Uniform Commercial Code Search Clause Samples
A Uniform Commercial Code (UCC) Search clause requires one party, typically in a lending or transactional context, to conduct a search of public records for any existing UCC filings against a particular entity or assets. This process involves reviewing state or local records to identify any prior security interests, liens, or claims that may affect the collateral or property involved in the transaction. By mandating such a search, the clause helps ensure that the party receiving collateral or extending credit is aware of any pre-existing encumbrances, thereby reducing the risk of undisclosed claims and protecting their legal and financial interests.
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Uniform Commercial Code Search. The results of a Code search showing all financing statements and other documents or instruments on file against Debtor in such locations as Lender may reasonably request, such search to be as of a date no more than TEN (10) days prior the Closing Date;
Uniform Commercial Code Search. Seller shall order a Uniform Commercial Code security interest search under the name of Seller, as debtor. Such searches shall be done both at the office of the local place for filing and at the central place of filing in the state of Washington. Seller shall provide Buyer with the results of all such searches at least ten (10) days prior to the original expiration date of the Feasibility Period.
Uniform Commercial Code Search. The results of a Code search showing all financing statements on file against Debtor in such jurisdictions as Lender may reasonably request;
Uniform Commercial Code Search. Borrower shall have furnished ------------------------------ to Lender a Uniform Commercial Code search, acceptable to Lender in its sole discretion, which shall have attached thereto copies of all instruments shown therein.