Common use of Security Interest in Proceeds Clause in Contracts

Security Interest in Proceeds. The continuation and perfection of the Agent’s security interest in the proceeds of the Article 9 Collateral are limited to the extent set forth in Section 9-315 of the Virginia UCC.

Security Interest in Proceeds. The continuation and perfection of the Agent’s Beneficiary's security interest in the proceeds of the Article 9 Collateral are is limited to the extent set forth in Section 9-315 of the Virginia UCC.