Collateral Security definition

Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

Collateral Security means any security (including any loan mortgage insurance in respect of the Mortgage Loan and excluding Mortgages) granted to any Seller by any Debtor in order to guarantee or secure the payment and/or repayment of any amounts due under the relevant Mortgages Loan Agreements.

Collateral Security means the security provided in addition to the primary security, in connection with the credit facility extended by a lending institution to a borrower.

Examples of Collateral Security in a sentence

• If the rental agreement has been terminated, then Lessor shall repay to the Lessee the Collateral Security - reduced by any amount used according to clause V.5 of this GTC - to the bank account provided by the Lessee.

• If a fixed term agreement is terminated pursuant to the above, in addition to the above, the Lessee shall forfeit the part of the First Rental Fee not yet included and the entire amount of the Collateral Security.

• Where the mileage reading of the Vehicle is higher than proposed mileage in the quote provided to the Lessee pro rata temporis, the Lessor shall be entitled to invoice the rental fee difference specified in this agreement for overrun to the Lessee, who shall be required to pay such amount, or the Lessor shall be entitled to deduct it from the Collateral Security.

More Definitions of Collateral Security

Collateral Security means, with respect to any Contract, (i) the security interests granted by or on behalf of the related Obligor with respect thereto, including a first priority perfected security interest in the related Manufactured Home, (ii) all other security interests or liens and property subject thereto from time to time purporting to secure payment of such Contract, whether pursuant to the agreement giving rise to such Contract or otherwise, together with all financing statements signed by the Obligor describing any collateral securing such Contract, (iii) all guarantees, insurance and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Contract whether pursuant to the agreement giving rise to such Contract or otherwise, and (iv) all records in respect of such Contract.

Collateral Security means any Security Interest, Guarantee or other document or agreement at any time created or entered into as security for any Secured Money.

Collateral Security means, with respect to any Receivable, (i) the security interest, if any, granted by or on behalf of the related Dealer in the related Products or Accounts Receivable that, in each case, constitute the primary collateral for such Receivable but does not include secondary collateral such as personal property, personal guarantees, mortgages on real estate, assignments of certificates of deposit, or letters of credit and (ii) all Records in respect of such Receivable.’’;

Collateral Security means with respect to any Receivable: (a) the related invoice, and (b) the Lien of CNHI, if any, in the related CNHI Parts and Wholegoods (granted under the related invoice or otherwise) securing the Receivable.

Collateral Security means, with respect to any Receivable, all collateral security granted by or on behalf of the related Dealer with respect thereto, including a first priority perfected security interest in the related Vehicle, certain parts inventory, equipment, fixtures, service accounts or realty with respect to such Dealer and all guarantees of any Receivable.

Collateral Security means in respect of a Mortgage Loan:

Collateral Security means security, other than a