Security Agent Loan Agreement

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Posted on November 15, 2018 at 01:36 AM

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Loan agreement - Wikipedia
A loan agreement is a contract between a borrower and a lender which regulates the mutual promises made by each party. There are many types of loan agreements, including "facilities agreements," "revolvers," "term loans," "working capital loans." Loan agreements are documented via a compilation of the various mutual promises made by the involved parties.
Collateral Agent | Practical Law
Also known as a security agent. The financial institution that holds the collateral on behalf of the lenders under a syndicated loan agreement as security for performance of the borrower’s obligations under the loan agreement. The borrower grants a security interest in the collateral to the collateral agent on behalf of the lenders, and the collateral agent, as secured party under the UCC ...
By this Security Agreement, you hereby expressly grant to LENDER as Secured Party, in the event of Default, pursuant to the Promissory Note or any of the terms and conditions of the Loan Agreement, an irrevocable right of Secured Party to physically repossess the Security to allow foreclosure upon Secured Party’s lien.

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