07UCC Terms Clause Samples

The "07UCC Terms" clause establishes that the terms and conditions of the agreement are governed by the Uniform Commercial Code (UCC), specifically referencing Article 2, which regulates the sale of goods. In practice, this means that the rights, obligations, and remedies of the parties—such as delivery, payment, warranties, and remedies for breach—are interpreted and enforced according to the UCC's standardized rules. By invoking the UCC, the clause ensures consistency and predictability in commercial transactions, reducing ambiguity and providing a clear legal framework for resolving disputes.
07UCC Terms. Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect.
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Related to 07UCC Terms

  • UCC Terms Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect.

  • Specific Terms Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: