Purchase Document Collateral definition
Purchase Document Collateral means, as to Holding and ▇▇▇▇▇▇, all now existing or hereafter arising right, title and interest in and to each of the Purchase Documents and all proceeds thereunder, including, but not limited to, (a) all rights of Holding or ▇▇▇▇▇▇ to receive monies due or to become due to it under the Purchase Documents or in connection with the Purchase Documents, (b) all rights of Holding or ▇▇▇▇▇▇ to indemnification and claims for damages or other relief pursuant to or in respect of the Purchase Documents, (c) all rights of Holding or ▇▇▇▇▇▇ to perform and exercise all remedies thereunder and to require performance by the other parties to the Purchase Documents of their obligations thereunder, and (d) all proceeds, collections, recoveries and rights of subrogation with respect to the foregoing.
Examples of Purchase Document Collateral in a sentence
In no event shall the grant of the security interest in the Purchase Document Collateral or the exercise by Agent of any rights with respect to the Purchase Documents or the Purchase Document Collateral, constitute an assumption of any liability or obligation of ▇▇▇▇▇▇ or Holding to any of the other parties to the Purchase Documents or any other persons.