Common use of UCCs Clause in Contracts

UCCs. Within three (3) Business Days of the Closing Date, the Initial Noteholders shall receive (i) acknowledgment copies of proper financing statements, filed within three (3) Business Days of the Closing Date, naming the Seller as debtor/seller, the Transferor as purchaser/secured party and the Indenture Trustee as assignee with respect to Seller’s transfer to the Transferor of an ownership interest in all Receivables and other assets to be transferred to the Transferor pursuant to the Receivables Purchase Agreement, (ii) acknowledgment copies of proper financing statements, filed within three (3) Business Days the Closing Date, naming the Transferor as debtor/seller, the Issuer as purchaser/secured party and the Indenture Trustee as assignee with respect to Transferor’s transfer to Issuer of an ownership interest in all Receivables and other assets to be transferred to the Issuer pursuant to the Sale Agreement, (iii) acknowledgment copies of proper financing statements, filed within three (3) Business Days of the Closing Date, naming Issuer as debtor and the Indenture Trustee as the secured party with respect to the Issuer’s grant of a security interest in the Issuer Estate to the Indenture Trustee, and (iv) executed copies of proper UCC‑3 termination statements necessary to release all liens and other Adverse Claims of any Person (other than the Seller, the Transferor, the Issuer and the Indenture Trustee pursuant to the Transaction Documents) in such Receivables and other assets

UCCs. Within three The Administrative Agent shall have received (31) Business Days of the Closing Date, the Initial Noteholders shall receive (i) acknowledgment ---- acknowledgement copies of proper financing statements, filed within three statements (3) Business Days of the Closing DateForm UCC-1), naming the Seller Transferor as the transferor (debtor/seller) of the Transferred Interest and the Administrative Agent as transferee (secured party), executed copies of such amendments thereto as may be necessary or in the opinion of the Administrative Agent desirable in connection with the execution and delivery of this Agreement or other similar instruments or documents as may be necessary or in the opinion of the Administrative Agent desirable under the UCC or any comparable law to perfect the Purchasers' interest in the Transferred Interest, (2) acknowledgement copies of proper financing statements (Form UCC-1), naming Case Credit as the transferor (debtor) of the Designated Receivables and the Related Security being sold from time to time pursuant to the Case Credit Receivables Purchase Agreement and the Transferor as purchaser/transferee (secured party party) or other similar instruments or documents as may be necessary or in the opinion of the Administrative Agent desirable under the UCC or other comparable law to perfect the Transferor's interest in the Designated Receivables and the Indenture Trustee as assignee with respect Related Security being sold from time to Seller’s transfer to the Transferor of an ownership interest in all Receivables and other assets to be transferred to the Transferor time pursuant to the Case Credit Receivables Purchase Agreement, (ii) acknowledgment copies of proper financing statements, filed within three (3) Business Days the Closing Date, naming the Transferor as debtor/seller, the Issuer as purchaser/secured party and the Indenture Trustee as assignee with respect to Transferor’s transfer to Issuer of an ownership interest in all Receivables and other assets to be transferred to the Issuer pursuant to the Sale Agreement, (iii) acknowledgment copies of proper financing statements, filed within three (3) Business Days of the Closing Date, naming Issuer as debtor and the Indenture Trustee as the secured party with respect to the Issuer’s grant of a security interest in the Issuer Estate to the Indenture Trustee, and (iv) executed copies of proper UCC‑3 termination financing statements (Form UCC-1), dated a date reasonably near to the date hereof , naming New Holland Credit as the transferor (debtor) of the Designated Receivables and the Related Security being sold from time to time pursuant to the New Holland Credit Receivables Purchase Agreement and the Transferor as transferee (secured party) or other similar instruments or documents as may be necessary or in the opinion of the Administrative Agent desirable under the UCC or other comparable law to perfect the Transferor's interest in the Designated Receivables and the Related Security being sold from time to time pursuant to the New Holland Credit Receivables Purchase Agreement and (4) executed copies of proper financing statements (Form UCC-3), if any, necessary to release all liens security interests and other Adverse Claims rights of any Person (other than in the Seller, the Transferor, the Issuer and the Indenture Trustee pursuant to the Transaction Documents) in such Pooled Receivables and other assetsRelated Security previously granted by Case Credit or New Holland Credit.