What Is a Debenture Trustee Agreement? A debenture trustee agreement involves two parties, the company, and the debenture trustee. A debenture is an instrument used for raising debt. A debenture trustee is someone who’s entrusted with the trust deed for securing the debentures for any company. This debenture trustee may be a scheduled bank, an […]
An Allocation Contract holds the date, after which the portion of directors’ referral amount will be credited to his or her account. The amount will be paid to the participant, and after that, it will be transferred to their account. The date in the allocation contracts holds significant value, and it is taken seriously. This […]
A Brief Introduction About the Restated Articles of Incorporation Agreement These are the official documents that contain all the details of norms and rules which helps in forming the art of the latest articles in the company. After that, all the amendments have been confirmed and it becomes part of the final document. A restated […]
What Is the Liquidity Provider Agreement? Trade orders in participation rights and shares are admitted to the context of this agreement, and it is accepted in the market, which prohibits manipulation in any form. The liquidity agreement can be defined as the contract between the investment firm and issuer, where the investment company will sell […]
A Brief Introduction About the Administrative Services Agreement? An administrative services agreement is an agreement that is entered into for the purpose of providing administrative services. Through this agreement, a company hires an independent contractor to perform certain administrative services. The definition of administrative services includes various services such as maintaining an accounting system and […]
What Is a Facility Agreement? A corporate loan is often called a ‘facility’ provided through the bank to the borrowing company, and so, a corporate loan agreement is also recognized as a facility agreement. A facility agreement amid the bank and the borrower states the terms laid out in the term sheet in the form […]
A Deed of Trust is an instrument that pledges the property to secure a loan. In a Deed of Trust, the borrower transfers the legal rights over the property in favor of the Trustee, and the Trustee is empowered to sell the property of the borrower in case the borrower defaulted in making payment of […]
What is a Charter Agreement? A Charter Agreement is a legal document that is created between two parties, when either of them wants to charter a mode of transport or service for a specified amount of time. The first party in the Charter Agreement is known as the Client and the second party is known […]
What is a Nominee Agreement? A Nominee Agreement is an agreement through which the owner of a particular property transfers the rights in the property (such as mortgages, licenses, easements, charges etc.) to a nominee selected by him. The property is registered in the name of the nominee for the duration of the agreement so […]
what is a framework agreement? A framework agreement is an agreement between two or more business organizations. The terms relating to price as well as quantity in the contract being awarded for a particular project carried out in a specific period are mentioned in this contract. If the agreement is between two parties, then it […]
A promissory note conversion agreement, also referred to as convertible promissory note, is a debt agreement that converts to equity after a specific date or event. The conversion of the note from debt to equity will depend on the terms and conditions between the company and the investor. The agreement will have the principal amount, […]