UCC Termination definition
Examples of UCC Termination in a sentence
Client further agrees to pay Payplant a UCC Termination Fee in the amount provided in Schedule 1 to this Agreement, should Client withdraw as a registrant on the Platform.
Upon such termination, Pledgee will, at Pledgor’s expense, execute and deliver to Pledgor such documents as Pledgor reasonably requests to evidence such termination, including but not limited to UCC Termination Statements.
The Company shall deliver to the City UCC Termination Statements and a bill of sale for such portion of the Project Equipment to be executed and delivered by the City upon deposit of such purchase price in the Bond Fund.
Payplant’s consent to allow Client to terminate its relationship with Payplant shall be conditioned on Client paying such UCC Termination Fee to Payplant should Client request Payplant terminate its UCC-1 on behalf of the Client.
In the event this First Amendment is terminated for any reason without the reduction in the Premises contemplated herein becoming effective, Sublandlord agrees it shall not file or record the UCC Termination Statement.
On any date upon which (i) the Bank shall no longer have any obligation to make any Revolving Credit Loans or issue any Letters of Credit, and (ii) the Obligations shall have been indefeasibly paid in full in cash, the Liens granted hereby shall cease and the Bank shall, at the Grantors' expense, execute and deliver all UCC Termination Statements which the Grantors shall have reasonably requested, and return to the Grantors all Collateral which shall remain in the possession of the Bank at such time.
Borrower shall deliver UCC Termination Statements in form and substance acceptable to the Bank terminating security interests not permitted hereunder in the Collateral of the Borrower and in collateral of the Guarantors shall be filed within four weeks of the execution of this Agreement.
No later than ten (10) business days after WHVI has received payment in full of all sums due to WHVI under this Agreement, WHVI shall file with the applicable government agency (ies) a UCC Termination respecting the WHVI security interest in the Collateral, as defined in the Distribution Agreement, obtained pursuant to the Distribution Agreement.
Seller shall have delivered or caused to be delivered to Buyer, at or before the Closing, UCC Termination Statements and such other releases as Buyer may reasonably request, duly completed and executed by each person having any security interest, lien, claim or other encumbrances or adverse interests in or on any of the Purchased Assets which are required to be terminated pursuant to Section 7.1 above, in order to evidence the termination thereof.
The Existing Guarantor and its attorneys and agents are irrevocably authorized, on the Trustee’s behalf, as Collateral Agent, to file the UCC Termination Statements and any other documents necessary to terminate the security interests of the Trustee, as Collateral Agent, in the Pledged Collateral of the Existing Guarantor and/or to discharge UCC Financing Statements previously filed by the Collateral Agent against the Existing Guarantor with respect to the Pledged Collateral of the Existing Guarantor.