Characterization. The Receivables constitute (i) “tangible chattel paper” or “electronic chattel paper”, as the case may be, within the meaning of Section 9-102 of the NY UCC and the PA UCC and (ii) “chattel paper” within the meaning of Section 9-102 of the DE UCC. CNHICA has taken all steps necessary to perfect its security interest against the Obligor in the Financed Equipment securing the Receivables.
Appears in 8 contracts
Samples: Purchase Agreement (CNH Equipment Trust 2024-C), Purchase Agreement (CNH Equipment Trust 2024-C), Purchase Agreement (CNH Equipment Trust 2024-B)
