Supporting Obligation definition

Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.

Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an Account, chattel paper, document, General Intangible, instrument, or Investment Property.

Supporting Obligation means all “supporting obligations” as defined in Article 9 of the UCC.

Examples of Supporting Obligation in a sentence

• The following terms which are defined in the Uniform Commercial Code are used herein as so defined: Account, Chattel Paper, Commercial Tort Claim, Deposit Account, Document, Electronic Chattel Paper, Financial Asset, Fixtures, General Intangible, Instrument, Inventory, Investment Property, Letter-of-Credit Right, Money, Payment Intangible, Promissory Note, Records, Securities Account, Security Entitlement, Supporting Obligation and Tangible Chattel Paper.

• Perfection of a Security Interest in Collateral also perfects a Security Interest in a Supporting Obligation for the Collateral.

• Proof We define In(ψ, ϕ, E) and Eq(ψ, ϕ, E) by recursion on Rank(ψ) + Rank(ϕ).

• When a Security Interest attaches to Collateral which is an Account, a Document, an Intangible, an Instrument or Investment Property, it also attaches to any Supporting Obligation.

• The following terms have the meanings given to them in the UCC (as defined below): Account, Chattel Paper, Commercial Tort Claim, Commodity Accounts, Deposit Account, Document, Electronic Chattel Paper, Equipment, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Property, Letter-of-Credit Right, Payment Intangible, Proceeds, Securities Account, Security, Supporting Obligation and Tangible Chattel Paper.

More Definitions of Supporting Obligation

Supporting Obligation. Has the meaning given that term in the UCC and also refers to a Letter-of-Credit Right or secondary obligation which supports the payment or performance of an Account, Chattel Paper, a Document, a General Intangible, an Instrument, or Investment Property.

Supporting Obligation shall have the meaning set forth in Article 9 of the UCC.

Supporting Obligation means a letter-of-credit right or

Supporting Obligation means any “Supporting obligation,” as such term is defined in the UCC, now owned or hereafter acquired by the Debtor or in which the Debtor now holds or hereafter acquires any interest.

Supporting Obligation means a Letter-of-credit right, secondary obligation or obligation of a secondary obligor or that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument or investment property.

Supporting Obligation means any “supporting obligation”, as such term is defined in the UCC.

Supporting Obligation shall have the meaning given that term in the UCC .