New Mexico UCC definition
Examples of New Mexico UCC in a sentence
Mortgagee shall have and may exercise any and all other rights which Mortgagee may have under the New Mexico UCC, by virtue of the Security Documents, at law, in equity or otherwise.
Lender shall also be entitled to foreclose its security interests against the Personal Property in accordance with any other rights and remedies Lender may have as a secured party under, the New Mexico UCC.
Clerk Taos County, New Mexico UCC Book: 907 Page: 35 ARP Production Company, LLC Wilmington Trust, National Association, as Collateral Agent Fixture filing.
This Mortgage shall be self-operative and shall constitute a security agreement pursuant to the provisions of the New Mexico UCC with respect to the Collateral that constitutes personal property under the New Mexico UCC.
In exercising any remedies, Lender may proceed against the items of real property and any items of personal property specified above as part of the Property separately or together and in any order whatsoever, without in any way affecting the availability of Lender's remedies under the New Mexico UCC or of the remedies provided in Article VIII of this Instrument.
Upon Default, the Mortgagee shall have the rights and remedies of a secured party under the New Mexico UCC as well as all other rights and remedies available under this Mortgage and at law or in equity, and, at the Mortgagee’s option, the Mortgagee may also invoke the remedies provided elsewhere in this Mortgage as to such Collateral.
Without the prior written consent of Lender, which consent may be withheld for any reason whatsoever or no reason, as Lender may determine in its sole and absolute discretion, Borrower shall not create or suffer to be created pursuant to the New Mexico UCC any other security interest in said items, including replacements and additions thereto.
Upon the occurrence of an Event of Default (as that term is defined in Article VII below), including the covenants to pay when due all sums secured by this Instrument, Lender shall have the remedies of a secured party under the New Mexico UCC and, at Lender's option, may also invoke the remedies provided in Article VIII of this Instrument as to such items.
This Instrument is also intended to be a security agreement between Borrower, as debtor, and Lender, as secured party, pursuant to the New Mexico Uniform Commercial Code ("New Mexico UCC") for any of the items specified above as part of the Property which, under applicable law, may be subject to a security interest pursuant to the New Mexico UCC, and Borrower hereby grants Lender a security interest in all such items.
On behalf of themselves and other similarly situated class members, Plaintiffs bring claims against Defendant Red Rock, under §§ 55-9-611, 55-9-614, and 55-9-623 of the New Mexico UCC, challenging Red Rock’s allegedly illegal repossession practices.