Common use of Initial UCC Filings Clause in Contracts

Initial UCC Filings. On or prior to the Closing Date, Harco Leasing shall record and file, at its own expense, a UCC-l financing statement in each jurisdiction in which required by applicable law, naming NFC as purchaser or secured party, naming as collateral the Sold Retail Lease Property to be purchased and sold hereunder from time to time, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect under the UCC the sale, transfer, assignment and conveyance to NFC of such Sold Retail Lease Property (to the extent constituting UCC Collateral) and hereby authorizes NFC to file any such financing statements relating to all or any part thereof. Harco Leasing shall deliver a file-stamped copy, or other evidence satisfactory to NFC of such filing, to NFC on or prior to the Closing Date.

Initial UCC Filings. On or prior to the Closing Date, Harco ------------------- Leasing shall record and file, at its own expense, a UCC-l financing statement in each jurisdiction in which required by applicable law, naming NFC as purchaser or secured party, naming as collateral the Sold Retail Lease Property to be purchased and sold hereunder from time to time, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect under the UCC the sale, transfer, assignment and conveyance to NFC of such Sold Retail Lease Property (to the extent constituting UCC Collateral) and hereby authorizes NFC to file any such financing statements relating to all or any part thereof. Harco Leasing shall deliver a file-stamped copy, or other evidence satisfactory to NFC of such filing, to NFC on or prior to the Closing Date.