Examples of Collateral State in a sentence
Under Section 9-304 of the UCC (“Section 9-304”), the Control Agreement and DAISA, the law governing perfection and priority relating to the deposit accounts designated in the Control Agreement and DAISA is the Uniform Commercial Code of the Control Collateral State.
With respect to foreign cash Collateral, State Street will provide Client with a multicurrency investment vehicle through which the foreign cash will be converted to U.S. dollars and invested pursuant to Section 8 hereof (MCIV").
We express no opinion as to the laws of any jurisdiction other than (a) the laws of the Property Jurisdiction and [ if applicable: the limited liability company, partnership orcorporate law of the] Organizational Jurisdiction, (b) the Uniform Commercial Code of the state of the UCC Filing Office, (c) Sections 9-314 and 9-304 of the Uniform Commercial Code of the Control Collateral State, and (d) the laws of the United States of America.
Secured Party shall receive prior to the Closing an official report from the Secretary of State of each Collateral State, Chief Executive Office State, and the Debtor State (each as defined below) (the "SOS Reports") indicating that Secured Party's security interest is prior to all other security interests or other interests reflected in the report.
With respect to foreign cash Collateral, State Street will provide the Client with a multicurrency investment vehicle through which the foreign cash will be converted to U.S. dollars and invested pursuant to Section 9 hereof ("MCIV").