Secured Counterparty Primary Collateral

Secured Counterparty Primary Collateral. Means, with respect to each Secured Counterparty, all rights, whether now owned or hereafter acquired, and proceeds therefrom under (a) all contracts of the Borrower or any of its Subsidiaries for the sale of electricity or gas or related products on a fixed price basis to one of such Loan Party's customers (i) for which such Secured Counterparty provides (A) any of the electricity or gas or related products or (B) commodity price hedging or futures sales of commodities, and (ii) in which a... Lien is granted or purported to be granted to such Secured Counterparty as security for any Secured Counterparty Obligation owing to such Secured Counterparty, excluding, however, accounts (as defined in the UCC) with respect to such contracts, whether now owned or hereafter acquired, and all proceeds from such accounts and (b) all Collateral Accounts and Collateral Account Property. View More