North Carolina Security Agreement is a legally binding document that outlines the terms and conditions related to the security interest held by Jon H. Row berry in favor of Franklin Covey Company. This agreement is governed by the laws of the state of North Carolina and ensures the protection of the rights and assets of both parties involved. The security agreement serves as collateral for a loan or a line of credit extended by Franklin Covey Company to Jon H. Row berry. It grants the lender certain rights and remedies in case of default or non-payment by the borrower. The agreement places a security interest on specific assets or property owned by Jon H. Row berry, which can be seized by Franklin Covey Company if the borrower fails to fulfill the financial obligations stipulated in the agreement. Some of the relevant keywords that can be used in the description are: 1. Security Agreement: A legal contract that establishes a security interest in collateral to secure a loan or financial obligation. 2. North Carolina: The state in the United States where the agreement is governed and enforced. 3. Jon H. Row berry: The borrower or debtor who is obliged to fulfill their financial obligations and grant security interest in their assets to Franklin Covey Company. 4. Franklin Covey Company: The lender or secured party who extends credit or loans money to Jon H. Row berry and holds the security interest in the collateral. 5. Collateral: The specific assets or property owned by Jon H. Row berry that are used to secure the loan or credit agreement. 6. Default: Refers to the failure of the borrower to make timely payments or comply with the terms and conditions of the agreement. 7. Remedies: The actions that Franklin Covey Company can take if Jon H. Row berry defaults, which may include seizing and selling the collateral to recover the outstanding debt. 8. Loan: The financial arrangement between Jon H. Row berry and Franklin Covey Company, where the lender provides funds to the borrower. 9. Line of Credit: A flexible form of credit where Jon H. Row berry can borrow funds up to a predetermined limit, as needed, and secure it with collateral. Please note that the types of North Carolina Security Agreement between Jon H. Row berry and Franklin Covey Company can vary based on the specific terms and conditions agreed upon between the parties. Different variations of the agreement may include specific clauses relating to the type of collateral, repayment terms, interest rates, default provisions, and remedies available to Franklin Covey Company in case of default. Each agreement will be tailored to fit the unique circumstances of the borrower and lender.
North Carolina Security Agreement between Jon H. Rowberry and Franklin Covey Company
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How to fill out North Carolina Security Agreement Between Jon H. Rowberry And Franklin Covey Company?
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