Common use of UCC Statements Clause in Contracts

UCC Statements. The Bank shall have received from Borrower duly executed UCC-2 statements amending the original financing statements and perfecting the Bank's security interests (or perfecting the Bank's security interests) granted under the Original Security Agreement, so as to reflect the amendments to the Loan pursuant to this Agreement, and the Bank shall have received from Borrower duly executed UCC-1 Statements (for Illinois and California) relating to the New Security Agreement as a supplement to the provisions of the Original Security Agreement.