Michigan UCC definition
Examples of Michigan UCC in a sentence
All actions or filings, including filings with the Michigan Secretary of State under the Michigan UCC, necessary in any jurisdiction to give the Issuer a valid first priority perfected ownership interest in the Securitization Property and to grant to the Trustee a first priority perfected security interest in the Securitization Property, free and clear of all Liens of the Seller or anyone else have been taken or made.
Such Issuer Opinion of Counsel shall also describe the execution and filing of any filings pursuant to the Michigan UCC and the Delaware UCC of financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the Grant, Lien and security interest of this Indenture until March 31 in the following calendar year.
The Collection Account shall be under the control (within the meaning of Section 8-106 of the Michigan UCC) of the Trustee.
All actions or filings, including filings under either the Michigan UCC or the Delaware UCC, necessary in any jurisdiction to give the Issuer a valid first priority perfected ownership interest in the Transferred Securitization Property and to grant to the Trustee a first priority perfected security interest in the Transferred Securitization Property, free and clear of all Liens of the Seller or anyone else claiming through the Seller, have been taken or made.
In addition to the rights and remedies granted to Bing▇▇▇ ▇▇ this Agreement, Bing▇▇▇ ▇▇▇ll have all the rights and remedies of a secured party under the Uniform Commercial Code of the State of Michigan ("UCC") and under any other applicable law.
The interest of each Member in the Company shall be an “uncertificated security” governed by Article 8 of the Michigan UCC and the UCC as enacted in the State of New York (the “New York UCC”), including, without limitation, (i) for purposes of the definition of a “security” thereunder, the interest of each Member in the Company shall be a security governed by Article 8 of the Delaware UCC and the New York UCC and (ii) for purposes of the definition of an “uncertificated security” thereunder.
All actions or filings, including filings under the Michigan UCC, necessary in any jurisdiction to give the Issuer a valid first priority perfected ownership interest in the Transferred Securitization Property and to grant to the Trustee a first priority perfected security interest in the Transferred Securitization Property, free and clear of all Liens of the Seller or anyone else claiming through the Seller, have been taken or made.
Such Issuer Opinion of Counsel shall also describe the execution and filing of any filings pursuant to the Michigan UCC of financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the perfection of the Lien and security interest of this Indenture until March 31 in the following calendar year.
All terms defined in the Uniform Commercial Code of the State of Michigan, as amended (the " Michigan UCC") as in effect on the date hereof are used herein as so defined, unless the context requires a different meaning.