REVISED UCC Sample Clauses

REVISED UCC. ARTICLE 9. The Agent, the Lenders, and the Borrowers hereby agree as follows:
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REVISED UCC. Each Borrower hereby agrees, in anticipation of the possible application, in one or more jurisdictions, to the transactions contemplated by the Agreement and the Security Agreement, of the Revised Article 9 of the Uniform Commercial Code in the form or substantially in the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Laws and contained in the 2000 official text of Revised Article 9 ("Revised Article 9"), as follows:
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REVISED UCC. ARTICLE 9. The parties to this Agreement acknowledge that Revised Article 9 became effective in the State of Texas and in various other Enactment States on July 1, 2001, and that it may be adopted and become effective in one or more other Enactment States at any time thereafter. In anticipation of the effectiveness of Revised Article 9 in any Enactment State and its resulting application to the Loan Documents or any matters contemplated thereby, the Agent, the Lenders, and the Borrowers hereby agree as follows:
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REVISED UCC. Article 9. With respect to any jurisdiction in --------------------- which Revised Article 9 of the UCC is not in effect as of the Closing Date, promptly after the effective date of Revised Article 9 in each applicable jurisdiction the Loan Parties shall deliver to Agent opinions of counsel (which opinions shall be reasonably satisfactory in form and substance to Agent) in such jurisdictions to the effect that, after the respective effective date of Revised Article 9, the security interests of Agent securing the Obligations of the Loan Parties hereunder and under the other Loan Documents are perfected security interests under applicable law.
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Related to REVISED UCC

  • UCC The Trustee agrees to file continuation statements for any Uniform Commercial Code financing statements which the Seller has informed the Trustee were filed on the Closing Date in connection with the Trust. The Seller shall file any financing statements or amendments thereto required by any change in the Uniform Commercial Code.

  • Uniform Commercial Code Terms All terms used herein and defined in the Uniform Commercial Code as adopted in the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein. Without limiting the foregoing, the terms “accounts”, “chattel paper” (and “electronic chattel paper” and “tangible chattel paper”), “commercial tort claims”, “deposit accounts”, “documents”, “equipment”, “financial asset”, “fixtures”, “general intangibles”, “goods”, “instruments”, “inventory”, “investment property”, “letter-of-credit rights”, “payment intangibles”, “proceeds”, “promissory note” “securities”, “software” and “supporting obligations” as and when used in the description of Collateral shall have the meanings given to such terms in Articles 8 or 9 of the Uniform Commercial Code. To the extent the definition of any category or type of collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the date of such amendment, modification or revision.

  • Uniform 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 Invitation for Bids.

  • PPSA 12.1 Terms used in clause 12 that are defined in the PPSA have the same meaning as in the PPSA. 12.2 Without limitation to other rights of the Company, from the time the Goods are in the possession of the Company or a Subcontractor, the Goods are subject to a continuing security interest in favour of the Company for the payment of all amounts due and owing by the Customer under the Agreement. 12.3 The Customer acknowledges and consents to the Company's registration and perfection of the Company's security interest under the Agreement for the purposes of the PPSA. 12.4 The Customer will not grant a security interest to another person, or allow any encumbrance to arise, in respect of the Goods. 12.5 To the extent permitted by law, the Customer irrevocably waives any right it may have to: (a) receive notices or statements under sections 95, 118, 121(4), 124(4), 125, 130, 132(3)(d) 132(4) and 135 of the PPSA; and (b) redeem the Goods under section 142 of the PPSA; (c) reinstate this Agreement under section 143 of the PPSA; and (d) receive a verification statement. 12.6 The Customer will do all things and execute all documents reasonably necessary to give effect to the security interest created under this Agreement or comply with any reasonable request by the Company in connection with the PPSA.

  • Terms Defined in UCC Terms defined in the UCC which are not otherwise defined in this Security Agreement are used herein as defined in the UCC.