Receivable Collateral definition

Receivable Collateral means, collectively, the Borrower Receivables, Collections, the Collections Account, the Loan Account, the Originating Documentation, the Related Agreements and, in each case, the proceeds thereof.
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Receivable Collateral refers to that portion of the Collateral which consists of Borrowers' Accounts and Accounts Receivable, Chattel Paper, instruments, documents of title; whether now existing or hereafter arising, and the products and proceeds thereof;
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Receivable Collateral means all rights, interests and claims of Borrower under and in respect of Finance Receivables and Additional Loan/Lease Receivables, whether now existing or hereafter acquired or arising, including (i) all rights of Borrower in, to and under the Operating Agreement, and any other agreement, contract, instrument, collateral document or other document to which Borrower now or hereafter is a party or now or hereafter issued in its favor, relating to or evidencing the Receivable Collateral or the servicing thereof, as each such agreement, contract, instrument, collateral document or other document may be amended, modified, renewed or extended from time to time; (ii) all rights of Borrower to receive moneys and other payments and distributions due or to become due with respect to any Receivable Collateral; (iii) all rights of Borrower to receive proceeds of any insurance, indemnity, warranty, letter of credit or guaranty with respect to any Receivable Collateral; (iv) all claims of Borrower for damages arising out of any breach or default under or in respect of any Receivable Collateral; and (v) the right of Borrower to terminate, amend, supplement or modify any such agreement, contract, insurance policy, indemnity agreement, guaranty, letter of credit, instrument, collateral document or other document, to perform thereunder and to compel performance and otherwise exercise all rights and remedies thereunder; PROVIDED, HOWEVER, that "Receivable Collateral" shall not include Released Collateral or any proceeds of Released Collateral, or the right, title or interest of Borrower in or to the NCB Loan Purchase Agreement, the Guaranty and any other documents, instruments and agreements executed or delivered in connection with the transactions contemplated by the NCB Loan Purchase Agreement.
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Examples of Receivable Collateral in a sentence

  • Borrower has full right, power and authority to make this assignment of the Accounts Receivable Collateral and hereafter will not pledge, hypothecate, grant a security interest in, sell, assign, transfer, or otherwise dispose of the Accounts Receivable Collateral, or any interest therein.

  • Each item of the Accounts Receivable Collateral arises or will arise under a contract between Borrower and the Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for, the Account Debtor.

  • The Borrower shall not make or own any Investment, except Investments in the Receivable Collateral.

  • Borrower has good title to the Accounts Receivable Collateral free and clear of all liens, security interests and encumbrances thereon other than any Permitted Encumbrances, and no financing statement covering the Accounts Receivable Collateral is on file in any public office other than any evidencing Permitted Encumbrances.

  • Borrower has good title to its Accounts Receivable Collateral free and clear of all Liens thereon other than any Permitted Encumbrances, and no financing statement covering the Accounts Receivable Collateral is on file in any public office other than any evidencing Permitted Encumbrances.

  • Any assignment of the interests of Purchaser in the Purchased Receivables pursuant to any provision hereof shall also be deemed to be an assignment of any lien or security interest created hereby in the Purchased Receivable Collateral.

  • The Agent may, additionally, at any time in its sole discretion, enforce Grantor’s rights against the Account Debtors, including, without limitation, direct Account Debtors to make payments on the Accounts Receivable Collateral, or portions thereof, directly to the Agent and the Account Debtors are hereby authorized and directed to do so by a Grantor upon the Agent’s direction, and the funds so received shall be also deposited in the Collateral Reserve Account and applied as aforesaid.

  • Each item of its Accounts Receivable Collateral arises or will arise under a contract between an Account Debtor and it, or from the bona fide sale or delivery of goods to or performance of services for, an Account Debtor.

  • It has good title to its Accounts Receivable Collateral free and clear of all Liens other than any Permitted Encumbrances, and no financing statement covering its Accounts Receivable Collateral is on file in any public office other than any evidencing Permitted Encumbrances.

  • Borrower has full right, power and ------------------ authority to make this assignment of the Accounts Receivable Collateral and hereafter will not pledge, hypothecate, grant a security interest in, sell, assign, transfer, or otherwise dispose of the Accounts Receivable Collateral, or any interest therein.


More Definitions of Receivable Collateral

Receivable Collateral means the Transferred Receivables together with the other Property.
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Related to Receivable Collateral

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

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

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • 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.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Hedge Collateral Defined in Section 5.3(b).

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

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

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Receivable Reserves means, as of any date of determination, those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves for rebates, discounts, warranty claims, and returns) with respect to the Eligible Accounts or the Maximum Revolver Amount.