Payment Rights Collateral definition

Payment Rights Collateral means all Collateral consisting of (a) General Intangibles which constitute payment intangibles, (b) Accounts, and (c) Chattel Paper.
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Payment Rights Collateral means all Collateral consisting of General Intangibles which constitute payment intangibles, Accounts, and Chattel Paper.
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Payment Rights Collateral has the meaning set forth in the Granting Clause of the Indenture.
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Examples of Payment Rights Collateral in a sentence

  • No Debtor has received any note, trade acceptance, draft, or other instrument with respect to or in payment of any Payment Rights Collateral in excess of $50,000.00 which has not been delivered to the Secured Party.

  • Secured Party has the right to verify the Payment Rights Collateral or any portion thereof in the name of Debtor, in the name of Secured Party, or otherwise.

  • No Payment Rights Collateral is subject to any defense, right of offset, counterclaim or adjustment.

  • Secured Party may at any time following the occurrence and during the continuance of an Event of Default without prior notice to Debtor and without the necessity of foreclosing thereon, notify any person liable in respect of any Payment Rights Collateral to make payment directly to Secured Party and receive such payments and otherwise enforce Debtor’s rights against Account Debtors.

  • Debtor will deliver to the Collateral Agent on a periodic basis as the Collateral Agent or any Lender determines, a report describing the kind, location, and quantity of Inventory and a report in form satisfactory to the Collateral Agent accurately showing and describing the Payment Rights Collateral and including, among other information, the aging of each item of Payment Rights Collateral.

  • Debtor will deliver to Secured Party, together with each such report, duplicate invoices, shipping receipts, and such other evidence of shipment or delivery of the goods or performance of the services or the performance of such other act or acts giving rise to such Payment Rights Collateral as Secured Party may, from time to time, require.

  • Debtor will deliver to the Collateral Agent, together with each such report, duplicate invoices, shipping receipts, and such other evidence of shipment or delivery of the goods or performance of the services or the performance of such other act or acts giving rise to such Payment Rights Collateral as the Collateral Agent or any Lender may, from time to time, require.

  • The Borrower will deliver to the Secured Party on a periodic basis as the Secured Party determines, a report describing the kind, location, and quantity of Inventory and a report in form satisfactory to the Secured Party accurately showing and describing the Payment Rights Collateral and including, among other information, the aging of each item of Payment Rights Collateral.

  • Debtor has not received any note, trade acceptance, draft, or other instrument with respect to or in payment of any Payment Rights Collateral, except checks received in the ordinary course of business.

  • Except as may be required by the UCC, to the extent applicable, Secured Party is not liable for any error, omission, or delay occurring in the settlement, collection, or payment of or enforcement of rights with respect to any Payment Rights Collateral or of any instrument received in full or part payment thereof or in dealing with any lien, security, or guaranty of or any other contractual undertaking related to any Payment Rights Collateral.

Related to Payment Rights Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers' acceptances, and all other rights to payment.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Trade Secrets Collateral means all common law and statutory trade secrets and all other confidential or proprietary or useful information and all know-how obtained by or used in or contemplated at any time for use in the business of the Grantor (all of the foregoing being collectively called a "Trade Secret"), whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, including each Trade Secret license referred to in Schedule V attached hereto, and including the right to xxx for and to enjoin and to collect damages for the actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Copyright Collateral means all Copyrights, whether now owned or hereafter acquired by the Company, including each Copyright identified in Annex 1.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • U.S. Collateral Agreement means the U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, Intermediate Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Related Equipment Note means, as of any date, an “Equipment Note” as defined in each Related Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

  • Trademark Collateral means all Trademarks, whether now owned or hereafter acquired by the Company, that are associated with the Business. Notwithstanding the foregoing, the Trademark Collateral does not and shall not include any Trademark which would be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Trademark Collateral.

  • Securities Collateral means, collectively, the Pledged Securities, the Intercompany Notes and the Distributions.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Personal Property Collateral means all Collateral other than Real Property.