Maryland UCC definition
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.
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.
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.
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.
The First Lien Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Maryland UCC or otherwise, shall be to deal with it in the same manner as the First Lien Agent deals with similar property for its own account.
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.
We draw your attention to the fact that the Uniform Commercial Code in effect in the State of Alabama (the “Alabama UCC”) applies to the opinion rendered in paragraph 17 and the Uniform Commercial Code in effect in the State of Maryland (the “Maryland UCC”) applies to the opinions rendered in paragraph 18, but, with your consent, we are KeyBank National Association Page 5 June 29, 2005 rendering these opinions as if the Alabama UCC and the Maryland UCC were identical to the Delaware UCC.
If an Event of Default shall occur and be continuing, the First Lien Agent, on behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Grantor Obligations, all rights and remedies of a secured party under the Maryland UCC or any other applicable law.
The Financing Statement includes not only all of the types of information required by Section 9-502(a) of the Maryland UCC but also the types of information without which the Filing Office may refuse to accept the Financing Statement pursuant to Section 9-516 of the Maryland UCC.