UCC 2A definition

UCC 2A. In accordance with Section 2A of the Michigan Uniform Commercial Code (MCLA Section 440.3101 et seq.) ("UCC") Lessee acknowledges either (a) that Lessee has reviewed and approved any written Supply Contract (as defined by UCC Section 2A-103(i)(y)) covering the Equipment purchased from the "Supplier" (as defined by UCC S▇▇▇▇▇▇ ▇▇- ▇▇▇reof for lease to Lessee or (b) that Lessor has informed or advised Lessee, in writing, either previously or by this Lease Schedule of the following: (i) the identity of the supplier; (ii) that the Lessee may have rights under the Supply Contract; and (iii) that the Lessee may contact the Supplier for a description of any such rights lessee may have under the Supply Contract. Lessee acknowledges that Lessee has reviewed and approved the Purchase Order, Supply Contract or Purchase Agreement covering the Equipment purchased from the seller or supplier thereof for lease to Lessee. Lessee's Initials: /s/CK
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UCC 2A. In accordance with Section 2A of the Michigan Uniform Commercial Code (MCLA Section 440.3101 et seq.) ("UCC") Lessee acknowledges either (a) that Lessee has reviewed and approved any written Supply Contract (as defined by UCC Section 2A-103(i)(y)) covering the Equipment purchased from the "Supplier" (as defined by UCC Section 2A-103(i)(x)) thereof for lease to Lessee or (b) that Lessor has informed or advised Lessee, in writing, either previously or by this Lease Schedule of the following: (i) the identity of the supplier; (ii) that the Lessee may have rights under the Supply Contract; and (iii) that the Lessee may contact the Supplier for a description of any such rights lessee may have under the Supply Contract.
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Examples of UCC 2A in a sentence

  • Customer waives its rights as a lessee under UCC 2A sections 508-522.

  • Lessee makes this acknowledgment so that each such Schedule shall qualify as and be a “finance lease” under UCC 2A.

  • Lessee makes this acknowledgment so that such each Schedule shall qualify as and be a “finance lease” under UCC 2A.

  • Patterned on U3C § 1.303, this 3 generally adopts UCC 2A definitions for terms used 4 occasionally in this Act, e.g., "Leasehold interest," 5 "Sublease," "Supplier," etc.

  • Customer waives its rights as a lessee under UCC 2A Sections 508-522.

  • CUSTOMER WAIVES ITS RIGHTS AS A LESSEE UNDER UCC 2A SECTIONS 508-522.

  • Identification of the Equipment to each Lease and the related Schedule for purposes of UCC 2A shall be deemed to occur at the earlier of the time the Equipment covered by such Lease is delivered to Lessee or the time the Risk of Loss otherwise passes to Lessor.

  • IF ANY PART OF THIS MASTER LEASE AND EACH SCHEDULE IS INCONSISTENT WITH UCC 2A.

  • As to an Item for which a vendor is shown, this is a UCC 2A "finance lease." Lessee approves the purchase contract for such Item and acknowledges that (a) it has received a copy of such contract if such contract is in writing, (b) Lessor hereby informs it of the vendor's identity and that it may have rights under such contract, and (c) Lessor hereby advises it to contact the vendor for a description of such rights.

  • Lessee makes this acknowledgement so that each such Schedule shall qualify as and be a “finance lease” under UCC 2A.