UCC Collateral Clause Samples
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UCC Collateral. The Company shall:
(a) upon the occurrence and during the continuance of an Event of Default and upon the request of the Collateral Agent, promptly (i) notify each Account Debtor in respect of the Pledged Accounts that such Accounts have been assigned to the Collateral Agent hereunder, and that any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designee (it being understood and agreed that the foregoing shall not limit the rights of the Collateral Agent upon the occurrence and during the continuance of an Event of Default to so notify the Account Debtors without giving prior notice to or making a demand upon the Company including, without limitation, any notices required to be given under the Anti-Assignment Act (41 U.S.C. ss. 15 and 31 U.S.C. ss. 3727)) and (ii) transfer to the Collateral Agent or its designee all funds received by it from or on behalf of an Account Debtor in respect of the Pledged Accounts (it being acknowledged and agreed that the Company shall be deemed to be holding all such funds as trustee for the Collateral Agent and, as such, shall not commingle such funds with other funds of the Company);
(b) upon the acquisition after the date hereof by the Company of any additional or replacement Pledged Equipment covered by a certificate of title or ownership, cause the Collateral Agent to be listed as the lienholder on such certificate of title and take such other steps as may be required under the law applicable to perfection of a security interest in such property to perfect such security interest, and within thirty (30) days of the acquisition thereof deliver evidence of the same to the Collateral Agent;
(i) keep full and accurate books and records relating to the UCC Collateral, including, without limitation, a current and complete list of all Account Debtors obligated on any of the Pledged Accounts, along with their respective names, addresses, telephone numbers, account or other identification numbers and the balance and aging of their respective Pledged Accounts, copies of which list the Company shall deliver to the Collateral Agent promptly after the end of each fiscal quarter of the Company and as soon as practicable following the Collateral Agent's request, and (ii) stamp or otherwise ▇▇▇▇ such books and records in such manner as may be required to perfect the security interest in such Collateral or at the request of the Collateral Agent in order to reflect the security intere...
UCC Collateral. The “UCC Collateral” described on Exhibit 1.2(d).
UCC Collateral. The Owner is the legal and beneficial owner of (with full right and authority to assign) the UCC Collateral, free and clear of all liens, except that Financing statements have been filed in all locations necessary to perfect a security interest in all of the Mortgaged Property described in the financing statements, including all furniture, fixtures, equipment, accounts, contracts rights, condemnation and casualty proceeds, general intangibles and all other personal property related to the ownership or operation of the Mortgaged Property, described in those financing statements, to the extent that applicable law permits a security interest in such collateral to be perfected by filing.
UCC Collateral. (i) No representation is given with regard to UCC Collateral for the Promenade Towers, Grand Tower Apartments, Parkledge Apartments, Park Vista Apartments, Del Mar Terrace, Timber Point, Six Flags Road Apartments, Laurel Park Senior Apartments, Cypress Lake and Princess ▇▇▇▇ Townhouses properties.
F. SECTION
UCC Collateral. Article 1, Section 1.3;
UCC Collateral. A first priority security interest in all of the Borrower’s present and future accounts, chattel paper, deposit accounts, documents, instruments, general intangibles, inventory, investment property, letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), supporting obligations and all proceeds and products of all of the foregoing (the “UCC Collateral”). The security interest of the Bank in the UCC Collateral shall be subject to a security agreement, in form and substance acceptable to the Bank, from the Borrower in favor of the Bank (as amended, modified or supplemented from time to time, the “Security Agreement”); and
UCC Collateral. A first priority security interest in all of the Borrower’s present and future accounts, chattel paper, deposit accounts, documents, instruments, general intangibles, inventory, investment property, letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), supporting obligations and all proceeds and products of all of the foregoing (the “UCC Collateral”), other than any accounts of the Borrower and securities and monies held therein from time to time maintained at Wachovia Bank, N.A. (“Wachovia”), securing Borrower’s reimbursement obligations with respect to that certain letter of credit issued by Wachovia for the account of Borrower (the “Wachovia Collateral”). The security interest of the Bank in the UCC Collateral shall be subject to a security agreement, in form and substance acceptable to the Bank, from the Borrower in favor of the Bank (as amended, modified or supplemented from time to time, the “Security Agreement”); and
UCC Collateral. As security for all present and future Obligations, the Borrower hereby grants to the Agent, for the ratable benefit of the Agent and the Lenders, a continuing security interest in, lien on, assignment of and right of set-off against, all of the following property of the Borrower, whether now owned or existing or hereafter acquired or arising, regardless of where located:
(i) all Receivables, all Related Security and all Collections related thereto;
(ii) all of the Borrower's rights, remedies, powers and privileges under, or in respect of, the Purchase and Contribution Agreements;
(iii) all of the Borrower's rights, remedies, powers and privileges under, or in respect of, the Servicing Agreements;
(iv) the Payment Account;
(v) all money, securities and other property of any kind of the Borrower in the possession or under the control of the Agent or any Lender, any assignee of or participant in the Obligations, or a bailee of any such party or such party's Affiliates;
(vi) all of the Borrower's deposit accounts, credits, and balances with and other claims against the Agent or any Lender or any of their Affiliates or any other financial institution with which the Borrower maintains deposits;
(vii) all books, records and other property related to or referring to any of the foregoing, including, without limitation, books, records, account ledgers, data processing records, computer software and other property and general intangibles at any time evidencing or relating to any of the foregoing; and
(viii) all other assets (including, without limitation, returned goods and general intangibles) of the Borrower of any type or nature, whether now owned or hereafter acquired, except to the extent that the grant of a security interest therein would result in a violation of the Borrower's existing Debt agreements and
(ix) all proceeds of any or all of the foregoing. All of the foregoing and all other property of the Borrower in which the Agent or any Lender may at any time be granted a Lien, is herein collectively referred to as the "Collateral."
UCC Collateral. Collectively (a) all personal property of a Loan Party, including without limitation the following, all whether now owned or hereafter acquired or arising and wherever located: (i) Accounts (including credit card receivables); (ii) Securities Entitlements, Securities Accounts, Commodity Accounts, Commodity Contracts and Investment Property; (iii)