Common use of UCC Classification Clause in Contracts

UCC Classification. No Receivable is secured by “real property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles,” “accounts,” or “payment intangibles” within the meaning of the applicable UCC.

Appears in 8 contracts

Samples: Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (Nationstar Mortgage Holdings Inc.)

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UCC Classification. No Receivable is secured by “real property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles,” “accounts,” or “payment intangibles” within the meaning of the applicable UCC.

Appears in 4 contracts

Samples: Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.)

UCC Classification. No Receivable is secured by “real property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles,” “accounts,” or “payment intangibles” within the meaning of the applicable UCC.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Walter Investment Management Corp), Receivables Sale Agreement (Nationstar Mortgage Holdings Inc.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.)

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UCC Classification. No Receivable is secured by “real property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles,” “accounts,” or a “payment intangiblesintangible” within the meaning of the applicable UCC.

Appears in 1 contract

Samples: Receivables Sale Agreement (PennyMac Mortgage Investment Trust)

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