment No. 1 Effective Date, and Subject to the Terms and Conditions Set Forth Herein, the Security Agreement Is Hereby Amended Pursuant to Section 11.01 of the Credit Agreement and Section 6.02 of the Security Agreement as Follows: Section 3.01(e) of the Security Agreement Is Hereby Amended to Delete the Statement "And Fi (June 27th, 2017)
SECURITY AGREEMENT by and Among OPPENHEIMER HOLDINGS INC. As Grantor, and EACH OTHER GRANTOR FROM TIME TO TIME PARTY HERETO and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. As Collateral Agent. Dated as of June 23, 2017 (June 23rd, 2017)

This Security Agreement, dated as of June 23, 2017 (this Agreement), by and among OPPENHEIMER HOLDINGS INC., a Delaware corporation (the Company) and each of the Subsidiary Guarantors referred to below (together with the Company, each a Grantor and, collectively together with any Additional Grantors, as defined herein, the Grantors) in favor of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., in its capacity as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, if any, the Collateral Agent).

Security Agreement: Business Assets (June 23rd, 2017)
Security Agreement (June 16th, 2017)

This SECURITY AGREEMENT, dated as of June __, 2017 (the "Agreement") is by and among Petro River Oil Corp, Inc., a company duly organized and validly existing under the laws of Delaware (the "Company") and Petro Exploration Funding, LLC, a company duly organized and validly existing under the laws of New York (the "Purchaser").

Elite Pharmaceuticals, Inc. – Anda Security Agreement (June 14th, 2017)

THIS ABBREVIATED NEW DRUG APPLICATION SECURITY AGREEMENT (the "Agreement"), dated as of May 15, 2017, between Elite Laboratories, Inc., a Delaware corporation ("Elite") and its parent, Elite Pharmaceuticals, Inc., a Nevada corporation (collectively, "Debtors"), and Mikah Pharma LLC, a limited liability company organized under the laws of the State of Delaware ("Secured Party");

Security Agreement (Cash) (June 14th, 2017)

This SECURITY AGREEMENT (CASH), dated as of AUGUST 12, 2016 (as amended, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this "Agreement"), is made by and between DIGITAL TURBINE MEDIA, INC. (f7k/a Appia, Inc., fyk/a PocketGear, Inc.), a Delaware corporation ("Grantor"), in favor of SILICON VALLEY BANK ("Secured Party").

Goldfield Corporation (The) – Bb&t Security Agreement (June 12th, 2017)

This Security Agreement ("Security Agreement") is made June 9, 2017, between The Goldfield Corporation, a Delaware corporation, Southeast Power Corporation, a Florida corporation, Power Corporation of America, a Florida corporation, Bayswater Development Corporation, a Florida corporation, Pineapple House of Brevard, Inc., a Florida corporation, C and C Power Line, Inc., a Florida corporation, and Precision Foundations, Inc., a Florida corporation (collectively, "Debtor"), and Branch Banking and Trust Company, a North Carolina banking corporation ("Secured Party").

Dova Pharmaceuticals, Inc. – Security Agreement (June 2nd, 2017)

This Security Agreement (Security Agreement) is made as of March 30, 2016, by and between AkaRx, Inc., a Delaware corporation (Debtor), and Eisai Inc., a Delaware corporation (Secured Party). Debtor and Secured Party are sometimes referred to herein individually as a Party and collectively as the Parties.

Ascendant Solutions – Security Agreement (June 2nd, 2017)

This agreement is made February 9, 2012, between Cardinal Health* ("Secured Party"), whose principal address for purposes of this agreement is 7000 Cardinal Place, Dublin, OH 43017 and Dougherty's Pharmacy, Inc., a Texas corporation (the "Debtor"), whose office address and principal place of business is 16250 Knoll Trail Dr., Suite 111, Dallas, Texas 75201, who hereby agree as follows intending to be legally bound:

Ascendant Solutions – Security Agreement Dated March 31, 2017, by and Between Dougherty's Pharmacy El Paso, LLC and Cardinal Health 110, LLC. SECURITY AGREEMENT (June 2nd, 2017)

This agreement (this "Agreement") is made as of March 31, 2017, between Cardinal Health 110, LLC (together with its successors and assigns, "Secured Party"), whose principal address for purposes of this Agreement is 7000 Cardinal Place, Dublin, OH 43017 and Dougherty's Pharmacy El Paso, LLC, a Texas Limited Liability Company ("Debtor"), whose office address and principal place of business is 16250 Knoll Trail Dr. STE 102, Dallas, Texas 75248, who hereby agree as follows intending to be legally bound:

Ascendant Solutions – Security Agreement (June 2nd, 2017)

This agreement is made February 9, 2012, between Cardinal Health* ("Secured Party"), whose principal address for purposes of this agreement is 7000 Cardinal Place, Dublin, OH 43017 and Dougherty's Holdings, Inc., a Texas corporation (the "Debtor"), whose office address and principal place of business is 16250 Knoll Trail Drive, Suite 102, Dallas, Texas 75248, who hereby agree as follows intending to be legally bound: