Consignment Liens definition
Consignment Liens means Liens incurred in the ordinary course of business not securing Indebtedness in favor of Persons supplying the Company or any Subsidiary with precious metals, precious gems, jewelry or Manufacturing Components on a consignment basis, provided that such Liens cover only the following Property of the Company or such Subsidiary which shall have been supplied by such Persons:
Consignment Liens shall have the meaning ascribed thereto in the definition of Eligible Book Value of Inventory.
Consignment Liens. Liens incurred in the ordinary course of business not securing Indebtedness in favor of Persons supplying the Parent or any Subsidiary with precious metals, precious gems or jewelry on a consignment basis, provided that such Liens cover only the following Property of the Parent or such Subsidiary which shall have been supplied by such Persons:
Examples of Consignment Liens in a sentence
Distributor authorizes Supplier to file any financing statements, continuation statements, termination statements, and other documents as Supplier may desire to protect or perfect and continue in effect Supplier's right, title, and interest to the Consignment Goods, including any security interest of Supplier created hereby ("Consignment Liens").