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.

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.

Inventory Collateral means all inventory of Borrower, whether now --------------------- owned or hereafter acquired, wherever located, including, without limitation, all goods of 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 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.

Examples of Inventory Collateral in a sentence

• 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.

• The Ethiopian Grain Trade Enterprise (EGTE) was appointed as the warehouse operator and the Warehouse Receipts and Inventory Collateral Office (WRICO) was the implementation and overseeing agency.

• If the Borrower or Guarantors consign any of the Inventory Collateral, it will comply with Section 2-326 of the Uniform Commercial Code of any state where such Inventory Collateral is located with respect thereto, by filing 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.

• In addition, to the extent the Borrower or Guarantors should warehouse any of the Inventory Collateral at any time hereafter, the Borrower and Guarantors acknowledge and agree that such warehousing may be conducted only by warehousemen who have been pre-approved by the Agent and who, in any event, shall issue non-negotiable warehouse receipts in the Agent's name to evidence any such warehousing of goods constituting Inventory Collateral.

• In the event the Debtors’ estates receive any additional proceeds on account of Sold Webster Inventory Collateral3 on and after the Effective Date of this Stipulation, the Trustee shall immediately pay the entirety of Webster Bank’s allocation of such Sold Webster Inventory Collateral to Webster Bank pursuant to paragraph 13 of the Final DIP Order free and clear of any claims, offsets and/or surcharges of any kind.

More Definitions of Inventory Collateral

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

Inventory Collateral means all inventory of each Borrower, whether now owned or hereafter acquired, wherever located, including, without limitation, all goods of such 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, software embedded in such goods, all raw materials, work-in-process, finished goods and supplies used or consumed in such 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 a Borrower in compliance with SECTION 2-326 of the Uniform Commercial Code of the applicable jurisdiction.

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.

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 has the meaning specified in Section 18.2(o).

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

Inventory Collateral means all of Borrower’s now owned or hereafter existing or acquired goods, wherever located, which (a) are leased by Borrower as lessor, (b) are held by Borrower for sale or lease or to be furnished under a contract of service, (c) are furnished by Borrower under a contract of service or (d) consist of raw materials, works in process, finished goods or materials used or consumed in its business.