Physical Property definition

Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

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Physical Property. As defined in clause (b) of the definition of “Delivery.”

Physical Property means (a) bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the New York UCC and are susceptible of physical delivery and (b) Security Certificates.

Examples of Physical Property in a sentence

• The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Initial Deposit and the Class N Reserve Account Initial Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

• Effective upon Delivery of any Reserve Account Property in the form of Physical Property, book-entry securities or uncertificated securities, the Trustee shall be deemed to have purchased such Reserve Account Property for value, in good faith and without notice of any adverse claim thereto.

• Reserve Account Property: (i) The Reserve Account and all proceeds thereof (other than the Investment Earnings thereon) including all cash, investments, investment property and other amounts held from time to time in the Reserve Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities, Financial Assets or otherwise) and (ii) the Reserve Account Initial Deposit and all proceeds thereof (other than the Investment Earnings thereon).

• Effective upon Delivery of any Collateral in the form of Physical Property, book-entry securities or uncertificated securities, the Collateral Agent shall be deemed to have purchased such Collateral for value, in good faith and without notice of any adverse claim thereto.

• Effective upon Delivery of the Reserve Fund property in the form of Physical Property, book-entry securities or uncertificated securities, the Trustee shall be deemed to have purchased such Reserve Fund property for value, in good faith and without notice of any adverse claim thereto.

More Definitions of Physical Property

Physical Property shall have the meaning specified in the definition of the term "Delivery."

Physical Property means instruments within the meaning of Section 9-102(a)(47) of the UCC and certificated securities within the meaning of Section 8-102 of the UCC.

Physical Property. Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the UCC and are susceptible of physical delivery.

Physical Property. (i) bankers' acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute "instruments" within the meaning of Section 9-105(1)(i) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificates. Pooling and Servicing Agreement: The Pooling and Servicing Agreement, dated as of the Closing Date, between GMAC and the Seller, as amended and supplemented from time to time.

Physical Property means (i) bankers' acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute "instruments" within the meaning of Section 9-105(1)(i) of the Relevant UCC and are susceptible of physical delivery and (ii) certificated securities (as defined in Section 8-102 of the Relevant UCC).

Physical Property means personal property constituting Instruments, including bankers' acceptances, commercial paper, negotiable certificates of deposit and other obligations that are susceptible of physical delivery.

Physical Property shall have the meaning specified in paragraph 4.1.1.2.