Cession of Priority of Rank Agreement

About this template:

Do you need a cession of priority of rank agreement? This template can be used in your business today. See other finance and accounting templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

WHEREAS [YOUR COMPANY NAME] is or will be the creditors of [COMPANY NAME] (the Debtor); WHEREAS the Debtor has granted to the Bank a hypothec on movables (the Bank Security) dated [DATE] which hypothec is to be registered forthwith at the [SPECIFY COUNTRY REGISTER] of the [STATE/PROVINCE] of [STATE/PROVINCE] (the Register) and charges all of the present and future Claims Property in Stock Intellectual Property and rights title and interest to any investment tax credits of the Debtor (collectively the Property) (as each such capitalised expression is defined in the Bank Security);

Download