Filer Beware: A Lesson on the UCC-3 Termination StatementSmith, Levi
Filing Statement means all UCC financing statements or other similar financing statements and UCC (Form UCC-3) termination statements required pursuant to the Loan Documents. Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2001, and the related Consolidated ...
19 Jul 2005 the Filing of a Registration Statement Under Rule. 433. (A) Overview For example, see General Instruction I.C. to Form S-3. Learn more 9-513. TERMINATION STATEMENT. | US Law (a) [Consumer goods.] A secured party shall cause the secured party of record for a financin...
if after the 20-day interval this has not occurred, the debtor may then file a UCC-3 termination statement. There are various scenarios that could arise in which debtors may want/need to terminate a UCC filing on themselves. For example, what if a secured party does not terminate a valid...
Once you request your lender remove your UCC lien, they should provide you with confirmation that the UCC-3 termination has been filed. Be smart about UCC filings When you accept the terms a lender proposes to you, it’s important to understand that you’re accepting an agreement that may ...
So really, there's no such thing as a partial termination. It's kind of all or nothing. It goes to all of the secured party's interest in that Financing Statement. And that creates some traps for the unwary here because a UCC3 Termination Statement may not terminate the record. If it...
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Second Circuit Rules Unintended UCC Termination Statement Was AuthorizedSteven T. Waterman
(or post-effective amendment thereto), and any information that we or the Portfolio may issue to you as a supplement to such prospectus or statement of additional information (a "sticker"), all as filed with the Securities and Exchange Commission (the "SEC") pursuant to the Securities Act ...
UCC1Ad - UCC Financing Statement Addendum (Rev. 5/21/09†) UCC1AP - UCC Financing Statement Additional Party (New 5/22/02) UCC3 - UCC Financing Statement Amendment (Rev. 5/22/02) (continuation termination etc.) UCC3Ad - National Financing Statement Amendment Addendum (Rev. 7/29/98)...