A New Hampshire Borrower Security Agreement is a legal contract that establishes the terms and conditions under which ADAC Laboratories, the borrower, pledges certain assets as collateral to ABN AFRO Bank, the lender, as security for a loan or other financial obligation. This agreement helps to mitigate the lender's risk by ensuring that the borrower's assets can be accessed in case of default. Keywords: New Hampshire, Borrower Security Agreement, ADAC Laboratories, ABN AFRO Bank, collateral, loan, financial obligation, default. Types of New Hampshire Borrower Security Agreements between ADAC Laboratories and ABN AFRO Bank may include: 1. Real Estate Collateral Agreement: This type of agreement involves the borrower pledging real property, such as land or buildings, as collateral for the loan. It outlines the specific property details, legal descriptions, and any additional terms related to real estate as security. 2. Chattel Collateral Agreement: A chattel refers to movable personal property. This agreement involves the borrower pledging assets like equipment, vehicles, inventory, or machinery. It outlines the specific chattels being used as collateral, including descriptions, unique identifiers, and valuation details. 3. Intellectual Property Collateral Agreement: In cases where ADAC Laboratories holds intellectual property rights, such as patents, trademarks, or copyrights, this agreement may be used. It establishes the terms for using these intellectual assets as collateral and outlines specific provisions for proper protection and registration. 4. Depository Collateral Agreement: This agreement involves the borrower granting ABN AFRO Bank a security interest in their deposit accounts, such as checking or savings accounts. It specifies the conditions under which the bank may access these funds in the event of default. 5. Equity Collateral Agreement: In certain situations, ADAC Laboratories may pledge its ownership interest or equity in other companies as collateral. This agreement outlines the terms related to the ownership interest being used as security, including voting rights, dividends, and transfer restrictions. It is important for both parties involved in the New Hampshire Borrower Security Agreement to carefully review and understand the specific terms and provisions set forth in the agreement. Consulting legal professionals is highly recommended ensuring compliance with applicable laws and to protect the interests of both ADAC Laboratories and ABN AFRO Bank.