Agreement General Form With Collateral In Travis

State:
Multi-State
County:
Travis
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

The Agreement General Form with Collateral in Travis facilitates the purchase of accounts receivable between a factor and a client. It outlines the conditions under which the factor will purchase the client's accounts receivable, emphasizing the transfer of ownership and the responsibilities of both parties. Key features include the assignment of accounts, requirement for credit approval, assumption of credit risks, and detailed processes for invoicing and collections. Users are instructed to fill in specific details such as names, addresses, and applicable percentages in the designated sections. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for structuring financial transactions that involve transferring receivables. It ensures compliance with relevant laws and protects both parties' interests, making it a valuable resource in commercial law and finance practices. Additionally, the form contains clauses for termination, breach of warranty, and mandatory arbitration, reflecting professional standards in legal agreements.
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FAQ

Examples of collateral documents are a security agreement, guarantee and collateral agreement, pledge agreement, deposit account control agreement, securities account control agreement, mortgage, and UCC-1s.

Collateral Letter means that certain letter agreement, dated as of the Closing Date, by and among the Borrower, Holdings, each Person that was a Lender or an Issuer on the Closing Date and the Administrative Agent relating to certain Enforcement Actions with respect to the Collateral, as amended pursuant to Section ...

Definition: The term “Collateral” as used herein means the securities and obligations, any addition thereto or substitution therefor, all interest, dividends, distributions and sums distributed or payable therefrom, all other rights and privileges incident to such securities, and all proceeds and profits of such ...

Collateral form (plural collateral forms) (linguistics) A synonymous but not identical, coexisting form (variation) of a word, such as an accepted alternative spelling.

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.

These agreements allow the secured party to perfect a security interest in collateral posted by the pledgor while ensuring that, in the event of the bankruptcy or insolvency of the secured party, such collateral will not become a part of the secured party's estate and will, to the extent owed to the pledgor, be ...

A collateral contract is a contract to enter into an future contract. Part of the consideration for the collateral contract is the promise to enter into the second contract. This is similar to a conditional contract whereby the consideration for one party is conditioned on the other party doing something.

This is a form of collateral assignment of a material agreement wherein a borrower (the assignor) grants to a lender (the assignee) a collateral security interest in a material contract used in the borrower's business as security for the obligations owing to the lender from the borrower under a credit facility.

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 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).

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Agreement General Form With Collateral In Travis