Examples of Relevant UCC in a sentence
Pursuant to 11U.S.C. §363(p)(2), IDB as Agent has the burden of proof regarding the validity, priority or extent of its lien.3. Relevant UCC Provisions In a prior decision, this Court ruled that Medallion and North Mill purchased participations in specific loans made by the Debtor to third parties.
All terms used in Article 9 of the Relevant UCC, and not specifically defined herein, are used herein as defined in such Article 9.
The Servicer shall take no action to cause any Loan to be evidenced by any instrument (as defined in the UCC as in effect in the Relevant UCC).
For the purposes of subsections 2.4(d)(i) and 2.4(d)(ii) above, proceeds of a Receivable shall not be deemed to be impaired hereunder solely because such proceeds are held by the Servicer for more than the applicable period under Section 9-306(3) of the UCC as in effect in the Relevant UCC State.
Company will transparently disclose to the borrower all information about fees / charges payable for processing the loan application, the amount of fees refundable if loan amount is not sanctioned / disbursed, pre-payment options and charges, if any, penalty for delayed repayment if any, conversion charges for switching loan from fixed to floating rates or vice-versa, existence of any interest reset clause and any other matter which affects the interest of the borrower.