Common use of Receivables Collateral Clause in Contracts

Receivables Collateral. “Receivables Collateral” shall mean and refer to all Rental Payments and all rights to payment now held, or in which the Mortgagor has an interest or hereafter acquired by the Mortgagor, or in which the Mortgagor obtains an interest, arising out of, constituting a part of, or relating to all or a portion of the Collateral.

Appears in 2 contracts

Sources: Mortgage, Security Agreement and Assignment (AdvanSource Biomaterials Corp), Mortgage and Security Agreement (Brookstone Inc)

Receivables Collateral. Receivables Collateral" shall mean and refer to all Rental Payments and all rights to payment now held, or in which the Mortgagor has an interest or hereafter acquired by the Mortgagor, or in which the Mortgagor obtains an interest, arising out of, constituting a part of, or relating to all or a portion of the Collateral.

Appears in 1 contract

Sources: Mortgage, Security Agreement and Assignment (Zoom Telephonics Inc)