Examples of Arizona UCC in a sentence
Terms defined in the Arizona UCC which are not otherwise defined in this Security Agreement are used herein as defined in the Arizona UCC.
Finally, Section 9-203(3) of the Arizona UCC provides that, “[u]nless otherwise agreed a securityagreement gives the secured partythe right to proceeds provided by Section 9-306.” Thus, to prevail, FINOVA need only have a perfected security interest in the engine in order to have a perfected security interest in the insurance proceeds.Section 9-302(b)(3) of the Arizona UCC governs the procedure for perfection of security interests in aircraft.
The New York UCC, the Delaware UCC, the Wisconsin UCC and the Arizona UCC are sometimes collectively referred to herein as the “UCC”.
Continuation of Arizona UCC Financial Statement recorded March 24, 1999 in Docket 11010, Page 2003.
Continuation of Arizona UCC Financial Statement recorded July 23, 1999 in Docket 11095, Page 325.
Beneficiary: PFC Corporation Amount: $3,176,000.00 ------------------------------------------------------------------------------------------------ Fountain Plaza Arizona UCC Financing Statement executed by and between Fountain Plaza Partners L.P. to PFC Corporation dated July 26, 1993 recorded July 26, 1993 in Docket 9591, Page 2705.
Terms defined in the Arizona UCC which are not otherwise defined in this Security Agreement or the Credit Agreement are used herein as defined in the Arizona UCC.
The Trustee first argues that FINOVA does not have security interest in the $951,503.25 because the money does not constitute “proceeds” as required by Section 47-9306 of the Arizona Uniform Commercial Code (the “Arizona UCC”).1Section 47-9306(b) of the Arizona UCC provides, in relevant part, that: .
This Deed of Trust shall constitute a security agreement within the meaning of Article 9 of the Uniform Commercial Code of the State of Arizona ("UCC") as to the property described in this paragraph 1.14(a) and as to any other property covered and encumbered by this Deed of Trust as to which the provisions of such Article 9 of the UCC may apply, and is intended to create a security interest in such property in favor of Beneficiary.
Upon the occurrence and continuation of such an Event of Default, the Lender shall have all rights and remedies provided by law, including without limitation, those under the Uniform Commercial Code as adopted in Arizona ("UCC"), and may sell the Option Shares in any manner that is not inconsistent with the provisions of the UCC.