Common use of No Instruments Clause in Contracts

No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or “electronic chattel paper” (as defined in the UCC).

Appears in 5 contracts

Samples: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.), Credit Agreement (Regional Management Corp.)

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No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or “electronic chattel paper” instrument (as defined in the UCC as in effect in the Relevant UCC).

Appears in 1 contract

Samples: Note Purchase Agreement (Firstcity Financial Corp)

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No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or "electronic chattel paper" (as defined in the UCC).

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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