Pledge Agreement Example

State:
Multi-State
Control #:
US-EG-9329
Format:
Word; 
Rich Text
Instant download

Description

The Pledge Agreement example is a legal document that establishes a promise to repay a sum of money, secured by a pledged asset, specifically shares of common stock. This agreement details the principal amount, interest rate, and payment terms, highlighting that the principal sum must be paid within four years. It includes provisions for the acceleration of the loan repayment under certain conditions, such as termination of employment or default on payments. Users can prepay any amounts without penalty, but will need to account for any fees if the company incurs costs to enforce the agreement. The pledged stock serves as collateral, and the company retains a security interest until repayment is complete. This document is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with corporate financing or employee compensation agreements, as it outlines both rights and obligations, ensuring that all parties understand the implications of the pledge.
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  • Preview Promissory Note and Pledge Agreement regarding loan and grant of security interest in shares of the company's common stock
  • Preview Promissory Note and Pledge Agreement regarding loan and grant of security interest in shares of the company's common stock
  • Preview Promissory Note and Pledge Agreement regarding loan and grant of security interest in shares of the company's common stock

How to fill out Promissory Note And Pledge Agreement Regarding Loan And Grant Of Security Interest In Shares Of The Company's Common Stock?

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FAQ

A Stock Pledge is the transfer of stocks against a debt. It is an agreement. The debtor pledges the stocks as an asset against the amount of money taken from a lender and promises to return the amount. The debtor pledges the stocks as a security against the debt.

Pledge Document means the Pledge Agreement over deposits and securities or any other security document as stipulated by the Bank, executed or to be executed by the Borrower or other third party as security for the Facilities; Sample 1. Pledge Document means the resolution, indenture, trust agreement, loan.

A pledge agreement must be in writing. The same formalities as for a mortgage agreement apply. Pledge must be certified as a deed before a notary public. The same formalities as for a mortgage agreement apply.

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.

(a) The Pledgor is the legal and beneficial owner of, and has good and marketable title to, the Pledged Collateral. (b) No financing statement or other evidence of lien covering or purporting to cover any of the Collateral is on file in any public office. 13.3 Pledged Collateral.

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Pledge Agreement Example