Supporting Obligation

Example Definitions of "Supporting Obligation"
Supporting Obligation. Shall have the meaning given that term in the UCC and shall also refer to a Letter-of-Credit Right or secondary obligation that supports the payment or performance of an Account, Chattel Paper, a Document, a General Intangible, an Instrument, or Investment Property.
Supporting Obligation. Defined in the Uniform Commercial Code in effect from time to time in the State of New York
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