Covers as-extracted collateral

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August undefined, 2024

WebAs-extracted Collateral Law and Legal Definition. Pursuant to the Uniform Commercial Code, the term "As-extracted collateral" means oil, gas, or other minerals that are … Web6. 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

Mortgage Covering As-Extracted Collateral Sample Clauses

WebJun 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). Web(b) Except as otherwise provided in section 34.1-9-501 (b), 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 subsection (a) and also: (i) Indicate that it covers this type of collateral; react native razorpay integration

Louisiana Revised Statutes § 10:10:9-502 - Justia Law

http://business.cch.com/bankingfinance/news/ucc-ben.asp WebDec 26, 2014 · as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if: (1) the record indicates the goods or accounts that it … how to start up new ipad

355.9-502 Contents of financing statement -- Record of

2006 Alabama Code - Section 7-9A-502 - Justia Law

Web(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 … 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. how to start up small businessWebMay 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 ... how to start up my hp laptop

"Web14. ADDITIONAL SPACE FOR ITEM 8 (Collateral): 17. Description of real estate: 16.Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest): 15.This FINANCING STATEMENT AMENDMENT: covers timber to be cut covers as-extracted collateral is filed as a fixture filing 13b. " - Covers as-extracted collateral

Covers as-extracted collateral

Web(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 extraction; and (ii) attaches to the minerals as extracted; or Web(2) Except as otherwise provided in KRS 355.9-501(2), 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 subsection (1) of this section and also: (a) Indicate that it covers this type of ...

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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 … 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 …

WebIf this Financing Statement is to be filed in the real estate records and covers timber to be cut, covers as-extracted collateral, and/or is filed as a fixture filing, complete items 1-4 of … WebMay 5, 2024 · this instrument contains after-acquired property provisions, secures payment of future advances, and covers proceeds of collateral. this instrument covers as …

WebADDITIONAL SPACE FOR ITEM 8 (Collateral) 15. This FINANCING STATEMENT AMENDMENT: 17. Description of real estate: covers timber to be cut covers as-extracted collateral is filed as a fixture filing 16. Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest): 18. … 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 …

WebMortgage Covering As-Extracted Collateral. There are no mortgages that are effective as financing statements covering the Receivables as as-extracted collateral (or the …

Web“As-extracted collateral” is a new term under Revised Article 9, defined as oil, gas, and other minerals, and accounts arising out of the sale of such property, in which the debtor has an interest before extraction and to which a security interest attaches upon extraction. how to start up pre workout businesshttp://ilsos.gov/publications/pdf_publications/ucc3ad.pdf react native react hook form dynamicWeb679.5011(2), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or that is filed as a fixture filing and covers goods that are or are to … how to start up raspberry piWebdefinition. 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 … how to start up steam vrWeb(c) Indicates the collateral covered by the financing statement. (2) Except as otherwise provided in KRS 355.9-501(2), 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 react native realm updateWebCOLLATERAL: 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 ... react native read json fileWeb14.ADDITIONAL SPACE FOR ITEM 8 (Collateral): 17. Description of real estate: 16.Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest): 15.This FINANCING STATEMENT AMENDMENT: covers timber to be cut covers as-extracted collateral is filed as a fixture filing 13b. how to start up podcast