Lien Release Letters. Without limiting anything contained herein, at or prior to the Closing, Company shall cause any and all Liens, including without limitation any Liens related to the Equipment Notes and the Truck Notes, to be completely and fully discharged and, on or prior to the Closing Date, Company shall deliver to Buyer a letter (each, a “Lien Release Letter” and, collectively, the “Lien Release Letters”) from each Person holding any such Lien to the effect that such Lien has been completely and fully discharged and, if not filed on or prior to the Closing Date, each such Lien Release Letter shall authorize Company or Buyer (or any representative thereof) to file a termination statement in respect of such Lien in accordance with the terms of applicable law.
Appears in 1 contract
Lien Release Letters. Without limiting anything contained herein, at or prior to the Closing, Company shall cause any and all Liens, including without limitation any Liens related to the Equipment Notes and the Truck Notesother than Permitted Liens, to be completely and fully discharged and, on or prior to the Closing Date, Company shall deliver to Buyer a letter (each, a “Lien Release Letter” and, collectively, the “Lien Release Letters”) from each Person (including without limitation a Lien Release Letter from Cool ▇▇▇▇) holding any such Lien to the effect that such Lien has been completely and fully discharged and, if not filed on or prior to the Closing Date, each such Lien Release Letter shall authorize Company or Buyer (or any representative thereof) to file a termination statement in respect of such Lien in accordance with the terms of applicable law.
Appears in 1 contract
Sources: Securities Purchase Agreement (HII Technologies, Inc.)