Collateral Security

Collateral Security. Means any security, collateral, encumbrances, chattel mortgages, conditional contracts of sale, leases, liens, or security interests.

Collateral Security. With respect to any Receivable, (i) the security interest, if any, granted by or on behalf of the related Dealer in the related Products or Accounts Receivable that, in each case, constitute the primary collateral for such Receivable, but does not include secondary collateral such as personal property, personal guarantees, mortgages on real estate, assignments of certificates of deposit, or letters of credit and (ii) all Records in respect of such Receivable.