Definition of Potentially Competing Financing Statement

  1. Potentially Competing Financing Statement means any financing statement in favor of any Person that covers any of the Bank Property or that would cover such property if, contrary to the intent of the parties to the Agreement, JCPenney were determined to have any rights therein.

Examples of Potentially Competing Financing Statement in a sentence

  1. As used herein, "Potentially Competing Financing Statement" means any financing statement in favor of any person that covers any of the Bank Property or that would cover any such property if, contrary to the intent of the parties hereto, any Retailer was determined to have any rights therein.

Definition of Potentially Competing Financing Statement in Credit Card Program Agreement

Potentially Competing Financing Statement means any financing statement in favor of any Person that covers any of the Bank Property or that would cover such property if, contrary to the intent of the parties to the Agreement, JCPenney were determined to have any rights therein.