Factoring Collateral definition

Factoring Collateral means all Accounts, Inventory, machinery and Equipment, Instruments, Documents, Chattel Paper, General Intangibles, whether now owned or hereafter created or acquired by the Company, wherever located, and all replacements and substitutions therefore, accessions thereto, and Products and Proceeds thereof, and all property of Company at any time in Prestige’s possession.
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Factoring Collateral means (a) any Accounts Receivable sold by a Loan Party pursuant to, and serving as collateral securing any Factoring Indebtedness under, any Factoring Agreement (but excluding, for the avoidance of doubt, the purchase price and any other consideration received by such Loan Party) and (b) all contracts and contract rights, guarantees or other obligations, in each case, evidencing such Accounts Receivable, and all books, records and information with respect to such Accounts Receivable (solely to the extent the foregoing evidences such Accounts Receivable).
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Factoring Collateral means, collectively, the Pre-Petition Factoring Collateral and the Post-Petition Factoring Collateral.
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Examples of Factoring Collateral in a sentence

  • Accordingly Prestige, Empery and the Financing Parties agreed that the Canada Factoring Agreement will be treated the same as the Existing Factoring Agreement, that the Factoring Collateral and the Factoring Priority Collateral shall include the assets described therein of both the Company and CMP and the term Factored Accounts shall refer to those accounts of both the Company and CMP factored by Prestige.

Related to Factoring Collateral

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • UCC Collateral is defined in Section 3.03.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • 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.