UCC-1 Sample Clauses
The UCC-1 clause refers to the filing of a UCC-1 Financing Statement, which is a legal form used to give public notice that a secured party has an interest in the personal property of a debtor. In practice, this filing is typically made with a state government office, such as the Secretary of State, and it identifies both the debtor and the collateral involved in the security agreement. The core function of the UCC-1 is to establish the priority of the secured party’s interest in the collateral, thereby protecting their rights in the event of the debtor’s default or bankruptcy.
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UCC-1. The Collateral Agent shall have received a completed financing statement on Form UCC-1 duly executed by Company, and such other instruments, acts, pledges, assignments and transfers, as may reasonably be requested by the Collateral Agent, to perfect and continue the Collateral Agent’s security interest in the assets and properties of the Company pursuant to the Security Agreement.
UCC-1. The Company shall have executed and delivered to Investor counsel a UCC-1 in the form attached hereto as Exhibit G.
UCC-1. On the Closing Date, a signed UCC-1 financing statement in a form acceptable to RBL.
UCC-1. On the Initial Closing Date and any Subsequent Closing Date, as necessary, the agent (the “Collateral Agent”) assigned under the Security Agreement shall file a UCC-1 financing statement naming the Parent as debtor and the Buyers in such office or offices as may be necessary or desirable to perfect the security interests purported to be created by the Security Agreement.
UCC-1. In addition, without affecting the fact of Landlord’s ownership of the FF&E, in order to evidence Landlord’s interest in the FF&E and as security for performance by Tenant of each of its obligations under this Lease, Tenant grants and creates a lien in security interest in favor of Landlord in the FF&E (the “Security Interest”) and all insurance proceeds of or relating to the FF&E and all exceptions and additions to, substitutions for, and replacements, products, and proceeds of any or all of the FF&E. This Lease constitutes a security agreement under the Uniform Commercial Code and creates a security interest in the FF&E. Landlord is authorized to file a UCC-1 Financing Statement evidencing the security interest and Landlord’s other rights in the ownership of the FF&E.
UCC-1. FLNG shall execute and file (and re-file upon expiration), and grants to Customer the right to execute and file (and re-file upon expiration) on FLNG’s behalf, in the proper office of the proper jurisdiction a UCC-1 for the purpose of giving notice to the creditors of FLNG that (a) Customer’s Inventory is owned by Customer, (b) for purposes of the Uniform Commercial Code, the nature of the relationship between Customer and FLNG with regard to such LNG and Gas is that of ▇▇▇▇▇▇ and bailee (and if the form of the UCC1 then in effect contained a “bailment” box to be checked, the bailment relationship would be indicated), and (c) neither FLNG nor its creditors shall have any ownership or other right arising from such bailment. Nothing contained in a UCC-1 shall act as an amendment to the terms of this Agreement.
UCC-1. Copies of UCC-1 Financing Statements ("UCC-1") filed with the Secretary of State of the States of Florida, California, Delaware and Pennsylvania and listing Lender as the secured party.
UCC-1. The Company represents, warrants, and covenants that upon the filing of the financing statements as required by the Uniform Commercial Code to perfect each Purchaser’s security interest in the Collateral, the security interest granted herein is, and shall at all times continue to be, a first priority perfected security interest in the Collateral.
UCC-1. Seller shall use best efforts to amend the UCC financing statement related to the RFC Facility within 30 days following the Effective Date.