Collateral Inventory definition

Collateral Inventory means any Inventory comprising any or all of the Collateral.
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Collateral Inventory means, with respect to each Loan, a listing of all Loan Documents for such Loan.
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Collateral Inventory means, from time to time, the total volume of Commodities owned by the Company and subject to the security created by the Security Agreement or any other Transaction Document in favor of ▇▇▇▇▇ Fargo;
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Examples of Collateral Inventory in a sentence

  • Collateral: Inventory, Equipment, Accounts, Other and Motor Vehicles.

  • Each Collateral Inventory Report will be accompanied by a Collateral Certificate signed by an executive officer of Borrower.

  • The Collateral Inventory Report and the Collateral Certificate when required by this Agreement.

  • The Lender will provide a copy of each Borrowing Base Reconciliation Report to Borrower within 5 Business Days of receipt of the Collateral Inventory Report and accompanying Collateral Certificate.

  • The Collateral Inventory Report and the Collateral Certificate will be in written form and on computer disk formatted to the Lender's specifications.

  • Units and Eligible Lots may be added as Eligible Collateral only upon receipt of the Collateral Inventory Report and Collateral Certificate and upon satisfaction of all other provisions of this Agreement.

  • As the Lender may from time to time request, each Collateral Inventory Report shall also be accompanied by such certificates and other evidence as the Lender may require to assist the Lender in verifying the information therein.

  • Entitled Land, Lots Under Development, Units and Finished Lots may be added to the Borrowing Base only upon receipt of the Collateral Inventory Report and Collateral Certificate which include such Entitled Land, Lots Under Development, Units and Finished Lots and upon satisfaction of all other provisions of this Agreement.

  • Secured Party: GE Canada Leasing Services Company File No. : 620706762 Registration date: November 23,2005 Collateral: Inventory, Equipment, Accounts, Other, specified motor vehicle.

  • As the Agent may from time to time request, each Collateral Inventory Report shall also be accompanied by such certificates, "check runs" and other evidence as the Agent may require to assist the Agent in verifying the information therein.

Related to Collateral Inventory

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.