Common use of UCC Classification Clause in Contracts

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

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

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