Adls General Security Agreement

Under aCG, a debtor is required vis-à-vis the secured creditor to pay the amounts due to the secured party at maturity, to fulfil obligations under an agreement, not to allow another party to take collateral in the same assets without consent, or not to change control of the business without consent. A General Security Agreement (GSA) is a document that records a security that a debtor enterprise makes available to its creditor through a certain group of assets or all of the entity`s assets. The GSA registers the conditions that include the creditor`s right to register his interests in the Personal Securities Registry (PPSR), so that there is a public rating of this financial interest for the assets of the debtor entity.

Detta inlägg är publicerat under Okategoriserade av admin. Bokmärk permalänken.