{"component": "definition", "props": {"groups": [{"samples": [{"hash": "ioPVBQ5xn7H", "uri": "/contracts/ioPVBQ5xn7H#purchase-money-security", "label": "Credit Agreement (Mariner Health Group Inc)", "score": 18.0, "published": true}, {"hash": "ecj81NZuWwP", "uri": "/contracts/ecj81NZuWwP#purchase-money-security", "label": "Credit Agreement (Mariner Health Group Inc)", "score": 18.0, "published": true}, {"hash": "4Gse0hiZTVj", "uri": "/contracts/4Gse0hiZTVj#purchase-money-security", "label": "Credit Agreement (Mariner Health Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "tangible-personal-property", "type": "clause", "offset": [31, 57]}, {"key": "loans-to", "type": "clause", "offset": [67, 75]}, {"key": "loan-party", "type": "clause", "offset": [78, 88]}, {"key": "payments-by-a", "type": "clause", "offset": [101, 114]}, {"key": "purchase-of", "type": "clause", "offset": [134, 145]}], "snippet": "Interest shall mean Liens upon tangible personal property 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"type": "clause", "offset": [155, 182]}], "snippet": "means any Security created or to be created by the Borrower or any Obligor over or affecting any asset described in paragraph (a)(i) of the definition of \u201cPurchase Money Indebtedness\u201d where:", "size": 5, "hash": "553c058ec930027b07e26dc5c6861da1", "id": 2}, {"samples": [{"hash": "hhv0LliE5xR", "uri": "/contracts/hhv0LliE5xR#purchase-money-security", "label": "General Security Agreement (Universe2u Inc)", "score": 18.0, "published": true}, {"hash": "e8EApjmM9mP", "uri": "/contracts/e8EApjmM9mP#purchase-money-security", "label": "General Security Agreement (Universe2u Inc)", "score": 18.0, "published": true}, {"hash": "5xCtVxyOi8B", "uri": "/contracts/5xCtVxyOi8B#purchase-money-security", "label": "General Security Agreement (Universe2u Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "by-operation-of-law", "type": "clause", "offset": [67, 86]}, {"key": "in-favour-of", "type": "definition", "offset": 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"type": "clause", "offset": [823, 839]}, {"key": "any-debt", "type": "definition", "offset": [974, 982]}, {"key": "guaranteed-by", "type": "clause", "offset": [994, 1007]}, {"key": "any-loan", "type": "clause", "offset": [1008, 1016]}, {"key": "parties-are", "type": "clause", "offset": [1040, 1051]}, {"key": "another-person", "type": "definition", "offset": [1071, 1085]}, {"key": "debt-of", "type": "definition", "offset": [1143, 1150]}, {"key": "the-value", "type": "clause", "offset": [1208, 1217]}, {"key": "other-consideration", "type": "clause", "offset": [1246, 1265]}, {"key": "consideration-to-be-paid", "type": "clause", "offset": [1331, 1355]}, {"key": "in-connection-with", "type": "clause", "offset": [1356, 1374]}, {"key": "before-paying", "type": "clause", "offset": [1724, 1737]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [1808, 1826]}, {"key": "the-purchase-price", "type": "clause", "offset": [1860, 1878]}, {"key": "purchase-price-paid", "type": "clause", "offset": [2014, 2033]}, {"key": "permitted-acquisitions", "type": "clause", "offset": [2073, 2095]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [2096, 2116]}, {"key": "purchasing-bank", "type": "definition", "offset": [2153, 2168]}, {"key": "a-bank", "type": "clause", "offset": [2180, 2186]}, {"key": "a-party", "type": "clause", "offset": [2201, 2208]}, {"key": "assignment-and-assumption-agreement", "type": "clause", "offset": [2259, 2294]}], "snippet": "Interest shall mean Liens upon tangible -------------------------------- personal property securing loans to a Loan Party or deferred payments by a Loan Party in either case, for the purchase of such tangible personal property. Purchase Price shall mean, with respect to any Permitted -------------- Acquisition by the Loan Parties, the sum of (i) cash paid at closing, (ii) the amount of any deferred payments, which are not contingent on the financial performance of the business being acquired, (iii) the projected amount of any deferred payments which are contingent on the financial performance of the business being acquired following the acquisition, provided that it shall be assumed for purposes of such projection that the cash flow and other financial performance of the acquired business in each year after the acquisition date shall be the same as the financial performance of such business during the twelve (12) months preceding such date, (iv) the amount of any debt assumed or guaranteed by any Loan Party, (v) if the Loan Parties are acquiring stock of another person (whether by purchase, merger or otherwise) the amount of debt of such person outstanding after the acquisition, plus (vi) the value of any stock, securities or other consideration given by any of the Loan Parties in connection therewith. If the consideration to be paid in connection with a Permitted Acquisition includes deferred payments which are contingent on the financial performance of the acquired business after the acquisition, the Loan Parties shall compare the amount of deferred payments which the Loan Parties actually pay (or which become ascertainable if the Loan Parties can ascertain the amount of any deferred payments before paying them) with the amount which the Loan Parties projected they would pay pursuant to clause (iii) in the preceding sentence. The Purchase Price in connection with such acquisition shall be deemed to increase by the amount of such excess for purposes of determining the aggregate Purchase Price paid by the Loan Parties in connection with Permitted Acquisitions pursuant to Sections 8.02(f)(iii)(v) and 8.02(f)(iv)(x). Purchasing Bank shall mean a Bank which becomes a party to this --------------- Agreement by executing an Assignment and Assumption Agreement.", "size": 5, "hash": "cfe8c28be9039a087bd77ba2740d632a", "id": 4}, {"samples": [{"hash": "hEbcTTizrLE", "uri": "/contracts/hEbcTTizrLE#purchase-money-security", "label": "General Agreement (Birch Telecom Inc /Mo)", "score": 18.0, "published": true}, {"hash": "g8Mpo0gBq6o", "uri": "/contracts/g8Mpo0gBq6o#purchase-money-security", "label": "General Agreement (Birch Telecom Inc /Mo)", "score": 18.0, "published": true}], "snippet_links": [{"key": "customer-agrees-that", "type": "clause", "offset": [34, 54]}, {"key": "seller-shall", "type": "clause", "offset": [55, 67]}, {"key": "purchase-money-security-interest", "type": "clause", "offset": [75, 107]}, {"key": "all-products", "type": "definition", "offset": [111, 123]}, {"key": "licensed-materials", "type": "definition", "offset": [128, 146]}, {"key": "by-seller", "type": "clause", "offset": [201, 210]}, {"key": "this-agreement", "type": "clause", "offset": [217, 231]}, {"key": "payments-and-charges", "type": "clause", "offset": [250, 270]}, {"key": "installation-charges", "type": "definition", "offset": [347, 367]}, {"key": "paid-in-full", "type": "definition", "offset": [373, 385]}, {"key": "the-right", "type": "clause", "offset": [405, 414]}, {"key": "at-any-time", "type": "clause", "offset": [416, 427]}, {"key": "during-the-term", "type": "clause", "offset": [428, 443]}, {"key": "notice-to-customer", "type": "definition", "offset": [456, 474]}, {"key": "to-file", "type": "definition", "offset": [476, 483]}, {"key": "any-state", "type": "definition", "offset": [487, 496]}, {"key": "local-jurisdiction", "type": "clause", "offset": [500, 518]}, {"key": "financing-statements", "type": "definition", "offset": [524, 544]}, {"key": "as-seller", "type": "clause", "offset": [580, 589]}, {"key": "upon-request", "type": "definition", "offset": [665, 677]}, {"key": "agrees-to", "type": "clause", "offset": [705, 714]}, {"key": "all-documents", "type": "definition", "offset": [723, 736]}, {"key": "to-secure", "type": "clause", "offset": [747, 756]}, {"key": "including-without-limitation", "type": "clause", "offset": [799, 827]}, {"key": "other-documents", "type": "definition", "offset": [843, 858]}, {"key": "reasonably-necessary", "type": "clause", "offset": [872, 892]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [894, 923]}, {"key": "of-customer", "type": "clause", "offset": [935, 946]}, {"key": "required-security", "type": "clause", "offset": [958, 975]}, {"key": "for-purposes-of", "type": "clause", "offset": [1064, 1079]}, {"key": "prepared-by", "type": "definition", "offset": [1152, 1163]}, {"key": "designated-agent", "type": "clause", "offset": [1178, 1194]}, {"key": "of-the-seller", "type": "clause", "offset": [1406, 1419]}, {"key": "in-addition-to", "type": "clause", "offset": [1461, 1475]}, {"key": "other-remedy", "type": "clause", "offset": [1480, 1492]}, {"key": "to-seller", "type": "definition", "offset": [1503, 1512]}, {"key": "common-law", "type": "clause", "offset": [1536, 1546]}, {"key": "right-to-reclaim", "type": "clause", "offset": [1587, 1603]}, {"key": "sold-to", "type": "clause", "offset": [1640, 1647]}, {"key": "pursuant-to", "type": "definition", "offset": [1657, 1668]}, {"key": "applicable-provision", "type": "clause", "offset": [1691, 1711]}, {"key": "discovery-of", "type": "clause", "offset": [1754, 1766]}, {"key": "in-writing", "type": "definition", "offset": [1814, 1824]}, {"key": "after-receipt-of", "type": "clause", "offset": [1872, 1888]}, {"key": "by-customer", "type": "clause", "offset": [1900, 1911]}, {"key": "day-period", "type": "definition", "offset": [1933, 1943]}, {"key": "commencement-of", "type": "clause", "offset": [1962, 1977]}, {"key": "bankruptcy-case", "type": "clause", "offset": [1980, 1995]}, {"key": "by-the-customer", "type": "clause", "offset": [2049, 2064]}, {"key": "lucent-technologies", "type": "definition", "offset": [2066, 2085]}], "snippet": "INTEREST:\n(a) Seller reserves and Customer agrees that Seller shall have a purchase money security interest in all Products and Licensed Materials heretofore supplied or hereafter supplied to Customer by Seller under this Agreement until any and all payments and charges due Seller under this Agreement including, without limitation, shipping and installation charges, are paid in full. Seller shall have the right, at any time during the Term and without notice to Customer, to file in any state or local jurisdiction such financing statements (e.g., UCC-l financing statements) as Seller deems necessary to perfect its purchase money security interest hereunder. Upon request by Seller, Customer hereby agrees to execute all documents necessary to secure Seller's purchase money security interest including without limitation, UCC-1 or such other documents Seller deems reasonably necessary. Notwithstanding the foregoing obligation of Customer to execute required security interest documents, Customer hereby irrevocably appoints Seller as its attorney-in-fact for purposes of executing and filing such financing statements and such other documents prepared by Seller or its designated agent for purposes of perfecting Seller's security interest hereunder. Customer also agrees that this Agreement may be filed by Seller in any state or local jurisdiction as a financing statement (or as other evidence of the Seller's purchase money security interest).\n(b) In addition to any other remedy available to Seller as provided herein, by common law and by statute, Seller may exercise its right to reclaim all Products and Licensed Materials sold to Customer pursuant to UCC-702 or such other applicable provision as it may exist from state to state, upon discovery of Customer's insolvency, provided Seller demands in writing reclamation of such goods before ten (10) days after receipt of such goods by Customer, or if such ten (10) day period expires after the commencement of a bankruptcy case, before twenty (20) days after receipt of such goods by the Customer. Lucent Technologies Proprietary", "size": 5, "hash": "782d9fec4f4e2d1fe0fbacbce1a23734", "id": 5}, {"samples": [{"hash": "ldVYX6CJ7eq", "uri": "/contracts/ldVYX6CJ7eq#purchase-money-security", "label": "Credit Agreement", "score": 22.6837787628, "published": true}, {"hash": "crWWyvWUjvQ", "uri": "/contracts/crWWyvWUjvQ#purchase-money-security", "label": "Credit Agreement", "score": 22.6837787628, "published": true}], "snippet_links": [{"key": "to-secure", "type": "clause", "offset": [34, 43]}, {"key": "obligations-assumed", "type": "clause", "offset": [44, 63]}, {"key": "provide-funds", "type": "clause", "offset": [93, 106]}, {"key": "to-pay", "type": "clause", "offset": [107, 113]}, {"key": "the-purchase-price", "type": "clause", "offset": [115, 133]}, {"key": "provided-that", "type": "definition", "offset": [151, 164]}, {"key": "the-property", "type": "clause", "offset": [189, 201]}, {"key": "the-acquisition", "type": "clause", "offset": [267, 282]}], "snippet": "means any Lien granted or assumed to secure obligations assumed as a part of, or incurred to provide funds to pay, the purchase price of any property, provided that such Lien is limited to the property so acquired and is created, granted or assumed concurrently with the acquisition of such property;", "size": 3, "hash": "6e5d2b22bb380af695cc8087bfe68fcc", "id": 6}, {"samples": [{"hash": "d2UfJ8ulyXR", "uri": "/contracts/d2UfJ8ulyXR#purchase-money-security", "label": "Credit Agreement (Frankly Inc)", "score": 26.0280628204, "published": true}, {"hash": "aFLRW7q0DTz", "uri": "/contracts/aFLRW7q0DTz#purchase-money-security", "label": "Credit Agreement (Frankly Inc)", "score": 25.8692684174, "published": true}], "snippet_links": [{"key": "security-interest-created", "type": "clause", "offset": [10, 35]}, {"key": "an-obligor", "type": "clause", "offset": [50, 60]}, {"key": "to-secure", "type": "clause", "offset": [61, 70]}, {"key": "the-property", "type": "clause", "offset": [109, 121]}], "snippet": "means any Security Interest created or assumed by an Obligor to secure PMSI Obligations that extends only to the Property that the Obligor acquired or leased in incurring or assuming those PMSI Obligations, and the identifiable or traceable proceeds of that Security Interest.", "size": 2, "hash": "35d76a371900a295ca1110ef25b8778a", "id": 7}, {"samples": [{"hash": "25y3ZEgSPBx", "uri": "/contracts/25y3ZEgSPBx#purchase-money-security", "label": "Revolving Credit Facility (Glatfelter P H Co)", "score": 18.5941143036, "published": true}, {"hash": "aVLIitYxNV9", "uri": "/contracts/aVLIitYxNV9#purchase-money-security", "label": "Revolving Credit Facility (Glatfelter P H Co)", "score": 18.3340187073, "published": true}], "snippet_links": [{"key": "tangible-personal-property", "type": "clause", "offset": [31, 57]}, {"key": "loans-to", "type": "clause", "offset": [67, 75]}, {"key": "loan-party", "type": "clause", "offset": [80, 90]}, {"key": "a-loan", "type": "definition", "offset": [108, 114]}, {"key": "payments-by", "type": "clause", "offset": [133, 144]}, {"key": "purchase-of", "type": "clause", "offset": [183, 194]}, {"key": "provided-that", "type": "definition", "offset": [228, 241]}, {"key": "security-interest", "type": "definition", "offset": [247, 264]}, {"key": "purchase-price", "type": "definition", "offset": [411, 425]}, {"key": "purchasing-lender", "type": "definition", "offset": [448, 465]}, {"key": "a-lender", "type": "definition", "offset": [477, 485]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [502, 525]}, {"key": "assignment-and-assumption-agreement", "type": "clause", "offset": [542, 577]}, {"key": "receivables-entity", "type": "definition", "offset": [579, 597]}, {"key": "reference-currency", "type": "definition", "offset": [662, 680]}, {"key": "the-definition-of", "type": "definition", "offset": [729, 746]}, {"key": "equivalent-amount", "type": "clause", "offset": [747, 764]}], "snippet": "INTEREST shall mean Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property, provided that such security interest does not encumber any asset not thereby purchased, and provided further that such security interest does not secure obligations in excess of such purchase price or deferred payments. PURCHASING LENDER shall mean a Lender which becomes a party to this Agreement by executing an Assignment and Assumption Agreement. RECEIVABLES ENTITY shall have the meaning assigned to such term in Section 7.2.17. REFERENCE CURRENCY shall have the meaning assigned to such term in the definition of Equivalent Amount.", "size": 2, "hash": "4b93a232795d3a90ec7d5cac9a7e7fb6", "id": 8}, {"samples": [{"hash": "kNiktoXLMgy", "uri": "/contracts/kNiktoXLMgy#purchase-money-security", "label": "Facility Agreement (Las Vegas Sands Corp)", "score": 33.120464325, "published": true}, {"hash": "5n12dy1BuC0", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0001300514/ca2be42a-c6bc-4bb7-8dc8-3b95835c45a7.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 11.4106779099, "published": false}], "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [44, 59]}, {"key": "the-definition-of", "type": "definition", "offset": [136, 153]}], "snippet": "means any Security created or to be created by the Borrower or any Obligor over or affecting any asset described in paragraph (a)(i) of the definition of", "size": 2, "hash": "78136e9ca1a994f94a994fb2b489cf82", "id": 9}, {"samples": [{"hash": "6gdGizkVonT", "uri": "/contracts/6gdGizkVonT#purchase-money-security", "label": "Credit Agreement (Audio Communications Network Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "loans-to", "type": "clause", "offset": [100, 108]}, {"key": "loan-party", "type": "clause", "offset": [113, 123]}, {"key": "a-loan", "type": "definition", "offset": [141, 147]}, {"key": "payments-by", "type": "clause", "offset": [166, 177]}, {"key": "purchase-of", "type": "clause", "offset": [216, 227]}, {"key": "tangible-personal-property", "type": "clause", "offset": [233, 259]}, {"key": "purchasing-bank", "type": "definition", "offset": [261, 276]}, {"key": "a-bank", "type": "clause", "offset": [288, 294]}, {"key": "a-party", "type": "clause", "offset": [309, 316]}, {"key": "assignment-and-assumption-agreement", "type": "clause", "offset": [367, 402]}, {"key": "ratable-share", "type": "clause", "offset": [404, 417]}, {"key": "the-commitments", "type": "clause", "offset": [492, 507]}, {"key": "the-banks", "type": "clause", "offset": [518, 527]}, {"key": "reference-bank", "type": "definition", "offset": [529, 543]}, {"key": "pnc-bank", "type": "definition", "offset": [555, 563]}], "snippet": "Interest shall mean Liens upon tangible personal -------------------------------- property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property. Purchasing Bank shall mean a Bank which becomes a party to this --------------- Agreement by executing an Assignment and Assumption Agreement. Ratable Share shall mean the proportion that a Bank's Commitment bears ------------- to the Commitments of all of the Banks. Reference Bank shall mean PNC Bank. --------------", "size": 2, "hash": "76be974d20472b97f6caf08623a16d2a", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIgcHVyY2hhc2UtbW9uZXktc2VjdXJpdHkjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Purchase Money Security", "snippet": "Interest shall mean Liens upon tangible personal property securing loans to a Loan Party or deferred payments by a Loan Party for the purchase of such tangible personal property.", "size": 48, "id": "purchase-money-security", "examples": ["In the absence of any payment allocation by the Seller, payment will be deemed to be allocated in such manner as preserves the maximum value of the Seller\u2019s <strong>Purchase Money Security</strong> Interest (as defined in the PPSA) in the Goods.", "In the absence of any payment allocation by the Contractor, payment will be deemed to be allocated in such manner as preserves the maximum value of the Contractor\u2019s <strong>Purchase Money Security</strong> Interest (as defined in the PPSA) in the Materials.", "Purchaser hereby grants Vendor a <strong>Purchase Money Security</strong> Interest (as defined in applicable statute) in the Goods and all proceeds thereof.", "In the absence of any payment allocation by the Supplier, payment will be deemed to be allocated in such manner as preserves the maximum value of the Supplier\u2019s <strong>Purchase Money Security</strong> Interest (as defined in the PPSA) in the Goods.", "In consideration of selling steel related products and services, the purchaser hereby grants as security for credit terms, a <strong>Purchase Money Security</strong> Interest in all steel related products and services sold to the Purchaser and Security Interest in the balance of all the personal property which is in, or will be in the possession of the Purchaser and its agent.", "This security interest is intended to be a <strong>Purchase Money Security</strong> Interest in inventory, and Customer authorizes \u2587\u2587\u2587\u2587\u2587\u2587\u2587 to send proper notice thereof to any secured parties with conflicting security interests in Customer\u2019s inventory as permitted under the Uniform Commercial Code.", "The portion of the Property purchased with loan proceeds will remain subject to the <strong>Purchase Money Security</strong> Interest until the Secured Debts are paid in full.", "Purchaser hereby grants to Strad a <strong>Purchase Money Security</strong> Interest (\u201cPMSI\u201d), as that term is defined in applicable statutes, in all Goods delivered to Purchaser pursuant to this Contract and all proceeds thereof.", "In the absence of any payment allocation by the Supplier, payment will be deemed to be allocated in such manner as preserves the maximum value of the Supplier\u2019s <strong>Purchase Money Security</strong> Interest (as defined in the PPSA) in the Goods/Equipment.", "Buyer acknowledges and agrees that: (i) it has, pursuant to these terms, granted to WG a Security Interest (as defined in section 12 of the Personal Property Securities Act \u201cPPSA\u201d) in the Products, including where applicable, a <strong>Purchase Money Security</strong> Interest, which interest(s) secures all of the Buyer\u2019s present and future obligations owed to WG, and (ii) Buyer shall render all assistance necessary to enable WG to register, maintain and enforce WG\u2019s perfected Security Interest."], "related": [["purchase-money-note", "Purchase Money Note", "Purchase Money Note"], ["purchase-money-security-interest", "Purchase Money Security Interest", "<strong>Purchase Money Security</strong> Interest"], ["purchase-money-lien", "Purchase Money Lien", "Purchase Money Lien"], ["purchase-money-liens", "Purchase Money Liens", "Purchase Money Liens"], ["purchase-money-debt", "Purchase Money Debt", "Purchase Money Debt"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00"}, "json": true, "cursor": ""}}