Common use of Physical Property Clause in Contracts

Physical Property. (i) Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificates.

Appears in 24 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)

Physical Property. (i) Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificatesdelivery.

Appears in 5 contracts

Sources: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)

Physical Property. (i) Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificates. Pooling and Servicing Agreement: The Pooling and Servicing Agreement, dated as of the [Initial] Closing Date, among the Seller, the Servicer and the Depositor, as amended, supplemented or modified from time to time.

Appears in 2 contracts

Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

Physical Property. (i) Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47102(47) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificates.

Appears in 2 contracts

Sources: Trust Sale and Administration Agreement (Central Originating Lease Trust), Trust Sale and Administration Agreement (Central Originating Lease Trust)

Physical Property. (i) Bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47) of the New York UCC and are susceptible of physical delivery and (ii) Security Certificates. Pooling Agreement: The Pooling Agreement, dated as of the [Initial] Closing Date, between the Seller and the Depositor, as amended, supplemented or modified from time to time.

Appears in 1 contract

Sources: Servicing Agreement (Ally Auto Assets LLC)