Negotiable Document definition

Negotiable Document means a Document that is “negotiable” within the meaning of Article 7 of the Uniform Commercial Code.

Negotiable Document means a document, such as a warehouse receipt or bill of lading, that embodies a right to delivery of tangible assets and satisfies the requirements for negotiability;

Negotiable Document means a "Document" as defined in Section 9-102(a)(30) of the NYUCC, but shall in no event include Bank Loans or Trade Payables.

Examples of Negotiable Document in a sentence

• Any Pledged Collateral evidenced or represented by any Instrument or Negotiable Document shall be delivered promptly to the Administrative Agent, duly endorsed, if applicable, in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement, and all of such property owned by any Grantor as of the Closing Date shall be delivered on the Closing Date.

• Notwithstanding the foregoing, no Instrument, Tangible Chattel Paper, Pledged Debt Security constituting a Certificated Security or Negotiable Document shall be required to be delivered to the Administrative Agent pursuant to this clause (a) if the value thereof is less than $1,000,000 individually or $5,000,000 in the aggregate.

• Notwithstanding the foregoing, no Instrument, Tangible Chattel Paper, Pledged Debt Security constituting a Certificated Security or Negotiable Document shall be required to be delivered to the Administrative Agent pursuant to this clause (a) if the value thereof is less than $1,000,000 in the aggregate.

• Any Pledged Collateral evidenced or represented by any Instrument or Negotiable Document shall be delivered promptly to the First Lien Administrative Agent or the Collateral Agent, as applicable in accordance with the Intercreditor Agreement, duly endorsed, if applicable, in a manner reasonably satisfactory to such Collateral Agent, to be held as Collateral pursuant to this Agreement, and all of such property owned by any Grantor as of the Closing Date shall be delivered on the Closing Date.

• Any Collateral consisting of an Instrument, Certificated Security, Negotiable Document or Tangible Chattel Paper not otherwise required to be delivered to the Collateral Agent in accordance with this Section 5.02(a) shall be delivered to the Collateral Agent, at the request of the Collateral Agent, upon the occurrence and during the continuance of an Event of Default.

More Definitions of Negotiable Document

Negotiable Document means a document, such as a warehouse receipt or a bill of lading, that embodies a right to delivery of tangible assets and satisfies the requirement for negotiability under the law governing the document;

Negotiable Document means a Document that is “negotiable” within the meaning of Article 7 of the UCC.

Negotiable Document means a Document that is “negotiable” within the meaning of Article 7 of the Uniform Commercial Code. “Net Cash Proceeds” shall mean:

Negotiable Document means a document, such as a warehouse receipt or a bill of lading, that embodies a right for delivery of tangible property and satisfies the requirements for negotiability under the law governing negotiable documents;

Negotiable Document has the meaning specified in Section 4.5.

Negotiable Document means a document of title, or a receipt such as a bill of lading or warehouse receipt, that embodies a right to delivery of a tangible asset and satisfies the requirement of negotiability under the law governing the document;

Negotiable Document shall have the meaning given in Section 4.2(a)(ii).