Common use of Lien Release Clause in Contracts

Lien Release. The Purchaser shall have received evidence of the release of all Liens, other than Permitted Liens, on the Transferred Assets in form and substance reasonably satisfactory to the Purchaser and any accounts receivable or other assets that constitute Transferred Assets subject to any securitization or other similar arrangement shall have been transferred to Purchaser or a Transferred Entity in form and substance reasonably acceptable to Purchaser.