Actions to Continue Effectiveness. We express no opinion as to any actions that may be required to be taken periodically under the New York UCC, the Delaware UCC or any other applicable law for the effectiveness of any financing statements, or the validity or perfection of any security interest, to be maintained.
Actions to Continue Effectiveness. We call to your attention to the following. In general, under Section 9515 of the UCC, a financing statement is effective for a period of five years from the date of filing. The effectiveness of a filed financing statement lapses upon the expiration of such period unless a continuation statement is filed prior to such lapse in accordance with the UCC. Upon such lapse the security interest in question would, in general, become unperfected. In general, a continuation statement may be filed within six months prior to the expiration of such five year period. Upon timely filing of a continuation statement in accordance with the UCC, the effectiveness of the original financing statement is continued for five years after the last date on which the filing was effective, whereupon such filing would lapse in the same manner unless another continuation is filed prior to such lapse. Succeeding continuation statements may be filed in the same way to continue the effectiveness of the financing statement.
Actions to Continue Effectiveness. We express no opinion as to any actions that may be required to be taken periodically under the Virginia UCC or any other law for the effectiveness of any financing statements, or the validity or perfection of any security interest, to be maintained.
Actions to Continue Effectiveness. We express no opinion as to any actions that may be required to be taken periodically under the Texas UCC, the Delaware UCC or any other applicable law subsequent to the filing of the UCC Financing Statement for the effectiveness of such Financing Statement, or the validity or perfection of any security interest, to be maintained.
Actions to Continue Effectiveness. We express no opinion as to any actions that may be required to be taken periodically under the North Carolina UCC or any other law for the effectiveness of any financing statements, or the validity or perfection of any security interest, to be maintained.
