UCC 2A definition

UCC 2A. In accordance with Section 2A of the Michigan Uniform Commercial Code (MCLA Section 440.3 101 et seq.) ("UCC") Lessee acknowledges either (a) that Lessee has reviewed and approved any written Supply Contract (as defined by UCC Section 2A- 103(i)(y)) covering the Equipment purchased from the "Supplier" (as defined by UCC Section 2A- 103(i)(x)) thereof for lease to Lessee or (b) that Lessor has informed or advised Lessee, in writing, either Previously or by this Lease Schedule of the following: (i) the identity of the supplier; (ii) that the Lessee may have rights under the Supply Contract; and (iii) that the Lessee may contact the Supplier for a description of any such rights lessee may have under the Supply Contract. Lessee acknowledges that Lessee has reviewed and approved the Purchase Order, Supply Contract or Purchase Agreement covering the Equipment purchased from the seller or supplier thereof for lease to Lessee. Lessee's lnitials: /s/CK
Sample 1
UCC 2A. In accordance with Section 2A of the Michigan Uniform Commercial Code (MCLA Section 440.3101 et seq.) ("UCC") Lessee acknowledges either (a) that Lessee has reviewed and approved any written Supply Contract (as defined by UCC Section 2A-103(i)(y)) covering the Equipment purchased from the "Supplier" (as defined by UCC Section 2A-103(i)(x)) thereof for lease to Lessee or (b) that Lessor has informed or advised Lessee, in writing, either previously or by this Lease Schedule of the following: (i) the identity of the supplier; (ii) that the Lessee may have rights under the Supply Contract; and (iii) that the Lessee may contact the Supplier for a description of any such rights lessee may have under the Supply Contract.
Sample 1Sample 2

Examples of UCC 2A in a sentence

  • Customer waives its rights as a lessee under UCC 2A sections 508-522.

  • Lessee makes this acknowledgment so that each such Schedule shall qualify as and be a “finance lease” under UCC 2A.

  • Lessee makes this acknowledgment so that such each Schedule shall qualify as and be a “finance lease” under UCC 2A.

  • As to an Item for which a vendor is shown, this is a UCC 2A "finance lease." Lessee approves the purchase contract for such Item and acknowledges that (a) it has received a copy of such contract if such contract is in writing, (b) Lessor hereby informs it of the vendor's identity and that it may have rights under such contract, and (c) Lessor hereby advises it to contact the vendor for a description of such rights.

  • Identification of the Equipment to each Lease and the related Schedule for purposes of UCC 2A shall be deemed to occur at the earlier of the time the Equipment covered by such Lease is delivered to Lessee or the time the Risk of Loss otherwise passes to Lessor.

  • YOU WAIVE YOUR RIGHTS AS A LESSEE UNDER UCC 2A SECTIONS 508-522, AND YOU IRREVOCABLY WAIVE ANY RIGHT TO NOTICE THEREOF.

  • Customer waives its rights as a lessee under UCC 2A Sections 508-522.

  • CUSTOMER WAIVES ITS RIGHTS AS A LESSEE UNDER UCC 2A SECTIONS 508-522.

  • Patterned on U3C § 1.303, this 3 generally adopts UCC 2A definitions for terms used 4 occasionally in this Act, e.g., "Leasehold interest," 5 "Sublease," "Supplier," etc.

  • Lessee waives any rights under Sections 221, 405 and 406 of the applicable version of Uniform Commercial Code Article 2A ("UCC 2A") and any similar laws or rights, including rights to avoidance, allowance, allocation, modification, and notice.

Related to UCC 2A

  • UCC Financing Statement A financing statement filed, or to be filed, pursuant to the UCC.

  • UCC Financing Statements means collectively the Lender Financing Statements and the Lessor Financing Statements.

  • Financing Statements The meaning specified in Section 9-102(a)(39) of the UCC.

  • Filing Statement means all UCC financing statements or other similar financing statements and UCC (Form UCC-3) termination statements required pursuant to the Loan Documents.

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • UCC Searches has the meaning set forth in Section 3.1(v) hereof.

  • Filing Statements is defined in Section 5.1.13.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Listing Statement means the listing statement of Purchaser pertaining to the Transaction and in the form prescribed by the CSE;

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Request regarding a statement of account means a record authenticated by a debtor requesting that the recipient approve or correct a statement indicating what the debtor believes to be the aggregate amount of unpaid obligations secured by collateral as of a specified date and reasonably identifying the transaction or relationship that is the subject of the request.

  • Fecal coliform means aerobic and facultative, Gram-negative, nonspore-forming, rod-shaped bacteria capable of growth at 44.5° C, and associated with fecal matter of warm-blooded animals;

  • Offering Statement means the offering statement on Form 1-A (File No. [_________]) filed by the Company with the Commission on [_________], and the offering circular filed pursuant to Rule 253(g)(2) of the Securities Act on [_________], pursuant to which the Company has qualified for sale a maximum of $50,000,000 of its Common Shares under Regulation A of the Securities Act, as such offering statement may be amended or supplemented from time to time, or such other offering statements that the Company may qualify or register under the Securities Act from time to time.

  • Secretary of State means the Secretary of State of the State of Delaware.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Draft Closing Statement means a draft closing statement as of the close of business of the fifth (5th) Business Day immediately preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto).

  • Certificate of Trust means the Certificate of Trust in the form of Exhibit B to be filed for the Trust pursuant to Section 3810(a) of the Statutory Trust Statute.

  • Delaware Secretary of State means the Secretary of State of the State of Delaware.

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • organ of state means an organ of state as defined in section 239 of the Constitution;

  • Requesting state means a state which invokes the procedures of the compact to secure the undertaking or intensification of measures to control or eradicate one or more pests within one or more other states.

  • Responding state means a state in which a petition or comparable pleading for support or to determine parentage of a child is filed or to which a petition or comparable pleading is forwarded for filing from another state or a foreign country.

  • Filing means any registration, petition, statement, application, schedule, form, declaration, notice, notification, report, submission or other filing.

  • Billing Statement has the meaning assigned to such term in Section 2.18(g).