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:
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Consignment Liens shall have the meaning ascribed thereto in the definition of Eligible Book Value of Inventory.
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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:
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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").

Related to Consignment Liens

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Excluded Perfection Assets means, collectively:

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.