UCC Termination. Borrower shall cause Synovus Bank to terminate of record in the Florida Secured Transaction Registry that certain Uniform Commercial Code – Form UCC-1 – Financing Statement bearing Initial Filing #202001663984 filed on May 19, 2020 naming M-TRON INDUSTRIES, INC. and PIEZO TECHNOLOGY, INC., as debtors, and SYNOVUS BANK, as secured party. Said UCC-3 termination must be filed on or before 30 days of the date of this Agreement. Failure to provide same within the 30-day period shall be an Event of Default hereunder. O3721488.v4
Appears in 2 contracts
Sources: Credit Agreement (M-Tron Industries, Inc.), Credit Agreement (LGL Group Inc)