Common use of Non-UCC Property Clause in Contracts

Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereof) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 4 contracts

Samples: Security Agreement (CURO Group Holdings Corp.), Security Agreement, Security Agreement (CURO Group Holdings Corp.)

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Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral (other than intellectual property) does not exceed $1,000,00010,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,00010,000,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and and, upon the request of the Collateral Agent, the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereofdays) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral such property (to the extent constituting Collateral) where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 3 contracts

Samples: Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc), Security Agreement (Silgan Holdings Inc)

Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and and, upon the request of the Collateral Agent, the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereofdays) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 2 contracts

Samples: Security Agreement (PAETEC Holding Corp.), Security Agreement (PAETEC Holding Corp.)

Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,0002,500,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,0002,500,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and and, upon the request of the Collateral Agent, the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereofdays) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 2 contracts

Samples: S. Security Agreement (Cooper-Standard Holdings Inc.), Security Agreement (Westborn Service Center, Inc.)

Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,0005,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,0005,000,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and and, upon the request of the Collateral Agent, the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereofdays) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 2 contracts

Samples: Security Agreement (Lee Enterprises, Inc), Us Security Agreement (Silgan Holdings Inc)

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Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types type described in clauses clause (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,0005,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,0005,000,000, the Assignors shall provide prompt written notice thereof to the First-Lien Collateral Agent and and, upon the request of the First-Lien Collateral Agent, the Assignors shall promptly (and in any event within 30 days of acquiring knowledge thereofdays) take such actions (at their own cost and expense) as may be required under the respective United States, State States or other laws laws, regulations or treaties referenced in Section 9-311(a311(a)(1) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a311(a)(1) of the UCC.

Appears in 1 contract

Samples: Security Agreement (EnerSys)

Non-UCC Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC and constituting Collateral does not exceed $1,000,000. If the aggregate value of all such property at any time owned by all Assignors and constituting Collateral exceeds $1,000,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and the Assignors shall promptly (and in any event within 30 days of after acquiring knowledge thereof) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC.

Appears in 1 contract

Samples: Security Agreement (CURO Group Holdings Corp.)

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