Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.)
Collateral Description. The word Collateral means certain of Borrower’s personal property in which Xxxxxx has acquired a security interest, including without limitation, the following specific property: FIXTURES. ALL GOODS, NOW OR IN THE FUTURE AFFIXED OR ATTACHED TO REAL PROPERTY DESCRIBED IN ATTACHED EXHIBIT “A” AND THE SUBJECT GROUND LEASE AND LEASEHOLD INTEREST. XXXXXXXX’S ASSIGNMENT OF GROUND LEASE: Borrower hereby assigns to Lender all of Borrower’s rights in the Ground Lease, as partial security for the Loan as more fully set forth in the Related Documents. The parties intend that this assignment will be a present transfer to Lender of all of Borrower’s rights under the Lease, subject to Borrower’s rights to use the Premises and enjoy the benefits of the Lease while not in default on the Loan or Lease. Upon full performance by Xxxxxxxx under the Loan, this assignment shall be ended, without the necessity of any further action by any of the parties. This assignment includes all renewals of and amendments to the Lease or the Loan, until the Loan is paid in full. No amendments may be made to the Lease without Xxxxxx’s prior written consent, which shall not be unreasonably withheld or delayed.
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) New CMI Model PR800-7/12 Pavement Profiler S/N 550121 --------- Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party (i) the total principal sum of $561,034.00 in 72 (total number) principal payments of $7,792.13 each, commencing on 7-5-00, and a like sum on a like date of each month thereafter until fully paid, provided, however, that the final payment shall be in the amount of the unpaid balance, plus (ii) interest payable monthly at 0.00% in excess of the "governing rate" on unpaid principal balances, but in no event greater than the highest rate permitted by relevant law in effect from time to time during the term of this Security Agreement even if this Security Agreement shall state a minimum rate of interest.
Examples of Collateral Description in a sentence
TERMS USED IN THIS GENERAL COLLATERAL DESCRIPTION WHICH ARE DEFINED IN THE PERSONAL PROPERTY SECURITY ACT (BRITISH COLUMBIA) SHALL HAVE THE MEANINGS SPECIFIED IN THAT ACT, UNLESS THE CONTEXT OTHERWISE REQUIRES.
That the Re-lender hereby pledge to adequately secure the Government by granting the following secured interest as described below which will be: COLLATERAL DESCRIPTION The Re-lender hereby authorizes the Government to file such financing statements describing the collateral as may be necessary to perfect its security interest under the Uniform Commercial Code.
File Currency: November 2, 2023 # DEBTOR(S) SECURED PARTY REGISTRATION NO./ REGISTRATION PERIOD COLLATERAL DESCRIPTION FINANCING CHANGE STATEMENTS 1 Crown Crest Financial Corp.
EXHIBIT A - COLLATERAL DESCRIPTION The Collateral consists of all of Borrower's right, title and interest in and to the following personal property: All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles.
More Definitions of Collateral Description
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information,) All Furniture, Fixtures and Equipment now owned, in existence or hereafter acquired, located at 6379 Xxxxxxxxx Xx. Xx., Xxxxxxx, XX 00000, xxcluding but not limited to the property more fully described on Exhibit A attached hereto and made a part hereof, together with all additions, attachments and replacements thereto and proceeds thereof, including without limitation, insurance proceeds. Debtor promises to pay Secured Party the total sum $ 569,174.85 which represents principal and interest precomputed over the term hereof, payable in 60 COMBINED PRINCIPAL AND INTEREST PAYMENTS of $ 8,750.56 each and a balloon payment of $ 44,141.25 commencing on 1/15/99 and a like sum on a like date each month thereafter until fully paid, provided however, that the final payment shall be in the amount of the unpaid balance and interest. Payment shall be made at the address of Secured Party shown on the Master Security Agreement or such other place as Secured Party may designate from time to time. See Special Provisions instructions below. ACCEPTED ---------------------------------- SECURED PARTY: Pacific Financial Company by PFR Management, Inc. General Partner By Title ------------------------------------ -------------------------- EXECUTED ON --------------------------- DEBTOR: ROADHOUSE GRILL, INC. ---------------------------------------------- Name of individual, corporation or partnership
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) Used JCB model 185 Skid Steer Loader S/N SLP185SAXE07468060 Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party the total sum of $16,129.00 which represents principal and interest precomputed over the term hereof, payable in 12 (total number) combined principal and interest payments of $1,344.08 each commencing on 3-7-02 and a like sum on the like date each month thereafter until fully paid, provided however, that the final payment shall be in the amount of the unpaid balance and interest. Payment shall be made at the address of Secured Party shown on the Master Security Agreement or such other place as Secured Party may designate from time to time.
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) One (1) 1999 Peterbilt Model 330 Medium Duty Chassis VIN # 00XXXX0X0XX000000 With a Heavy Duty Service Body S/N N/A Including all present and future attachments and accessories thereto and replacements and proceeds thereof, including amounts payable under any insurance policy. Debtor promises to pay Secured Party (i) the total principal sum of $81,059.10 in 60 (total number) principal payments of $1,351 each, commencing on 8/14/00, and a like sum on a like date of each month thereafter until fully paid, provided, however, that the final payment shall be in the amount of the unpaid balance, plus (ii) interest payable monthly at 0.00% in excess of the "governing rate" on unpaid principal balances, but in no event greater than the highest rate permitted by relevant law in effect from time to time during the term of this Security Agreement even if this Security Agreement shall state a minimum rate of interest.
Collateral Description all personal property" or "all assets" in any such financing statements or financing change statements.
Collateral Description. (Describe Collateral fully including make, kind of unit, model and serial numbers and any other pertinent information.) All present and hereafter acquired machinery, equipment, furnishings and fixtures, and all additions, substitutions and replacements thereof, together with all attachments, additions, components, parts, equipment and accessories installed thereon or affixed thereto, and all proceeds of whatever sort, at the locations more specifically set forth on Exhibit A attached hereto and made a part hereof. THE REMAINDER OF THIS PACE IS INTENTIONALLY LEFT BLANK 9 Debtor promises to pay Secured Party the total sum of $22,063,981.40 which represents principal and interest precomputed over the term hereof, payable in 59 COMBINED PRINCIPAL AND INTEREST PAYMENTS OF $267,638.57 each commencing on _______________, 1998 and a 60TH COMBINED PRINCIPAL AND INTEREST PAYMENT OF $6,273,305.77 on _______________, 2003. Payment shall be made at the address of Secured Party shown on the Master Security Agreement or such other place as Secured Party may designate from time to time. ACCEPTED ---------------------- SECURED PARTY: THE CIT GROUP/EQUIPMENT FINANCING, INC. BY /s/ Josexx X. Xxxxxxxxxx Title Assistant Vice President -------------------------------- -------------------------- EXECUTED ON SEPTEMBER 24, 1998 DEBTOR: COOKER RESTAURANT CORPORATION ----------------------------------------------------------------------------- Name of individual, corporation or partnership BY /s/ G. Arthxx Xxxxxxxxxx Title Chairman -------------------------------- -------------------------- EXECUTED ON SEPTEMBER 24, 1998 DEBTOR: CGR MANAGEMENT CORPORATION ----------------------------------------------------------------------------- Name of individual, corporation or partnership BY /s/ G. Arthxx Xxxxxxxxxx Title Chairman -------------------------------- --------------------------
Collateral Description. The word "Collateral" as used in this Agreement means all of Grantor's property (however owned if more than one), in the possession of Lender (or in the possession of a third party subject to the control of Lender), whether existing now or later and whether tangible or intangible in character, including without limitation each and all of the following: Wachovia Securities Account No. 7905-7955 with an approximate balance of $7,401,109
Collateral Description. All assets of the Debtor, whether currently owned or hereafter acquired. Notwithstanding the foregoing, the Collateral! shall not include: (a) any personal property held in trust by the Debtor and lawfully belonging to others; (b) any property of the Debtor that constitutes consumer goods for the personal use of the Debtor; or (c) the last day of the term of any lease, oral or written, or agreement therefor now held or hereafter acquired by the Debtor, provided that upon the enforcement of remedies against the Collateral by Secured Party, the Debtor shall stand possessed of such last day in trust to assign and dispose of the same to any person acquiring such term.