Description of Collateral definition
Description of Collateral. As used in this agreement, the term "Collateral" means all of the Debtor's property of the types indicated above and defined below, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located, including but not limited to any items listed on any schedule or list attached hereto. In addition, the term "Collateral" includes all "proceeds", "products" and "supporting obligations" (as such terms are defined in the "UCC", meaning the Uniform Commercial Code of Illinois, as in effect from time to time) of the Collateral indicated above, including but not limited to all stock rights, subscription rights, dividends, stock dividends, stock splits, or liquidating dividends, and all cash, accounts, chattel paper, "instrunments," "investment property," and "general intangibles" (as such terms are defined in the UCC) arising from the sale, rent, lease, casualty loss or other disposition of the Collateral, and any Collateral returned to, repossessed by or stopped in transit by the Debtor, and all insurance claims relating to any of the Collateral defined above). The term "Collateral" further includes all of the Debtor's right, title and interest in and to all books, records and data relating to the Collateral identified above, regardless of the form of media containing such information or data, and all software necessary or desirable to use any of the Collateral identified above or to access, retrieve, or process any of such information or data. Where the Collateral is in the possession of the Bank or the Bank's agent, the Debtor agrees to deliver to the Bank any property that represents an increase in the Collateral or profits or proceeds of the Collateral.
Description of Collateral. The Collateral covered by this agreement is all of the Debtor's property indicated above and defined below, present and future, including but not limited to any items listed on any schedule or list attached. Also included are all proceeds, including but not limited to stock rights, subscription rights, dividends, stock dividends, stock splits, or liquidating dividends, and all cash, accounts, chattel paper and general intangibles arising from the sale, rent, lease, casualty loss or other disposition of the Collateral, and any Collateral returned to, repossessed by or stopped in transit by the Debtor. Also included are the Debtor's books and records which relates to the Collateral. Where the Collateral is in the possession of the Bank, the Debtor agrees to deliver to the Bank any property which represents an increase in the Collateral or profits or proceeds of the Collateral.
Description of Collateral means a description of the Collateral owned at the time in question by Borrowers, containing such information as may be acceptable to EIF, and in legally sufficient form for creation of an EIF Lien thereon.
Examples of Description of Collateral in a sentence
WITNESS: Debtor: Name: Title: Description of Collateral: Select and Circle appropriate Number or Numbers.
Required Consents – entries in this column denote the waiver or consents required of a third party whose ownership interest have been pledged and described under Description of Collateral that must be obtained by NGC for the benefit of R▇▇▇▇▇ in order to comply with the requirements of the ARSA for the creation of effective and enforceable security interests in the collateral.
This Pledge Certificate is delivered pursuant to paragraph 1(a) of Exhibit A to Pledge Agreement (Description of Collateral).
SCHEDULE 10.10 – PAGE 3 US_Active\120558968\V-3 US_ACTIVE\122519032\V-4 SCHEDULE 10.11 ELIGIBLE VILLA UNIT QUALIFICATION DOCUMENTS With respect to any Villa Unit complex of a Borrower to be included as a Collateral Property, each of the following: (a) Description of Collateral Property.
Date Sold Collateral Sold Net Amount Applied to Indebtedness 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Collateral Status Worksheet Description of Collateral Lien Position Per Approval Letter Liquidated Remaining Abandoned 1 ☐ ☐ ☐ 2 ☐ ☐ ☐ 3 ☐ ☐ ☐ 4 ☐ ☐ ☐ 5 ☐ ☐ ☐ 6 ☐ ☐ ☐ 7 ☐ ☐ ☐ 8 ☐ ☐ ☐ 9 ☐ ☐ ☐ 10 ☐ ☐ ☐ 11 ☐ ☐ ☐ 12 ☐ ☐ ☐ 13 ☐ ☐ ☐ 14 ☐ ☐ ☐ 15 ☐ ☐ ☐ If any collateral is abandoned, complete the Abandonment of Collateral section beginning on last page.
More Definitions of Description of Collateral
Description of Collateral. As used in this agreement, the term "Collateral" means all of the Debtor's property whether owned individually or jointly with others of the types indicated above and defined below, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located, including but not limited to any items listed on any schedule or list attached hereto. In addition, the term "Collateral" includes all "proceeds," "products" and "supporting obligations" (as such terms are defined in the "UCC," meaning the Uniform Commercial Code of New York, as in effect from time to time) of the Collateral indicated above, including but not limited to all stock rights, subscription rights, dividends, stock dividends, stock splits, or liquidating dividends, and all cash, accounts, chattel paper, "instruments," "investment property," "financial assets," and "general intangibles" (as such terms are defined in the UCC) arising from the sale, rent, lease, casualty loss or other disposition of the Collateral, and any Collateral returned to, repossessed by or stopped in transit by the Debtor, and all insurance claims relating to any of the Collateral (defined above). The term "Collateral" further includes all of the Debtor's right, title and interest in and to all books, records and data relating to the Collateral identified above, regardless of the form of media containing such information or data, and all software necessary or desirable to use any of the Collateral identified above or to access, retrieve, or process any of such information or data. Where the Collateral is in the possession of the Bank or the Bank's agent, the Debtor agrees to deliver to the Bank any property that represents an increase in the Collateral or profits or proceeds of the Collateral.
Description of Collateral. The undersigned borrower ("Borrower") hereby grants to North Fork Bank (the "Bank") a security interest (see Right to Repossess Section below for explanation of "security interest") in the following described collateral ("Collateral"): ALL ASSETS OF THE BORROWER AS FURTHER DESCRIBED ON THE ATTACHED SCHEDULE A.
Description of Collateral. See Schedule "A" attached hereto and made a part hereof. Cost of Collateral...................$3,000,000.00 Collateral to be located at: Strouds Store #64- ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇, ▇▇ ▇▇▇▇▇ Strouds Store #▇▇- ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, #▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Reference is made to that certain Security Agreement No. 30-00018, dated July ____, 1996 (as it may be modified or amended, now or hereafter, called the "Security Agreement") between Lyon Credit Corporation ("Secured Party") and Strouds, Inc. ("Borrower"). All of the terms and provisions of the Security Agreement are hereby incorporated by reference into and made part of this Schedule to the same extent as if fully set forth herein. Borrower and Secured Party hereby agree to be bound by the terms and provisions, and hereby make, as if made as of the date hereof, the representations and warranties contained in the Security Agreement as each related to the Collateral described above. Borrower and Secured Party hereby agree that upon delivery of the Collateral described herein, Borrower has caused an authorized representative of Borrower to inspect the Collateral and the Collateral has been found to be in proper operating order and appearance conforming with the specifications and requirements of Borrower and Borrower confirms that such Collateral secures the Indebtedness by Borrower's acceptance of such Collateral by execution and delivery of a Delivery and Acceptance Certificate in the form annexed hereto as Appendix 1.
Description of Collateral. Original Amount: $_____________ Company to Deliver to: --------------------- Corrections or servicing functions: --------------------- --------------------- --------------------- The Companies agree that (a) these Warehouse Collateral Papers are delivered to the Companies solely for the purpose of making these corrections, (b) these Warehouse Collateral Papers are, and shall continue to be, subject to Lender Liens under the Warehouse Loan Documents, (c) the Companies shall hold these Warehouse Collateral Papers as bailee and trustee for the Seasoned Warehouse Agent, as agent and Representative of the Seasoned Warehouse Lenders, and (d) the Companies may not deliver any of these Warehouse Collateral Papers to a third party unless (i) it is necessary in order to complete the corrections, and (ii) the Companies notify that third party that the Warehouse Collateral Papers are, and continue to be, subject to Lender Liens under the Warehouse Loan Documents, and obtain from that third party its agreement to hold those Warehouse Collateral Papers as bailee and trustee for the Seasoned Warehouse Agent, as agent and Representative of the Seasoned Warehouse Lenders until they have been returned to the Custodian or the amount of the Borrowing Base attributable to the related Mortgage Loans or Land Contracts has been fully paid to Seasoned Warehouse Agent to be applied to the Obligations. The Companies agree to return possession of these papers to the Seasoned Warehouse Agent by no later than ten (10) days after their receipt by any of the Companies unless this box is checked [ ] to indicate that the Agent has consented (on a case by case basis) to the Companies' retaining such possession for a longer period, AND IN ANY EVENT TO RETURN POSSESSION OF THESE PAPERS TO THE SEASONED WAREHOUSE AGENT NO LATER THAN TWENTY-ONE (21) DAYS AFTER RECEIPT unless the Pledged Loans to which they relate are sooner redeemed in accordance with SECTION 9.3 of the Seasoned Warehouse Credit Agreement. On and as of the date of this receipt and agreement, the Companies certify, represent and warrant to the Seasoned Warehouse Agent, as agent and Representative of the Seasoned Warehouse Lenders, that (a) the Companies' representations and warranties in the Warehouse Loan Documents are true and correct in all material respects except to the extent that (i) a representation or warranty speaks to a specific date or (ii) the facts on which a representation or warranty is based have changed by trans...
Description of Collateral. All cash, deposit accounts, notes receivable, accounts, accounts receivable, instruments, Assignment of Note Payments and Security Agreement, payment intangibles, reserve for loss and dealer reserve for loss.
Description of Collateral. X/ Check if products of collateral are also covered. All of Debtor's present and future accounts, chattel paper, contracts, documents, equipment, fixtures, general intangibles, instruments, inventory and accessions to and proceeds of any of the foregoing including insurance proceeds as more fully described in Exhibit "A" Return Acknowledgment Copy to: ▇▇▇▇▇ ▇. ▇▇▇▇▇, Esquire DUANE, MORRIS & HECKSCHER ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ FORM REQUIREMENTS
Description of Collateral. As used in this agreement, the term "Collateral" means all of the Debtor's property whether owned individually or jointly with others of the types indicated above and defined below, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located, including but not limited to any items listed on any schedule or list attached hereto. In addition, the term "Collateral" includes all "proceeds," "products" and "supporting obligations" (as such terms are defined in the "UCC," meaning the Uniform Commercial Code of Texas, as in effect from time to time) of the Collateral indicated above, including but not limited to all stock rights, subscription rights, dividends, stock dividends, stock splits, or liquidating dividends, and all cash, accounts, chattel paper, "instruments," "investment property," "financial assets," and "general intangibles" (as such terms are defined in the UCC) arising from the sale, rent, lease, casualty loss or other disposition of the Collateral, and any Collateral returned to, repossessed by or stopped in transit by the Debtor, and all insurance claims relating to any of the Collateral (defined above). The term "Collateral" further includes all of the Debtor's right, title and interest in and to all books, records and data relating to the Collateral identified above, regardless of the form of media containing such information or data, and all software necessary or desirable to use any of the Collateral identified above or to access, retrieve, or process any of such information or data. Where the Collateral is in the possession of the Bank or the Bank's agent, the Debtor agrees to deliver to the Bank any property that represents an increase in the Collateral or profits or proceeds of the Collateral.