Common use of UCC-1 Financing Statements Clause in Contracts

UCC-1 Financing Statements. UCC-1 financing statements, duly and respectively executed and delivered by each of the Borrowers, which, upon filing in the proper UCC filing offices, will perfect the Banks' security interest in all of the Accounts and General Intangibles of the Borrowers.

Appears in 1 contract

Sources: Loan Agreement (Res Care Inc /Ky/)

UCC-1 Financing Statements. UCC-1 financing statements, duly and respectively executed and delivered by each of the Borrowers, which, upon filing in the proper UCC filing offices, will perfect the Banks' security interest in all of the Accounts and General Intangibles business assets of the BorrowersBorrowers which can be perfected through filing of a UCC-1 statement.

Appears in 1 contract

Sources: Loan Agreement (Group Technologies Corp)