Chattel Paper Sample Clauses
The Chattel Paper clause defines the rights and obligations related to documents that evidence both a monetary obligation and a security interest in specific goods. In practice, this clause clarifies how chattel paper—such as leases or installment sales contracts for equipment or vehicles—can be used as collateral in secured transactions. By specifying the treatment and handling of chattel paper, the clause ensures that parties understand how these documents can be pledged, transferred, or perfected, thereby reducing uncertainty and facilitating secured lending.
POPULAR SAMPLE Copied 5 times
Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC.
Chattel Paper. Each Receivable constitutes "chattel paper" as defined in the UCC.
Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the States of Texas, New York, Nevada and Delaware.
Chattel Paper. The Receivable is either “tangible chattel paper” or “electronic chattel paper” within the meaning of the applicable UCC and there is only one original authenticated copy of the Receivable.
Chattel Paper. Each Receivable constitutes “chattel paper” as defined in the UCC of each State the law of which governs the perfection of the interest granted in it and/or the priority of such perfected interest.
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. Each Receivable constitutes chattel paper within the meaning of the UCC as in effect in the state of origination.
Chattel Paper. Each Contract constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC.
Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC. Receivable File Imaging System Access
Chattel Paper. The Receivables constitute chattel paper within the meaning of the UCC as in effect in the States of Texas and New York.