Common use of Pledge Security Clause in Contracts

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - In its entirety and without discount to the amount owed. ☐ - Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] _________________________________ (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - In its entirety and without discount to the amount owed. ☐ - Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - In its entirety and without discount to the amount owed. ☐ - Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] [DESCRIBE] (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - In its entirety and without discount to the amount owed. ☐ - Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - In its entirety and without discount to the amount owed. ☐ - Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (Describe) (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - Please choose the best option: ___ In its entirety and without discount to the amount owed. ☐ - ___ Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower Debtor agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (“Security”). (Please describe the collateral) In the event the Borrower Debtor defaults under this Agreement, the Lender Creditor shall obtain possession of the Collateral: (check one) ☐ - Please choose the best option. ___ In its entirety and without discount to the amount owed. ☐ - ___ Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.

Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: [DESCRIBE] (“Security”). ) (Please describe the collateral.) In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - Please choose the best option: ___ In its entirety and without discount to the amount owed. ☐ - ___ Equal to the amount owed of which a sale may be required. ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.