Filing 2011F053427
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Why this score
No scored reasons on record.
Lien timeline 1 event
- · Lien filedMERCHANTS CAPITAL ACCESS
Collateral, as filed
Filing 2011F053427
General Description
ALL FUTURE CREDIT CARD, DEBIT CARD, BANK CARD AND/OR OTHER CHARGE CARD RECEIVABLES DUE TO DEBTOR FROM ITS EXCLUSIVE CREDIT CARD PROCESSOR DESIGNATED IN WRITING BY SECURED PARTY ("FUTURE CREDIT CARD RECEIVABLES") PURSUANT TO THE AGREEMENT FOR PURCHASE AND SALE OF FUTURE CREDIT CARD RECEIVABLES (THE "AGREEMENT") EFFECTED AS OF OCTOBER 14, 2011 BETWEEN DEBTOR AND SECURED PARTY, AS AMENDED, RESTATED, SUPPLEMENTED OR AS OTHERWISE FROM TIME TO TIME CONSTITUTED (COLLECTIVELY, THE "COLLATERAL"). PURSUANT TO THE AGREEMENT, THE SALE OF FUTURE CREDIT CARD RECEIVABLES OF DEBTOR IS AND IS INTENDED TO BE A SALE AND NOT AN ASSIGNMENT FOR SECURITY AND THAT DEBTOR IS PROHIBITED FROM ENCUMBERING OR OTHERWISE TRANSFERRING TO ANY OTHER PERSON, FIRM OR ENTITY, OR GRANTING ANY OTHER SECURITY INTERESTS IN, ANY OF ITS FUTURE CREDIT CARD RECEIVABLES UNTIL SECURITY PARTY HAS RECEIVED ALL AMOUNTS DUE UNDER THE AGREEMENT.