Collateral Description definition
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.)
Collateral Description. The word Collateral means certain of Borrower’s personal property in which ▇▇▇▇▇▇ has acquired a security interest, including without limitation, the following specific property: FIXTURES. ALL GOODS, NOW OR IN THE FUTURE AFFIXED OR ATTACHED TO REAL PROPERTY DESCRIBED IN ATTACHED EXHIBIT “A” AND THE SUBJECT GROUND LEASE AND LEASEHOLD INTEREST. ▇▇▇▇▇▇▇▇’S ASSIGNMENT OF GROUND LEASE: Borrower hereby assigns to Lender all of Borrower’s rights in the Ground Lease, as partial security for the Loan as more fully set forth in the Related Documents. The parties intend that this assignment will be a present transfer to Lender of all of Borrower’s rights under the Lease, subject to Borrower’s rights to use the Premises and enjoy the benefits of the Lease while not in default on the Loan or Lease. Upon full performance by ▇▇▇▇▇▇▇▇ under the Loan, this assignment shall be ended, without the necessity of any further action by any of the parties. This assignment includes all renewals of and amendments to the Lease or the Loan, until the Loan is paid in full. No amendments may be made to the Lease without ▇▇▇▇▇▇’s prior written consent, which shall not be unreasonably withheld or delayed.
Collateral Description. All assets of the Debtor, whether currently owned or hereafter acquired. Notwithstanding the foregoing, the Collateral! shall not include: (a) any personal property held in trust by the Debtor and lawfully belonging to others; (b) any property of the Debtor that constitutes consumer goods for the personal use of the Debtor; or (c) the last day of the term of any lease, oral or written, or agreement therefor now held or hereafter acquired by the Debtor, provided that upon the enforcement of remedies against the Collateral by Secured Party, the Debtor shall stand possessed of such last day in trust to assign and dispose of the same to any person acquiring such term.
Examples of Collateral Description in a sentence
The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the "Collateral Description" section of this Agreement.
The word "Collateral" means all of Grantor's right, title and interest in and to all the Collateral as described in the Collateral Description section of this Agreement.
The word “Collateral” means all of Grantor’s right, title and interest in and to all the Collateral as described in the Collateral Description section of this Agreement.
The word "Account" means the deposit accounts described in the "Collateral Description" section.
The word “Collateral” means all of Grantor’ right, title and interest in and to all the Collateral as described in the Collateral Description section of this Agreement.
More Definitions of Collateral Description
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) Used JCB model 185 Skid Steer Loader S/N SLP185SAXE07468060 Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party the total sum of $16,129.00 which represents principal and interest precomputed over the term hereof, payable in 12 (total number) combined principal and interest payments of $1,344.08 each commencing on 3-7-02 and a like sum on the like date each month thereafter until fully paid, provided however, that the final payment shall be in the amount of the unpaid balance and interest. Payment shall be made at the address of Secured Party shown on the Master Security Agreement or such other place as Secured Party may designate from time to time.
Collateral Description. This financing statement covers all of Debtor's right, title and interest in and to the following assets and property, wherever located, whether now owned or hereafter acquired or now existing or hereafter arising (collectively, "Collateral"): certain goods (irrespective of whether such goods constitute equipment, inventory or fixtures or some other type of collateral category under the UCC) generally described bel ow, and more particularly described or referred to as the "Equipment" subject to that certain Interim Funding Agreement dated April 29 , 2022 , to that certain Master Equipment Lease Agreement No. 30095 dated as of October 11, 2021 (collectively , the "Lease"), together with:
Collateral Description. (Describe Collateral fully including make kind of unit model and serial numbers and any other pertinent information) All presently owned machinery and equipment including fixtures and all additions, substitutions and replacements thereof located at 11935 5. I-44, Oklahoma City, OK together with all attachments, component parts, equipment and accessories installed thereon or affixed thereto and all proceeds thereof, including without limitation the collateral described on the attached Exhibit A. Payment shall be made at the address of Secured Party shown on the Master Security Agreement or such other place as Secured Party may designate from time to time. See Special Provisions Instructions below
Collateral Description. For further information, please see the attached collateral term sheet.
Collateral Description. The word "Collateral" as used in this Agreement means all of Grantor's property (however owned if more than one), in the possession of Lender (or in the possession of a third party subject to the control of Lender), whether existing now or later and whether tangible or intangible in character, including without limitation each and all of the following: Wachovia Securities Account No. 7905-7955 with an approximate balance of $7,401,109
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) New CMI Model PR800-7/12 Pavement Profiler S/N 550121 --------- Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party (i) the total principal sum of $561,034.00 in 72 (total number) principal payments of $7,792.13 each, commencing on 7-5-00, and a like sum on a like date of each month thereafter until fully paid, provided, however, that the final payment shall be in the amount of the unpaid balance, plus (ii) interest payable monthly at 0.00% in excess of the "governing rate" on unpaid principal balances, but in no event greater than the highest rate permitted by relevant law in effect from time to time during the term of this Security Agreement even if this Security Agreement shall state a minimum rate of interest.
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) 1999 Peterbilt Model 330 Medium Duty Chassis VIN # ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ With a Heavy Duty Service Body S/N N/A Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party (i) the total principal sum of $81,059.10 in 60 (total number) principal payments of $1,351 each, commencing on 8/14/00, and a like sum on a like date of each month thereafter until fully paid, provided, however, that the final payment shall be in the amount of the unpaid balance, plus (ii) interest payable monthly at 0.00% in excess of the "governing rate" on unpaid principal balances, but in no event greater than the highest rate permitted by relevant law in effect from time to time during the term of this Security Agreement even if this Security Agreement shall state a minimum rate of interest.