Move Signature Collateral Agreement Template For Free

Collateral Agreement means the Guarantee and Collateral Agreement among Holdings, the Borrower, the Subsidiary Loan Parties and the Administrative Agent, substantially in the form of Exhibit C.

?Security Documents? means this Agreement, any agreement pursuant to which assets are added to the Collateral and any other instruments or documents entered into and delivered in connection with any of the foregoing, as such agreements, instruments or documents may from time to time be amended.

Collateral contracts are secondary agreements that are related to the first agreement. For example, when a contract is used for the exchange of goods, the collateral contract can be used to make sure those goods are of the quality promised before the contract was entered.

A collateral contract is one where the parties to one contract enter into or promise to enter into another contract. Thus, the two contracts are connected and it may be enforced even though it forms no constructive part of the original contract.

To secure this Agreement, the Debtor hereby agrees to provide the Secured Party with full right and title of ownership to the following property as collateral (the ?Collateral?) to secure the debt listed in the ?Debt? section of this Agreement: (Property name, address)

Collateral is something a borrower promises to a lender in case they can't repay the loan. For home, personal, or business loans, lenders usually require collateral. If the borrower defaults on the loan, the lender can claim the assets offered as collateral. This claim is called a lien.

A collateral agreement transfers all or some of the rights of the owner of personal property (including a life insurance policy) to another party (the assignee) as security for the repayment of an indebtedness.