Commercial Transactions Act definition

Commercial Transactions Act means Act No. 208 of August 17, 1995, as amended, known as the “Commercial Transactions Act of the Commonwealth of Puerto Rico.”
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Commercial Transactions Act and "UCC" shall mean the Uniform Commercial Code.
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Commercial Transactions Act means the Uniform Commercial Code of Florida, codified in Chapter 679, Florida Statutes, as amended, and in effect from time to time in Florida.
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Examples of Commercial Transactions Act in a sentence

  • Commercial Transactions Act (known in the Spanish language as the "Ley de Transacciones Comerciales"), 19 L.P.R.A. §§ 401 etseq., was enacted through Law No. 208 of August 17, 1995 (hereafter referenced to as the "PR-UCC").

  • Those transactions covered by the Commercial Transactions Act shall be applicable to, including "any transaction (regardless of its form) which is intended to create a security interest in personal property or fixtures including goods, documents, instruments, general intangibles, chattel paper or accounts." 19 L.P.R.A. § 2002(a).

  • In addition, without limiting the foregoing, the terms “accounts”, “chattel paper”, “goods”, “instruments”, “intangibles”, “proceeds”, “securities”, “investment property”, “document of title”, “inventory” and “equipment”, as and when used in the description of Collateral (a) located in Canada shall have the meanings given to such terms in the PPSA and (b) located in Puerto Rico shall have the meanings given to such terms in the Commercial Transactions Act of Puerto Rico.

  • With respect to the UCC-3 Amendments, Plaintiff further asserts that later UCC-3 amendment filings were insufficient to cure the defects in the 2008 UCC-1 filings because thelater filings did not reference the official legal name of the debtor entity, which had been changed in the interim.Puerto Rico first adopted its version of Article 9 of the Uniform Commercial Code (the “UCC”), known as the Commercial Transactions Act of 1996 (“Former PR UCC”), on September 19, 1996.

  • Meetings may take place in person, by conference call, or by any other means permitted under the Commercial Transactions Act.

  • Capitalized terms used in this Agreement have the meanings specified in this Article 1 or elsewhere in this Agreement and if not so specified, have the meanings set forth in the Commercial Transactions Act.

  • All terms used herein which are defined in the Puerto Rico Commercial Transactions Act shall have the meanings given therein unless otherwise defined in this Agreement.

  • A Member may waive notice of a meeting by sending a signed waiver to the Company’s principal executive office or as otherwise provided in the Commercial Transactions Act.

  • Unless otherwise stated in this Agreement (for example, in Section 4.l(c)) or required under the Commercial Transactions Act, the vote of the Members holding at least a majority of the Voting Interest of the Company is required to approve or carry out an action.

  • The timing and amount of distributions will be determined by the Managers in accordance with the Commercial Transactions Act and as set forth in Section 3.3.


More Definitions of Commercial Transactions Act

Commercial Transactions Act means the Uniform Commercial Code of Florida, codified in Chapter 679, Florida Statutes, as amended, and in effect from time to time in Florida. “Default” shall mean any event which, with the giving of notice or the lapse of time, or both, would, unless cured or waived, become an Event of Default. “Default Interest Rate” means the rate of interest of Seventeen Percent ( 17%) per annum. “Distillery” means that certain 17,500, plus or minus, square foot plant located on the Property and all equipment and licenses (now or hereafter obtained) associated with the Property. “Distillery Purchase Contract” means that certain Contract to be entered into between Panache Distillery, LLC as Buyer and Xxxxxxx Joint Venture, V-3 Ventures, LLC and Empire Joint Venture, a Florida general partnership as Sellers involving the acquisition of the Property and the Distillery. “Eligible Institution” shall mean any of :(a) a depository institution or trust company insured by the Federal Deposit Insurance Corporation, (b) a brokerage firm insured by the Securities Investor Protection Corporation, (c) the short term unsecured debt obligations or commercial paper of which are rated at least "A-I+" (or its equivalent) from two (2) of the Rating Agencies in the case of accounts in which funds are held for thirty (30) days or less and (d) the senior unsecured debt obligations of which are rated at least "A" (or its equivalent) from two (2) of the Rating Agencies in the case of accounts in which funds are held for more than thirty (30) days or (e) such other Approved Depository institution as shall be selected by Borrower, subject to approval by Lender, such approval not to be unreasonably withheld, from time to time. X.X. Xxxxxx & Company shall be deemed to be approved by the Lender. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder, and published interpretations thereof. “Escrow Agent” shall mean Chicago Title Insurance Company, 00000 XX 00xx Xxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxx 00000. “Event of Default” means any of the events specified in Article 8. “Excess Cash Flow” shall mean the amount, determined for any monthly accounting period during the term of the Loan, equal to the excess of gross revenues derived from operation in the ordinary course of business for that period, above: (i) the operating costs for the business which are paid or properly accrued during that period, including ...
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Related to Commercial Transactions Act

  • Financial Transaction means purchase, redemption, exchange or any other transaction involving the movement of Shares initiated by an End-User.

  • Material Transaction means any material transaction in which the Company or any of its subsidiaries proposes to engage or is engaged, including a material purchase or sale of assets or securities, financing, merger, consolidation, tender offer or any other material transaction that would require disclosure pursuant to the Exchange Act, and with respect to which the board of directors of the Company reasonably has determined in good faith that compliance with this Agreement may reasonably be expected to either materially interfere with the Company’s or such subsidiary’s ability to consummate such transaction in a timely fashion or require the Company to disclose material, non-public information prior to such time as it would otherwise be required to be disclosed.

  • WHS Act means the Work Health and Safety Act 2011 (Qld) or the Work Health and Safety (National Uniform Legislation) Act 2012 (NT), where applicable. WHS EPH means Workplace Health and Safety Entry Permit Holders under the WHS Act. Workplace Impairment Policy and Procedures means the Workplace Impairment Policy and Procedures found in APPENDIX 4.

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Public Works Act means the Public Works Xxx 0000;

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • Labour Relations Act means the Labour Relations Act, 1995 (Act No. 66 of 1995);

  • FCC Regulations means the regulations duly and lawfully promulgated by the FCC, as in effect from time to time.

  • FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • EC Merger Regulation means the Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings.

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • HSR Act means the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.

  • Electronic Transactions Act means the Electronic Transactions Act (As Revised) of the Cayman Islands.

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1991 Act means the Water Industry Act 1991(a);

  • Communications Act means the Communications Act of 1934, as amended.

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • Banks Act means the Banks Act, 1990 (Act No. 94 of 1990);

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Norway giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer, including, without limitation to the generality of the foregoing, CRD, the BRRD and those regulations, requirements, guidelines and policies giving effect to any MREL Requirement or any successor regulations then in effect (whether or not such requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to the Issuer or to the Issuer and its subsidiaries);

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Fair Labor Standards Act means the Fair Labor Standards Act, 29 U.S.C. §201 et seq.