Grants a pledgee a security interest in specific collateral (securities, equity interests, or personal property) as security for an obligation. Structured under UCC Article 9.
The Pledge Agreement is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (pledgor and pledgee) and, by default, expires 30 days after it is sent if left unsigned. It covers pledge, collateral, security interest, ucc, article 9, commercial finance. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Pledge Agreement This Pledge Agreement (this "Agreement") is entered into as of ___________ by and between: **Pledgor:** ___________, a ___________ organized under the laws of ___________ ("Pledgor"); and **Pledgee:** ___________, a ___________ ("Pledgee"). --- ## Recitals WHEREAS, Pledgor is indebted to or has obligations to Pledgee pursuant to that certain ___________ dated ___________ in the original principal amount of ___________ (the "Underlying Obligation"); and WHEREAS, as a condition to and in consideration of Pledgee's agreement to extend credit or other financial accommodations under the Underlying Obligation, Pledgor has agreed to grant a pledge and security interest in the Pledged Collateral (as defined below); NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows. --- ## 1. Definitions **"Event of Default"** means any event of default as defined in the Underlying Obligation, including any payment default, covenant breach, insolvency event, material adverse change, or cross-default, after giving effect to any applicable notice and cure period. **"Obligations"** means all present and future indebtedness, liabilities, and obligations of Pledgor to Pledgee arising under or in connection with the Underlying Obligation, including principal, interest, fees, costs, and expenses. **"Pledged Collateral"** has the meaning set forth in Section 2. **"Pledged Equity Interests"** means the equity interests described in Section 2.1, if any. --- ## 2. Pledge and Grant of Security Interest ### 2.1 Pledged Collateral As security for the full and timely payment and performance of the Obligations, Pledgor hereby pledges, assigns, transfers, hypothecates, and grants to Pledgee a first-priority security interest in and to all of Pledgor's right, title, and interest in and to the following (collectively, the "Pledged Collateral"): **Type of Pledged Collateral:** ___________