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  1. #1
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    Quote Originally Posted by sean bash View Post
    Speaking of stacking and getting sued, check out this UCC language I stumbled upon filed by a funder that actually uses the term tortious interference:

    All assets now or hereafter acquired and wherever located, including but not limited to, the following subcategories of assets: a. Accounts, including but not limited to, credit card receivables, b. Chattel Paper; c. inventory; d. Equipment; e. Instruments, including but not limited to, Promissory Notes; f. Investment Property; g. Documents; h. Deposits Accounts;, i. Letter of Credit Rights; j. General Intangibles; k. Supporting Obligations; and l. Proceeds and Products of the foregoing.

    NOTICE PURSUANT TO AN AGREEMENT BETWEEN DEBTOR SECURED PARTY, DEBTOR HAS AGREED NOT TO FURTHER ENCUMBER THE COLLATERAL DESCRIBED HEREIN, THE FURTHER ENCUMBERING OF WHICH MAY CONSTITUTE THE TORTIOUS INTERFERENCE WITH THE SECURED PARTY'S RIGHT BY SUCH ENCUMBRANCER IN THE EVENT THAT ANY ENTITY IS GRANTED A SECURITY INTEREST IN DEBTOR'S ACCOUNTS, CHATTEL PAPER OR GENERAL INTANGIBLES CONTRARY TO THE ABOVE, THE SECURED PARTY ASSERTS A CLAIM TO ANY PROCEEDS THEREOF RECEIVED BY SUCH ENTITY.
    Sean, great catch! Any desire to share which funder this came from?

  2. #2
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by DirectMedia_Scott View Post
    Sean, great catch! Any desire to share which funder this came from?
    Not sure. They use a third party agency to protect their identity:

    Secured party: OBSCURITY 5 INC., AS AGENT

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