| | | (1)__As used in this section, unless the context otherwise | | indicates, the following terms have the following meanings. |
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| | | (a)__"Purchase-money collateral" means goods or software | | that secures a purchase-money obligation incurred with | | respect to that collateral; and |
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| | | (b)__"Purchase-money obligation" means an obligation of an | | obligor incurred as all or part of the price of the | | collateral or for value given to enable the debtor to | | acquire rights in or the use of the collateral if the value | | is in fact so used. |
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| | | (2)__A security interest in goods is a purchase-money security | | interest: |
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| | | (a)__To the extent that the goods are purchase-money | | collateral with respect to that security interest; |
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| | | (b)__If the security interest is in inventory that is or was | | purchase-money collateral, also to the extent that the | | security interest secures a purchase-money obligation | | incurred with respect to other inventory in which the | | secured party holds or held a purchase-money security | | interest; and |
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| | | (c)__Also to the extent that the security interest secures a | | purchase-money obligation incurred with respect to software | | in which the secured party holds or held a purchase-money | | security interest. |
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| | | (3)__A security interest in software is a purchase-money | | security interest to the extent that the security interest also | | secures a purchase-money obligation incurred with respect to | | goods in which the secured party holds or held a purchase-money | | security interest if: |
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| | | (a)__The debtor acquired its interest in the software in an | | integrated transaction in which it acquired an interest in | | the goods; and |
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| | | (b)__The debtor acquired its interest in the software for | | the principal purpose of using the software in the goods. |
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| | | (4)__The security interest of a consignor in goods that are | | the subject of a consignment is a purchase-money security | | interest in inventory. |
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| | | (5)__In a transaction other than a consumer-goods transaction, | | if the extent to which a security interest is a |
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