UCC Search Sample Clauses
A UCC Search clause outlines the requirement for conducting a search of public records to identify any existing Uniform Commercial Code (UCC) filings against a party or specific assets. Typically, this involves searching state databases to determine if there are any liens, security interests, or encumbrances that could affect the ownership or transfer of collateral, such as inventory or equipment. By mandating a UCC search, the clause helps ensure that assets are free from prior claims, thereby protecting the interests of parties in secured transactions and reducing the risk of undisclosed liabilities.
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UCC Search. A Uniform Commercial Code search showing all financing statements and other documents or instruments on file against Borrower in ▇▇▇▇▇▇ County, Texas and the office of the Secretary of State of Texas.
UCC Search. The results of a Uniform Commercial Code search showing all financing statements and other documents or instruments on file against the Borrower in the office of the Secretary of State of Texas, such search to be as of a date no more than ten (10) days prior to the date of the initial Advance or the Letter of Credit;
UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it has a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.
UCC Search. The Agent and each Lender shall have received the results of a search of all filings made against the Borrower and each Guarantor under the Uniform Commercial Code as in effect in any state in which any assets of any Borrower or any Guarantor are located, indicating that the Collateral is free and clear of any liens or encumbrances except for Permitted Liens or for which UCC-3 termination statements are being delivered.
UCC Search. Purchaser shall be satisfied with the results of the UCC search conducted by Seller pursuant to Paragraph 10(a)(xvi) in accordance with the provisions of Paragraph 11 (a)(ii). .
UCC Search. Lender shall have received searches with results reflecting the filing of its financing statements and fixture filings.
UCC Search. The results of a Uniform Commercial Code search ---------- showing all financing statements and other documents or instruments on file against the Borrower and the Guarantors in the office of the Secretary of State of the State of Texas and such other jurisdictions as the Agent may request, each such search to be as of a date no more than 10 days prior to the date hereof;
UCC Search. Seller shall deliver to Buyer within fifteen (15) days after the Effective Date current searches of all Uniform Commercial Code financing statements filed with the Secretary of State of the State respecting Seller, together with searches for pending litigation, tax liens and bankruptcy filings in all appropriate jurisdictions.
UCC Search. The Company shall have completed a Uniform Commercial Code search in the Company to confirm no existing liens.
UCC Search. Any UCC search (SELLER’S title to furniture, fixtures, equipment or appliances) deemed necessary by the PURCHASER or Lender shall be obtained at PURCHASER’S expense. Any encumbrances reflected in the UCC search certificate shall be cancelled in advance of closing or paid out of closing proceeds. SELLER shall pay all costs required to cancel or release any such encumbrances.