[{"data":1,"prerenderedAt":521},["ShallowReactive",2],{"document-deed-of-pledge-loan-D983":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":182,"customdescription":6,"mdFm":183,"mdProseHtml":520},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"DEED OF PLEDGE This Deed of Pledge (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lender\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Borrower\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Nominee\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] THE PARTIES HERETO HAVE AGREED AS FOLLOWS: LOAN Subject to and in accordance with all the terms and conditions of that certain promissory note executed by the Borrower in favor of the Lender, dated [DATE], a copy of which is annexed hereto as Schedule \"A\", as same may be amended and supplemented at any time and from time to time (the \"Note\"), the Borrower has borrowed from the Lender the principal amount of [AMOUNT] Dollars in the lawful currency of [COUNTRY] (the \"Loan\"), with interest thereon at the rate stipulated therein. PLEDGE 2.1 Pledge: As a general and continuing collateral security for the repayment by the Borrower to the Lender of the principal amount of the Loan and of all interest thereon and all other sums payable pursuant to the terms of the Note and this Deed of Pledge (collectively the \"Debt\"), the Borrower, in accordance with the provisions of the laws of [State/Province] of [STATE/PROVINCE], does hereby pledge and charge to and in favor of the Lender, hereunto present and accepting, the property described in Schedule \"B\" hereto (the \"Pledged Property\"). Nomination of Nominee: The Lender and Borrower hereby jointly nominate and appoint the Nominee as their representative for the purposes of obtaining and, subject to the provisions of Section 2.7 hereof, continuously retaining physical possession of the Pledged Property at the Nominee's place of business located at [NOMINEES ADDRESS] from the date of these presents until such time as the Pledge created hereunder is terminated by reason of extinction of the Loan secured hereby, and the Nominee hereby undertakes to so act. 2.3 Obligations of Nominee: The Nominee shall, in its possession of the Pledged Property, have all the obligations of a depositary under a simple voluntary deposit pursuant to the laws of [State/Province] of [STATE/PROVINCE], except as may be expressly derogated from hereinafter. 2.4 Loss or Deterioration: The Nominee shall be liable to the Borrower and the Lender for any loss or deterioration of the Pledged Property, unless he can prove that the said loss or deterioration is the result of a fortuitous event (cas fortuit) or an irresistible force (force majeure) and was not caused by any fault of the Nominee. 2.5 Expenses of Preservation: The Borrower shall reimburse the Nominee upon demand on a dollar-for-dollar basis for any necessary expenses incurred by the Nominee in the preservation of the Pledged Property. 2.6 Loss of Possession: The Nominee hereby undertakes to notify the Borrower and Lender forthwith in writing of any loss or any threat of loss of physical possession of the Pledged Property by the Nominee (\"Notice of Loss of Possession\"), such notice to be given in accordance with the provisions of Article 2.6 hereof. 2.7 Return of Possession to Borrower: At no time during the duration of the present Pledge shall the Nominee, return or allow the Pledged Property to be returned, in whole or in part, to the Borrower or to any person designated by the Borrower alone without the prior written consent of the Lender and upon the terms and subject to the conditions set forth in such consent. In the event of a failure to respect the provisions of this Section 2.7, the Nominee shall be personally liable to the Lender for any loss suffered by the latter as a result of any loss or reduction of the security created hereunder. Termination of Pledge: For the purposes of this Article 2.8, the Pledge shall be considered to have terminated and the Nominee shall be authorized to return the Pledged Property to the Borrower or any person designated by the Borrower upon receipt by the Nominee of written notice from the Lender attesting that the Debt has been extinguished, by payment in full or otherwise (\"Notice of Extinction\"). The Lender shall forward such Notice of Extinction to the Nominee and the Borrower in accordance with the provisions of Article 2.8 hereof within [NUMBER] days from the date of such extinction of the Debt. The Nominee shall, within [NUMBER] days from the date of receipt of the Notice of Extinction, release and return physical possession of the Pledged Property to the Borrower or any person designated by the Borrower to receive the physical possession of the Pledged Property in accordance with the means of delivery chosen by the Borrower and at the sole cost and expense of the Borrower. COVENANTS OF THE BORROWER The Borrower hereby warrants, covenants and agrees that: 3.1 Title to Pledged Property: He is the lawful owner of the Pledged Property; that he has good, right and lawful authority to pledge and charge the Pledged Property as provided in this Deed of Pledge; that the Pledged Property is free and clear of all liens, privileges, hypothecs, charges and encumbrances whatsoever, save and except for any undetermined or inchoate lien, privilege or charge which has not been registered or filed pursuant to law and save and except for any charges subordinated to the charge hereof; and that he shall preserve, warrant and defend his title to the Pledged Property and rights and every part thereof, for the benefit of the Lender, its successors and assigns, against the claims and demands of all persons whomsoever. 3.2 Payment of Loan, Interest and Accessories: He shall punctually pay or cause to be paid the principal of the Loan, any interest thereon and accessories thereto on the dates, at the place and in the moneys, amounts and manner provided for with respect thereto in the Note. 3.3 Payment of Taxes: He shall pay or cause to be paid as and when due and payable all taxes, rates, charges, levies or dues, assessments, ordinary or extraordinary, governmental or other charges of a like nature, assessed or payable in respect of any of the Pledged Property or assessed on the Borrower, his rights or franchises; that he shall exhibit or cause to be exhibited to the Lender when required, on demand, the receipts and vouchers establishing such payments; and that in the event of his failure to pay such sums, the Lender may (but shall be under no obligation to) do so, and all sums so paid by the Lender shall be repaid by the Borrower on demand, with interest thereon at the rate and in the manner stipulated in the Note from the date of any such payment; provided, however, that the Borrower shall not be in default hereunder in the payment of any such tax, rate, charge, levy or assessment if he shall be contesting the imposition thereof in good faith by all appropriate legal proceedings and if the Borrower shall have furnished security satisfactory to the Lender sufficient in amount to cover any loss or liability which may result should such contestation be unsuccessful. 3.4 Other Charges: He shall not permit or suffer the creation or registration of any lien, privilege, hypothec, mortgage, pledge or charge upon or in respect of the Pledged Property or any part thereof. Notwithstanding the foregoing provisions of this Section 3.4, the Borrower shall not be in default hereunder if, within [NUMBER] days of the date of registration of any such privilege, he is in good faith contesting the validity thereof by all appropriate legal proceedings and shall have furnished security satisfactory to the Lender sufficient in amount to cover any liability which may result should such contestation be unsuccessful",null,"Deed of Pledge Loan","10",71,"doc","https://templates.business-in-a-box.com/imgs/1000px/deed-of-pledge_loan-D983.png","https://templates.business-in-a-box.com/imgs/250px/983.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#983.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":20,"url":21},"Deeds","/templates/deed/","deed pledge loan","Deed of Pledge Loan Template","https://templates.business-in-a-box.com/imgs/400px/983.png",[26,16,19],{"label":27,"url":28},"Templates","/templates/",[30,31,32],{"label":27,"url":28},{"label":17,"url":18},{"label":33,"url":34},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[36,40,44,48,52,56,60,64,69,73,77,81,85,105,122,136,151,165],{"label":37,"url":38,"thumb":39,"extension":10},"Deed of Pledge Universality of Movable Property","/template/deed-of-pledge-universality-of-movable-property-D984","https://templates.business-in-a-box.com/imgs/250px/984.png",{"label":41,"url":42,"thumb":43,"extension":10},"Loan Policy","/template/loan-policy-D13274","https://templates.business-in-a-box.com/imgs/250px/13274.png",{"label":45,"url":46,"thumb":47,"extension":10},"Debenture  Pledge Agreement","/template/debenture-pledge-agreement-D467","https://templates.business-in-a-box.com/imgs/250px/467.png",{"label":49,"url":50,"thumb":51,"extension":10},"Pledge Agreement Advance","/template/pledge-agreement-advance-D903","https://templates.business-in-a-box.com/imgs/250px/903.png",{"label":53,"url":54,"thumb":55,"extension":10},"Pledge Agreement Debenture","/template/pledge-agreement-debenture-D904","https://templates.business-in-a-box.com/imgs/250px/904.png",{"label":57,"url":58,"thumb":59,"extension":10},"Pledge of Shares of Stock","/template/pledge-of-shares-of-stock-D407","https://templates.business-in-a-box.com/imgs/250px/407.png",{"label":61,"url":62,"thumb":63,"extension":10},"Pledge of Personal Property","/template/pledge-of-personal-property-D406","https://templates.business-in-a-box.com/imgs/250px/406.png",{"label":65,"url":66,"thumb":67,"extension":68},"Loan Calculator","/template/loan-calculator-D421","https://templates.business-in-a-box.com/imgs/250px/421.png","xls",{"label":70,"url":71,"thumb":72,"extension":10},"Loan Agreement","/template/loan-agreement-D417","https://templates.business-in-a-box.com/imgs/250px/417.png",{"label":74,"url":75,"thumb":76,"extension":10},"Assignment for Deed","/template/assignment-for-deed-D974","https://templates.business-in-a-box.com/imgs/250px/974.png",{"label":78,"url":79,"thumb":80,"extension":10},"Deed Of Conveyance","/template/deed-of-conveyance-D12693","https://templates.business-in-a-box.com/imgs/250px/12693.png",{"label":82,"url":83,"thumb":84,"extension":10},"Deed of Discharge","/template/deed-of-discharge-D980","https://templates.business-in-a-box.com/imgs/250px/980.png",{"description":86,"descriptionCustom":6,"label":87,"pages":88,"size":89,"extension":10,"preview":90,"thumb":91,"svgFrame":92,"seoMetadata":93,"parents":95,"keywords":94,"url":104},"PERSONAL GUARANTEE This Personal Guarantee (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Guarantor\"), an individual with his main address located at: [YOUR COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Second Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] I, [NAME OF GUARANTOR], residing at [COMPLETE ADDRESS], hereby personally and solidarity guarantee all of the obligations of [YOUR COMPANY NAME] and agree to be bound solidarity with [YOUR COMPANY NAME] for the prompt performance of [YOUR COMPANY NAME]'s obligations under that certain [SPECIFY] Agreement dated [DATE] (the \"Agreement\") between [YOUR COMPANY NAME] and [COMPANY NAME], including without limitation the payment of all goods, wares and merchandise as [YOUR COMPANY NAME] may from time to time select and purchase on credit from [COMPANY NAME], and hereby expressly renounce to the benefits of division and discussion. Furthermore, I agree that waive may extend the time for payment of any amounts owing to it by waive and/or may waive any default by waive without it in any way lessening or limiting my liability hereunder. Notwithstanding the foregoing, my guarantee hereunder to pay any and all amounts owing by [YOUR COMPANY NAME] to [COMPANY NAME] shall be limited to the sum of [AMOUNT] OR [%] of such outstanding amount.","Personal Guarantee","2",513,"https://templates.business-in-a-box.com/imgs/1000px/personal-guarantee-D405.png","https://templates.business-in-a-box.com/imgs/250px/405.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#405.xml",{"title":94,"description":6},"personal guarantee",[96,99,102],{"label":97,"url":98},"Finance & Accounting","finance-accounting",{"label":100,"url":101},"Business Loans","business-loan",{"label":33,"url":103},"guaranties-collateral","/template/personal-guarantee-D405",{"description":106,"descriptionCustom":6,"label":107,"pages":108,"size":109,"extension":10,"preview":110,"thumb":111,"svgFrame":112,"seoMetadata":113,"parents":114,"keywords":120,"url":121},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[115,116,117],{"label":97,"url":98},{"label":100,"url":101},{"label":118,"url":119},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":123,"descriptionCustom":6,"label":124,"pages":8,"size":125,"extension":10,"preview":126,"thumb":127,"svgFrame":128,"seoMetadata":129,"parents":130,"keywords":134,"url":135},"SECURITY AGREEMENT This Security Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [SECURED PARTY NAME] (the \" Secured Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Debtor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] For value received, the undersigned Debtor, promises to pay to the order of [name], together with any other holder of this note (\"Secured Party\"), [amount], with interest at the rate of [%] per annum. Payment shall be made in successive equal monthly installments of [amount]. Each such Installment is payable on the [day] of each month, commencing on [date]. Recitals WHEREAS, the Secured Party has extended to the Debtor a certain loan as evidenced by a certain promissory note, in the original principal amount equal to [amount] dated on even date herewith (the \"Note\"); and WHEREAS, the Debtor wishes to grant a first priority security interest in and to all of the Debtor's tangible and intangible personal property pursuant to the terms hereof; NOW, THEREFORE, for and in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto covenant and agree as follows: DEFINITIONS The following terms shall have the meanings herein specified unless the context otherwise requires. Such definitions shall be equally applicable to the singular and plural forms of the terms defined: \"Contracts\" shall mean all contracts between the Debtor and one or more additional parties. \"Contract Rights\" shall mean all rights of the Debtor (including, without limitation, all rights to payment) under each Contract. \"Copyrights\" shall mean any [country] copyright to which the Debtor now or hereafter has title, as well as any application for a [country] copyright hereafter made by the Debtor. \"Equipment\" shall mean any \"equipment,\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles now or hereafter owned by the Debtor and any and all additions, substitutions and replacements of, any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. \"General Intangibles\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Goods\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Inventory\" shall mean all raw materials, workinprocess, and finished inventory of the Debtor of every type or description and all documents of title covering such inventory, and shall specifically include all \"inventory\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by the Debtor. \"Marks\" shall mean any trademarks and service marks now held or hereafter acquired by the Debtor, which are registered in the [country] Patent and Trademark Office, as well as any unregistered marks used by the Debtor in the [COUNTRY] and trade dress, including logos and/or designs, in connection with which any of these registered or unregistered marks are used. \"Obligations\" shall mean: (i) all indebtedness, obligations and liabilities (including, without limitation, guarantees and other contingent liabilities) of the Debtor to the Secured Party, including but not limited to the Note; (ii) any and all sums advanced by the Secured Party in order to preserve the Collateral or preserve its security interest in the Collateral; and (iii) in the event of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of the Debtor referred to in clause (i), after an Event of Default shall have occurred and be continuing, the reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing or realizing on the Collateral, or of any exercise by the Collateral Agent of its rights hereunder, together with reasonable attorneys' fees and court costs. \"Patents\" shall mean any [country] patent to which the Debtor now or hereafter has title, as well as any application for a [country] patent now or hereafter made by Debtor. \"Proceeds\" shall have the meaning assigned that term under the [law or code] as in effect in the State of [state/province] on the date hereof or under other relevant law and, in any event, shall include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Secured Party or the Debtor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable to the Debtor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. \"Receivables\" shall mean any \"account\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [STATE/PROVINCE], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all of the Debtor's rights to payment for goods sold or leased or services performed by the Debtor, whether now in existence or arising from time to time hereafter, including, without limitation, rights evidenced by an account, note, contract, security agreement, or other evidence of indebtedness or security, together with (i) all security pledged, assigned, hypothecated or granted to or held by the Debtor to secure the foregoing; (ii) all of the Debtor's right, title and interest in and to any goods, the sale of which gave rise thereto; (iii) all guarantees, endorsements and indemnifications on, or of, any of the foregoing; (iv) all powers of attorney for the execution of any evidence of indebtedness or security or other writing in connection therewith; (v) all books, records, ledger cards and invoices relating thereto; (vi) all evidences of the filing of financing statements and other statements and the registration of other instruments in connection therewith and amendments thereto, notices to other creditors or secured parties, and certificates from filing or other registration officers; (vii) all credit information, reports and memoranda relating thereto and (viii) all other writings related in any way to the foregoing. GRANT OF SECURITY INTEREST The Debtor does hereby grant to the Secured Party a continuing security interest of first priority in all of the right, title and interest of the Debtor in, to and under all of the following property whether now existing or hereafter created or arising: ","Security Agreement",96,"https://templates.business-in-a-box.com/imgs/1000px/security-agreement-D915.png","https://templates.business-in-a-box.com/imgs/250px/915.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#915.xml",{"title":6,"description":6},[131,133],{"label":17,"url":132},"business-legal-agreements",{"label":17,"url":132},"security agreement","/template/security-agreement-D915",{"description":137,"descriptionCustom":6,"label":138,"pages":139,"size":89,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":145,"keywords":144,"url":150},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: Demand to Pay Promissory Note Dear [Contact name], This is to notify you that payment is past due under your Promissory Note (the \"Note\") dated [DATE]. The following payments have not been received: Payment Due Date Amount of Principal Due Amount of Interest Due Late Charge Thus, as of the date of this letter, you are in arrears in the total amount of [Amount OF arrears].","Demand to Pay Promissory Note","1","https://templates.business-in-a-box.com/imgs/1000px/demand-to-pay-promissory-note-D207.png","https://templates.business-in-a-box.com/imgs/250px/207.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#207.xml",{"title":144,"description":6},"demand to pay promissory note",[146,149],{"label":147,"url":148},"Credit & Collection","credit-collection",{"label":147,"url":148},"/template/demand-to-pay-promissory-note-D207",{"description":152,"descriptionCustom":6,"label":153,"pages":154,"size":155,"extension":10,"preview":156,"thumb":157,"svgFrame":158,"seoMetadata":159,"parents":160,"keywords":163,"url":164},"INTER-COMPANY SERVICES AGREEMENT This Inter-Company Services Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Associate Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PREAMBLE WHEREAS [YOUR COMPANY NAME] is a [SPECIFY INDUSTRY] company specialized in [SPECIFY COMPANY SPECIALIZATION]; WHEREAS Associate Company is a company specializing in [SPECIFY]; WHEREAS the parties and Company are desirous of working together in relation to the conduct of [SPECIFY PROJECT]; NOW THEREFORE this Agreement witnessed that in consideration of the premises and other good and valuable consideration, the parties hereto agree as follows: 1. DEFINITIONS In this Agreement, except where the context or subject matter is inconsistent therewith, the following terms shall have the following meanings: 1.1 \"Agreement\" shall mean this document, the annexed schedules, which are incorporated herein, together with any future written and executed amendments agreed to by the parties. 1.2 \"Affiliated Companies\" shall mean any corporation or other business enterprise, which directly or indirectly controls, is controlled by, or is under common control by a party. 1.3 \"Associated Staff\" shall mean any officer, director, employee, agent, or student of a Party, and any other person involved in the execution of this Agreement, excluding patients solely involved as subjects in studies. 1.4 \"Documentation\" shall mean all documents, regardless of form, relating to the Project. 1.5 \"Intellectual Property Rights\" shall mean any and all rights, title and interest in and to any and all ideas, discoveries, inventions, creations, works and know-how including, without limitation, patents, trademarks, service marks, designs, integrated circuit topographies, copyrights, including applications for any of the foregoing, as well as design rights, confidential information, trade secrets and any other similar intellectual property rights protected in [COUNTRY] and in any other country. 1.6 \"Material\" shall mean any and all information and materials, relating to a Party's business, business processes and methods of doing business, given to the other Party from time to time for review, data processing, or for any other reason, and all copies thereof regardless of form or storage medium, including, but not limited to, documentation, notes, formulae, components, drawings, data, flow-charts, plans, specifications, techniques, processes, algorithms, inventions, prototypes, protocols, patent portfolio, pre-clinical and clinical studies, contracts, marketing and other financial and business plans, and includes, without limitation, all confidential and proprietary information which is at any time so designated a Party by the other Party, either in writing or orally. 1.7 \"Project\" shall mean [DESCRIBE THE DETAILS OF THE PROJECT]. 1.8 \"Services\" shall mean the services as described in Subsection 2.1 hereof. 2. SCOPE OF WORK 2.1 The parties agree to act as independent contractors for each other. [YOUR COMPANY NAME] will perform professional services as described in Schedule \"A\" to this Agreement (the \"Company Services\"), a copy of which has been appended hereto and initialed by the parties for identification. Associate Company will perform professional services as described in Schedule \"B\" (the \"Associate Company Services\"), a copy of which has been appended hereto and initialed by the parties for identification. \"Services\" shall mean either or both of the Company Services and the Associate Company Services, as the case may be. 2.2 Each Party agrees to use its best efforts to assign personnel with the proper skill level and type of experience, to ensure that the Services will be completed in a timely and successful manner. 2.3 In the event that a Party does not have personnel with the proper skill level or experience to provide the Services required under the terms of this Agreement, such Party may engage the services of such competent personnel, or may subcontract or assign a portion of the Services to be rendered, with the prior written consent of the other Party to this Agreement. Notwithstanding such approval, the sub-contracting Party shall be primarily responsible and liable for the services rendered by such personnel, subcontractor or assignee and shall be responsible for the payment of the remuneration payable to such personnel, subcontractor or assignee, which shall be included in the total compensation described in Section 3 hereof. 2.4 Each Party will, on a regular basis, keep the other Party appraised of the work in progress under the terms of this Agreement and will meet from time to time with the other Party, to review the Services performed or to be performed under the provisions hereof. 3. FEES AND EXPENSES 3.1 Associate Company will pay [YOUR COMPANY NAME] for Company Services satisfactorily rendered pursuant to the payment schedule described in Schedule \"C\" to this Agreement (the \"Company Budget\"), a copy of which has been appended hereto and initialed by the Parties for identification. Company shall not be permitted to incur any cost or expense that would cause the Company Budget to be exceeded, without the prior written approval of [YOUR COMPANY NAME], in the form of an amendment to this Agreement. 3.2 [YOUR COMPANY NAME] will pay Associate Company for Associate Company Services satisfactorily rendered pursuant to the payment schedule described in Schedule \"D\" to this Agreement (the \"Associate Company Budget\"), a copy of which has been appended hereto and initialed by the parties for identification. Associate Company shall not be permitted to incur any cost or expense that would cause the Associate Company Budget to be exceeded, without the prior written approval of the Company, in the form of an amendment to this Agreement. 4. RELATIONSHIP OF THE PARTIES 4.1 As each Party is undertaking to perform professional services for the other, and is doing so as an independent contractor and not as an employee, agent, partner, or joint venturer of the other Party, the fees will be limited to those stated in Schedules \"C\" and \"D\", attached hereto, as the case may be. Neither Party will participate in any employee benefit plans of the other Party nor receive any other compensation beyond that stated in such Schedules \"C\" and \"D\". Neither Party will have any power or authority to bind the other or to assume or create any obligation or responsibility, express or implied, on the other's behalf or in the other's name, and neither Party will represent to any person or entity that it has such power or authority. 5. STATUS OF THE PARTIES 5.1 Neither Party is responsible for verifying the existence or sufficiency of the qualifications, authorizations, permits or licenses of the other Party and/or the other Party's employees. Each Party represents and warrants that it and any of its employees are authorized to work and are not acting and will not act during the term of this Agreement in violation of any applicable laws and the regulations thereunder or any agreement it has entered into with a third party. Each Party will indemnify the other Party against any and all claims, damages, losses and other liabilities including, but not limited to, fines, penalties, and/or attorneys' fees incurred by a Party because the other Party and/or the other Party's employees or agents are not authorized to perform all or part of the Services. 6. EQUIPMENT, TOOLS, MATERIALS AND/OR SUPPLIES 6","Inter-Company Services Agreement","17",98,"https://templates.business-in-a-box.com/imgs/1000px/inter-company-services-agreement-D886.png","https://templates.business-in-a-box.com/imgs/250px/886.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#886.xml",{"title":6,"description":6},[161,162],{"label":17,"url":132},{"label":17,"url":132},"inter company services agreement","/template/inter-company-services-agreement-D886",{"description":166,"descriptionCustom":6,"label":167,"pages":168,"size":89,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":174,"keywords":173,"url":181},"SECURED LUMP-SUM PROMISSORY NOTE AGREEMENT This Secured Lump-Sum Promissory Note Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME], (the \"Issuer\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (the \"Holder\") company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] FOR VALUE RECEIVED, the undersigned Issuer hereby promises to pay to the order of the Holder, the maximum Principal Amount of [PRINCIPAL AMOUNT] together with interest on the unpaid Principal Amount (as defined in this Agreement) outstanding from time to time at the rate (or rates) hereafter specified, and all other sums which may be owing to the Holder by the Issuer hereunder. The terms of the Note are as follows: MATURITY DATE AND PAYMENT TERMS This Note will mature, and be due and payable in full, on [DATE] (the \"Maturity Date\") and shall be paid in the lump sum amount of [LUMP SUM AMOUNT TO BE PAID]. INTEREST From and after the date hereof, all outstanding principal of this Note will bear simple interest at the rate of [PERCENT OF INTEREST] per annum. On the date that is [NUMBER OF DAYS] days after the date of this Note, the Issuer shall pay the then accrued interest on this Note. Upon the occurrence and during the continuance of any Event of Default (as hereinafter defined) under this Note, all outstanding principal of this Note shall bear interest at the rate of [PERCENT OF INTEREST] per annum. All outstanding principal and accrued but unpaid interest on this Note shall be payable on the Maturity Date. SECURITY This Note is Secured by a Security Agreement on the Issuer's Property, described as [PROPERTY DESCRIPTION], hereinafter known as the \"Security,\" which shall transfer to the possession and ownership of the Holder immediately in case of Acceleration. The Security may not be sold or transferred without the Holder's consent until the Maturity Date. If the Issuer breaches this provision, the Holder may declare all sums due under this Note immediately due and payable, unless prohibited by applicable law. The Holder shall have the sole option to accept the Security as full payment for the Principal Amount without further liabilities or obligations. If the market value of the Security does not exceed the Principal Amount, the Issuer shall remain liable for the balance due while accruing interest at the maximum rate allowed by law. PREPAYMENT The Issuer may prepay this Note prior to the Maturity Date, without premium or penalty, upon written notice to the Holder. EVENTS OF DEFAULT The occurrence of any one or more of the following events shall constitute an \"Event of Default\" under this Note: the failure of the Issuer to pay any sum due under this Note when due, whether by demand or otherwise, and such sum remains unpaid for five (5) days after the Due Date; and any other Event of Default described in the Security Agreement that might be signed between the Parties regarding the Property that is pledged as collateral to the loan. RIGHTS AND REMEDIES UPON DEFAULT ","Secured Lumpsum Promissory Note Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/secured-lumpsum-promissory-note-agreement-D13041.png","https://templates.business-in-a-box.com/imgs/250px/13041.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13041.xml",{"title":173,"description":6},"secured lumpsum promissory note agreement",[175,178],{"label":176,"url":177},"Business Plan Kit","business-plan-kit",{"label":179,"url":180},"Business Procedures","business-procedures","/template/secured-lumpsum-promissory-note-agreement-D13041",false,{"seo":184,"reviewer":197,"legal_disclaimer":201,"quick_facts":202,"at_a_glance":204,"personas":208,"variants":233,"glossary":261,"clauses":295,"how_to_fill":341,"common_mistakes":382,"faqs":399,"industries":427,"comparisons":452,"diy_vs_lawyer":466,"jurisdictions":479,"related_template_ids_curated":500,"schema":508,"classification":509},{"meta_title":185,"meta_description":186,"primary_keyword":187,"secondary_keywords":188},"Deed of Pledge Loan Template | BIB","Free Deed of Pledge Loan template securing a loan with pledged collateral. Covers pledge terms, default, enforcement, and release.","deed of pledge loan template",[189,190,191,192,193,194,195,196],"deed of pledge template","pledge agreement template","loan pledge agreement","collateral pledge agreement template","deed of pledge loan word template","secured loan pledge template","pledge deed template free","business loan pledge agreement",{"name":198,"credential":199,"reviewed_date":200},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":203,"legal_review_recommended":201,"signature_required":201,"notarization_required":182},"advanced",{"what_it_is":205,"when_you_need_it":206,"whats_inside":207},"A Deed of Pledge Loan is a legally binding security document in which a borrower (the pledgor) transfers possession or control of a specific asset — such as shares, receivables, or movable property — to a lender (the pledgee) as collateral for a loan. This free Word download provides a structured, professionally drafted starting point you can edit online and export as PDF for execution by both parties.\n","Use it when a lender requires a tangible or financial asset as security before extending a loan, or when a borrower needs to formally document the pledge of shares, inventory, or other movable property to obtain financing. It is also used in intercompany lending arrangements where a parent or affiliate pledges assets on behalf of a subsidiary.\n","Parties and recitals, description of the pledged asset, secured obligations, conditions of the pledge, representations and warranties, default triggers and enforcement rights, release and discharge provisions, and governing law.\n",[209,213,217,221,225,229],{"title":210,"use_case":211,"icon_asset_id":212},"Business owners seeking financing","Pledging company shares or equipment as security for a bank loan","persona-small-business-owner",{"title":214,"use_case":215,"icon_asset_id":216},"Private lenders and family offices","Documenting collateral arrangements for short-term secured loans","persona-investor",{"title":218,"use_case":219,"icon_asset_id":220},"Corporate finance managers","Formalizing intercompany or third-party pledge arrangements","persona-cfo",{"title":222,"use_case":223,"icon_asset_id":224},"Startup founders","Pledging shares to a bridge-loan investor before a funding round closes","persona-startup-founder",{"title":226,"use_case":227,"icon_asset_id":228},"Commercial bankers and credit officers","Securing SME loan facilities with pledged movable property or receivables","persona-financial-advisor",{"title":230,"use_case":231,"icon_asset_id":232},"Legal and compliance teams","Standardizing pledge documentation across a portfolio of secured transactions","persona-legal-counsel",[234,238,242,246,250,253,257],{"situation":235,"recommended_template":236,"slug":237},"Pledging company shares as security for a loan","Share Pledge Agreement","share-donation-agreement-D341",{"situation":239,"recommended_template":240,"slug":241},"Securing a loan with physical inventory or equipment","Chattel Mortgage / Security Agreement","security-agreement-D915",{"situation":243,"recommended_template":244,"slug":245},"Pledging receivables or future cash flows as collateral","Assignment of Receivables Agreement","assignment-agreement-D12542",{"situation":247,"recommended_template":248,"slug":249},"Securing a real-property-backed loan","Mortgage Deed","mortgage-deed-D988",{"situation":251,"recommended_template":252,"slug":241},"Intercompany loan requiring a parent-level pledge","Intercompany Loan Agreement with Security",{"situation":254,"recommended_template":255,"slug":256},"Short-term personal loan secured by a valuable asset","Personal Loan Agreement with Collateral","collateral-decision_request-for-loan-documents-D414",{"situation":258,"recommended_template":259,"slug":260},"Loan secured by a guarantee rather than a pledged asset","Personal Guarantee Agreement","personal-guarantee-D405",[262,265,268,271,274,277,280,283,286,289,292],{"term":263,"definition":264},"Pledgor","The party that owns the asset being pledged as security and transfers possession or control to the lender.",{"term":266,"definition":267},"Pledgee","The lender or secured party that receives the pledged asset as collateral and holds security rights over it.",{"term":269,"definition":270},"Collateral","The specific asset — shares, inventory, receivables, or other movable property — pledged to secure repayment of the loan.",{"term":272,"definition":273},"Secured Obligations","The full set of amounts and duties owed by the borrower that the pledge is intended to secure, including principal, interest, fees, and costs.",{"term":275,"definition":276},"Default","A trigger event — such as missed payment, insolvency, or breach of covenant — that entitles the pledgee to enforce its security rights.",{"term":278,"definition":279},"Enforcement","The pledgee's exercise of rights upon default — typically sale of the pledged asset, appropriation, or appointment of a receiver — to recover the outstanding debt.",{"term":281,"definition":282},"Release and Discharge","The formal cancellation of the pledge once the secured obligations have been repaid in full, returning the asset to the pledgor free of encumbrance.",{"term":284,"definition":285},"Priority","The rank of a pledgee's security interest relative to other creditors — first-ranking pledgees are paid before second-ranking or unsecured creditors.",{"term":287,"definition":288},"Floating Charge","A security interest over a changing pool of assets (e.g., inventory) that crystallises into a fixed charge on a trigger event such as default.",{"term":290,"definition":291},"UCC Financing Statement","In the US, a public filing under the Uniform Commercial Code that perfects a security interest in personal property and establishes priority against other creditors.",{"term":293,"definition":294},"Perfection","The legal steps — registration, filing, or delivery of possession — required to make a security interest enforceable against third parties and competing creditors.",[296,301,306,311,316,321,326,331,336],{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Parties and recitals","Identifies the pledgor (borrower) and pledgee (lender) as legal entities, and sets out the background to the pledge — the loan being made and the need for security.","This Deed of Pledge is entered into on [DATE] between [PLEDGOR LEGAL NAME], a [ENTITY TYPE] incorporated in [JURISDICTION] ('Pledgor'), and [PLEDGEE LEGAL NAME], a [ENTITY TYPE] incorporated in [JURISDICTION] ('Pledgee'). The Pledgee has agreed to make a loan of [CURRENCY AMOUNT] to the Pledgor pursuant to the Loan Agreement dated [DATE] ('Loan Agreement').","Using a trade name instead of the registered legal entity name for either party. If the pledgor entity on the deed does not match the borrower entity on the loan agreement, the security may not attach to the correct obligor.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Description of pledged asset","Precisely identifies the asset being pledged — shares by class and number, equipment by serial number, or receivables by contract reference — so there is no ambiguity about what is secured.","As security for the Secured Obligations, the Pledgor hereby pledges to the Pledgee [NUMBER] [CLASS] shares in [COMPANY NAME] (registered number [COMPANY REG NO]), representing [X]% of the issued share capital, as described in Schedule 1 ('Pledged Shares').","Describing the pledged asset in general terms (e.g., 'certain shares') rather than with specific identifiers. Vague descriptions make enforcement difficult and may invalidate priority against other creditors.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Secured obligations","Defines the full scope of the debt and obligations covered by the pledge — principal, accrued interest, fees, costs, and any future advances under the same facility.","The pledge secures all present and future amounts owing by the Pledgor to the Pledgee under the Loan Agreement, including principal of [AMOUNT], interest at [RATE]% per annum, default interest, fees, costs, and any other sums payable ('Secured Obligations').","Limiting the secured obligations to principal only. If interest, fees, and enforcement costs are not expressly included, the pledgee may be unable to recover them from the pledged asset.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Conditions of pledge and possession","States whether the pledgee takes physical or constructive possession of the asset, or whether a registration or notation is sufficient, and the pledgor's obligations to maintain and preserve the asset.","The Pledgor shall deliver to the Pledgee [original share certificates / signed undated transfer forms / access credentials] upon execution. The Pledgor shall maintain the Pledged Asset in good condition, keep it insured, and not create any further encumbrance without the Pledgee's prior written consent.","Omitting delivery or registration mechanics. A pledge that is not perfected through delivery, notation, or filing may be ineffective against third-party creditors or in insolvency proceedings.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Representations and warranties","The pledgor's factual statements confirming ownership, absence of prior encumbrances, authority to pledge, and no pending litigation affecting the asset.","The Pledgor represents and warrants that: (a) it is the sole legal and beneficial owner of the Pledged Asset, free from any prior pledge, lien, or encumbrance; (b) it has full power and authority to enter into this Deed; (c) no litigation, arbitration, or regulatory proceeding is pending that could materially affect the Pledged Asset.","Omitting a warranty that no prior encumbrances exist. If the asset is already pledged to a senior creditor, the pledgee holds a junior and potentially worthless security interest without knowing it.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Default and enforcement rights","Lists the events that trigger the pledgee's enforcement rights and describes the remedies available — sale, appropriation, or appointment of a receiver — and the notice required before exercising them.","Upon the occurrence of an Event of Default (as defined in the Loan Agreement), including non-payment within [X] business days of the due date, insolvency, or material breach of covenant, the Pledgee may, without further notice, enforce the pledge by selling the Pledged Asset at market price, appropriating it at fair value, or taking any other action permitted by applicable law.","Requiring court approval before any enforcement step. In many jurisdictions, parties can contractually agree to out-of-court enforcement — including requiring it delays recovery by months and increases costs significantly.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Voting rights and income pending enforcement","Specifies who may exercise voting rights and receive dividends, interest, or other income from the pledged asset while the pledge is in place and after an event of default.","Prior to an Event of Default, the Pledgor retains the right to exercise all voting rights and receive dividends attributable to the Pledged Shares. Following an Event of Default, all voting rights and income shall vest in the Pledgee and be applied toward the Secured Obligations.","Leaving voting rights unaddressed for pledged shares. Without a clear clause, a dispute can arise over who controls key shareholder votes while enforcement is pending.",{"name":332,"plain_english":333,"sample_language":334,"common_mistake":335},"Release and discharge","Sets out the conditions under which the pledge is cancelled and the asset returned to the pledgor — typically full repayment of all secured obligations.","Upon irrevocable payment and discharge of all Secured Obligations in full, the Pledgee shall, at the Pledgor's cost, execute a release of this Deed, return the Pledged Asset to the Pledgor, and take all steps necessary to remove any notation or registration made in connection with this pledge.","Not specifying who bears the cost of the release. If costs are not allocated to the pledgor in the deed, the pledgee may be left paying for de-registration or share transfer fees it did not anticipate.",{"name":337,"plain_english":338,"sample_language":339,"common_mistake":340},"Governing law and jurisdiction","Specifies which country or state's law governs the deed and which courts have authority to resolve disputes.","This Deed shall be governed by and construed in accordance with the laws of [GOVERNING JURISDICTION]. Each party irrevocably submits to the exclusive jurisdiction of the courts of [JURISDICTION] for the resolution of any dispute arising under or in connection with this Deed.","Choosing a governing law that does not align with where the pledged asset is located. Security interests in movable property are typically governed by the law of the jurisdiction where the asset is situated — a mismatch can make the pledge unenforceable.",[342,347,352,357,362,367,372,377],{"step":343,"title":344,"description":345,"tip":346},1,"Identify the parties with full legal entity details","Enter the pledgor's and pledgee's registered legal names, entity types, and jurisdictions of incorporation. Cross-reference the company registry to confirm names exactly match the loan agreement.","If the pledgor is an individual rather than a company, include their full legal name, address, and government ID number to avoid identity ambiguity.",{"step":348,"title":349,"description":350,"tip":351},2,"Describe the pledged asset with specific identifiers","List the pledged asset in Schedule 1 with every identifier available — share class and number, company registration number and percentage of issued capital for shares; serial numbers and asset tags for equipment; contract reference numbers for receivables.","For pledged shares, attach a certified copy of the current share register extract to Schedule 1 as supporting evidence of ownership.",{"step":353,"title":354,"description":355,"tip":356},3,"Define the full scope of secured obligations","Enter the loan principal, the interest rate, the loan agreement date, and explicitly include interest, fees, default interest, costs, and any future advances as part of the secured obligations.","Reference the loan agreement by date and parties rather than restating terms — this avoids inconsistencies between the two documents.",{"step":358,"title":359,"description":360,"tip":361},4,"Confirm perfection mechanics for the pledged asset type","Determine whether perfection requires physical delivery, a UCC-1 filing, a company register notation, or a share registry update. Specify the exact steps in the conditions-of-pledge clause and complete them on or immediately after execution.","File or register the security interest the same day as execution — gap periods between signing and registration can allow competing creditors to obtain priority.",{"step":363,"title":364,"description":365,"tip":366},5,"Set out default triggers aligned with the loan agreement","List the events of default by cross-referencing the loan agreement's default clause so that any breach under the loan automatically triggers enforcement rights under the pledge.","Include a cross-default provision so that default under any other material obligation of the pledgor also triggers the pledge — this protects against selective non-payment.",{"step":368,"title":369,"description":370,"tip":371},6,"Address voting rights and income from the pledged asset","State clearly that voting rights and dividends remain with the pledgor pre-default, then shift to the pledgee post-default. For non-share assets, specify who receives income, rents, or proceeds in each phase.","For pledged shares in a closely held company, consider requiring the pledgor to obtain the pledgee's consent before approving major resolutions — even before default.",{"step":373,"title":374,"description":375,"tip":376},7,"Execute before disbursement and complete any required filings","Both parties must sign the deed before the loan is disbursed. Immediately after signing, complete any required filings — UCC-1 in the US, Companies House filing in the UK, or PPSR registration in Canada or Australia.","Never release loan proceeds before the pledge is signed and, where applicable, registered. An unperfected pledge has no priority against other creditors.",{"step":378,"title":379,"description":380,"tip":381},8,"Store the executed deed and schedule a release reminder","Retain the original signed deed and all supporting schedules. Set a calendar reminder linked to the loan maturity date to initiate the formal release and discharge process once repayment is confirmed.","Failure to formally release the pledge after repayment can cloud the pledgor's title to the asset and block future financing or sale transactions.",[383,387,391,395],{"mistake":384,"why_it_matters":385,"fix":386},"Failing to perfect the security interest","An unperfected pledge — one where no filing, registration, or delivery has been completed — is ineffective against third-party creditors and may be void in the pledgor's insolvency. Priority goes to the first creditor to perfect, not the first to sign.","Identify the perfection method required by the governing jurisdiction (e.g., UCC-1 filing, PPSR registration, share certificate delivery) and complete it on execution day.",{"mistake":388,"why_it_matters":389,"fix":390},"Vague or generic description of the pledged asset","A description like 'all shares in the company' without a share class, number, or registry reference creates ambiguity during enforcement and may not attach to the correct asset.","Use Schedule 1 to list every identifier: share class, number, certificate number, company registration number, and percentage of total issued capital.",{"mistake":392,"why_it_matters":393,"fix":394},"Mismatched governing law and asset location","Choosing a governing law based on the parties' preference rather than where the asset is located can render the pledge unenforceable — most jurisdictions apply the lex situs (law of the place where the asset is situated) to security interests in movable property.","Confirm the location of the pledged asset and select the governing law of that jurisdiction, or obtain a local law opinion confirming the foreign-law pledge is recognised.",{"mistake":396,"why_it_matters":397,"fix":398},"Disbursing the loan before the pledge is signed and registered","If the loan funds are released before the deed is executed or the security interest is filed, the lender becomes an unsecured creditor with no priority over the pledged asset.","Make execution of the deed — and, where required, filing of the security interest — a condition precedent to disbursement of the loan funds.",[400,403,406,409,412,415,418,421,424],{"question":401,"answer":402},"What is a Deed of Pledge Loan?","A Deed of Pledge Loan is a legal document in which a borrower pledges a specific asset — such as shares, equipment, or receivables — to a lender as security for a loan. It creates an enforceable security interest over the pledged asset, giving the lender the right to sell or appropriate that asset if the borrower defaults on the loan. The deed typically supplements a separate loan agreement and is executed at the same time as or before the loan is disbursed.\n",{"question":404,"answer":405},"What assets can be pledged under a Deed of Pledge?","Common pledged assets include shares or equity interests in a company, bank accounts, inventory, equipment, receivables, insurance policies, and intellectual property. The pledgeability of a specific asset depends on the laws of the governing jurisdiction — some assets (such as real property) are typically secured through a mortgage deed rather than a pledge. Movable and financial assets are most commonly covered by a deed of pledge.\n",{"question":407,"answer":408},"What is the difference between a pledge and a mortgage?","A pledge typically involves movable or financial assets — shares, equipment, receivables — and may require delivery of possession or registration to be effective. A mortgage is a security interest over real property (land and buildings) and is perfected through title registration. In practice, both create the lender's right to enforce against the secured asset upon default, but the documentation, perfection steps, and enforcement procedures differ significantly by asset type and jurisdiction.\n",{"question":410,"answer":411},"Does a Deed of Pledge need to be notarized?","In most common-law jurisdictions — the US, UK, Canada, and Australia — notarization is not required for a deed of pledge to be valid, although some states or asset types may require notarized signatures for filing purposes. In many civil-law jurisdictions in continental Europe and Latin America, pledges over certain asset classes (particularly real property or high-value movables) must be executed before a notary to be enforceable. Check the specific requirements of the governing jurisdiction before execution.\n",{"question":413,"answer":414},"What happens if the borrower defaults under a Deed of Pledge?","Upon a defined event of default — typically a missed payment, insolvency event, or material breach of the loan agreement — the pledgee may enforce its security rights. Common enforcement remedies include selling the pledged asset and applying the proceeds to the outstanding debt, appropriating the asset at its fair market value, or appointing a receiver. The specific remedies available and any notice requirements depend on the governing law and the terms of the deed itself.\n",{"question":416,"answer":417},"What does it mean to 'perfect' a pledge?","Perfection refers to the legal steps that make a pledge enforceable against third parties — not just between the borrower and lender. The required steps depend on the asset type and jurisdiction: a UCC-1 financing statement filing for most personal property in the US, a PPSR registration in Canada or Australia, delivery of share certificates for pledged shares in some civil-law countries, or a Companies House filing in the UK. An unperfected pledge may be void against other creditors or in the borrower's insolvency.\n",{"question":419,"answer":420},"Can the borrower still use the pledged asset while the pledge is in place?","It depends on the asset type and the deed's terms. For pledged shares, the deed typically allows the pledgor to retain voting rights and receive dividends until an event of default occurs. For pledged equipment or inventory, the borrower may continue using the asset in the ordinary course of business unless the deed restricts this. The key restriction is that the pledgor cannot sell, further encumber, or dispose of the pledged asset without the pledgee's written consent while the pledge is in place.\n",{"question":422,"answer":423},"Does the pledge need to be registered or filed?","In most jurisdictions, some form of public notice — registration, filing, or notation — is required to perfect the pledge and establish priority against other creditors. In the US, a UCC-1 financing statement is filed with the Secretary of State. In the UK, security created by a company must be registered at Companies House within 21 days of creation. In Canada, registration under the applicable PPSA is required. Failure to register within the required period can result in the pledge being void against a liquidator or competing secured creditor.\n",{"question":425,"answer":426},"When is a Deed of Pledge released?","The pledge is released when the borrower has repaid all secured obligations in full — principal, interest, fees, and any other amounts specified in the deed. Upon repayment, the pledgee must execute a formal release document, return any delivered certificates or instruments, and file or register the release with the relevant registry. The pledgor should always obtain a written release confirmation to ensure there is no cloud on the title to the returned asset.\n",[428,432,436,440,444,448],{"industry":429,"icon_asset_id":430,"specifics":431},"Financial Services and Private Lending","industry-fintech","Short-term bridge loans and mezzanine facilities frequently use share pledges over holding company interests; perfection requirements and enforcement timelines are critical to deal structuring.",{"industry":433,"icon_asset_id":434,"specifics":435},"Manufacturing and Industrial","industry-manufacturing","Equipment and inventory pledges secure working-capital facilities; floating charges over inventory pools are common, requiring careful monitoring of asset values against loan covenants.",{"industry":437,"icon_asset_id":438,"specifics":439},"Technology and SaaS","industry-saas","Pledges over shares in operating subsidiaries or IP-holding entities are used to secure venture debt and revenue-based financing facilities without diluting equity ownership.",{"industry":441,"icon_asset_id":442,"specifics":443},"Real Estate and Property Development","industry-real-estate","Share pledges over special-purpose vehicles holding development sites are used as an alternative to mortgage registration, providing faster enforcement rights and avoiding stamp duty in certain jurisdictions.",{"industry":445,"icon_asset_id":446,"specifics":447},"Retail and Wholesale Trade","industry-retail","Receivables pledges and inventory pledges underpin trade finance and supply-chain lending; perfection through PPSA or UCC filing is standard practice for revolving credit facilities.",{"industry":449,"icon_asset_id":450,"specifics":451},"Professional Services","industry-professional-services","Partnerships and professional practices pledge client receivables or work-in-progress as security for operating lines of credit; confidentiality of client information must be considered when identifying pledged receivables.",[453,456,459,462],{"vs":70,"vs_template_id":454,"summary":455},"loan-agreement-D981","A loan agreement sets out the terms of the debt itself — principal, interest rate, repayment schedule, and covenants. A Deed of Pledge is the separate security document that attaches a specific asset to that debt. The loan agreement creates the obligation to repay; the deed of pledge gives the lender a remedy against a specific asset if repayment does not occur. Both documents are typically executed together.",{"vs":87,"vs_template_id":457,"summary":458},"personal-guarantee-D987","A personal guarantee makes an individual personally liable for the borrower's debt — creating a claim against the guarantor's general assets. A Deed of Pledge creates a specific security interest over a defined asset. Guarantees are unsecured and rank alongside other unsecured creditors in insolvency; a pledge gives the pledgee priority over the pledged asset. Lenders often take both for maximum protection.",{"vs":248,"vs_template_id":460,"summary":461},"D{MORTGAGE_DEED_ID}","A mortgage deed secures a loan against real property — land and buildings — through title registration. A Deed of Pledge secures a loan against movable or financial assets such as shares, equipment, or receivables. The legal framework, registration process, and enforcement procedures differ significantly. Real property financing requires a mortgage; movable asset financing requires a pledge or chattel security agreement.",{"vs":463,"vs_template_id":464,"summary":465},"General Security Agreement","D{GENERAL_SECURITY_AGREEMENT_ID}","A General Security Agreement (or debenture in UK/Canadian practice) creates a floating charge over all of the borrower's present and future assets. A Deed of Pledge targets a single, specifically identified asset. The GSA provides broader coverage but requires more complex registration; the deed of pledge provides certainty over a defined high-value asset and is typically easier to enforce on default.",{"use_template":467,"template_plus_review":471,"custom_drafted":475},{"best_for":468,"cost":469,"time":470},"Standard secured loans between known parties where the pledged asset is clearly identified and the loan amount is below $250,000","Free","30–60 minutes",{"best_for":472,"cost":473,"time":474},"Loans above $250,000, pledges over shares in operating companies, or transactions involving parties in different jurisdictions","$500–$1,500","2–5 business days",{"best_for":476,"cost":477,"time":478},"Complex multi-asset pledges, regulated financial institutions, cross-border security arrangements, or high-value transactions requiring local-law opinions","$2,000–$8,000+","1–3 weeks",[480,485,490,495],{"code":481,"name":482,"flag_asset_id":483,"note":484},"us","United States","flag-us","Security interests in personal property (including shares, equipment, and receivables) are governed by Article 9 of the Uniform Commercial Code. Perfection requires filing a UCC-1 financing statement with the Secretary of State in the debtor's jurisdiction of organization. Priority is generally determined by the order of filing. Some states impose additional requirements for certain asset classes — consult state-specific UCC rules and, for pledges of securities, Article 8 of the UCC.",{"code":486,"name":487,"flag_asset_id":488,"note":489},"ca","Canada","flag-ca","Security interests in personal property are governed by each province's Personal Property Security Act (PPSA). Registration under the applicable provincial PPSA is required for perfection, with priority generally based on registration date. Quebec operates under a distinct civil-law regime where security interests are created as hypothecs and registered in the Register of Personal and Movable Real Rights (RPMRR). Intercompany pledges must also consider corporate law restrictions under the CBCA or applicable provincial statute.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"uk","United Kingdom","flag-uk","Security created by a UK company over its assets must be registered at Companies House within 21 days of creation under the Companies Act 2006; failure to register renders the security void against a liquidator or creditor. Pledges over shares in private companies typically involve delivery of original share certificates and signed stock transfer forms. Financial collateral arrangements (e.g., pledges over securities accounts) may qualify for the lighter-touch regime under the Financial Collateral Arrangements Regulations 2003.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"eu","European Union","flag-eu","EU member states follow national civil-law rules for pledge creation and perfection, which vary significantly. France uses a nantissement de parts sociales for share pledges, requiring registration in the commercial registry. Germany uses a Verpfändung requiring notarial involvement for certain asset classes. The EU Financial Collateral Directive harmonizes rules for pledges over financial instruments and cash, allowing close-out netting and rapid enforcement without court proceedings in qualifying transactions.",[501,501,260,502,241,503,504,505,506,245,507,505],"loan-agreement-D417","promissory-note-D434","demand-to-pay-promissory-note-D207","inter-company-services-agreement-D886","secured-lumpsum-promissory-note-agreement-D13041","general-release-and-settlement-agreement-D12554","non-disclosure-agreement-nda-D12692",{"emit_how_to":201,"emit_defined_term":201},{"primary_folder":132,"secondary_folder":510,"document_type":511,"industry":512,"business_stage":513,"tags":514,"confidence":519},"guaranties-and-collateral","agreement","general","all-stages",[515,516,517,518],"legal","deed-of-pledge","collateral","loan-security",0.95,"\u003Ch2>What is a Deed of Pledge Loan?\u003C/h2>\n\u003Cp>A \u003Cstrong>Deed of Pledge Loan\u003C/strong> is a legally binding security document in which a borrower (the pledgor) formally pledges a specific asset — such as company shares, equipment, inventory, or receivables — to a lender (the pledgee) as collateral for a loan. Unlike a personal guarantee, which creates a general personal liability, a deed of pledge attaches the lender's security interest to a precisely identified asset, giving the pledgee priority rights over that asset if the borrower fails to repay. The deed typically operates alongside a separate loan agreement: the loan agreement creates the obligation to repay; the deed of pledge provides the lender's remedy if that obligation is not met. To be enforceable against third parties, the pledge must be perfected through the appropriate legal mechanism — filing, registration, or delivery — as required by the governing jurisdiction.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly executed and perfected Deed of Pledge, a lender extending secured financing holds little more than a contractual right to sue for repayment — a remedy that is slow, expensive, and worthless in insolvency when unsecured creditors share whatever assets remain. A perfected pledge, by contrast, gives the pledgee priority over the specific pledged asset ahead of general creditors, the right to sell or appropriate that asset on default without a court order in many jurisdictions, and an enforceable claim that survives the pledgor's bankruptcy. For borrowers, a properly documented pledge is equally important: it defines the precise scope of the security given, limits the lender's remedies to the pledged asset, and ensures the asset is formally released once the loan is repaid. This template provides the structured legal framework both parties need to document, perfect, and ultimately discharge a pledge arrangement with clarity and confidence.\u003C/p>\n",1778696382532]