Common use of UCC-1 Assignment and Other Documents Clause in Contracts

UCC-1 Assignment and Other Documents. (a) BNY shall use commercially reasonable efforts to deliver to JPM at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations and all other documentation necessary to effect the assignment of the Assigned Banking Loans and the Assumed Letters of Credit to JPM. The out-of-pocket costs and expenses of preparing and filing any such documentation shall be paid by JPM.

UCC-1 Assignment and Other Documents. (a) BNY JPM shall use commercially reasonable efforts to deliver to JPM BNY at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations and all other documentation necessary to effect the assignment of the Assigned Banking Loans and the Assumed Letters of Credit Corporate Trust Agreements to JPMBNY. The out-of-pocket costs and expenses of preparing and filing any such documentation shall be paid by JPMBNY.

UCC-1 Assignment and Other Documents. (a) BNY JPM shall use commercially reasonable efforts to deliver to JPM at the Closing BNY all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations and all other documentation necessary to effect the assignment of the Assigned Banking Loans and the Assumed Letters of Credit Corporate Trust Agreements to JPMBNY. The out-out- of-pocket costs and expenses of preparing and filing any such documentation shall be paid by JPMBNY.