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General agreements

Collateral Agreement

November 23, 2011 by agri in General agreements with 0 Comments
The collateral agreement is a binding contract made between two parties, one of whom is the “Assignor” or the company that is enforcing or assigning the collateral agreement as a guarantee while the other is the “Receiver” or the company or individual receiving the collateral. A collateral agreement can be unilateral or bilateral in nature. You can Download the Free Collateral Agreement customize it according to your needs and Print. Collateral Agreement is either in MS Word, Excel or in PDF.

Sample collateral agreement

Collateral Agreement

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This agreement is made between the “Assignor” and “Receiver” on the effective date of 16th November, 2011. Assignor represented by Mr. Jones Dow Top Drive Address: 4208 10th Lane Northeast, Drake ND 58736 Contact number: (701) 838-9715 Receiver represented by:Mr. Arjun Nagpal Address: 1796 Lake Street, Bristol NH 03222 Contact number: (603) 744-6320 Terms and Conditions:

  • The “Assignor” of this Collateral Agreement can enter other guarantee obligations at any point in time under a single or multiple “Interest Rate Protection Agreement” or any other Agreements including “Hedging Agreement” with another “Receiver” or several “Receivers”.
  • This Collateral Agreement has been drafted and made by the “Assignor” in favor of the said “Receiver” – Mr. Arjun Nagpal, dated 16 Nov 2011 and valid for a period of two (2) years.
  • The “Receiver” under this Collateral Agreement will transfer or assign their title, right, and interest to the said “Assignor”. This will include any interest or right currently owned or acquired after the Collateral Agreement is made.
  • If there is a dispute in the near future between the “Assignor” and the “Receiver” concerning responsibility and guarantee or future risk related to the referenced Collateral in this Agreement, then either party can choose to terminate this agreement or settle it with the help of an arbitrator.
  • The Collateral mentioned in this Collateral Agreement will not reduce or increase in value if its value in the market increases or decreases.

IN WITNESS WHEREOF, the parties “Assignor” and “Receiver” have executed this Collateral Agreement as on the date set forth which is 11/16/2011 (MM/DD/YY). SIGNED FOR AND ON BEHALF OF ASSIGNOR BY: ……………………………………………………………. Name: SIGNED FOR AND ON BEHALF OF RECEIVER BY: ……………………………………………………………. Name:

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