Sentences with phrase «collateral loan agreements»

Typically, collateral loan agreements let the lender take over the asset if the borrowers fail to repay the debt according to the contract.

Not exact matches

That means a business owner can't use the same invoices as collateral for a different loan unless a subordination agreement is in effect.

So if a business owner takes out a loan for a new building, the loan agreement might state that their car and house can be used for collateral if they fail to make payments.

The collateral is described completely in the loan agreement.

We must also consider our agreement with the China exim bank.Part of our cocoa still serve as collateral for loan contracted for the bui dam.

Mortgages are secured with the purchased home as collateral, meaning that the home can be seized if the loan isn't paid back according to the initial agreement.

You can not obtain the loan you are seeking if you have entered into any marital property agreement that will adversely affect the Lender's interest in the collateral.

These types of agreements are common with paycheck loans, pawn shop loans, car title loans, and any other loan types that require collateral.

If the borrower fails to repay the loan as per the agreement, the lender may take ownership of the collateral and sell it to repay the loan.

Hypothecation agreement: Agreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loagreement: Agreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loAgreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loan money.

If they reach an agreement, they sign a contract that specifies all the loan terms and enumerates the pledged collateral.

The template does not include provisions for describing collateral, so this agreement would mainly be used for personal unsecured loans.

With nothing required as collateral, the lender is banking on your good faith to honor the loan agreement.

Unlike a secured loan that has collateral standing good in the event that you should default or fail to honor the terms of your loan agreement, an unsecured loan is based solely upon your personal credibility and creditworthiness.

Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.

A loan to a friend or family member should be thought of as a gift, unless you take possession of some collateral or formalize the agreement.

If you think the one you love is deserving of credit, loan it to them yourself, with a formal loan agreement that allows you to require repayment, or seize collateral.

Mortgages are security agreements whereby the collateral for the loan (your home) can be taken by your lender in the event payments are not made.

Most of the terms and conditions are standard fare — amount of money borrowed, interest charged, repayment plan, collateral, late fees, penalties for default — but there are other reasons that loan agreements are useful.

When banks make secured loans, or loans with collateral (e.g., home mortgages), they file a UCC form with the state where the loan agreement is executed.

The secured personal loan for bad credit is secured by pledging collateral to the lender that can be sold if you do not follow the terms of your lending agreement or if you default on your loan payments.

There is no collateral required for this loan agreement.

Unsecured business loans do not require collateral for the loan agreement.

Collateral securing other loans you have with the Credit Union may also secure this loan, except that a dwelling will never be considered as security for this account, notwithstanding anything to the contrary in any other agreement.

If you have a low credit score with derogatory information on your credit report such as late or collection marks, to get approved for a credit card or loan, creditors may require collateral such as your car or home to be part of the agreement.

Our lawyers have provided assistance and advice in the drafting, negotiation and execution of syndicated loan agreements, promissory notes and related collateral documents, including various mortgage agreements, bank account pledge agreements, insurance policy assignment agreements, relevant contracts assignment agreements and chattel mortgages over equipment and furniture.

In troubled loan situations, Mr. Davis has experience foreclosing on real estate or personal property collateral, prosecuting lender liability and deficiency litigation, and negotiating and documenting loan workout, forbearance, and loan sale and assignment agreements.

Credit Suisse, Canadian counsel for the administrative and collateral agent in connection with advice on loan agreements, Canadian security documents and title insurance matters surrounding a US$ 226.5 million first lien credit agreement.

These benefits include loans, withdrawals, collateral assignments, split dollar agreements, pension funding, and tax planning.

A typical collateral assignment would be for the employer to recover the loans made upon the employee's death or at the termination of the agreement.