Definition of Potentially Competing Security Interest

  1. Potentially Competing Security Interest means any security interest in favor of any Person that attaches to any of the Bank Property or that would attach to 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 Security Interest in a sentence

  1. As used herein, "Potentially Competing Security Interest" means any security interest in favor of any person that attaches to any of the Bank Property or that would attach to such property if, contrary to the intent of the parties hereto, any Retailer was determined to have any rights therein.

Definition of Potentially Competing Security Interest in Credit Card Program Agreement

Potentially Competing Security Interest means any security interest in favor of any Person that attaches to any of the Bank Property or that would attach to such property, if contrary to the intent of the parties to the Agreement, JCPenney were determined to have any rights therein.