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Braving Tempestuous Times

Hell-or-high-water" protection has long been considered a commercial necessity to ensure the free flow of equipment lease financing and now, bolstered by recent changes to the Uniform Commercial Code (UCC), it has been extended to accounts receivable financing of goods and services.

26 minute read January 28, 2010 at 09:08 AM
By
Raymond W. Dusch
Braving Tempestuous Times

In a decade marked by credit crises and financial fraud, lenders, factors, securitization entities and other funding sources that, in good faith, provide lease and accounts receivable financing to leasing companies and vendors must increasingly rely on the absolute, unconditional “hell-or-high-water” nature of the obligations they choose to finance.

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