Common use of No Documents or Instruments Clause in Contracts

No Documents or Instruments. No such Receivable or constituent part thereof, constitutes a “negotiable instrument” or “negotiable document of title” (as such terms are used in the UCC). In addition to the representations, warranties and covenants contained in this Agreement, BAASC hereby represents, warrants, and covenants to the Third Tier Purchaser as follows on the Closing Date:

No Documents or Instruments. No such Receivable or constituent part thereof, constitutes a “negotiable instrument” or “negotiable document of title” (as such terms are used in the UCC). In addition to the representations, warranties and covenants contained in this Agreement, BAASC BANA hereby represents, warrants, and covenants to the Third First Tier Purchaser as follows on the Closing Date: