Common use of Instrument Clause in Contracts

Instrument. Each Mortgage Note is comprised of one original promissory note and each such promissory note constitutes an “instrument” for purposes of Section 9-102(a)(65) of the UCC.

Appears in 8 contracts

Sources: Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1), Pooling and Servicing Agreement (Jpmac 2006-Acc1), Pooling Agreement (Jpmac 2006-Cw1)