Common use of Instrument or Chattel Paper Clause in Contracts

Instrument or Chattel Paper. Such Receivable constitutes an “instrument” or “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.

Appears in 14 contracts

Samples: Receivables Sale Agreement (GE TF Trust), Receivables Sale Agreement (GE TF Trust), Receivables Sale Agreement (GE TF Trust)

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Instrument or Chattel Paper. Such Receivable Each [Loan] [Receivable] constitutes an “instrument” or “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.

Appears in 4 contracts

Samples: Receivables Purchase and Sale Agreement (GECB Equipment Funding, LLC), Receivables Purchase and Sale Agreement (Cef Equipment Holding LLC), Receivables Sale Agreement (GECB Equipment Funding, LLC)

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Instrument or Chattel Paper. Such Receivable constitutes an “instrument” or “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.. Receivables Sale Agreement

Appears in 2 contracts

Samples: Receivables Sale Agreement (GE Equipment Transportation LLC, Series 2013-2), Receivables Sale Agreement (GE Equipment Transportation LLC, Series 2013-2)

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