Uniform Commercial Code definition

Uniform Commercial Code or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral.
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Uniform Commercial Code means the New York Uniform Commercial Code as in effect from time to time.
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Uniform Commercial Code means the Uniform Commercial Code as in effect from time to time in the State of New York.
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Examples of Uniform Commercial Code in a sentence

  • The Company irrevocably elects that each Share certificate, including the rights attendant thereto, will be a security governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of New York and, to the extent permitted by applicable law and not inconsistent therewith, Article 8 of each other applicable jurisdiction.

  • With respect to Securities (other than Loan Assets and assets in the nature of “general intangibles” (as described in Section 3.3(b)(ii) below)) held by the Custodian in its capacity as a “securities intermediary” (as defined in Section 8-102 of the Uniform Commercial Code as in effect in the State of New York (the “UCC”)), the Custodian shall be obligated to exercise due care in accordance with reasonable commercial standards in discharging its duties as a securities intermediary to hold such Securities.

  • Consignor and Consignee intend that all transfers to Consignee of the Inventory are subject to the terms of this Agreement and constitute a consignment as defined by Article 9 of the Uniform Commercial Code as adopted under the laws of the applicable state (the “UCC”).

  • Units shall constitute “securities” governed by Article 8 of the applicable version of the Uniform Commercial Code, as amended from time to time after the Effective Date.

  • The Borrower will not effect or permit any such change unless all filings have been made, or will be made within any statutory period, under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest, for the benefit of the applicable Secured Parties, in all Collateral held by such Loan Party.


More Definitions of Uniform Commercial Code

Uniform Commercial Code. The Uniform Commercial Code as in effect in any applicable jurisdiction from time to time.
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Uniform Commercial Code means the Uniform Commercial Code as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral.
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Uniform Commercial Code means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection.
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Uniform Commercial Code means the Uniform Commercial Code as in effect in the State.
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Uniform Commercial Code or “UCC” shall mean the Uniform Commercial Code as amended and in effect from time to time in the State of New York.
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Uniform Commercial Code means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that if a term is defined in Article 9 of the Uniform Commercial Code differently than in another Article thereof, the term shall have the meaning set forth in Article 9; provided further that, if by reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection, of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection or availability of such remedy, as the case may be.
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Uniform Commercial Code means the Uniform Commercial Code as in effect in the applicable State in which an Individual Property is located.
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