Covers as-extracted collateral
WebAs-Extracted Collateral means (a) oil, gas, or other minerals that are subject to a security interest that: (i) is created by a debtor having an interest in the minerals before … http://business.cch.com/bankingfinance/news/ucc-ben.asp
Covers as-extracted collateral
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WebFINANCING STATEMENT– AS-EXTRACTED COLLATERAL. Grantor hereby grants to Beneficiary as security for the Obligations a security interest in of Grantor’s interest in all …
WebAuthorization of Financing Statements Each Grantor acknowledges that pursuant to Section 9-509(b) of the UCC and any other applicable law, the Collateral Agent is authorized to file or record financing or continuation statements (including financing statements and continuations covering As-Extracted Collateral to the extent not covered by a ... Web2. As-extracted collateral. Under new Article 9, oil, gas, and other minerals that have not been extracted from the ground are treated as real property to which Article 9 does not …
WebTHIS INSTRUMENT COVERS AS-EXTRACTED COLLATERAL AND MINERALS AND OTHER SUBSTANCES OF VALUE WHICH MAY BE EXTRACTED FROM THE EARTH (INCLUDING WITHOUT LIMITATION COAL TO THE EXTENT SET FORTH HEREIN) AND THE LANDS DESCRIBED OR REFERENCED TO IN EXHIBIT AHERETO. WebCOLLATERAL: This financing statement covers the following collateral: 5. Ch eck only if applicable and ch only one box: Collateral is held in a Trust (see UCC1Ad, item 17 and instructions) ... Note: If this financing statement covers timber to be cut, covers as-extracted collateral, and/or is filed as a fixture filing, attach Addendum (Form ...
WebThe term “collateral” as used in this Report and the Illustrative Opinion Letter means all collateral covered by a security instrument.7An opinion letter may use the term or terms defined in the security instrument describing specific collateral where appropriate or a single collective term used in the security instrument, if appropriate, such as …
WebMay 21, 2024 · UCC § 9-504 provides that a financing statement indicates a sufficient description if it states “all assets or all personal property,” or if it complies with UCC § 9-108. T he latter section states that a description of collateral is sufficient if it “reasonably identifies what is described.”. That section also provides a non ... most powerful backpack blower 2017Web6. If this Financing Statement is filed as a fixture filing or if the collateral consists of timber to be cut or as-extracted collateral, complete items 1-5, check the box in item 6, and complete the required information (items 13, 14 and/or 15) on Addendum (Form UCC1Ad). 7. This item is optional. Check appropriate box in item 7 to request Search most powerful backpack blower 2020Web(3) Indicates the collateral covered by the financing statement. (b) Except as otherwise provided in subsection (b) of section 42a-9-501, to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy ... miniinthebox tracking numberWebJun 1, 2000 · Unlike most other types of collateral, which are perfected by filing a financing statement in the state of the debtor's location, financing statements covering as-extracted collateral must be filed in the state where the wellhead or minehead is located. §9-301 (4). most powerful backyard telescopeWebdefinition. Collateral Cover for a Letter of Credit means the Borrower depositing an amount (the “ Collateral Amount ”) of cash or securities into the Custody Accounts in accordance … most powerful backpack blower on the marketWeb(6) "As-extracted collateral" means: (A) oil, gas, or other minerals that are subject to a security interest that: (i) is created by a debtor having an interest in the minerals before … most powerful badminton racketWebJan 21, 2024 · Cover: The act of completing an offsetting transaction so as to eliminate a liability or obligation. It is generally used in the context of risk exposure, as when an … most powerful backpack blower 2021