Common use of UCC Search Clause in Contracts

UCC Search. Any UCC search (SELLER’S title to furniture, fixtures, equipment or appliances) deemed necessary by the PURCHASER or Lender shall be obtained at PURCHASER’S expense. Any encumbrances reflected in the UCC search certificate shall be cancelled in advance of closing or paid out of closing proceeds. SELLER shall pay all costs required to cancel or release any such encumbrances.