Common use of UCCs Clause in Contracts

UCCs. The following filings shall have been made on or prior to the Effective Date, each of which shall be in form and substance satisfactory to GECC: (i) proper financing statements (Form UCC-1), naming PAG, as the debtor, and GECC, as secured party, in respect of the first priority, perfected security interest created hereunder and proper financing statements (Form UCC-3), if any, necessary to release all first priority, perfected security interests and other rights of any other Person in the Collateral previously granted by PAG shall have been filed and all filing fees, taxes or other amounts required to be paid in connection with such filings shall have been paid;

UCCs. The following filings shall have been made on or prior to the Effective Datedate hereof, each of which shall be in form and substance satisfactory to GECC: (i) proper financing statements (Form UCC-1), naming PAG, as the debtor, and GECC, as secured party, in respect of the first priority, perfected security interest created hereunder and proper financing statements (Form UCC-3), if any, necessary to release all first priority, perfected security interests and other rights of any other Person in the Collateral previously granted by PAG shall have been filed and all filing fees, taxes or other amounts required to be paid in connection with such filings shall have been paid;