Description of Inventory. All present and future inventory, including trucks, trailers, chassis and glider kits, financed by Secured Party. For purposes hereof, inventory financed by Secured Party shall mean (i) any inventory for which Secured Party has made an advance to or on behalf of a Debtor to allow a Debtor to acquire or retain any rights therein (including payments to the seller thereof) or (ii) for which Secured Party has made an advance to, and at the request of, a Debtor secured by specific items of inventory, and for which there is any money owing to Secured Party in respect thereof.
Appears in 2 contracts
Sources: Wholesale Security Agreement (Rush Enterprises Inc \Tx\), Wholesale Security Agreement (Rush Enterprises Inc \Tx\)