Filing 20242054390
Prototype. Filings are real public records from state UCC open-data portals. Scores and MCA labels are unverified signals from public records, not findings of distress; verify before any external use.
Why this score
No scored reasons on record.
Lien timeline 1 event
- · Lien filedLoot Financial Services Corp
Collateral, as filed
Filing 20242054390
The sale of Future Receipts pursuant to this Agreement shall constitute and shall be construed and treated for all purposes as a true and complete sale from Seller to Buyer, conveying good title to the Future Receipts free and clear of any liens and encumbrances. To the extent the Future Receipts include any accounts or payment intangibles as those terms are defined in the Uniform Commercial Code as in effect in the state in which the Seller is located (UCC) then: (i) the sale of such accounts or payment intangibles creates a security interest as defined in the UCC, (ii) this Agreement constitutes a security agreement under the UCC, and (iii) Buyer has all the rights of a secured party under the UCC with respect to such accounts or payment intangibles. Seller further agrees that, with or without a breach of this Agreement, Buyer may notify account debtors, or other persons obligated on the Future Receipts, or holding the Future Receipts, of Sellers sale of the Future Receipts