Purchase-money collateral definition
Purchase-money collateral means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and
Purchase-money collateral means goods or software that
Purchase-money collateral means goods or software that secures a purchase‑money obligation incurred with respect to that collateral; and
More Definitions of Purchase-money collateral
Purchase-money collateral means goods or software
Purchase-money collateral means goods or software that secures a purchase-
Purchase-money collateral means goods or
Purchase-money collateral in turn, means “goods or software that secures a purchase money obligation incurred with respect to that collateral.” § 400.9- 103(a)(1).
Purchase-money collateral means goods or software that secures a purchase- money obligation incurred with respect to that collateral.” KRS 355.9-103(1).
Purchase-money collateral means goods or software that secures a pur- chase-money obligation incurred with respect to that collateral.
Purchase-money collateral means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and (2) "purchase-money obligation" means an obligation of an obligor incurred as all or part of the price of the collateral or for value given to enable the debtor to acquire rights in or the use of the collateral if the value is in fact so used. (b) A security interest in goods is a purchase-money security interest: (1) to the extent that the goods are purchase-money collateral with respect to that security interest; (2) if the security interest is in inventory that is or was purchase-money collateral, also to the extent that the security interest secures a purchase-money obligation incurred with respect to other inventory in which the secured party holds or held a purchase- money security interest; and (3) also to the extent that the security interest secures a purchase-money obligation incurred with respect to software in which the secured party holds or held a purchase- money security interest. (c) A security interest in software is a purchase-money security interest to the extent that the security interest also secures a purchase-money obligation incurred with respect to goods in which the secured party holds or held a purchase-money security interest if: