UCC Securities definition

UCC Securities means any obligations of an issuer or any shares, participations or other interests in an issuer or in property or an enterprise of an issuer that (i) are represented by a certificate representing a security in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer, (ii) are one of a class or series or by its terms is divisible into a class or series of shares, participations, interests or obligations and (iii)(A) are, or are of a type, dealt with or traded on securities exchanges or securities markets or (B) are a medium for investment and by their terms expressly provide that they are a security governed by Article 8 of the UCC.
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Examples of UCC Securities in a sentence

  • On each Closing Date, all Instruments, Chattel Paper, UCC Securities or other documents, including, without limitation, any SUBI Certificates, representing or evidencing Collateral (to the extent not held by the Servicer pursuant to the terms of the Servicing Agreement) shall be delivered to and held by or on behalf of the Indenture Trustee on behalf of the Secured Parties pursuant hereto all in form and substance reasonably necessary to protect the pledge of such Collateral.

  • There are no outstanding obligations of UCC or any UCC Subsidiary to repurchase, redeem or otherwise acquire any UCC Securities.

  • There are no outstanding judgments of UCC financing instruments or UCC Securities Interests filed against the Purchaser.

  • There are no outstanding judgments or UCC financing instruments or UCC Securities Interests filed against the Company or any of its properties.

  • Except to the extent of any expenses to which Securities Intermediary is entitled as a securities intermediary under the UCC, Securities Intermediary agrees that the Collateral shall not be subject to any security interest, lien or right of setoff by Securities Intermediary or any third party claiming through Securities Intermediary, and Securities Intermediary shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party an interest in, any Collateral.

Related to UCC Securities

  • Public Securities means, collectively, the Closing Securities and, if any, the Option Securities.

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Underwriters' Securities means the Offered Securities to be purchased by the Underwriters herein. The term “Contract Securities” means the Offered Securities, if any, to be purchased pursuant to the delayed delivery contracts referred to below.

  • Domestic securities means securities held within the United States.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;