Products tagged with 'loan security form'

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.

Prepare a Share Pledge Agreement with No Recourse with this customizable template form for Ontario lenders.

This Share Pledge Agreement is intended to provide a lender with security from a corporate borrower in the Province of Ontario, Canada. It is compliant with the provisions of the Ontario Personal Property Security Act and is available in MS Word format.

Parties Involved

• Borrower: A corporate entity who is borrowing the funds and has issued the shares to the shareholder.
• Shareholder: The individual or entity who is pledging the shares of stock, and is a principal or stakeholder in the corporate borrower.
• Lender: The party providing the loan to the borrower.

Pledge of Shares

The shareholder pledges the shares to the lender. These shares are to be held as security for a loan that the lender is making to the borrower.

Additional Shares

The shareholder agrees to pledge any additional, substitute, or replacement shares issued in its name, ensuring that the security remains intact throughout the term of the loan.

Retention of Voting Rights and Dividends

So long as the borrower is not in default under the loan:

• the shareholder will retain the right to vote the shares that have been pledged at shareholder meetings, allowing the shareholder to continue participating in corporate decisions, and
• any dividends accruing to the shareholder will be payable to the account of the shareholder.

No Recourse Provision

In the event of a shortfall between the balance of the debt owing and any proceeds realized from dealing with the shares, the shareholder shall have no liability for such shortfall. The lender has no recourse against the shareholder for any deficiency in the repayment of the loan.

Non-Guarantee Status

The shareholder is not a guarantor, surety, or indemnifier with respect to the loan. Its only obligation is the pledge of shares as security.

This Colorado Mortgage Promissory Note is part of the collateral security documentation for a home loan.

• Payments. The mortgagor will make regular payments of principal and interest until the balance is paid in full.
• Interest is a fixed rate.
• Acceleration. The balance owing becomes due and payable immediately if the borrower defaults in making any payment.
• Late payments result in late charges being assessed, which are calculated as a percentage of the late payment.
• Prepayment. The borrower may prepay the loan either with or without penalty, at the lender's discretion when writing up the Note.
• Available in MS Word format, easy to download, fill in and print.
• Intended to be used only in the State of Colorado.

This General Assignment of Rents template gives lenders in Ontario a means of additional security for the repayment of a corporate borrower's debt.

Assignment of Rents, Income, and Revenue

Under the terms of this Assignment, the borrower (debtor) assigns to the lender all rents, income, and revenue generated from a mortgaged property. This assignment acts as security for a loan or line of credit that the lender is advancing to the borrower.

Borrower’s Restrictions and Continuing Rights

The borrower agrees not to accept prepayment of the rents. Furthermore, the borrower cannot further assign or encumber the rents or the leases in any way. However, unless the borrower is in default under the Assignment, they may continue to collect the rents as usual.

Default and Lender’s Remedies

If the borrower defaults under the terms of the Assignment, any rents must be paid directly to the lender. At this point, the lender has the right to enter the mortgaged property, collect the rent, enforce the terms of the lease, or maintain the property as necessary.

Additional Information

This template is available in Microsoft Word format and is intended solely for use within the Province of Ontario, Canada.

Ontario lenders, prepare a General Security Agreement with this comprehensive template form.

• The borrower grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts and book debts, and all proceeds therefrom.
• The interest is being granted to the lender as security for loan financing, operating lines, or other credit facilities advanced by the lender to the borrower.
• The Security Agreement is governed by the Ontario Personal Property Security Act.
• This document is available as a fully editable MS Word template form.

This Ontario Guarantee and Postponement of Claim is a means of securing repayment of the indebtedness of a corporate borrower.

• The guarantor is a director, shareholder, sole proprietor or other person with a material interest in the business of the borrower.
• The guarantor guarantees that he/she will repay the indebtedness to the lender if the borrower defaults in payment.
• The guarantor agrees that any debts owed by the borrower to the guarantor will be postponed to the debts owed to the lender, and the lender's claims would take priority.
• To access the form, add it to your cart and click on the checkout button to pay for your purchase. You can then download the form to your PC, laptop or tablet.
• Intended for use in the Province of Ontario, Canada.