Sure! Below is a sample floating lien agreement document in Markdown format:
```markdown
# Floating Lien Agreement
**This Floating Lien Agreement ("Agreement") is made and entered into as of [DATE], by and between:**
**[Lender's Name]**
[Address]
[City, State, Zip Code]
("Lender")
AND
**[Borrower's Name]**
[Address]
[City, State, Zip Code]
("Borrower")
**1. Definitions**
For purposes of this Agreement, the following terms are defined as follows:
- **Collateral**: All present and future assets, goods, inventory, equipment, and receivables of the Borrower.
- **Loan Amount**: The principal sum of [AMOUNT] ($[AMOUNT]) loaned to Borrower by Lender under this Agreement.
**2. Grant of Lien**
The Borrower hereby grants to the Lender a floating lien on and security interest in the Collateral as security for the repayment of the Loan Amount, including all interest, fees, and other amounts incurred under this Agreement.
**3. Representations and Warranties**
The Borrower represents and warrants to the Lender that:
- The Borrower is duly organized, validly existing, and in good standing under the laws of [STATE].
- The Borrower has full power and authority to enter into and perform its obligations under this Agreement.
- The Collateral is free and clear of any other liens, claims, or encumbrances, except as disclosed to the Lender.
**4. Use of Proceeds**
The Borrower agrees to use the Loan Amount solely for [SPECIFIC PURPOSE].
**5. Events of Default**
An Event of Default occurs if:
- The Borrower fails to make any payment when due under this Agreement.
- The Borrower breaches any representation, warranty, or covenant in this Agreement.
- The Borrower becomes insolvent or ceases business operations.
**6. Remedies**
Upon the occurrence of an Event of Default, the Lender shall have the right to:
- Declare the entire Loan Amount immediately due and payable.
- Take possession of the Collateral and sell it in accordance with applicable law.
- Exercise any other rights and remedies available to the Lender at law or in equity.
**7. Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [STATE].
**8. Miscellaneous**
- This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof.
- This Agreement may only be amended in writing signed by both parties.
- Any notices required or permitted under this Agreement shall be delivered in writing to the addresses set forth above.
**IN WITNESS WHEREOF, the parties hereto have executed this Floating Lien Agreement as of the date first above written.**
_________________________
**[Lender's Name]**
Lender
_________________________
**[Borrower's Name]**
Borrower
[Notary Block, if necessary]
```
**Please Note:** Modify the placeholders (like `[DATE]`, `[AMOUNT]`, `[STATE]`, and `[SPECIFIC PURPOSE]`) with the relevant details as per your requirements. It's advisable to consult with a legal professional to ensure compliance with applicable laws and regulations before finalizing any legal documents.