A/R Collateral definition

A/R Collateral means Borrower’s Accounts, as defined in the Code, and the Proceeds thereof, including but not limited to the Rights to Payment.
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Examples of A/R Collateral in a sentence

  • Eligible Unbilled A/R Collateral -------------------------------------------------------------------------------------------------------------------------------- 15.

  • Bank’s lien on Rights to Payment shall be prior to Montage’s lien, even if the A/R Collateral arises from the disposition of IP Collateral in the ordinary course of business.

  • In order to create in favor of Agents, for the benefit of Secured Parties, a valid, perfected security interest (subject only to the prior preferred Lien of (x) the Equipment Collateral Agent in the Equipment Priority Collateral, (y) the A/R Collateral Agent in the A/R Priority Collateral and (z) existing secured obligations scheduled on Schedule 6.1) in the personal property Collateral.

Related to A/R Collateral

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • UCC Collateral is defined in Section 3.03.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.