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Get Motor Bvehicle Titleb Pledge Agreement

MOTOR VEHICLE TITLE PLEDGE AGREEMENT PLEDGOR 'S NAME Ronnie C Johnson DATE MADE Title Pledge Lender Loan Number 4/5/2006 Johnson 's Title & Payday Loan 123 Anywhere Street Dallas, Texas 78272.

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pledge n. 1 : a delivery of esp. personal property as security for a debt or other obligation. ;broadly. : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee.

The grantors are usually the borrower, its parent and its subsidiaries. The grantors typically enter into the pledge agreement with a collateral agent, which is acting on behalf of lenders under a syndicated loan agreement.

A pledge agreement is just another name for a security agreement which creates a security interest in equity interests and promissory notes. The term "pledge" predates the UCC, when a pledge involved the creation of a security interest by physical possession of the property.

Pledged Vehicles means the motor vehicles from time to time described in the Borrowing Base Certificate and pledged by Borrower (or a Guarantor) to Lender as security for the Obligations under the terms of the Security Agreement or a security agreement executed by the applicable Guarantor in substantially similar form ...

For collateral consisting of equity interests and promissory notes, the lender may prefer to take a security interest in this collateral through a pledge agreement. A pledge agreement is just another name for a security agreement which creates a security interest in equity interests and promissory notes.

A pledge and security agreement is a legal document that outlines an arrangement in which one party (the pledgor) unconditionally transfers the title to a specific property or asset to another person or entity (the pledgee), who accepts it for safekeeping, usually in return for some form of compensation.

A valid pledge must meet the requirement that the parties intended to grant security over the asset in lieu of performance of an obligation, and the general requirements of a valid contact must also be met, however this type of agreement does not need to be in writing.

A pledge is a bailment that conveys possessory title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232