Inventory Collateral definition

Inventory Collateral means all inventory of the Borrower and Guarantors, or in which the Borrower or Guarantors have rights, whether now owned or hereafter acquired, wherever located, including, without limitation, all goods of the Borrower and Guarantors held for sale or lease or furnished or to be furnished under contracts of service, all goods held for display or demonstration, goods on lease or consignment, returned and repossessed goods, all raw materials, work-in-process, finished goods and supplies used or consumed in the business of Borrower or any Guarantor, together with all documents, documents of title, dock warrants, dock receipts, warehouse receipts, bills of lading or orders for the delivery of all, or any portion, of the foregoing.

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Inventory Collateral means all inventory of the Grantor, or in which the Grantor has rights, whether now owned or hereafter acquired, wherever located, including, without limitation, all goods of the Grantor held for sale or lease or furnished or to be furnished under contracts of service, all goods held for display or demonstration, goods on lease or consignment, returned and repossessed goods, all raw materials, work-in-process, finished goods and supplies used or consumed in the business of Grantor, together with all documents, documents of title, dock warrants, dock receipts, warehouse receipts, bills of lading or orders for the delivery of all, or any portion, of the foregoing.

Inventory Collateral means all inventory of an Obligor, whether now owned or hereafter acquired, wherever located, including, without limitation, all goods of an Obligor held for sale or lease or furnished or to be furnished under contracts of service, all goods held for display or demonstration, goods on lease or consignment, spare parts, repair parts, returned and repossessed goods, all raw materials, work-in-process, finished goods, catalysts and supplies used or consumed in an Obligor's business, together with all documents, documents of title, dock warrants, dock receipts, warehouse receipts, bills of lading or orders for the delivery of all, or any portion, of the foregoing.

Examples of Inventory Collateral in a sentence

• Borrower will pay all taxes and other charges against the Inventory Collateral, and Borrower will not use the Inventory Collateral illegally or allow the Inventory Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.

• No Borrower or Guarantor will sell, lease, exchange, or otherwise dispose of any of the Collateral without the prior written consent of the Agent; provided, however Inventory Collateral may be sold in the ordinary course of business for cash or on open account or on terms of payment ordinarily extended to its customers.

• If the Grantors consign any of the Inventory Collateral, it will comply with the U.C.C. of any state where such Inventory Collateral is located with respect thereto, and shall file, cause the filing and hereby authorizes the Administrative Agent to file in the appropriate public office or offices UCC-1 financing statements showing such Grantor or Grantors, as the case may be, as consignor and the Administrative Agent as assignee of consignor, and will furnish copies thereof to the Administrative Agent.

• If the Borrower or Guarantors consign any of the Inventory Collateral, it will comply with the Uniform Commercial Code of any state where such Inventory Collateral is located with respect thereto, and shall file, cause the filing and does hereby authorize the Agent to file in the appropriate public office or offices UCC-1 financing statements showing such Borrower or Guarantor, as the case may be, as consignor and the Agent as assignee of consignor, and will furnish copies thereof to the Agent.

• The rights of the Inventory Collateral Agent under this Agreement (a) may be exercised as often as necessary; (b) are cumulative and not exclusive of its rights under law or in equity, and (c) may be waived only in writing and specifically.

More Definitions of Inventory Collateral

Inventory Collateral has the meaning specified therefor in Section 3(a).

Inventory Collateral means, collectively, the Intermediation Collateral and the BI Collateral.

Inventory Collateral means all inventory of the Borrower and each of the Subsidiary Guarantors, whether now owned or hereafter acquired, including, without limitation, all goods of the Borrower held for sale or lease or furnished or to be furnished under contracts of service, all goods held for display or demonstration, goods on lease or consignment, spare parts, repair parts, returned and repossessed goods, all raw materials, work-in-process, finished goods and supplies used or consumed in the Borrower's business, together with all documents, documents of title, dock warrants, dock receipts, warehouse receipts, bills of lading or orders for the delivery of all, or any portion, of the foregoing; provided, however, that "Inventory Collateral" shall not include goods which are placed by the owner thereof on consignment with the Borrower.

Inventory Collateral. (as that term is defined in the Security Agreement referred to in the Credit Agreement), other than Purchased Assets Returned Goods; (ii) Excluded Receivables; and (iii) any Receivables or other proceeds of Inventory Collateral created or arising (x) after a Bankruptcy Event in which the Originator is the debtor (other than proceeds of Purchased Assets Returned Goods), (y) after termination of purchases under the Receivables Sale Agreement (other than proceeds of Purchased Assets Returned Goods) or (z) from the sale or other disposition of any of the Inventory Collateral (other than Purchased Assets Returned Goods) by the Banks' Agent, as a secured party under the UCC.

Inventory Collateral means all Collateral consisting of Inventory and the proceeds thereof.

Inventory Collateral has the meaning specified in Section 18.2(o).

Inventory Collateral means all Inventory, all Goods, merchandise or other personal property held for sale or lease or to be furnished under labels or other devices, names or marks affixed thereto for purposes of selling or identifying the same or the seller or manufacturer thereof, and all Client’s right, title and interest therein and thereto, all raw materials, work or goods in process or materials or supplies of every nature used, consumed or to be used in Client’s business, all packaging and shipping materials, and all proceeds and products of any of the foregoing (including without limitation proceeds consisting of accounts receivable, chattel paper, and insurance proceeds) whether now owned or hereafter acquired and wherever located.