UCC Article 9 definition

UCC Article 9 means Article 9 of the Uniform Commercial Code as in effect in the State of New York on July 1, 2001, as same may be amended from time to time.
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Examples of UCC Article 9 in a sentence

  • If Buyer defaults on any of its obligations, Seller shall have all rights and remedies of a secured party under U.C.C. Article 9 or equivalent and may without prejudice, defer further shipment until such defaults are remedied or decline further performance of any agreement with Buyer.

  • Borrower will give to Security Agent timely written notice (but in any event at least thirty (30) days before the expiration of the period of time specified under applicable Law to prevent lapse of perfection) of any change of its name of or its jurisdiction of organization (as defined in UCC Article 9), and will promptly take any action required by Section 6.1(c)(3) as a result of such change of name or relocation.

  • The chief executive office (as defined in UCC Article 9) of Owner Trustee is located at ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇.

  • Borrower will give to Security Agent timely written notice (but in any event at least thirty (30) days before the expiration of the period of time specified under applicable Law to prevent lapse of perfection) of any change of its name or jurisdiction of organization (as defined in UCC Article 9), and will promptly take any action required by Section 6(e)(2) as a result of such change of name or relocation.

  • On each Borrowing Date, except for the filing of the Financing Statements, no further action, including filing or recording any document (including any financing statement under UCC Article 9) is necessary in order to establish and perfect Security Agent’s first priority Lien on the Collateral, as against Borrower and any other Person, in any applicable jurisdictions in the United States.

  • However, if this transaction is deemed to be a lease intended for security under UCC Article 9, you grant us a purchase money security interest in the Products (including any replacements, substitutions, additions, attachments and proceeds).

  • If Buyer defaults on any of its obligations, Seller shall have all rights and remedies of a secured party under Pennsylvania U.C.C. Article 9 or equivalent and may without prejudice, defer further shipment until such defaults are remedied or decline further performance of any agreement with Buyer.

  • If Buyer defaults on any of its obligations, Seller shall have all rights and remedies of a secured party under PPSA or U.C.C. Article 9 or equivalent and may without prejudice, defer further shipment until such defaults are remedied or decline further performance of any agreement with Buyer.

  • FSB and Owner Trustee will give to Lessee, each Participant, and Mortgagee 30 days' prior written notice of any relocation of its chief executive office (as defined in UCC Article 9), and will promptly take any action required by ss.

  • If Buyer defaults on any of its obligations, Seller shall have all rights and remedies of a secured party under Pennsylvania U.C.C. Article 9 or equivalent and may, without prejudice, defer further shipment until such defaults are remedied or decline further performance of any agreement with Buyer.