Relevant UCC definition
Examples of Relevant UCC in a sentence
The Receivables constitute “tangible chattel paper” or “electronic chattel paper” (each as defined in the Relevant UCC or, if such terms are not separately defined in the Relevant UCC, “chattel paper”).
The term “proceeds” shall have the meaning set forth in the Relevant UCC (unless otherwise defined herein).
Neither the Depositor nor a custodian or vaulting agent thereof has communicated, nor will they communicate, an “authoritative copy” (as defined in the Relevant UCC) of any Receivable to any Person other than the Servicer, the Trust, the Grantor Trust or the Indenture Trustee.
This Receivables Contribution Agreement creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables in favor of the Grantor Trust, which security interest is prior to all other Liens (other than the Lien created by the Indenture) and is enforceable as such against creditors of and purchasers from the Seller.
The Issuer has not communicated, and will not communicate, an “authoritative copy” (as defined in the Relevant UCC) of any Receivable to any Person other than the Servicer, the Depositor, the Grantor Trust or the Indenture Trustee.