Examples of Maryland UCC in a sentence
In addition, we call to your attention that perfection (and the effect of perfection and non-perfection) of the security interest of the Administrative Agent in the Pledged Stock may be governed by laws other than those of the Maryland UCC to the extent the Pledged Stock become located in a jurisdiction other than the State of Maryland.
Upon the filing of the Pledged Collateral Financing Statements (as defined in Schedule III) with SDAT, the security interest in that portion of the Pledged Collateral in which a security interest may be perfected by the filing of a financing statement under the Maryland UCC will be perfected.
Section 2-102 makes the Maryland UCC applicable to “transactions in goods,” and Section 2-725 provides that an action for breach of any contract for sale must be commenced within four years after the cause of “action has accrued.” In Scott v.
The Pledge Agreement is effective to create in favor of the Administrative Agent, as security for the obligations under the Pledge Agreement, a security interest in the Pledged Collateral in which a security interest may be created under the Maryland UCC.
Seller shall not amend, supplement, terminate, waive any default under, grant concessions regarding, or otherwise modify in any manner without Purchaser’s consent, the LLC Agreements except that the LLC Agreements may be modified to provide that the membership interests are governed by Article 8 of the Maryland UCC and to provide for the issuance of certificates representing such membership interests.
That statute,although shorter by a year than the four-year statute of limitations of § 2-725 of the Maryland UCC, would, if applicable, have given her an additional fourteen months in which to file her suit, because the three-year limitations period for her “tort” claim would have begun to run 6Maryland Code (1974, 2006 Repl.
Title 3 of the Maryland UCC provides that: an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this article and not governed by this section must be commenced within 3 years after the cause of action accrues.
The following terms used herein shall have the meanings as defined in the Maryland UCC: Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Documents, Equipment, Farm Products, General Intangibles, Goods, Instruments, Inventory, Letter-of-Credit Rights and Supporting Obligations.
It is also unclear whether the associational right in Dale extends to anti-discrimination conditions attached to funding.
Defendants assert a timeliness defense against Silver’s UCC claims.Title 3 of the Maryland UCC provides that: an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this article and not governed by this section must be commenced within 3 years after the cause of action accrues.