Commercial Code Sample Clauses
The Commercial Code clause establishes that the terms and conditions of the agreement are governed by the relevant commercial laws or codes, such as the Uniform Commercial Code (UCC) in the United States. This clause typically specifies which jurisdiction’s commercial code applies, ensuring that the parties understand the legal framework for interpreting contract provisions related to sales, warranties, and remedies. Its core function is to provide legal certainty and consistency by referencing established commercial statutes, thereby reducing ambiguity and potential disputes over the interpretation of contractual obligations.
Commercial Code. No change to this provision shall be effective until all outstanding Certificates of Shares have been surrendered for cancellation and any new Certificates of Shares thereafter issued shall not bear the foregoing legend.
Commercial Code. Except as otherwise provided herein, this Agreement shall be governed by the Uniform Commercial Code as adopted in the State of California as effective and in force as of the date hereof.
Commercial Code. IRORI agrees to pay all fees, costs and expenses of RPR, including, without limitation, reasonable attorneys' fees, incurred in connection with the enforcement of any of its rights and remedies pertaining to this security interest.
Commercial Code. The Lender shall have no liability or duty, either before or after the occurrence of an Event of Default hereunder, on account of loss of or damage to, or to collect or enforce any of its rights against, the Collateral, or to preserve any rights against account debtors or other parties with prior interests in the Collateral.
Commercial Code. Tenant hereby authorizes Landlord, by and through its attorney, officers or other agent designated by Landlord, to execute and/or record a UCC-1 on Tenant’s behalf to perfect any security interest created under this Article, and Tenant shall reimburse Landlord for all fees or other costs incurred in connection with recording a UCC-1. Tenant agrees, upon the request of Landlord, if required by applicable law, to execute any and all documents which Landlord deems necessary or desirable in order to perfect such security interest, including, but not limited to, a UCC-1 financing statement (a “UCC-1”).
Commercial Code. Any terms used in this Agreement that are not defined in the Bankruptcy Code but are defined in the Commercial Code shall be construed and defined as set forth in the Commercial Code unless otherwise defined herein; provided, however, that to the extent that the Commercial Code is used to define any term herein and such term is defined differently in different Articles of the Commercial Code, the definition of such term contained in Article 9 of the Commercial Code shall govern.
Commercial Code. The Uniform Commercial Code (Florida Statutes, Chapter 672) shall prevail as the basis for contractual obligations between the CONTRACTOR and the COUNTY for any terms and conditions not specifically stated in this Contract.
Commercial Code. In addition and without limitation, the Collateral Agent and Lenders may exercise any one or more of the following rights and remedies: