UCC Policy Sample Clauses
A UCC Policy clause outlines the requirements and procedures related to Uniform Commercial Code (UCC) filings, which are used to perfect security interests in personal property. This clause typically specifies the party responsible for preparing, filing, and maintaining UCC financing statements, and may address the timing, jurisdictions, and costs associated with such filings. By clearly defining these responsibilities, the clause ensures that security interests are properly perfected and maintained, thereby protecting the secured party’s rights and reducing the risk of disputes over collateral.
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UCC Policy. Lender shall have received a commitment to issue the UCC Policy referred to in Section 7(b) hereof subject only to conditions reasonably satisfactory to Lender.
UCC Policy. Borrower shall deliver or cause to be delivered to Lender an Eagle 9 UCC Insurance Policy issued by First American Title Insurance Company (or a similar policy), which policy shall (i) insure Lender’s first priority security interest in all of the Equity Interests covered by the Pledge Agreement, (ii) be dated not earlier than the date of the disbursement of the Loan, (iii) be subject only to matters which would customarily appear on such a policy, and (iv) be in form and substance reasonably satisfactory to Lender (such policy, the “UCC Policy”).
UCC Policy. Lender shall have received the UCC Policy referred to in Section 7(b) hereof.
UCC Policy. Lender shall have received the UCC Policy.
UCC Policy. Borrower shall have delivered to Lender the UCC Policy (or a written irrevocable commitment therefor from the UCC Company) for each Pledge and Security Agreement.
UCC Policy. Mezzanine Lender shall have received an EAGLE-9 UCC policy of insurance in form and substance reasonably satisfactory to Mezzanine Lender, insuring the ownership, perfection and priority of the security interests in the Pledged Interest and, as available, the other Mezzanine Loan Collateral, evidenced by the Pledge Agreement, with such additional endorsements as Mezzanine Lender shall reasonably determine to be prudent and commercially reasonable.