The expression “collateral purpose” used in proviso to Section 49 of Registration Act implies that content of such a document can be used for purpose other than for which it has been executed or entered into by the parties or for a purpose remote to the main transaction.
Collateral documents include any documents granting a security interest in collateral by the borrower, parent or subsidiary in favor of the lender and all other documents required to be executed or delivered pursuant to those documents. Collateral documents do not include guaranties.
Collateral form (plural collateral forms) (linguistics) A synonymous but not identical, coexisting form (variation) of a word, such as an accepted alternative spelling.
Collateral is a term used in kinship to describe kin, or lines of kin, that are not in a direct line of descent from an individual. Examples of collateral relatives include siblings of parents or grandparents and their descendants (uncles, aunts, and cousins).
The global financial crisis drove central banks and market participants to consider revamping their eligibility criteria for collateral. To be eligible for collateral, assets must support sufficient market liquidity in view of valuation and be transferable across participants as well as markets.
Equity Pledges in Commercial Real Estate Loans Upon default, the lender then would have the option of foreclosing the mortgage covering the underlying property, foreclosing on the ownership entity itself through the equity pledge, or availing itself of both options.
An agreement typically used to create a security interest in equity interests (including capital stock, LLC interests, and partnership interests) and promissory notes.
A pledge involves transferring possession of the property to the lender, who retains it until the debt is repaid. On the other hand, a mortgage entails transferring ownership interest in the property to the lender, while the borrower retains possession and usage rights.
A Security Agreement, also known as a Collateral Agreement or Pledge Agreement, gives to a lender or other party a security interest in property that a debtor or obligor owns.
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.