Secured Parties definition: Copy, customize, and use instantly
Introduction
The term "Secured Parties" refers to parties who hold security interests in a debtor's property, typically in the context of a secured loan or credit agreement. These parties have legal rights over collateral that is pledged to secure the repayment of obligations. It is essential for defining the entities who have the right to enforce security interests, take possession of collateral, and assert priority claims in case of default or bankruptcy.
Below are various examples of how "Secured Parties" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Secured Parties" as part of a security interest
This definition ties "Secured Parties" to entities holding a security interest.
"Secured Parties" means any party that holds a security interest in collateral, including lenders or other entities entitled to claim collateral in case of default.
Definition of "Secured Parties" as creditors in a financing agreement
This definition connects "Secured Parties" to creditors within a loan agreement.
"Secured Parties" refers to creditors that are granted security interests in the borrower’s assets to secure the repayment of obligations under the financing agreement.
Definition of "Secured Parties" as individuals or entities entitled to enforce rights
This definition links "Secured Parties" to those with the right to enforce contractual security interests.
"Secured Parties" means individuals or entities with the right to enforce security interests in accordance with the terms of a security agreement.
Definition of "Secured Parties" as specified in a collateral agreement
This definition ties "Secured Parties" to their role in a collateral pledge.
"Secured Parties" refers to parties to a collateral agreement who have the legal right to claim collateral in the event of a default by the debtor.
Definition of "Secured Parties" as a group of lenders
This definition connects "Secured Parties" to a collective group of financial institutions.
"Secured Parties" means a group of lenders or other financial institutions who hold security interests in the debtor’s assets to secure the obligations owed to them.
Definition of "Secured Parties" as beneficiaries of security agreements
This definition links "Secured Parties" to their role as beneficiaries of security interests.
"Secured Parties" refers to any party that benefits from the security interests granted under a security agreement, ensuring the repayment of the secured obligations.
Definition of "Secured Parties" as parties to a pledge of collateral
This definition ties "Secured Parties" to their involvement in securing collateral.
"Secured Parties" means parties that have a vested interest in the collateral pledged by the debtor under a security agreement.
Definition of "Secured Parties" as parties holding priority in collateral
This definition connects "Secured Parties" to their priority status in claims against collateral.
"Secured Parties" refers to the parties holding priority in claims against the collateral in case of the debtor’s default or bankruptcy.
Definition of "Secured Parties" as entities with the right to receive payment from collateral
This definition links "Secured Parties" to their entitlement to receive payment.
"Secured Parties" means entities entitled to receive payment or recover funds from the sale or liquidation of collateral in the event of default.
Definition of "Secured Parties" as stakeholders in a secured transaction
This definition connects "Secured Parties" to their role as stakeholders in a transaction.
"Secured Parties" refers to parties whose financial interests are secured by a pledge of collateral under a security agreement.
Definition of "Secured Parties" as holders of a perfected security interest
This definition ties "Secured Parties" to the perfection of their security interests.
"Secured Parties" means parties that hold a perfected security interest in collateral, ensuring their legal priority over unperfected creditors.
Definition of "Secured Parties" as defined in the Uniform Commercial Code (UCC)
This definition links "Secured Parties" to their legal role under the UCC.
"Secured Parties" refers to creditors who, under the Uniform Commercial Code, hold a valid and enforceable security interest in a debtor’s property.
Definition of "Secured Parties" as parties with a claim to collateral
This definition ties "Secured Parties" to their claim on specific collateral.
"Secured Parties" means parties that have a legal claim on collateral provided by the debtor as security for the repayment of a loan or obligation.
Definition of "Secured Parties" as parties entitled to notice of default
This definition connects "Secured Parties" to their right to receive notice.
"Secured Parties" refers to parties entitled to be notified of the debtor’s default or failure to meet obligations under the security agreement.
Definition of "Secured Parties" as individuals or institutions with collateral rights
This definition links "Secured Parties" to their legal rights in collateral.
"Secured Parties" means individuals or institutions that have rights to collateral pledged by the debtor to secure the repayment of a debt.
Definition of "Secured Parties" as parties entitled to enforcement of collateral agreements
This definition ties "Secured Parties" to their right to enforce collateral agreements.
"Secured Parties" refers to parties with the right to enforce the terms of a collateral agreement and liquidate the collateral to satisfy the debt owed.
Definition of "Secured Parties" as parties included in a securityholder group
This definition connects "Secured Parties" to their involvement in a collective group of securityholders.
"Secured Parties" means parties that are part of a group of creditors or investors who hold a security interest in the collateral securing the debtor’s obligations.
Definition of "Secured Parties" as parties to an intercreditor agreement
This definition links "Secured Parties" to their role in intercreditor agreements.
"Secured Parties" refers to creditors that are parties to an intercreditor agreement, which governs the relative priorities of different security interests in collateral.
Definition of "Secured Parties" as defined under bankruptcy law
This definition ties "Secured Parties" to their status in bankruptcy proceedings.
"Secured Parties" means creditors who, under bankruptcy law, have a secured claim against the debtor’s assets, which are prioritized over unsecured claims.
Definition of "Secured Parties" as parties holding security interests
This definition ties "Secured Parties" to their role in holding security interests in debtor's property.
"Secured Parties" means parties that hold a security interest in assets pledged by the debtor to secure the repayment of obligations.
Definition of "Secured Parties" as financial institutions with collateral rights
This definition connects "Secured Parties" to financial institutions with rights over collateral.
"Secured Parties" refers to financial institutions that have been granted a security interest in collateral as part of a loan agreement or other financing arrangement.
Definition of "Secured Parties" as parties with the right to enforce security
This definition links "Secured Parties" to their authority to enforce security rights.
"Secured Parties" means parties authorized to enforce the security interest granted by the debtor, including taking possession of collateral in the event of default.
Definition of "Secured Parties" as participants in a secured loan agreement
This definition ties "Secured Parties" to their participation in a secured lending arrangement.
"Secured Parties" refers to the lenders or creditors involved in a secured loan agreement, holding rights to the collateral pledged by the borrower.
Definition of "Secured Parties" as parties with a claim on pledged assets
This definition connects "Secured Parties" to their entitlement to the pledged assets.
"Secured Parties" means creditors or other entities who have a claim on specific assets pledged as collateral to secure a debt.
Definition of "Secured Parties" as beneficiaries of a collateral agreement
This definition links "Secured Parties" to their role as beneficiaries in collateral agreements.
"Secured Parties" refers to parties that benefit from the security interest granted to ensure repayment of the debtor’s obligations under a loan or agreement.
Definition of "Secured Parties" as creditors with a priority interest in collateral
This definition ties "Secured Parties" to their priority claim over collateral.
"Secured Parties" means creditors with a superior claim over other creditors with respect to collateral pledged by the debtor.
Definition of "Secured Parties" as parties defined in a security agreement
This definition connects "Secured Parties" to their explicit inclusion in a security agreement.
"Secured Parties" refers to parties specified in a security agreement who are entitled to enforce security interests over the pledged collateral.
Definition of "Secured Parties" as parties to a financing statement
This definition links "Secured Parties" to their inclusion in a public financing statement.
"Secured Parties" means entities listed in a financing statement as having a security interest in collateral under the Uniform Commercial Code (UCC).
Definition of "Secured Parties" as parties to an asset-backed transaction
This definition ties "Secured Parties" to asset-backed transactions.
"Secured Parties" refers to parties involved in an asset-backed financing transaction, securing the loan or obligation with specific assets.
Definition of "Secured Parties" as parties with a perfected security interest
This definition connects "Secured Parties" to the perfection of their security interest.
"Secured Parties" means parties holding a perfected security interest in collateral, which is legally enforceable against third parties.
Definition of "Secured Parties" as creditors in a bankruptcy proceeding
This definition links "Secured Parties" to their status in a bankruptcy process.
"Secured Parties" refers to creditors who hold secured claims against the debtor’s assets, which take priority over unsecured claims during bankruptcy proceedings.
Definition of "Secured Parties" as institutional lenders with collateral rights
This definition ties "Secured Parties" to institutional lenders in the context of collateralized loans.
"Secured Parties" means institutional lenders or other creditors who have a claim on the collateral pledged by the debtor to secure the loan or credit facility.
Definition of "Secured Parties" as those holding an enforceable lien on property
This definition connects "Secured Parties" to those holding a lien on property.
"Secured Parties" refers to individuals or institutions holding an enforceable lien on the debtor’s property or assets to secure repayment of a debt.
Definition of "Secured Parties" as entities with a right to foreclose on collateral
This definition links "Secured Parties" to their right to foreclose on collateral.
"Secured Parties" means parties that have the legal right to foreclose or seize collateral upon the debtor’s default.
Definition of "Secured Parties" as parties to a collateral agreement
This definition ties "Secured Parties" to their involvement in collateral agreements.
"Secured Parties" refers to any party that is party to a collateral agreement, entitled to claim or sell collateral in the event of the debtor’s default.
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.