No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or “electronic chattel paper” (as defined in the UCC).
Appears in 7 contracts
Sources: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.)
No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or “"electronic chattel paper” " (as defined in the UCC).
Appears in 1 contract
Sources: Loan Agreement (Lithia Motors Inc)
No Instruments. The Servicer shall take no action to cause any Receivable to be evidenced by any Instrument or “electronic chattel paper” instrument (as defined in the UCC as in effect in the Relevant UCC).
Appears in 1 contract