Products tagged with 'collateral security agreement'

Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.

• The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
• The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
• The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
• This template can be used in any province or territory of Canada except Quebec.
• The legal form template is downloadable and fully editable.

Prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.

Borrower's Obligations Under the Mortgage

The borrower (mortgagor) will continue to hold the property and is responsible for paying all taxes, rates and assessments levied against the property.

Insurance

The borrower is responsible for insuring the buildings on the land for full insurable value.

Default

If the borrower defaults, the lender has the right to appoint a receiver of the property.

Format and Jurisdiction

This Collateral Mortgage and Promissory Note is available in MS Word format. It is downloadable, fully editable, and reusable.

It is intended to be used only in the Province of Nova Scotia, Canada. English language version only. A French language version may be required to comply with provincial language laws.

Auto suppliers, secure repayment from dealers for vehicles with this Flooring Agreement Promissory Note form.

• The auto dealer must execute the Note as security for payment of the purchase price of the vehicles.
• The Note uses the vehicles being supplied to the dealer as collateral.
• The debt to the supplier will be paid from the proceeds of the sale of the vehicles.
• This form is available as a MS Word download which can be customized to meet your business needs.

Secure payment for inventory sold on credit to a customer with this Purchase Money Security Agreement for the Province of Alberta.

• The customer (debtor) grants the supplier (secured party) a purchase money security interest in the secured goods and proceeds from the sale of the goods.
• The debtor must keep the collateral free of any other liens or security interests ranking equal to or in priority to the secured party's interest.
• The debtor can only sell the secured goods in the ordinary course of business.
• If the debtor defaults in payment, the secured party has the right (among other remedies) to appoint a receiver-manager over the collateral.
• This legal contract is prepared in accordance with the Personal Property Security Act.
• Available in MS Word format.
• Intended to be used only in the Province of Alberta, Canada.

Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.

• The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
• The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
• The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
• This is a generic legal form which is not specific to any country, state or province.
• This template is available in MS Word format and is fully editable to meet your needs.

Obtain a pledge of securities from a borrower under this Share Pledge Agreement, pursuant to the provisions of the Ontario Personal Property Security Act.

• A borrower pledges shares of stock to a lender, to be held as security for a loan that the lender is making to the borrower.
• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
• The borrower retains the right to vote the shares.
• The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.
• This form is a fully customizable legal template that you can use as often as you need to.
• Intended for use only in the Province of Ontario, Canada.