A detailed description of the Oklahoma Security Agreement between PCSupport.com, Inc. and ICE Holdings North America: The Oklahoma Security Agreement between PCSupport.com, Inc. and ICE Holdings North America is a legally binding document that outlines the terms and conditions of the security interest created by PCSupport.com, Inc. in favor of ICE Holdings North America. This agreement is applicable within the state of Oklahoma and governs the collateral provided by PCSupport.com, Inc. Keywords: Oklahoma Security Agreement, PCSupport.com, Inc., ICE Holdings North America, collateral, terms and conditions, security interest. This security agreement serves as a means to secure the obligations and debts owed by PCSupport.com, Inc. to ICE Holdings North America. It provides ICE Holdings North America with the right to take possession and control of the collateral, in the event of non-payment or default by PCSupport.com, Inc. The collateral in this agreement may consist of various assets owned by PCSupport.com, Inc., such as tangible property, equipment, inventory, accounts receivable, intellectual property, and any other property specified in the agreement. These assets act as security for the debt owed to ICE Holdings North America, ensuring that if PCSupport.com, Inc. fails to fulfill its obligations, ICE Holdings North America can seize and sell the collateral to recover the debt. Different Types of Oklahoma Security Agreements between PCSupport.com, Inc. and ICE Holdings North America: 1. Pledge Agreement: This type of security agreement involves the transfer of possession of collateral to ICE Holdings North America. PCSupport.com, Inc. pledges specific assets as security for the debt owed. 2. Mortgage Agreement: In this type of security agreement, PCSupport.com, Inc. grants a mortgage on real property as collateral. If PCSupport.com, Inc. defaults on the debt, ICE Holdings North America can foreclose on the property to satisfy the debt. 3. Floating Lien Agreement: A floating lien security agreement encompasses a broad range of collateral, such as inventory or accounts receivable, without specifically identifying individual assets. This allows PCSupport.com, Inc. the flexibility to use various assets as collateral over time. 4. Intellectual Property Security Agreement: This type of security agreement focuses on protecting the intellectual property rights owned by PCSupport.com, Inc. ICE Holdings North America may take a security interest in trademarks, patents, copyrights, or other intellectual property assets. These various types of security agreements cater to the different forms of collateral that PCSupport.com, Inc. may provide to secure its debt to ICE Holdings North America under the Oklahoma Security Agreement.
Oklahoma Security Agreement between PCSupport.com, Inc. and ICE Holdings North America
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How to fill out Oklahoma Security Agreement Between PCSupport.com, Inc. And ICE Holdings North America?
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A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.
At a minimum, a valid security agreement consists of a description of the collateral, a statement of the intention of providing security interest, and signatures from all parties involved. Most security agreements, however, go beyond these basic requirements.
A General Security Agreement (GSA) grants a security interest over personal property or assets, the collateral pledged for many types of financing. The contract is executed by a debtor (borrower) in favor of a creditor (lender). A GSA can support various lender obligations, including personal and commercial loans.
A statute of frauds within UCC Article 9 requires the security agreement be in writing. An exception to this requirement is when a security interest is pledged.
You can prepare your own security agreement using an online form, or you can consult an attorney to create one for you. Some key provisions in a security agreement include: Describing the collateral as accurately and as detailed as possible, so both the borrower and the lender agree upon the secured property.
There are four primary ways in which an attached security interest may be perfected ? filing, possession, control and automatic perfection. The most common method of perfecting a security interest is filing a financing statement.