Pre-Sold Goods definition
Pre-Sold Goods goods which are the subject of Eligible Purchase Orders.
Pre-Sold Goods means goods which are the subject of Eligible Purchase Orders. “Property” means any right, title, or interest in or to property of any kind whatsoever, whether real, personal, or mixed and whether tangible or intangible, including without limitation Equity Interests. “Purchase Money Advances” means all amounts paid by Secured Party as loans to Debtor to enable Debtor to acquire Pre-Sold Goods. 11 “Purchase Money Advance Limit” means that portion of the Eligible Purchase Orders which relates to the sales price of the Pre-Sold Goods, excluding shipping and like charges. “Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time. “Regulatory Change” is defined in Section 2.11. “Reportable Event” means any event set forth in Section 4043(b) of ERISA or the regulations thereunder. “Requirement of Law” means, as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its Property or to which such Person or airy of its Property is subject. “Responsible Officer” shall mean as to any Loan Party, the chief executive officer, the chief financial officer, corporate controller or any other officer of such Person acceptable to the Secured Party. “Restricted Distribution” means, as to any Person (i) any dividend or other distribution (whether denominated as a return or reduction of capital or otherwise) on or with respect to any Equity Interest in such Person (except those payable solely in its Equity Interests of the same class) or (ii) any payment on account of (a) the purchase, redemption, retirement, defeasance, surrender or acquisition of any Equity Interests in such Person or any claim respecting the purchase of sale of any Equity Interest in such Person or (b) any option, warrant or other right to acquire any Equity Interests in such Person. “Security Agreement” means the Security Agreement to be executed by Debtor and delivered to Secured Party as of the date hereof, as the same may be amended, supplemented or modified from time to time. “Security Documents” means, collectively, the Guarantee and the Security Agreement. “Subordinated Debt” means any unsecured Indebtedness of any Loan Party (a) the payment of the principal of and interest on, and other oblig...
Pre-Sold Goods. All Goods, parts, components or other tangible property which is the subject of an Eligible Purchase Order.
Examples of Pre-Sold Goods in a sentence
Debtor shall maintain or cause to be maintained at all times, with financially sound and reputable insurers, property and casualty insurance with respect to the Pre-Sold Goods, inventory and other Collateral subject to an Advance naming the Secured Party.
Debtor agrees to sell to Secured Party any and all Accounts arising out of the sale of Pre-Sold Goods which are the subject of a Financed Transaction, and such sales price shall be reduced by the amount of the Advance, plus any additional charges, accruals or other additions due and owing under this Addendum or the Factoring Agreement.
More Definitions of Pre-Sold Goods
Pre-Sold Goods. Goods manufactured from Raw Materials which are the subject of an Eligible Purchase Order.