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Agenda - 11-13-2018 8-e - Nonprofit Capital Funding Loan Agreement
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Agenda - 11-13-2018 8-e - Nonprofit Capital Funding Loan Agreement
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11/8/2018 2:04:34 PM
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BOCC
Date
11/13/2018
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8-e
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Agenda - 11-13-2018 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 11-13-2018 Regular Meeting
Minutes 11-13-2018
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\Board of County Commissioners\Minutes - Approved\2010's\2018
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35 <br /> EXHIBIT B — DESCRIPTION OF COLLATERAL <br /> The "COLLATERAL" is all of the following: <br /> 1. All personal property acquired by , Inc., with funds loaned by the <br /> COUNTY pursuant to this AGREEMENT, all personal property obtained in <br /> substitution or replacement therefore, and all personal property obtained in <br /> substitution or replacement for any portion of the Mortgaged Property and all <br /> proceeds of the foregoing (collectively, the "Purchased Equipment"). This <br /> Agreement is a purchase money security agreement with respect to the <br /> Purchased Equipment. The parties expect that the Purchased Equipment will <br /> include the following: <br /> 2. All goods including but not limited to furniture and general intangibles whether <br /> now owned or hereafter acquired and wherever located. Excluding fixtures <br /> 3. Equipment, including all Accessions thereto, and all manufactures warranties, <br /> parts and tools therefore. <br /> 4. Inventory, including all returned inventory. <br /> 5. Accounts, including contract rights and health-care-insurance receivables. <br /> 6. Vehicles, including all manufacturers warranties and parts therefore. <br /> 7. Franchise Agreements. <br /> 8. General intangibles, including Payment Intangibles, copyrights, trademarks, <br /> patents, trade names, tax refunds, company records (paper and electronic), right <br /> under equipment leases, warranties software licenses. <br /> 9. To the Extent not listed above as original collateral, all proceeds (cash and non- <br /> cash) and products of the foregoing. <br /> NOTICE-Pursuant to an Agreement between debtor and secured party, debtor has <br /> agreed not to further encumber the collateral described herein. The further <br /> encumbrance of which may constitute interference with secured party's right by such <br /> encumbrance. <br /> (initial) <br /> Page 1 of 1 <br />
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