Example Document for Pledge Agreement
Pledge Agreement - Example Document
This is an example of a Pledge Agreement between a father and son.
The son (the "Debtor")has borrowed money from his father
(the "Creditor" or "Secured Party") to purchase shares of stock
in a Corporation. The loan was made pursuant to a separate
promissory note, which the parties to this Pledge Agreement will
attach as an exhibit to the Pledge Agreement. To insure that
the son will honor the payment of the note, the son has pledged
the shares of stock as security. This Pledge Agreement sets forth
that father holds the shares as collateral for the loan, that the
son cannot further use the stock as collateral for any other
loans, that the son will remain solvent pending the repayment of the
loan, and that upon the full repayment of the loan, the father has
a duty to return (known as a "reconveyance") the stock to his son.
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