Definitions and Index to Definitions. The following terms shall have the following meanings. All capitalized terms not otherwise defined in this Agreement shall have the meaning set forth in the Uniform Commercial Code (the "UCC") as adopted in the Chosen State:
Definitions and Index to Definitions. The following terms used within this Agreement shall have the following meaning. All capitalized terms not defined within this Agreement shall have the meaning set forth in the Uniform Commercial Code:
Definitions and Index to Definitions. The following terms used herein shall have the following meaning. All capitalized terms not herein defined shall have the meaning set forth in the Uniform Commercial Code: "Advance Rate" – 80%
Definitions and Index to Definitions. The following terms used herein shall have the following meaning. All capitalized terms not herein defined shall have that meaning as set forth in the Uniform Commercial Code as enacted in the State of Texas (the “UCC”).
Definitions and Index to Definitions. The following terms used herein shall have the following meaning. All capitalized terms not herein defined shall have the meaning set forth in the UCC:
Definitions and Index to Definitions is amended as follows:
Definitions and Index to Definitions. 1.1. The following terms shall the meanings set forth below:
Definitions and Index to Definitions. The following terms used within this Agreement shall have the following meaning. All capitalized terms not defined within this Agreement shall have the meaning set forth in the Uniform Commercial Code: (a) “Account Debtor” – any obligor on an Account. (b) “Advance” – The funding of all or any portion of the Face Amount of Account prior to collection. (c) “Advance Rate” – As stated in the General Rates and Fees. (d) “Avoidance Claim” - Any claim that any lien or payment received by Lender is avoidable under the Bankruptcy Code, any other debtor relief statute, including fraudulent conveyance claims, or through receivership, assignment for the benefit of creditors or any equivalent type payment recovery laws, rules or regulations intended to benefit creditors. (e) “Change of Control” – means the person or entity constituting the majority ultimate beneficial owner of the voting equity interests of Borrower (or having the ability to elect a majority of the board of directors of Borrower) as of the date hereof no longer constituting the majority ultimate beneficial owner of the voting equity interests of Borrower (or having the ability to elect a majority of the board of directors of Borrower). (f) “Chosen State” - California. (g) “Closed” - A Financed Account is closed upon receipt of full payment by Xxxxxx from an Account Debtor or from the Borrower (including its being charged to the Reserve Account). (h) “Collateral”- all assets of Borrower, whether now existing or hereafter acquired and wherever located, including, without limitation, all Borrower’s present and future Accounts, Chattel Paper (including Electronic Chattel Paper), Goods (including all returned or repossessed Goods, Inventory and Equipment), Equipment, Inventory, Commercial Tort Claims, Instruments, Deposit Accounts, Documents, Investment Property, and General Intangibles (including without limitation all tradenames, trademarks, tradestyles, licenses, payment intangibles, tax refunds and proceeds of insurance), licensing fees, royalties, Letter-of-Credit Rights, Letters of Credit, Supporting Obligations, all unpaid seller’s rights (including, without limitation, Borrower’s rights to stoppage in transit, replevin and reclamation), all leasehold improvements, and all products and cash and non-cash Proceeds of all the foregoing, together with all reserves and all moneys credited or payable to Borrower (whether credited or payable to Borrower pursuant to this Agreement or in a deposit account mai...
Definitions and Index to Definitions. The terms used herein shall have the meanings identified on Exhibit “1” affixed hereto. All capitalized terms used in this Agreement but not specifically defined herein shall have the meanings ascribed to them by the UCC.
Definitions and Index to Definitions. As used in this Agreement, the following terms used have the following meanings. Terms that are defined in the UCC that are not otherwise defined below shall have the meanings ascribed to such terms in the UCC:
