UCC Termination Statements definition

UCC Termination Statements has the meaning set forth in Section 7.3(d).
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UCC Termination Statements means those filings (including, but not limited to, UCC termination statements), registrations and recordings which Buyer may, in its sole discretion, require to terminate any filings (including, but not limited to, UCC financing statements), registrations or recordings with respect to the Facility, including, but not limited to, UCC termination statements terminating all of Lender's UCC financing statements and other filings with respect to the Facility.
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UCC Termination Statements means completed UCC Financing Statement Amendments, in form and substance acceptable to Buyer, to delete the Assets as collateral under, or to terminate, as the case may be, the UCC financing statements listed on Exhibit O.
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Examples of UCC Termination Statements in a sentence

  • Upon such termination, Pledgee will, at Pledgor’s expense, execute and deliver to Pledgor such documents as Pledgor reasonably requests to evidence such termination, including but not limited to UCC Termination Statements.

  • The Company shall deliver to the City UCC Termination Statements and a bill of sale for such portion of the Project Equipment to be executed and delivered by the City upon deposit of such purchase price in the Bond Fund.

  • On any date upon which (i) the Bank shall no longer have any obligation to make any Revolving Credit Loans or issue any Letters of Credit, and (ii) the Obligations shall have been indefeasibly paid in full in cash, the Liens granted hereby shall cease and the Bank shall, at the Grantors' expense, execute and deliver all UCC Termination Statements which the Grantors shall have reasonably requested, and return to the Grantors all Collateral which shall remain in the possession of the Bank at such time.

  • Borrower shall deliver UCC Termination Statements in form and substance acceptable to the Bank terminating security interests not permitted hereunder in the Collateral of the Borrower and in collateral of the Guarantors shall be filed within four weeks of the execution of this Agreement.

  • Seller shall have delivered or caused to be delivered to Buyer, at or before the Closing, UCC Termination Statements and such other releases as Buyer may reasonably request, duly completed and executed by each person having any security interest, lien, claim or other encumbrances or adverse interests in or on any of the Purchased Assets which are required to be terminated pursuant to Section 7.1 above, in order to evidence the termination thereof.

  • The Existing Guarantor and its attorneys and agents are irrevocably authorized, on the Trustee’s behalf, as Collateral Agent, to file the UCC Termination Statements and any other documents necessary to terminate the security interests of the Trustee, as Collateral Agent, in the Pledged Collateral of the Existing Guarantor and/or to discharge UCC Financing Statements previously filed by the Collateral Agent against the Existing Guarantor with respect to the Pledged Collateral of the Existing Guarantor.

  • Surety hereby authorizes Quanta and/or its designee(s) to file any and all such UCC Termination Statements and any other UCC Termination Statements and lien releases with the appropriate filing offices.

  • Contemporaneously therewith, Seller and the Founders shall obtain U.C.C. Termination Statements from each of the Creditors to reflect the release of collateral securing the Payoff Amount and further agree to take all necessary action to cause such U.C.C. Termination Statements to be recorded in such counties or other jurisdictions as shall be necessary to reflect the delivery to the Creditors of the Payoff Amount.

  • The Buyer shall have received payoff statements and UCC Termination Statements, if applicable, from each holder of Company Debt and each finance lease of equipment, which Company Debt and finance leases of equipment shall be paid off by the Stockholders at Closing.

  • Buyer shall have received UCC Termination Statements (if applicable) and other agreements or documents terminating any and all liens, security interests or encumbrances of record with respect to the Purchased Assets and/or the Business.


More Definitions of UCC Termination Statements

UCC Termination Statements means the Delaware UCC Termination Statement in respect of the UCC Financing Statement 32330408 relating to the Collateral subject to the Lien of the Spare Engine and Simulator Security Agreement, dated as of December 12, 1997, between the Borrower and Mizuho Corporate Bank, Ltd. as assignee from The Industrial Bank of Japan, Limited as Agent.
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UCC Termination Statements means the UCC3 Termination Statements in the forms attached hereto as Exhibit H.
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UCC Termination Statements means, collectively, all such UCC-3 termination statements as may be required to be filed with the appropriate Governmental Authority, each duly authorized by or on behalf the secured party named therein, in order to terminate any and all UCC financing statements of record covering all or any portion of the Collateral (other than financing statements in favor of the Administrative Agent and the Collateral Agent, respectively, contemplated by the Transaction Documents and the Subordinated Documents).
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UCC Termination Statements means the Delaware UCC Termination Statement in respect of (i) the UCC Financing Statement 10758255 relating to the IAE International Aero Engines bearing manufacturer serial numbers V10676, V10783 and V10817 subject to the Lien of the Spare Engine and Simulator Security Agreement, dated as of December 12, 1997, between the Borrower and Mizuho Corporate Bank, Ltd. as assignee from The Industrial Bank of Japan, Limited as Agent; and (ii) the UCC Financing Statement 32330358 relating to the CFM International, Inc. Engines bearing manufacturer serial numbers 720601, 720772, 720867, 721179 and 721395, the IAE International Aero Engines bearing serial numbers V0089, V0340, V10120, V10335, V10516, V10549 and V10642 and the Rolls Royce Engine bearing manufacturer serial number 30503.
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Related to UCC Termination Statements