No Financing Statement Sample Clauses
The "No Financing Statement" clause prohibits a party from filing or permitting the filing of any financing statement or similar document that could create or imply a security interest in the assets covered by the agreement. In practice, this means that neither party may register a claim or lien against the other party’s property in public records, such as those maintained under the Uniform Commercial Code (UCC), unless expressly permitted by the agreement. This clause serves to protect the owner’s title to the assets and prevents unauthorized encumbrances, thereby ensuring that the property remains free from third-party claims or liens.
No Financing Statement. No effective financing statements or other instruments similar in effect covering any Asset of the Borrower are on file in any recording office, except those filed in favor of the Program Agent pursuant to this Agreement.
No Financing Statement. There is no financing statement covering all or any part of the Property or its proceeds on file in any public office, except with respect to the Loan.
No Financing Statement. There are no effective financing statements covering any of the Collateral, except for those financing statements filed in connection with the Loan.
No Financing Statement. No financing statement is on file in any public office covering any of the Collateral, except (i) in favor of Secured Party and (ii) that ▇▇▇▇▇▇ Financial, Inc. and/or ▇▇▇▇▇ Fargo Bank have filed financing statements, but have waived their security interests, if any, in the Collateral.
No Financing Statement. Except with respect to the Permitted Encumbrances, there is no financing statement covering all or any part of the Property or its proceeds on file in any public office.
No Financing Statement. There are no effective financing statements covering any of the Collateral, except for the Financing Statement.
No Financing Statement. To Borrower’s Knowledge there is no financing statement covering all or any part of the Property or its proceeds on file in any public office, except with respect to the Loan.
No Financing Statement. To Grantor's knowledge, there ---------------------- is no financing statement covering all or any part of the Property or its proceeds on file in any public office.
No Financing Statement. Except for (i) security interests granted hereby and under the Batch Purchase Agreement, (ii) any other security interests in favor of Secured Party, and (iii) Permitted Liens, absolute title to all the Collateral, free and clear of all liens, security interests and encumbrances, is, or at the time of acquisition thereof will be, vested in Borrower. The liens and security interests in the Collateral in favor of Secured Party shall be first priority, perfected liens and security interest. No financing statement or security agreement covering any of the Collateral or its proceeds is on file in any public office, except as herein set forth.
No Financing Statement. There is no effective financing statement (or similar statement, mortgage or instrument of registration under the law of any jurisdiction) now on file or registered in any public office filed or purporting to be filed by the Servicer covering any interest of any kind in the Loan or the Loan Documents or intended so to be.