Common use of Uniform Commercial Code Searches Clause in Contracts

Uniform Commercial Code Searches. Uniform Commercial Code searches (which searches shall be made or caused to be made by and at the expense of Buyer) of filings made pursuant to Article 9 thereof in all jurisdictions where any assets of the Company are located, in form, scope and substance reasonably satisfactory to Buyer and its counsel, shall not disclose any liens, claims, security interests or encumbrances against any of such assets disclosed thereby except liens, claims, security interests

Uniform Commercial Code Searches. Uniform Commercial Code searches (which searches shall be made or caused to be made by and at the expense of BuyerPurchaser) of filings made pursuant to Article 9 thereof in all jurisdictions where any assets of the Company are located, in form, scope and substance reasonably satisfactory to Buyer Purchaser and its counsel, shall not disclose any liens, claims, security interests or encumbrances Encumbrances against any of such assets disclosed thereby except liensEncumbrances that are disclosed in Financial Statements, claimsthis Agreement, security interestsor are otherwise released or terminated by the Company prior to or at the time of Closing.