Distributor Collateral definition
Examples of Distributor Collateral in a sentence
Other than as provided in the RP Purchase Agreement, Issuer warrants and represents that it has not previously assigned, granted or transferred an interest in the Distributor Collateral to any party which would conflict, interfere or be inconsistent with the Distributor Security Interest granted to Distributor herein.
Such security interests and copyright mortgages shall be entitled to priority over all other security interests in the Distributor Collateral.
KDS, PCD or AMREP jointly and severally represent and covenant that, as of the Effective Date, (i) the Safety Credit Line (as defined in such Intercreditor Agreement) has not been drawn and no amounts are outstanding thereunder; (ii) PNC has provided their consent to this Agreement; (iii) the Intercreditor Agreement has been terminated; and (iv) PNC has no security interest in or lien upon the Distributor Collateral.