Illinois UCC definition

Illinois UCC means the Illinois Uniform Commercial Code as in effect from time to time.

Illinois UCC means the Illinois Uniform Commercial Code as in effect from time to time in the State of Illinois.

Illinois UCC means the Uniform Commercial Code as now in effect in the State of Illinois, “New York UCC” shall mean the Uniform Commercial Code as now in effect in the State of New York and “Texas UCC” shall mean the Uniform Commercial Code as now in effect in the State of Texas. As used in this letter, “Applicable UCC” shall mean the California UCC and/or the Delaware UCC (as defined below) and/or the Illinois UCC and/or the New York UCC and/or the Texas UCC, as applicable. Except as otherwise stated herein, as to factual matters, we have, with your consent, relied upon the foregoing and upon oral or written statements and representations of officers and other representatives of the Loan Parties and others, including the representations and warranties of the Loan Parties in the Loan Documents. We have not independently verified such factual matters. Except as otherwise stated herein, we are opining as to the effect on the subject transaction only of (A) the federal laws of the United States; (B) the internal laws of the State of New York; (C) with respect to numbered paragraphs 1(a), 2(a), 3(a), 4 and 5 of this letter, the Delaware General Corporation Law (the “DGCL”) or the Delaware Limited Liability Company Act (“DLLCA”); (D) with respect to numbered paragraphs 1(b), 3(a), 4(a) and 5 of this letter, the California Corporations Code (the “CCC”); (E) with respect to numbered paragraphs 1(c), 3(a), 4(a) and 5 of this letter, the Illinois Business Corporation Act (the “IBCA”); (F) with respect to numbered paragraphs 1(e), 3(a), 4(a) and 5 of this letter, the Texas Business Organizations Code (the “TBOC”); (G) with respect to numbered paragraph 8(b) of this letter, the California UCC; (H) with respect to numbered paragraph 8(a) of this letter, the Delaware UCC (as defined below); (I) with respect to numbered paragraph 8(c) of this letter, the Illinois UCC; (J) with respect to numbered paragraphs 7, 8(d) and 9 of this letter, the New York UCC; and (K) with respect to numbered paragraph 8(e) of this letter, the Texas UCC and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction or, in the case of Delaware, any other laws, or as to any matters of municipal law or the laws of any local agencies within any state. With your permission, we have based our opinions set forth in paragraph 8(a) exclusively upon our review of Article 9 of the Uniform Commercial Code of the State of Delaware as set forth in the C...

Examples of Illinois UCC in a sentence

• Except as limited by the other provisions of this MMA or other Product Operating Agreements (“POAs”), and the pre-emption provisions of applicable federal law, rules and regulations, the parties shall have the same rights, obligations, and liabilities to each other with respect to transactions involving the Settlement Accounts as would be provided under the Illinois UCC, as amended from time to time, if Xxxxxx were a “bank” and Member were its “customer” under such Code.

• Under the Illinois UCC, if the financing arrangement resulted in a sale of the Franchisee Notes, then Sanwa would be entitled to all proceeds received from the Franchisee Notes unless the Letter Agreement provides otherwise.

• Cannon argues that it is entitled to summary judgment on counts I, IV, V, and VI, because under the Illinois UCC, a plaintiff must notify the seller within a reasonable time after discovery of a breach.

• Section 9-702(c) provides, however, that “Revised Article 9 does not affect an action, case, or proceeding commenced before Revised Article 9 takes effect.” Illinoisdistinction between an outright sale and a transaction intended to create a security interest can be significant as there are different rules about who is entitled to keep any surplus.Section 9-502(2) of the Illinois UCC concerns rights to any surplus.

• Illinois UCC § 9-502(2) (“If the security agreement secures an indebtedness, the secured party must account to the debtor for any surplus.”).

More Definitions of Illinois UCC

Illinois UCC means the UCC as in effect in Illinois on the date hereof.

Illinois UCC means the Uniform Commercial Code as in effect on the date hereof in the State of Illinois (without regard to laws referenced in Section 9-201 thereof). “Delaware UCC” means the Uniform Commercial Code as in effect on the date hereof in the State of Delaware (without regard to laws referenced in Section 9-201 thereof).

Illinois UCC mean the Uniform Commercial Code as in effect on the date hereof in the State of Illinois. References in this opinion letter to the “California UCC” mean the Uniform Commercial Code as in effect on the date hereof in the State of California. For purposes hereof, (a) the documents listed in items (a) through (i) above (each in the form reviewed by us for purposes of this opinion letter) are called the “Operative Documents” and (b) the documents listed in items (b) through (i) (each in the form reviewed by us for purposes of this opinion letter) are called the “Security Documents”. References in this opinion letter to the “IP Security Agreements” mean the Trademark Security Agreements and the Copyright Security Agreements, collectively. The term “Organizational Documents” whenever used in the letter means the certificate or articles of incorporation (or the equivalent thereof), as applicable, of each Credit Party, and the by-laws or limited liability company agreement (or the equivalent thereof), as applicable, of each Credit Party, as in effect on the date hereof. Subject to the assumptions, qualifications, exclusions and other limitations which are identified in this opinion letter, we advise you, and with respect to each legal issue addressed in this opinion letter, it is our opinion, that:

Illinois UCC the Uniform Commercial Code as from time to time in ------------ effect in the State of Illinois.

Illinois UCC. Utah UCC,"

Illinois UCC means the Uniform

Illinois UCC means the Illinois Uniform Commercial Code as in effect from time to time. “Instruments” shall have the meaning set forth in Article 9 of the Illinois UCC.