Inventory Security Agreement definition

Inventory Security Agreement has the meaning set forth in (S) 2.5.

Inventory Security Agreement means the Inventory Security Agreement, ---------------------------- dated as of the date hereof, executed by the Company, as debtor, in favor of Trustee, as secured party, as the same may from time to time hereafter be (to the extent not prohibited by or inconsistent with the terms and conditions of the Subordination Agreement) amended, supplemented, modified, amended and restated or replaced.

Inventory Security Agreement means, collectively, the group of ---------------------------- related agreements between and among BCI, the Obligor with respect thereto and the related manufacturer or distributor, pursuant to which (a) BCI agrees to extend credit to such Obligor to finance Eligible Products manufactured by such manufacturer or distributed by such distributor, (b) such Obligor grants to BCI a security interest in the specific Eligible Products financed by BCI, and (c) such Obligor agrees to repay advances made by BCI either (i) at the time of sale of the related Eligible Products to which such advance relates or (ii) in accordance with a repayment schedule providing for repayment in full of the related advance.

Examples of Inventory Security Agreement in a sentence

• If Debtor previously signed any Inventory Security Agreement regarding the Collateral with Secured Party, this Agreement will amend and supplement such prior agreement.

• Furthermore, this default will subject the Debtor to all Remedies as listed in paragraph 12 of the Inventory Security Agreement and Power of Attorney or those provided by applicable law.

• Interest charges are computed as provided in your Inventory Security Agreement and Power of Attorney in which these terms are incorporated by reference.

• Exhibit A to the Inventory Security Agreement Supplement to -------- Accounts Financing Agreement [Security Agreement], dated January 29, 1993, between Borrower and Lender and Exhibit A to the Trade Financing Agreement Supplement to Accounts Financing Agreement [Security Agreement], dated January 29, 1993, by Borrower in favor of Lender are each hereby replaced and superseded in their entirety by Schedule 6.7 hereto.

• Failure to comply with these requirements will be treated as an Event of Default under paragraph 11 of the Inventory Security Agreement and Power of Attorney.

More Definitions of Inventory Security Agreement

Inventory Security Agreement means that certain Inventory Security Agreement, dated as of the date hereof, as amended, between you and us, as the same may hereafter be amended, modified, supplemented or restated from time to time).

Inventory Security Agreement the Inventory Security Agreement to be made by the Borrower and the Subsidiary Guarantors in favor of the Collateral Agent, substantially in the form of Exhibit A-2 to the Master Collateral Agreement, as the same may be amended, supplemented or otherwise modified from time to time.

Inventory Security Agreement means the security agreement dated March 25, 2004, between the Company and the Trustee, as may be amended according to the provisions of this Indenture.

Inventory Security Agreement means a security agreement, dated as of even date herewith, between Guitar and MFI, as debtors, and Agent, as secured party, which agreement shall be governed by the laws of Delaware and otherwise shall be in form and substance reasonably satisfactory to Agent.

Inventory Security Agreement the Inventory Security Agreement, dated as of June 17, 1996, made by the Borrower and the Subsidiary Guarantors (other than the Big Beaver Companies) in favor of the Trustee, substantially in the form of Exhibit A-2 to the Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time.

Inventory Security Agreement means that certain Inventory Security Agreement, dated August 13, 2001, by and between Borrower and Lender.

Inventory Security Agreement means that certain Security Agreement, dated as of October 17, 2002, by and between the Company and the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time.