Common use of Units as Securities Clause in Contracts

Units as Securities. The Units shall constitute “securities” for purposes of Article 8 of the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York and “investment property” for purposes of Article 9 of the Uniform Commercial Code.

Units as Securities. The Units shall constitute “securities” for purposes of Article 8 of the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York Delaware and “investment property” for purposes of Article 9 of the Uniform Commercial Codethereof.