Supplier Lien definition

Supplier Lien means any Lien granted in favour of a supplier or distributor of tangible goods to any Obligor, provided that such Lien attaches only to such tangible goods supplied or distributed and the proceeds thereof and do not attach to any other Collateral.
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Supplier Lien means a lien, security interest, charge or encumbrance, or other right or claim in, of or on Arrow SI’s assets or properties (including any UCC financing statement or any similar instrument filed against Arrow SI’s assets or properties) in respect of certain bundled hardware and software products, where a component of such bundled product is supplied under a written agreement, pursuant to which such lien, security interest, charge or encumbrance, or other right or claim is created on such component in favor of the supplier of such component.
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Supplier Lien means the Supplier Security Interest and any other security interest in or lien upon any property of the Borrower, or Borrower's interest in any property, howsoever arising, securing the repayment of the Supplier Indebtedness, or any part thereof.
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Examples of Supplier Lien in a sentence

  • The Creditor agrees to execute, and deliver to Lender, such instruments or documents as Lender may reasonably require to evidence the subordinated nature of the Supplier Lien, including, if required by Lender, the execution of appropriate forms of UCC financing statements, or amendments to existing financing statements of record in favor of Creditor, evidencing the subordination of the Supplier Lien to the Lender Lien for filing in the appropriate UCC filing records.

  • Supplier Agreement or Supplier Lien Release and Acknowledgment Agreement Defaults.

  • Executed Supplier Lien Waivers Releases in the appropriate form are required every 30 days and appropriately executed Unconditional Waiver and Release on Final Payment are required at the time of the final payment for the Work.

  • Creditor agrees that, until the Senior Debt has been paid in full and satisfied and all financing arrangements between Borrower and Lender have been terminated in writing, the existence of this Agreement shall be fully disclosed in connection with any assignment or transfer by Creditor of the Supplier Lien, whether in whole or in part, and the rights of any such assignee shall be made expressly subject to this Agreement in a manner reasonably satisfactory to Lender.

  • Upon request by Company, Contractor shall provide Lien and Claim releases executed by Contractor, each and every Subcontractor, and all suppliers through the date of each invoice submitted in accordance with Exhibit F (Form of Contractor Lien Release), Exhibit G (Form of Subcontractor Lien Release) and Exhibit H (Form of Supplier Lien Release), respectively.