Comments on: What is a security interest in connection with a convertible note? http://www.startupcompanylawyer.com/2007/05/09/what-is-a-security-interest-in-connection-with-a-convertible-note/ Venture capital, seed financings, convertible note bridge debt, M&A, option vesting and other matters explained for founders and entrepreneurs Tue, 10 Aug 2010 22:20:47 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Yokum http://www.startupcompanylawyer.com/2007/05/09/what-is-a-security-interest-in-connection-with-a-convertible-note/comment-page-1/#comment-415 Yokum Thu, 20 Dec 2007 22:48:34 +0000 http://www.startupcompanylawyer.com/2007/05/09/what-is-a-security-interest-in-connection-with-a-convertible-note/#comment-415 The collateral agent is typically the lead investor. In the event of default, they can exercise creditor's rights on behalf of all of the investors. They are typically not separately compensated in startup company bridge financings. The collateral agent is typically the lead investor. In the event of default, they can exercise creditor’s rights on behalf of all of the investors. They are typically not separately compensated in startup company bridge financings.

]]> By: Nicholas Ross http://www.startupcompanylawyer.com/2007/05/09/what-is-a-security-interest-in-connection-with-a-convertible-note/comment-page-1/#comment-414 Nicholas Ross Thu, 20 Dec 2007 17:01:46 +0000 http://www.startupcompanylawyer.com/2007/05/09/what-is-a-security-interest-in-connection-with-a-convertible-note/#comment-414 My question is in regards to collateral agents. I would like to know what exactly they do as well as how do they, and what they get paid for their services. Thanks you, Nicholas My question is in regards to collateral agents. I would like to know what exactly they do as well as how do they, and what they get paid for their services.
Thanks you,

Nicholas

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