Common use of UCCs Clause in Contracts

UCCs. The Transferee shall have received acknowledgement copies of proper financing statements (Form UCC-1), naming the Transferor as the seller (debtor) of the Transferred Assets the Transferee as buyer (secured party) or other similar instruments or documents as may be necessary or in the opinion of the Transferee desirable under the UCC or any comparable law to perfect the Transferee’s interest in the Transferred Assets and executed copies of proper financing statements (Form UCC-3), if any, necessary to release all security interests and other rights of any Person in the Transferred Assets previously granted by the Transferor.

Appears in 4 contracts

Samples: Note Transfer Agreement (ACAR Leasing Ltd.), Note Transfer Agreement (ACAR Leasing Ltd.), Note Transfer Agreement (ACAR Leasing Ltd.)

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