UCC Policy definition

UCC Policy means a UCC title insurance policy in form reasonable acceptable to Administrative Agent issued by the Title Company with respect to the Collateral and insuring the lien of the Pledge Agreement encumbering the Collateral.
Sample 1Sample 2
UCC Policy means the UCC Insurance Policy as issued by Chicago Title Insurance Company as of the date hereof.
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UCC Policy means a so-called “Eagle 9 UCC Insurance Policy” (or equivalent satisfactory to Lender such as a “UCC-Plus Policy”) issued by an insurer reasonably approved by Lender insuring Lender’s first priority perfected security interest in the Collateral in the amount of the Loan with a mezzanine/pledged equity endorsement.
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Examples of UCC Policy in a sentence

  • The Amount of Insurance shall be reduced by (a) any amount the Title Policy Coinsurers pay under the Lender’s Title Policy, or under any policy insuring a Mortgage which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and (b) any amount the UCC Policy Coinsurers pay under the UCC Policy, and the amount so paid shall be deemed a payment to the Insured under this policy.

  • The UCC Policy for Purchasers shall be issued at fifty-percent (50%) of the UCC Insurance Rate shown in paragraph 10.1 herein, minimum charge $500.00, when it is the only UCC policy issued by the Company in a transaction.

  • In a transaction where both real property and personal property secure the same indebtedness and the Company simultaneously issues policies of title insurance covering both the real and personal property, the charge for a UCC Policy of Insurance shall be ninety-percent (90%) of the UCC Insurance Rate shown above, minimum charge $500.00.

  • Each UCC Policy insures that Seller has a first priority perfected security interest in the pledged equity interests and provides coverage in an amount equal to the original principal amount of the related Purchased Loan and immediately following the transfer and assignment of the related Purchased Loan to Buyer, such UCC Policy (or, if it has yet to be issued, the coverage to be provided thereby) will inure to the benefit of Buyer as its interest may appear without the consent of or notice to the insurer.

  • Lender shall have received the UCC Policy referred to in Section 7(b) hereof.

  • In the case of a Mezzanine Loan, if obtained, an Eagle 9 UCC Title Policy ("UCC Policy") insures Seller's security interest in the equity interest pledged thereunder.

  • Borrower represents that it will only sell those Club Memberships described in the Eagle 9 UCC Policy provided by Title Company, and as evidenced by such policy, such sales will not violate the one-to-one purchaser-to-accommodation ratio required by Arizona law (“One to One Ratio”).

  • Administrative Agent shall have received evidence that all premiums in respect of the UCC Policy have been paid.

  • Lender shall have received a commitment to issue the UCC Policy referred to in Section 7(b) hereof subject only to conditions reasonably satisfactory to Lender.

  • The UCC Policy shall (a) provide coverage in the amount of the Loan, (b) insure Administrative Agent and Lender that the Pledge Agreement creates a valid first priority Lien on the Collateral, in each case free and clear of all exceptions from coverage other than the Permitted Encumbrances, and (c) name Administrative Agent (for the benefit of Lender) as the insured.


More Definitions of UCC Policy

UCC Policy means a fully paid UCC Insurance Policy written in the full Loan amount in form and substance satisfactory to Lender and written by Title (or First American Title Insurance Company) insuring title to the Collateral is vested in Borrower, free from all Liens, naming Lender as the insured and insuring that the security interest of the Lender in the Collateral is a valid, perfected first security interest.
Sample 1
UCC Policy means the UCC lender’s policy or policies with endorsements required by Lender, all in form and substance acceptable to Lender and its counsel, issued by Title Company in favor of Lender in the amount of the Loan and insuring all security interests in membership interests in Borrower or Separate Property Owner granted to Lender pursuant to the Accommodation Pledge Agreements.
Sample 1
UCC Policy means, for each Pledge and Security Agreement, an UCC Plus Insurance Policy satisfactory to Lender, issued by the UCC Company, insuring that on the Closing Date the Lender has a first priority perfected security interest in the Collateral described in the Pledge and Security Agreements, with such endorsements as Lender requires.
Sample 1
UCC Policy means the Eagle 9 UCC title policy issued to Lender and insuring the lien of the Pledge on the Collateral.
Sample 1
UCC Policy means an “Eagle 9” or equivalent UCC title insurance policy.
Sample 1

Related to UCC Policy

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Blanket insurance policy means a group policy covering a defined class of

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate

  • Reimbursement insurance policy means a policy of insurance

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Title Company means First American Title Insurance Company.

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Title Policies has the meaning set forth in Section 6.17.