SEARS ACCOUNT definition
SEARS ACCOUNT means: (i) indebtedness owing from Sears arising from the provision of merchandise and goods by the Borrower to Sears, including the right to payment of any interest or finance charges and other obligations of Sears with respect thereto, (ii) all security interests or liens and property subject thereto from time to time purporting to secure payment by Sears, (iii) all guarantees, indemnities and warranties and proceeds thereof, proceeds of insurance policies, financing statements and other agreements or arrangements of whatever character from time to time supporting or securing payment by Sears, (iv) all collections (i.e., all cash collections and other cash proceeds) and records (i. e., all contracts {i. e., a written agreement or agreements pursuant to which, or under which, Sears is obligated to pay for merchandise or goods sold to Sears by the Borrower from time to time}) and other documents, books, records and other information (including, without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) prepared and maintained by the Borrower or Royal Appliance Receivables, Inc., with respect to Sears Accounts and Sears and (v) all proceeds of any of the foregoing.