UCC Article 9 definition

UCC Article 9 means Article 9 of the Uniform Commercial Code as in effect in the State of New York on July 1, 2001, as same may be amended from time to time.
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Examples of UCC Article 9 in a sentence

  • If Buyer defaults on any of its obligations, Seller shall have all rights and remedies of a secured party under U.C.C. Article 9 or equivalent and may without prejudice, defer further shipment until such defaults are remedied or decline further performance of any agreement with Buyer.

  • Unless a workout or a judicial foreclosure action is contemplated, make arrangements to repossess the collateral using self-help methods pursuant to UCC Article 9 if it can be done without a "breach of the peace.

  • Borrower will give to Security Agent timely written notice (but in any event at least thirty (30) days before the expiration of the period of time specified under applicable Law to prevent lapse of perfection) of any change of its name of or its jurisdiction of organization (as defined in UCC Article 9), and will promptly take any action required by Section 6.1(c)(3) as a result of such change of name or relocation.

  • This Article supersedes former Uniform Commercial Code (UCC) Article 9.

  • Schwarcz, The Impact on Securitization of Revised UCC Article 9, 74 Cm. - KENT L.

  • The agreement includes a granting clause sufficient to grant a security interest under UCC Article 9 (e.g., “Debtor hereby grants to Secured Party a security interest in the Collateral to secure the timely payment and performance of the indebtedness and other obligations under the Regulatory Agreement in favor of HUD”).

  • The definition of “promissory note” in UCC Article 9 likewise requires that the note be in writing.9Section 201 of ESIGN is similar to Section 16 of UETA, but a transferable record (note) under ESIGN must besecured by real estate.

  • Defendants contend that reconsideration is warranted because: (1) FDIC regulations “expressly permit or require” the Bank to do the things it did; (2) UCC Article 9 bars Plaintiffs’ claims against secured creditors; (3) the recently decided Johnson v.

  • UCC Article 9 apples to security interests in promissory notes (including non-negotiable promissory notes) securing obligations as well to sales of promissory notes.

  • UCC Article 9, by contrast, has the very different policy orientation of facilitating voluntary transfers of personal property.

Related to UCC Article 9

  • Article 9 means Article 9 of the UCC.

  • Covered article means any hardware, software, or service that–

  • Model Articles means the model articles for private companies limited by guarantee contained in Schedule 2 of the Companies (Model Articles) Regulations 2008 (SI 2008/3229) as amended prior to the date of adoption of these Articles;

  • Single-service articles means cups, containers, lids, closures, plates, knives, forks, spoons, stirrers, paddles, straws, napkins, wrapping materials, toothpicks, and similar articles intended for one-time, one-person use and then discarded.

  • Amended Articles means the amended articles of JMB, reflecting the alterations to the Original Articles as provided for in the Plan, substantially in the form attached as Schedule “A” to the Plan;

  • Company Articles means the Articles of Incorporation of the Company, as amended.

  • the Articles means these Articles of Association of the Academy Trust;

  • Article 55 BRRD means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.

  • Regulated article means any article of any character carrying or capable of carrying the Boll Weevil, including, but not limited to, cotton plants, seed cotton, cottonseed, other hosts, gin trash, gin equipment, mechanical cotton pickers, and other equipment associated with cotton production, harvesting, or processing.

  • these Articles means these articles of association as altered from time to time and the expression “this article” shall be construed accordingly;

  • Public Art means art that shall be accessible to the public, and includes all forms of original creations of visual art, conceived in any medium, material, or combination thereof, including paintings, drawings, stained glass, and murals in any media; statues, bas relief, mobile, kinetic, electronic, neon, or other sculptures; environmental artworks; fountains, arches or other structures intended for ornament; integrated and functional architectural elements of a structure; video and other media-based works; inscriptions, fiber works, carvings, mosaics, photographs, drawings, collages, textile works and prints; crafts, both decorative and utilitarian in clay, fiber, wood, metal, glass, stone, plastic and other materials; artist-designed public spaces and functional elements which are either a part of a larger project or a separate entity in and of itself.

  • Supplement means the supplemental terms and conditions that apply to the Cloud Service and that are incorporated in an Order Form.

  • Certificate of Arrangement means the certificate of arrangement to be issued by the Director pursuant to subsection 192(7) of the CBCA in respect of the Articles of Arrangement;

  • Support Structure means an existing or new structure that supports or can support a mobile service facility, including a mobile service support structure, utility pole, water tower, building, or other structure.

  • National Pollutant Discharge Elimination System Permit or “NPDES” means a permit issued by the MPCA as required by federal law for the purpose of regulating the discharge of pollutants from point sources into waters of the United States from concentrated animal feeding operations (CAFOs) as defined by federal law

  • Third Party Consent means any permission, consent, license, agreement, authorization or “right to use” required, from a third party (whether under a Third Party Agreement or otherwise):

  • Consent to subcontract means the Contracting Officer’s written consent for the Contractor to enter into a particular subcontract.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Article means an article of this Agreement unless another document is specifically referenced.

  • National Pollutant Discharge Elimination System means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring and enforcing permits, and imposing and enforcing pretreatment requirements under Sections 307, 402, 318, and 405 of the Clean Water Act.

  • Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.

  • Non-Arm s Length Party” means in relation to a Company, a Promoter, officer, director, other Insider or Control Person of that Company (including an Issuer) and any Associates or Affiliates of any of such Persons. In relation to an individual, means any Associate of the individual or any Company of which the individual is a Promoter, officer, director, Insider or Control Person.

  • Section 102 means Section 102 of the Ordinance and any regulations, rules, orders or procedures promulgated thereunder as now in effect or as hereafter amended.

  • Restated Articles means a single document that incorporates the articles together with all amendments made to it;

  • NYUCC means the Uniform Commercial Code as in effect from time to time in the State of New York.

  • National Pollutant Discharge Elimination System (NPDES) means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring, and enforcing permits and imposing and enforcing pretreatment requirements, under Sections 307, 318, 402, and 405 of CWA. The term includes an approved program.