UCC Classification. As of the Transfer Date for a Transferred Container: (x) such Transferred Container constitutes “goods” within the meaning of the applicable UCC; (y) the related Lease constitutes “tangible chattel paper” within the meaning of the UCC; and (z) the lease receivables under such Lease constitute “accounts” or “proceeds” of such Lease within the meaning of the UCC;
Appears in 4 contracts
Samples: Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.)
UCC Classification. As of the Transfer Date for a Transferred Container: (x) such Transferred Container constitutes “"goods” " within the meaning of the applicable UCC; (y) the related Lease constitutes “"tangible chattel paper” " within the meaning of the UCC; and (z) the lease receivables under such Lease constitute “"accounts” " or “"proceeds” " of such Lease within the meaning of the UCC;
Appears in 2 contracts
Samples: Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.)
