Security interest clause: Copy, customize, and use instantly
Introduction
A security interest clause establishes the rights of a party to take legal ownership of certain assets if another party fails to fulfill their contractual responsibilities. This clause is typically used in agreements where one party lends money or extends credit, with the collateral being specific assets. The clause helps protect the lender or creditor by ensuring they have a legal claim to the specified collateral if the borrower defaults.
Below are templates for security interest clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Security interest in personal property
This clause ensures the lender has a security interest in personal property.
The [Party Name] grants to [Secured Party Name] a security interest in all personal property, including but not limited to [list of property types, e.g., inventory, equipment, receivables], as collateral to secure the payment of the obligations under this Agreement. The security interest will remain in effect until the obligations are fully satisfied.
Security interest in intellectual property
This clause ensures the lender has a security interest in intellectual property.
The [Party Name] grants to [Secured Party Name] a security interest in all intellectual property, including patents, trademarks, copyrights, and trade secrets, as collateral to secure the performance of its obligations under this Agreement. The security interest will continue until the obligations are fully discharged.
Security interest in real estate
This clause ensures the lender has a security interest in real estate.
The [Party Name] grants to [Secured Party Name] a security interest in the real property located at [address], including all improvements, fixtures, and appurtenances, as collateral for the obligations under this Agreement. The security interest will be perfected upon recording the appropriate documentation with the local authorities.
Blanket security interest clause
This clause ensures a blanket security interest over all assets.
The [Party Name] grants to [Secured Party Name] a blanket security interest in all current and future assets, including but not limited to inventory, equipment, accounts receivable, and intellectual property, to secure the repayment of the obligations under this Agreement. The security interest will continue until the full amount owed is repaid.
Floating security interest clause
This clause ensures the security interest applies to assets acquired in the future.
The [Party Name] grants to [Secured Party Name] a floating security interest in all present and future assets of the [Party Name], including inventory, equipment, and receivables, as collateral for the performance of its obligations under this Agreement. The security interest will attach to specific assets as they are acquired by the [Party Name] during the term of the Agreement.
Security interest for future advances
This clause secures future advances made by the lender.
The [Party Name] grants to [Secured Party Name] a security interest in all [specified assets] to secure the performance of its obligations under this Agreement, including any future advances made by [Secured Party Name] under this Agreement. The security interest will apply to both present and future advances, regardless of the timing of the disbursement.
Security interest in accounts receivable
This clause ensures the lender has a security interest in accounts receivable.
The [Party Name] grants to [Secured Party Name] a security interest in all accounts receivable, including all present and future amounts owed to the [Party Name] by its customers, to secure the repayment of obligations under this Agreement. The security interest will remain in effect until all obligations are fully satisfied.
Security interest with rights to sell collateral
This clause grants the right to sell collateral upon default.
In the event of default under this Agreement, [Secured Party Name] shall have the right to sell, lease, or otherwise dispose of the collateral described herein, including but not limited to [list of collateral], in order to satisfy the obligations owed by [Party Name]. The collateral will be sold in a commercially reasonable manner.
Security interest in future inventory
This clause ensures the security interest covers future inventory.
The [Party Name] grants to [Secured Party Name] a security interest in all present and future inventory, including goods in transit, produced, or acquired by the [Party Name] during the term of this Agreement, to secure payment of obligations under this Agreement. The security interest will automatically attach to such future inventory.
Security interest in insurance proceeds
This clause ensures the security interest applies to insurance proceeds.
The [Party Name] grants to [Secured Party Name] a security interest in any insurance proceeds related to the collateral described herein, including coverage for loss, damage, or destruction of the secured property. These proceeds will be used to satisfy the obligations under this Agreement.
Security interest for outstanding debts
This clause ensures the security interest applies to any outstanding debts.
The [Party Name] grants to [Secured Party Name] a security interest in all present and future assets, including [list of assets], as collateral for any outstanding debts owed by the [Party Name] under this Agreement. The security interest will remain in effect until all outstanding debts are fully repaid.
Security interest clause with specific terms for collateral release
This clause defines the conditions for collateral release.
The security interest granted herein will be released upon the full payment of all obligations owed under this Agreement. The release of the security interest in the collateral will be executed promptly by [Secured Party Name] once the obligations are satisfied, and all necessary documentation will be provided to reflect the release.
Security interest in leases or rental agreements
This clause ensures the security interest applies to leases or rental agreements.
The [Party Name] grants to [Secured Party Name] a security interest in any leases, rental agreements, or similar contracts related to the operation of its business, including but not limited to rental income and any associated rights. This security interest secures the performance of all obligations under this Agreement.
Security interest for secured loans
This clause grants a security interest for secured loans.
The [Party Name] grants to [Secured Party Name] a security interest in all [list of collateral] to secure the repayment of the loan provided under this Agreement. This security interest will remain in effect until the full loan amount is repaid, including any interest, fees, and costs.
Security interest with perfection of rights
This clause ensures perfection of the security interest.
The [Party Name] agrees to take all necessary steps to perfect the security interest granted herein, including the filing of any required financing statements or documentation, to ensure that [Secured Party Name] has a first priority security interest in the collateral described in this Agreement.
Security interest in intellectual property licensing agreements
This clause ensures the security interest applies to IP licensing agreements.
The [Party Name] grants to [Secured Party Name] a security interest in all intellectual property licensing agreements, including any royalty payments, licensing fees, or other payments arising from such agreements, to secure the repayment of obligations under this Agreement.
Security interest for specific asset classes
This clause applies the security interest to specific asset classes.
The [Party Name] grants to [Secured Party Name] a security interest in [specific asset class] such as machinery, vehicles, or software licenses, to secure the performance of all obligations under this Agreement. The security interest will be applied only to the specified class of assets.
Security interest for cross-collateralization
This clause allows cross-collateralization for multiple obligations.
The security interest granted by [Party Name] to [Secured Party Name] under this Agreement shall serve as collateral for all current and future obligations owed by [Party Name] under any agreements, including loans, credit lines, or other contractual obligations, effectively cross-collateralizing multiple obligations.
Security interest in fixed assets
This clause ensures the security interest applies to fixed assets.
The [Party Name] grants to [Secured Party Name] a security interest in all fixed assets, including real estate, machinery, and equipment, as collateral to secure the obligations under this Agreement. This security interest will remain in effect until the full satisfaction of the obligations.
Security interest in receivables and payments
This clause ensures the security interest applies to receivables.
The [Party Name] grants to [Secured Party Name] a security interest in all accounts receivable, including all amounts owed to [Party Name] by its customers. The security interest will remain in place until all obligations under this Agreement are satisfied in full.
Security interest in inventory and goods
This clause ensures the security interest applies to inventory.
The [Party Name] grants to [Secured Party Name] a security interest in all inventory, including raw materials, finished goods, and goods in transit. This security interest secures the payment of obligations under this Agreement and remains in effect until the obligations are fully paid.
Security interest in future assets
This clause ensures the security interest applies to future assets.
The [Party Name] grants to [Secured Party Name] a security interest in all present and future assets, including any assets acquired by the [Party Name] during the term of this Agreement. The security interest will automatically apply to any new assets acquired.
Security interest in specific equipment
This clause grants a security interest in specific equipment.
The [Party Name] grants to [Secured Party Name] a security interest in the specific equipment listed as collateral, including [list of equipment], to secure the obligations under this Agreement. The security interest will be perfected once the necessary filings are completed.
Security interest for performance of duties
This clause ensures the security interest is tied to the performance of duties.
The [Party Name] grants to [Secured Party Name] a security interest in all assets of the [Party Name] to secure the full and timely performance of its duties and obligations under this Agreement. The security interest will remain until all obligations are completed to the satisfaction of [Secured Party Name].
Security interest with specific default actions
This clause outlines the actions in case of default.
If [Party Name] defaults under any terms of this Agreement, [Secured Party Name] will have the right to take possession of the collateral described herein, including [list of collateral], and may sell or otherwise dispose of the collateral to satisfy the obligations owed.
Security interest for the payment of loans
This clause grants a security interest to secure loan repayment.
The [Party Name] grants to [Secured Party Name] a security interest in all assets of the [Party Name], including equipment and receivables, to secure repayment of the loan under this Agreement. The security interest will be enforceable until the full repayment of the loan, including any interest.
Security interest for cross-collateralization of debts
This clause ensures cross-collateralization of multiple debts.
The security interest granted by [Party Name] to [Secured Party Name] under this Agreement applies to all obligations owed by [Party Name], including those arising from separate agreements or loans, effectively cross-collateralizing these obligations to secure their repayment.
Security interest for sales of assets
This clause allows for the sale of assets under the security interest.
In the event of default, [Secured Party Name] shall have the right to sell, lease, or otherwise dispose of the collateral, including [list of assets], to satisfy any outstanding debts or obligations owed under this Agreement.
Security interest in licenses and royalties
This clause grants a security interest in licenses and royalties.
The [Party Name] grants to [Secured Party Name] a security interest in all licenses, intellectual property rights, and royalties arising from such rights, to secure the obligations under this Agreement. This security interest will be maintained until all obligations are fully discharged.
Security interest for personal property in business
This clause ensures the security interest applies to business-related personal property.
The [Party Name] grants to [Secured Party Name] a security interest in all business-related personal property, including office equipment, vehicles, and inventories, to secure the payment of obligations owed under this Agreement.
Security interest with lien on equipment
This clause creates a lien on equipment as collateral.
The [Party Name] grants to [Secured Party Name] a lien on the equipment listed in Schedule A, including any additions, replacements, or substitutions, to secure the obligations under this Agreement. The lien will remain in effect until the debt is fully satisfied.
Security interest in securities and financial assets
This clause ensures the security interest applies to financial assets.
The [Party Name] grants to [Secured Party Name] a security interest in all securities, bonds, and other financial assets held by [Party Name] to secure the obligations under this Agreement. The security interest will remain in effect until all financial obligations are met.
Security interest with rights to assign collateral
This clause allows assignment of collateral.
The [Party Name] grants to [Secured Party Name] a security interest in all present and future collateral, including [list of assets], and agrees to assign the collateral to [Secured Party Name] in the event of default under this Agreement.
Security interest for business assets subject to change
This clause ensures the security interest applies to changing business assets.
The [Party Name] grants to [Secured Party Name] a security interest in all business assets, including any changes or additions to these assets during the term of this Agreement, ensuring that all new assets are secured by the original agreement.
Security interest for the protection of rights to recover debt
This clause secures the rights to recover debt.
The [Party Name] grants to [Secured Party Name] a security interest in all of its tangible and intangible assets to secure the recovery of any debt or payment obligations owed under this Agreement, including rights to recover damages for any breach.
Security interest for goods subject to delivery
This clause ensures security interest in goods that are subject to delivery.
The [Party Name] grants to [Secured Party Name] a security interest in all goods, including goods in transit, delivered or to be delivered under this Agreement, as collateral for the payment and performance of obligations. The security interest will apply until the full performance of the Agreement.
Security interest in receivables and assets
This clause ensures the security interest applies to both receivables and assets.
The [Party Name] grants to [Secured Party Name] a security interest in all of its current and future receivables, including amounts owed by customers, as well as all tangible assets, to secure the full and timely performance of its obligations under this Agreement.
Security interest for control over collateral
This clause grants the secured party control over collateral.
The [Party Name] grants to [Secured Party Name] a security interest in all assets listed herein, including but not limited to [list of assets], and agrees to provide [Secured Party Name] with control over the collateral in the event of default under this Agreement.
Security interest in rental income
This clause ensures the security interest applies to rental income.
The [Party Name] grants to [Secured Party Name] a security interest in all rental income derived from properties owned or controlled by [Party Name], as collateral for the repayment of the obligations under this Agreement. The security interest will remain until the obligations are fulfilled.
Security interest in future investments
This clause secures future investments.
The [Party Name] grants to [Secured Party Name] a security interest in any future investments or financial instruments acquired by [Party Name] throughout the term of this Agreement. The security interest will automatically attach to such assets as they are acquired.
Security interest for inventory financing
This clause ensures the security interest applies to inventory.
The [Party Name] grants to [Secured Party Name] a security interest in all current and future inventory held by [Party Name], including raw materials, finished goods, and supplies, to secure financing and the repayment of obligations under this Agreement.
Security interest in the assignment of contracts
This clause applies the security interest to contract assignments.
The [Party Name] grants to [Secured Party Name] a security interest in all rights to contracts and agreements, including any assigned contracts or future contracts that may be entered into, as collateral to secure performance of obligations under this Agreement.
Security interest in intellectual property rights
This clause secures intellectual property rights.
The [Party Name] grants to [Secured Party Name] a security interest in all of its intellectual property rights, including but not limited to patents, trademarks, copyrights, and any related royalties, as collateral to secure the obligations under this Agreement.
Security interest for proceeds of asset sales
This clause grants the secured party a security interest in sale proceeds.
The [Party Name] grants to [Secured Party Name] a security interest in the proceeds from any future sale of assets, including [list of asset types]. The security interest will remain in effect until the full repayment of obligations owed under this Agreement.
Security interest in account balances
This clause ensures the security interest applies to account balances.
The [Party Name] grants to [Secured Party Name] a security interest in all account balances held by [Party Name] in its business accounts, including all deposits, funds, and other assets in those accounts, as collateral for the performance of its obligations under this Agreement.
Security interest for full repayment guarantee
This clause guarantees full repayment with security interest.
The [Party Name] grants to [Secured Party Name] a security interest in all of its assets, including real and personal property, to guarantee the full repayment of any debts owed under this Agreement. The security interest will remain until all obligations are satisfied in full.
Security interest for asset-based lending
This clause applies the security interest to an asset-based loan.
The [Party Name] grants to [Secured Party Name] a security interest in its assets, including [list of assets] and any future assets, to secure the repayment of an asset-based loan under the terms of this Agreement.
Security interest in accounts payable
This clause grants a security interest in accounts payable.
The [Party Name] grants to [Secured Party Name] a security interest in all accounts payable, including amounts owed to [Party Name] by its suppliers and vendors, to secure the performance of its obligations under this Agreement.
Security interest in future debts
This clause ensures the security interest covers future debts.
The [Party Name] grants to [Secured Party Name] a security interest in all current and future debts, including any obligations arising from loans, lines of credit, or other financial instruments, to secure repayment of the amounts owed under this Agreement.
Security interest for default-related expenses
This clause grants a security interest to cover default-related expenses.
The [Party Name] grants to [Secured Party Name] a security interest in all assets to cover any costs, legal fees, and expenses incurred due to default under this Agreement. This security interest will cover any reasonable expenses required to enforce the Agreement.
Security interest for cross-border collateral
This clause applies the security interest across jurisdictions.
The [Party Name] grants to [Secured Party Name] a security interest in all of its assets, including any assets located outside the jurisdiction of this Agreement. The security interest will be enforceable in all jurisdictions where the assets are located.
Security interest for equipment lease payments
This clause ensures the security interest applies to lease payments.
The [Party Name] grants to [Secured Party Name] a security interest in all lease payments received under equipment leases or rental agreements, as collateral to secure repayment of obligations under this Agreement. The security interest applies to both current and future lease payments.
Security interest for guarantees from third parties
This clause grants a security interest based on third-party guarantees.
The [Party Name] grants to [Secured Party Name] a security interest in any guarantees or collateral provided by third parties as part of this Agreement. This security interest will apply to the full value of the third-party guarantees until the obligations are satisfied.
Security interest in ownership interests
This clause ensures the security interest covers ownership interests.
The [Party Name] grants to [Secured Party Name] a security interest in any ownership interests, including shares of stock, partnership interests, or membership units, held by [Party Name] to secure the performance of its obligations under this Agreement.
Security interest for compliance with regulatory requirements
This clause ensures the security interest applies to regulatory compliance.
The [Party Name] grants to [Secured Party Name] a security interest in all assets necessary for compliance with regulatory requirements, including licenses, permits, and certifications, as collateral for fulfilling the obligations under this Agreement.
Security interest in digital assets
This clause ensures the security interest applies to digital assets.
The [Party Name] grants to [Secured Party Name] a security interest in all digital assets, including domain names, software, databases, and any related intellectual property, as collateral for the performance of obligations under this Agreement.
Security interest in future contracts
This clause applies the security interest to future contracts.
The [Party Name] grants to [Secured Party Name] a security interest in any future contracts or agreements entered into by [Party Name] during the term of this Agreement. This security interest will apply to the rights and obligations arising from those contracts.
Security interest in agricultural assets
This clause ensures the security interest applies to agricultural assets.
The [Party Name] grants to [Secured Party Name] a security interest in all agricultural assets, including crops, livestock, equipment, and inventory, to secure the obligations under this Agreement. This security interest will be maintained until all obligations are satisfied.
Security interest for non-payment penalties
This clause ensures the security interest applies to non-payment penalties.
In the event of non-payment under this Agreement, the [Party Name] grants to [Secured Party Name] a security interest in all assets, including [list of collateral], to cover any penalties, fees, or damages resulting from the failure to make payment on time.
Security interest for future income
This clause ensures the security interest applies to future income.
The [Party Name] grants to [Secured Party Name] a security interest in any future income or revenues generated by [Party Name] from its business activities, including but not limited to sales, service fees, or royalties, as collateral for the repayment of obligations under this Agreement.
Security interest in cash equivalents
This clause grants a security interest in cash equivalents.
The [Party Name] grants to [Secured Party Name] a security interest in all cash equivalents, including but not limited to cash, certificates of deposit, and money market funds, to secure the performance of its obligations under this Agreement.
Security interest in freight and shipping assets
This clause ensures the security interest applies to freight and shipping assets.
The [Party Name] grants to [Secured Party Name] a security interest in all freight, shipping, and transportation-related assets, including vehicles, vessels, and goods in transit, to secure the repayment of obligations under this Agreement.
Security interest in future distributions
This clause secures future distributions.
The [Party Name] grants to [Secured Party Name] a security interest in any future distributions, dividends, or profit-sharing payments made by [Party Name] to its members, shareholders, or partners, as collateral for the repayment of obligations under this Agreement.
Security interest in customer deposits
This clause secures customer deposits.
The [Party Name] grants to [Secured Party Name] a security interest in all customer deposits, including security deposits and prepaid amounts, as collateral for the repayment of obligations under this Agreement.
Security interest in accounts held by third parties
This clause secures third-party-held accounts.
The [Party Name] grants to [Secured Party Name] a security interest in any accounts held by third parties, including bank accounts, trust accounts, or escrow accounts, to secure the performance of obligations under this Agreement.
Security interest for royalty payments
This clause applies the security interest to royalty payments.
The [Party Name] grants to [Secured Party Name] a security interest in all future royalty payments owed to [Party Name] under any intellectual property licensing or royalty agreement, as collateral to secure obligations under this Agreement.
Security interest in insurance policies
This clause ensures the security interest applies to insurance policies.
The [Party Name] grants to [Secured Party Name] a security interest in all insurance policies held by [Party Name], including life, property, and casualty insurance policies, to secure the obligations under this Agreement.
Security interest for seller financing
This clause ensures the security interest applies to seller financing.
The [Party Name] grants to [Secured Party Name] a security interest in the property being financed under this Agreement, including any goods or services sold on credit, as collateral for the repayment of seller financing amounts.
Security interest in mining rights
This clause ensures the security interest applies to mining rights.
The [Party Name] grants to [Secured Party Name] a security interest in all mining rights, leases, permits, and related assets owned or controlled by [Party Name], as collateral to secure the obligations under this Agreement.
Security interest in intellectual property income
This clause ensures the security interest applies to intellectual property income.
The [Party Name] grants to [Secured Party Name] a security interest in all income derived from the licensing, sale, or use of its intellectual property, including patents, trademarks, and copyrights, as collateral to secure the repayment of obligations under this Agreement.
Security interest in licenses and sublicenses
This clause ensures the security interest applies to licenses and sublicenses.
The [Party Name] grants to [Secured Party Name] a security interest in all licenses, sublicenses, or any other rights granted by [Party Name] to third parties, including any payments or royalties derived from such licenses, to secure the performance of obligations under this Agreement.
Security interest in inventory held by third parties
This clause applies the security interest to third-party-held inventory.
The [Party Name] grants to [Secured Party Name] a security interest in any inventory held by third parties, including inventory stored in warehouses or consignment locations, as collateral to secure repayment of obligations under this Agreement.
Security interest in future receivables
This clause ensures the security interest applies to future receivables.
The [Party Name] grants to [Secured Party Name] a security interest in all future receivables, including any amounts owed to [Party Name] by customers, suppliers, or any other third party, to secure obligations under this Agreement.
Security interest for the sale of goods
This clause ensures the security interest applies to the sale of goods.
The [Party Name] grants to [Secured Party Name] a security interest in all goods sold under this Agreement, including any payments due from the sale of such goods, to secure repayment of obligations under this Agreement.
Security interest for future inventory purchases
This clause ensures the security interest applies to future inventory.
The [Party Name] grants to [Secured Party Name] a security interest in all future inventory purchases, including goods that will be acquired by [Party Name] during the term of this Agreement, to secure the performance of all obligations under this Agreement.
Security interest in deposits with suppliers
This clause secures deposits made to suppliers.
The [Party Name] grants to [Secured Party Name] a security interest in any deposits paid to suppliers for goods or services, including any refundable deposits, as collateral to secure the obligations under this Agreement.
Security interest for future product sales
This clause ensures the security interest applies to future product sales.
The [Party Name] grants to [Secured Party Name] a security interest in all future product sales, including all related rights and proceeds, as collateral to secure the performance of obligations under this Agreement.
Security interest for payments due under contracts
This clause ensures the security interest applies to payments due under contracts.
The [Party Name] grants to [Secured Party Name] a security interest in all payments due under contracts entered into by [Party Name], including receivables, performance fees, and royalties, to secure the payment of obligations under this Agreement.
Security interest in rights to collect debts
This clause ensures the security interest applies to rights to collect debts.
The [Party Name] grants to [Secured Party Name] a security interest in all rights to collect debts owed to [Party Name], including any receivables, settlements, or claims. This security interest is granted to secure the performance of obligations under this Agreement.
Security interest in proceeds from asset sales
This clause ensures the security interest applies to asset sale proceeds.
The [Party Name] grants to [Secured Party Name] a security interest in all proceeds from the sale or disposition of assets, including but not limited to real estate, equipment, and inventory, as collateral for repayment of obligations under this Agreement.
Security interest for payment of future liabilities
This clause ensures the security interest applies to future liabilities.
The [Party Name] grants to [Secured Party Name] a security interest in all of its current and future assets, including property, inventory, and intellectual property, to secure the payment of any future liabilities that may arise under this Agreement.
Security interest for future income from investments
This clause secures future income from investments.
The [Party Name] grants to [Secured Party Name] a security interest in any income or returns from future investments, including stocks, bonds, and other financial assets, to secure the obligations under this Agreement.
Security interest in intellectual property licenses and rights
This clause ensures the security interest applies to intellectual property.
The [Party Name] grants to [Secured Party Name] a security interest in all licenses, trademarks, patents, copyrights, and other intellectual property rights held by [Party Name], including the rights to use or sublicense these assets, as collateral for the repayment of obligations under this Agreement.
Security interest in business goodwill
This clause applies the security interest to business goodwill.
The [Party Name] grants to [Secured Party Name] a security interest in the goodwill of its business, including any customer relationships, trademarks, and reputation that may add value to the business, as collateral for the performance of obligations under this Agreement.
Security interest in goods held on consignment
This clause secures goods held on consignment.
The [Party Name] grants to [Secured Party Name] a security interest in all goods held on consignment, including any goods not yet sold, as collateral to secure the payment of any outstanding obligations under this Agreement.
Security interest for payment of specific debt obligations
This clause ensures the security interest applies to specific debt obligations.
The [Party Name] grants to [Secured Party Name] a security interest in its assets, including [specific asset types], to secure the payment of [specific debt obligations] arising from this Agreement.
Security interest for customer warranties and claims
This clause ensures the security interest applies to customer warranties and claims.
The [Party Name] grants to [Secured Party Name] a security interest in any warranties, guarantees, or claims arising from customer contracts, including any monetary claims, to secure the payment of obligations under this Agreement.
Security interest for any financial proceeds or income
This clause secures any financial proceeds or income.
The [Party Name] grants to [Secured Party Name] a security interest in all financial proceeds, income, and earnings generated from the business, including payments from customers, rental income, or sales proceeds, as collateral to secure repayment of obligations under this Agreement.
Security interest in rights to recover outstanding debts
This clause ensures the security interest applies to the right to recover debts.
The [Party Name] grants to [Secured Party Name] a security interest in its right to recover outstanding debts, including receivables, judgments, and claims, as collateral for the obligations under this Agreement.
Security interest for payments received from affiliated companies
This clause applies the security interest to payments from affiliates.
The [Party Name] grants to [Secured Party Name] a security interest in any payments or financial transactions received from affiliated companies or subsidiaries, as collateral for fulfilling obligations under this Agreement.
Security interest in future production outputs
This clause ensures the security interest applies to future production outputs.
The [Party Name] grants to [Secured Party Name] a security interest in all future production outputs, including goods, products, or services produced or manufactured by [Party Name], to secure the performance of obligations under this Agreement.
Security interest for repayments from business income
This clause secures repayments from business income.
The [Party Name] grants to [Secured Party Name] a security interest in all future income derived from the operation of its business, including sales, earnings, and contracts, to secure the repayment of obligations under this Agreement.
Security interest for sale of equipment or machinery
This clause ensures the security interest applies to equipment or machinery sales.
The [Party Name] grants to [Secured Party Name] a security interest in any equipment or machinery sold, leased, or transferred, including any proceeds from the sale of such equipment, as collateral for the performance of obligations under this Agreement.
Security interest for income from business assets
This clause secures income from business assets.
The [Party Name] grants to [Secured Party Name] a security interest in all income derived from the ownership, use, or lease of business assets, including property, equipment, and intellectual property, to secure the obligations under this Agreement.
Security interest for sale of real property
This clause secures the sale of real property.
The [Party Name] grants to [Secured Party Name] a security interest in the real property located at [address], including any future sale proceeds, as collateral to secure repayment of obligations under this Agreement.
Security interest for ongoing business operations
This clause secures ongoing business operations.
The [Party Name] grants to [Secured Party Name] a security interest in all assets used in the ongoing operations of its business, including inventory, machinery, and cash flows, as collateral to secure the obligations under this Agreement.
Security interest in shares and equity interests
This clause secures shares and equity interests.
The [Party Name] grants to [Secured Party Name] a security interest in all shares, equity interests, or membership units held in any subsidiary or affiliate of [Party Name], as collateral for fulfilling the obligations under this Agreement.
Security interest for sales proceeds from stock and bonds
This clause ensures the security interest applies to stock and bond sales.
The [Party Name] grants to [Secured Party Name] a security interest in all proceeds derived from the sale of stocks, bonds, or other securities held by [Party Name], to secure the repayment of obligations under this Agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.