Easily Remove Number Fields from the Pledge Agreement

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How to Remove Number Fields from the Pledge Agreement

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MARY WHISNER: Hi, this is Mary Whisner from the Gallagher Law Library at the University of Washington School of Law. How can you focus your search so that you dont get a zillion results? Big tip here is to take advantage of the way the documents are structured in the database. Just as in your contacts list, theres a field for name and field for email, in databases theres always a way that documents are structured. Heres an example: if were looking for Washington cases involving the Department of Ecology, we might just search for Department of Ecology. In Lexis that gets 986 cases. But that includes some cases like this one, where one of the judges cites a case about the Department of Ecology, but the case itself seems to be about bankers. So thats not what we want. Solution: look for the Advanced Search option in Lexis, and then they will give you a template showing you different fields that you can use. In this case, Im going to search for Department of Ecology to be the party

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When would you use a pledge agreement?

This is a standard form of pledge agreement to be used in connection with a syndicated loan agreement. It is intended to create a security interest over equity interests and promissory notes owned by the grantors.

What does pledge as security mean?

WHAT IS PLEDGING OF SECURITIES? Pledging here refers to an activity in which the borrower (pledgor) of funds uses securities as a form of collateral to secure the funds it borrows or takes from the lender (Pledgee).

Is a pledge agreement the same as a security agreement?

Under the UCC, a pledge agreement is a security agreement. The nature of the pledged assets means that a pledge agreement may contain different representations and warranties and covenants than a security agreement over business assets (for example, voting rights).

What is the difference between a loan agreement and a security agreement?

Loans from banks or other institutional lenders are always made using a number of documents, two of which are a promissory and security agreement. In general, the promissory note is your written promise to repay the loan and a security agreement is used when collateral is given for the loan.

How does a pledge agreement work?

A pledge and security agreement is a legal document that outlines an arrangement in which one party (the pledgor) unconditionally transfers the title to a specific property or asset to another person or entity (the pledgee), who accepts it for safekeeping, usually in return for some form of compensation.

What is another name for a security agreement?

A pledge agreement is just another name for a security agreement which creates a security interest in equity and promissory notes. The term pledge predates the UCC, when a pledge involved the creation of a security interest by physical possession of the property.

What is considered a security agreement?

A SECURITY AGREEMENT is an agreement that. creates or provides for an interest in personal property. that secures payment or performance of an obligation.

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Remove Number Fields from the Pledge Agreement