; by (B) the population of the territory (based on the most recent data available from the Bureau of the Census). (8) Proceeds The term proceeds means— (A) whatever is acquired upon the sale, lease, license, exchange, or other disposition of collateral; or (B) whatever is collected on, or distributed on account of, collateral. (9) Qualifying territory The term qualifying territory means a territory that meets not less than two of the following qualifications: (A) The population of the territory, based on the most recent data available from the Bureau of the Census, has decreased by more than 5 percent during the 10-year period ending on the date of a discharge under section 101. (B) The territory has received major disaster assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5121 et seq.) during the 5-year period ending on the date of a discharge under section 101. (C) The per capita debt of the territory is greater than $15,000 (as adjusted annually to reflect the percentage change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor). (10) Security agreement The term security agreement means an agreement or resolution that creates or provides for a security interest. (11) Secured financial obligation The term secured financial obligation means any financial obligation to the extent of the value of any collateral pledged by a qualifying territory or an instrumentality of a qualifying territory to secure the repayment of the financial obligation pursuant to a valid and perfected security interest under applicable territorial law, not including— (A) any property acquired or anticipated to be acquired by a qualifying territory or an instrumentality of a qualifying territory after the date of a discharge under section 101, even if that property, when acquired, would have become collateral subject to a security interest