Common use of Chattel Paper Clause in Contracts

Chattel Paper. The EFLLC Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the States of New York and Delaware.

Chattel Paper. The Each EFLLC Receivables constitute Receivable constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the States of New York and Delaware.