Seller's Collateral definition

Seller's Collateral means Seller's security interest and liens in Seller's Equipment Collateral and the Real Property.
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Examples of Seller's Collateral in a sentence

  • The Sellers Collateral Account and the Bank Collateral Account are collectively referred to as the "Cash Collateral Account".

  • The amount of the Performance Assurance shall be equal to the Delivery Term Security amount minus Seller's Collateral Threshold.

  • Seller authorizes FGI to file, and Seller shall execute and deliver to FGI and/or file at such times and places as FGI may designate, such financing statements, continuations and amendments thereto as are necessary or desirable to give notice of FGI's purchase of the Purchased Accounts under the DCC in effect in any applicable jurisdiction and FGI's security interest in Seller's Collateral as provided in Section 6 below.

  • In order to secure the payment of all indebtedness and obligations of Seller to FGI (including the Obligations), in addition to the sale of Purchased Accounts, Seller hereby grants to FGI a security interest in and lien upon all of Seller's right, title and interest in and to all of Seller's Collateral.

  • In order to secure the payment of all indebtedness and obligations of Seller to Factor, in addition to the sale of Purchased Accounts, Seller hereby grants to Factor a Security Interest in and lien upon all of Seller's right, title and interest in and to all of Seller's Collateral.

  • Provided, however, if an Event of Default has occurred, Buyer may audit Seller's Collateral, including, but not limited to, Seller's Receivables at Buyer's sole and exclusive discretion and without notification and authorization from Seller.

  • Seller shall execute and deliver to Factor and/or file at such times and places as Factor may designate such financing statements, continuations and amendments thereto as are necessary or desirable to give notice of Factor's purchase of the Purchased Accounts under the Uniform Commercial Code in effect in any applicable jurisdiction and Factor's security interest in Seller's Collateral as provided in Section 8 below.

  • TouchStone has agreed to replace the Sellers' collateral with respect to the Loan Documents with substitute collateral in the form of a Certificate of Deposit in the amount of $710,000.00 (the "Substitute Collateral"), and the Sellers request that those collateral instruments listed on Exhibit B (the "Sellers' Collateral Documents") be released by LSB to the --------- Sellers and/or terminated, as applicable.

  • Seller shall authorize to Factor to file at such times and places as Factor may designate such financing statements, continuations and amendments thereto as are necessary or desirable to give notice of Factor's purchase of the Purchased Accounts under the UCC in effect in any applicable jurisdiction and Factor's security interest in Seller's Collateral as provided in Section 6 below.

  • NOTE 2: (Note applies to full-time nurses only) Provisions in existing Collective Agreements providing for time off to study for College of Nurses examinations, to write registrationexaminations or examinations for courses of study relatedto employment shall be continued in effect and added to the above provisions in such Collective Agreements.

Related to Seller's Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers' acceptances, and all other rights to payment.

  • UCC Collateral is defined in Section 3.03.

  • Personal Property Collateral means all property included in the Collateral except Real Property Collateral.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.