Common use of UCC-1 Clause in Contracts

UCC-1. On the Initial Closing Date and any Subsequent Closing Date, as necessary, the agent (the “Collateral Agent”) assigned under the Security Agreement shall file a UCC-1 financing statement naming the Parent as debtor and the Buyers in such office or offices as may be necessary or desirable to perfect the security interests purported to be created by the Security Agreement.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Guardian 8 Holdings), Securities Purchase Agreement (Guardian 8 Holdings)