Characterization. The Receivables constitute (i) “tangible chattel paper” or “electronic chattel paper”, as the case may be, within the meaning of Section 9-102 of the NY UCC and the PA UCC and (ii) “chattel paper” within the meaning of Section 9-102 of the DE UCC. CNHICA has taken all steps necessary to perfect its security interest against the Obligor in the Financed Equipment securing the Receivables.
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Sources: Purchase Agreement (CNH Equipment Trust 2025-B), Purchase Agreement (CNH Equipment Trust 2025-B), Purchase Agreement (CNH Equipment Trust 2025-A)
Characterization. The Receivables constitute
(i) “tangible chattel paper” [or “electronic chattel paper”, as the case may be, ,] within the meaning of Section 9-102 of the NY UCC and the PA UCC and (ii) “chattel paper” within the meaning of Section 9-102 of the DE UCC. CNHICA has taken all steps necessary to perfect its security interest against the Obligor in the Financed Equipment securing the Receivables.
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