Commercial Tort Claim definition

Commercial Tort Claim means a claim arising in tort with respect to which:

Commercial Tort Claim has the meaning set forth in Article 9 of the UCC.

Commercial Tort Claim shall have the meaning given that term in the UCC.

Examples of Commercial Tort Claim in a sentence

• If any Debtor obtains any Commercial Tort Claim, or rights to any Commercial Tort Claim, the Debtors shall notify the Secured Party in writing of the Commercial Tort Claim and promptly execute and deliver to the Secured Party an amendment to this Agreement to (a) add to Schedule 2.01(b) a description of such Commercial Tort Claim that reasonably identifies such Commercial Tort Claim and (b) grant to the Secured Party a security interest in the Commercial Tort Claim.

• In addition, the Secured Party shall be entitled to prepare and file one or more UCC financing statements or financing statement amendments to perfect such security interest in such Commercial Tort Claim to the extent that the Secured Party may deem it necessary or advisable to file such UCC financing statements or financing statement amendments.

• Each Debtor shall promptly notify the Collateral Agent of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and if requested by the Collateral Agent, such Debtor shall enter into a supplement to this Agreement granting to the Secured Parties a Lien on and security interest in such Commercial Tort Claim.

More Definitions of Commercial Tort Claim

Commercial Tort Claim. “Commodity Account”; “Commodity Contract”; “Commodity Intermediary”; “Documents”; “Electronic Chattel Paper”; “Entitlement Order”; “Equipment”; “Financial Asset”; “Fixtures”; “Goods”, “Inventory”; “Letter-of-Credit Rights”; “Letters of Credit”; “Money”; “Payment Intangibles”; “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

Commercial Tort Claim means a commercial tort claim, as that term is defined in the U.C.C.

Commercial Tort Claim. “Document”, “Equipment”, “Fixture”, “General Intangible”, “Goods”, “Instrument”, “Inventory”, “Letter-of-Credit Right”, “Securities Account”, “Security”, “Supporting Obligations” and “Uncertificated Securities”.

Commercial Tort Claim means any “commercial tort claim,” as such term is defined in Section 9-102(a)(13) of the UCC (or any other then applicable provision of the UCC).

Commercial Tort Claim means a claim arising in tort with

Commercial Tort Claim means a claim arising in tort with respect to which: (a) the claimant is an organization; or (b) the claimant is an individual and the claim: (i) arose in the course of the claimant’s business or profession; and (ii) does not include damages arising out of personal injury to or the death of an individual.

Commercial Tort Claim means a claim arising in