{"component": "clause", "props": {"groups": [{"size": 14, "snippet": "When any portion of the Collateral is transferred as permitted by the terms hereof, the security interest in and the Lien on such Collateral shall automatically be released, and the Secured Parties will no longer have any security interest in, lien on, or claim against such Collateral. The Administrative Agent agrees to file termination statements and take all other action reasonably requested by the Borrower (at the Borrower\u2019s expense) to evidence such release.", "samples": [{"hash": "gfvCMRTOLnX", "uri": "/contracts/gfvCMRTOLnX#lien-release", "label": "Credit Agreement (Home Point Capital Inc.)", "score": 34.3579750061, "published": true}, {"hash": "jZQEiB32OfG", "uri": "/contracts/jZQEiB32OfG#lien-release", "label": "Credit Agreement (Home Point Capital Inc.)", "score": 33.6078033447, "published": true}, {"hash": "1SIXq2FU0OF", "uri": "/contracts/1SIXq2FU0OF#lien-release", "label": "Credit Agreement (Home Point Capital Inc.)", "score": 33.2053375244, "published": true}], "snippet_links": [{"key": "the-collateral", "type": "definition", "offset": [20, 34]}, {"key": "the-terms", "type": "definition", "offset": [66, 75]}, {"key": "the-security-interest", "type": "definition", "offset": [84, 105]}, {"key": "the-lien", "type": "clause", "offset": [113, 121]}, {"key": "collateral-shall", "type": "definition", "offset": [130, 146]}, {"key": "the-secured-parties", "type": "clause", "offset": [178, 197]}, {"key": "to-file", "type": "definition", "offset": [319, 326]}, {"key": "termination-statements", "type": "definition", "offset": [327, 349]}, {"key": "all-other-action", "type": "clause", "offset": [359, 375]}, {"key": "by-the-borrower", "type": "clause", "offset": [397, 412]}], "hash": "301bd21f9f156ec4a030cdae5e2325d9", "id": 1}, {"size": 8, "snippet": "Any and all Liens on the Shares and any and all Liens (other than Permitted Liens) on the properties and assets of the Company shall have been terminated and released pursuant to documentation in form and substance satisfactory to Purchaser.", "samples": [{"hash": "kTniIKD3N2U", "uri": "/contracts/kTniIKD3N2U#lien-release", "label": "Stock Purchase Agreement (Proficient Auto Logistics, Inc)", "score": 35.2751541138, "published": true}, {"hash": "k78VAtqlqAC", "uri": 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Lien.", "samples": [{"hash": "8Pu7v68ksYC", "uri": "/contracts/8Pu7v68ksYC#lien-release", "label": "Credit Agreement (New Mountain Private Credit Fund)", "score": 35.3586578369, "published": true}, {"hash": "Q7UTFe7abQ", "uri": "/contracts/Q7UTFe7abQ#lien-release", "label": "Second Amendment to First Amended and Restated Credit Agreement (New Mountain Private Credit Fund)", "score": 35.1560592651, "published": true}, {"hash": "g8xPSdL1kNL", "uri": "/contracts/g8xPSdL1kNL#lien-release", "label": "First Amendment to First Amended and Restated Credit Agreement (New Mountain Private Credit Fund)", "score": 34.3620796204, "published": true}], "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [25, 49]}, {"key": "sole-discretion", "type": "clause", "offset": [57, 72]}, {"key": "loan-obligations", "type": "definition", "offset": [91, 107]}, {"key": "by-the-borrower", "type": "clause", "offset": [132, 147]}, {"key": "existing-lien", "type": "clause", "offset": [157, 170]}], "hash": "072f11c4ad283add1df947c8342c37ae", "id": 3}, {"size": 3, "snippet": "The Company shall provide a UCC-3 Termination Statement or other evidence reasonably satisfactory to Parent that the liens on the Company\u2019s assets in favor of The Royal Bank of Canada have been released.", "samples": [{"hash": "fREEDBxcywZ", "uri": "/contracts/fREEDBxcywZ#lien-release", "label": "Merger Agreement (Hostopia.com Inc.)", "score": 21.0, "published": true}, {"hash": "97cuNIB6am4", "uri": "/contracts/97cuNIB6am4#lien-release", "label": "Merger Agreement (Deluxe Corp)", "score": 21.0, "published": true}, {"hash": "5eeQ8Pqwf1C", "uri": "/contracts/5eeQ8Pqwf1C#lien-release", "label": "Merger Agreement (Hostopia.com Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "provide-a", "type": "definition", "offset": [18, 27]}, {"key": "termination-statement", "type": "clause", "offset": [34, 55]}, {"key": "other-evidence", "type": "definition", "offset": [59, 73]}, {"key": "to-parent", "type": "definition", "offset": [98, 107]}, {"key": "the-liens", "type": "clause", "offset": [113, 122]}, {"key": "in-favor-of", "type": "clause", "offset": [147, 158]}, {"key": "royal-bank-of-canada", "type": "definition", "offset": [163, 183]}], "hash": "53c168df84972da9f100ea7eff7cc49c", "id": 7}, {"size": 4, "snippet": "Each of the Caesars Parties shall use their reasonable best efforts to facilitate and encourage the making of any filings, releases, discharges, deeds and other documents necessary to evidence the release by all financial institutions and other Persons (the \u201cLenders\u201d) of all Liens (other than Permitted Liens) on the Purchased Equity Interests or any property or assets of the Company Parties or their respective Subsidiaries relating to Indebtedness owed by any of the Caesars Parties or their Subsidiaries (\u201cLender Liens\u201d), and all obligations (including guarantee obligations) of the Company Parties and their respective Subsidiaries in respect of such Indebtedness (\u201cLoan Obligations\u201d), before or substantially simultaneously with the Closing. Each of the Caesars Parties shall request that the Lenders deliver letters or similar written confirmation (each, a \u201cRelease Confirmation\u201d), before or substantially simultaneously with the Closing, confirming that (a) all Lender Liens shall be, upon the Closing Date, released by all lenders thereunder and (b) all Loan Obligations shall be, upon the Closing Date, released. Each of the Caesars Parties shall keep Growth Partners reasonably informed (orally and in writing) on a current basis regarding any material developments relating to their request for Release Confirmations. Notwithstanding the foregoing, the Parties acknowledge and agree that the Indebtedness outstanding under the Bill\u2019s Credit Facility will remain outstanding at Closing and, for the avoidance of doubt, the Liens securing such Indebtedness will not be released.", "samples": [{"hash": "fb4pHIwkffq", "uri": "/contracts/fb4pHIwkffq#lien-release", "label": "Transaction Agreement (CAESARS ENTERTAINMENT Corp)", "score": 25.1670093536, "published": true}, {"hash": "9hqWclmWzWx", "uri": "/contracts/9hqWclmWzWx#lien-release", "label": "Transaction Agreement (Caesars Acquisition Co)", "score": 25.1670093536, "published": true}], "snippet_links": [{"key": "caesars-parties", "type": "definition", "offset": [12, 27]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [44, 67]}, {"key": "and-other-documents", "type": "clause", "offset": [151, 170]}, {"key": "the-release", "type": "clause", "offset": [193, 204]}, {"key": "financial-institutions", "type": "definition", "offset": [212, 234]}, {"key": "other-persons", "type": "clause", "offset": [239, 252]}, {"key": "permitted-liens", "type": "definition", "offset": [294, 309]}, {"key": "purchased-equity-interests", "type": "definition", "offset": [318, 344]}, {"key": "the-company-parties", "type": "clause", "offset": [374, 393]}, {"key": "relating-to", "type": "definition", "offset": [427, 438]}, {"key": "indebtedness-owed", "type": "clause", "offset": [439, 456]}, {"key": "lender-liens", "type": "definition", "offset": [511, 523]}, {"key": "all-obligations", "type": "clause", "offset": [531, 546]}, {"key": "guarantee-obligations", "type": "definition", "offset": [558, 579]}, {"key": "in-respect-of", "type": "clause", "offset": [638, 651]}, {"key": "loan-obligations", "type": "definition", "offset": [672, 688]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [716, 739]}, {"key": "the-lenders", "type": "clause", "offset": [796, 807]}, {"key": "written-confirmation", "type": "definition", "offset": [835, 855]}, {"key": "release-confirmation", "type": "definition", "offset": [866, 886]}, {"key": "the-closing-date", "type": "clause", "offset": [999, 1015]}, {"key": "all-lenders", "type": "definition", "offset": [1029, 1040]}, {"key": "obligations-shall", "type": "definition", "offset": [1069, 1086]}, {"key": "growth-partners", "type": "definition", "offset": [1163, 1178]}, {"key": "in-writing", "type": "definition", "offset": [1211, 1221]}, {"key": "material-developments", "type": "clause", "offset": [1256, 1277]}, {"key": "request-for-release", "type": "clause", "offset": [1296, 1315]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1331, 1360]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [1362, 1400]}, {"key": "indebtedness-outstanding", "type": "clause", "offset": [1405, 1429]}, {"key": "facility-will", "type": "clause", "offset": [1454, 1467]}, {"key": "at-closing", "type": "clause", "offset": [1487, 1497]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1503, 1529]}, {"key": "liens-securing", "type": "clause", "offset": [1535, 1549]}], "hash": "fae886c4317eedab6d632696030e09bc", "id": 5}, {"size": 5, "snippet": "Upon the transfer by the Parent or any Subsidiary (other than Zipcar Finance) of Vehicles to Zipcar Finance in a securitization as permitted under this Loan Agreement, any Liens with respect to such Vehicles and Vehicle Proceeds arising under the Loan Agreement or any Transaction Documents shall automatically be released (and the Agent is hereby authorized to execute and enter into any such releases and other documents as the Parent may reasonably request in order to give effect thereto).", "samples": [{"hash": "i97RqvyftHp", "uri": "/contracts/i97RqvyftHp#lien-release", "label": "Loan and Security Agreement", "score": 31.3408622742, "published": true}, {"hash": "Eghg0uKVqA", "uri": "/contracts/Eghg0uKVqA#lien-release", "label": "Loan and Security Agreement 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have received duly executed copies of all agreements, instruments, certificates and other documents necessary or appropriate, in the opinion of counsel to Buyer, to release any and all Liens against the Assets.", "samples": [{"hash": "alxNTeyeqzP", "uri": "/contracts/alxNTeyeqzP#lien-release", "label": "Asset Purchase Agreement (Neomagic Corp)", "score": 21.0, "published": true}, {"hash": "5RvtEB0tXq4", "uri": "/contracts/5RvtEB0tXq4#lien-release", "label": "Asset Purchase Agreement (Neomagic Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "all-agreements", "type": "clause", "offset": [50, 64]}, {"key": "certificates-and-other-documents", "type": "clause", "offset": [79, 111]}, {"key": "opinion-of-counsel-to-buyer", "type": "clause", "offset": [145, 172]}, {"key": "the-assets", "type": "clause", "offset": [211, 221]}], "hash": "61a15b8981cd47b1418111f20a6edffa", "id": 6}, {"size": 3, "snippet": "Seller shall indemnify and hold harmless Buyer from and against all liability loss, cost, damage or expense, including attorney's fees, which Buyer may suffer or incur as a result of any claim by laborers, mechanics and/or material liens which arise out of or in connection with Seller\u2019s obligations under this P.O. As a condition to payment of any invoice submitted under this P.O., Seller shall furnish Buyer with mechanics lien releases covering all labor, material and all other things used by Seller in the performance of the work covered by this P.O.", "samples": [{"hash": "jtUq0XB4m8Q", "uri": "/contracts/jtUq0XB4m8Q#lien-release", "label": "Purchase Order Agreement", "score": 29.9282455444, "published": true}, {"hash": "kYBOfuL6Sw0", "uri": "/contracts/kYBOfuL6Sw0#lien-release", "label": "Purchase Order Agreement", "score": 22.2183437347, "published": true}, {"hash": "gipdKcBV3qb", "uri": "/contracts/gipdKcBV3qb#lien-release", "label": "Purchase Order", "score": 21.8952770233, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "indemnify-and-hold-harmless", "type": "clause", "offset": [13, 40]}, {"key": "buyer-may", "type": "definition", "offset": [142, 151]}, {"key": "material-liens", "type": "definition", "offset": [223, 237]}, {"key": "in-connection-with", "type": "clause", "offset": [260, 278]}, {"key": "payment-of", "type": "definition", "offset": [334, 344]}, {"key": "lien-releases", "type": "definition", "offset": [426, 439]}, {"key": "by-seller", "type": "clause", "offset": [495, 504]}, {"key": "covered-by", "type": "definition", "offset": [536, 546]}], "hash": "bee196070d10b26a742da5972a0f43a8", "id": 8}, {"size": 2, "snippet": "At such time as the Secured Obligations have been repaid in full and the Borrower has no further rights to request any Advances hereunder, the Liens granted to the Lender hereunder shall be deemed terminated and released without requirement of any further action on the part of any Person, and Lender shall, at the request and expense of the Borrower, execute, deliver and file (or permit the Borrower to file) any and all termination statements and other documents as may be necessary or appropriate in order to give effect to such release or Liens hereunder. A Subsidiary shall automatically be released from its obligations under the Loan Documents upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary ceases to be a Subsidiary. Upon any sale or other disposition (other than any lease or license) of any Collateral in a transaction constituting a Permitted Transfer, or upon the effectiveness of any written consent to the release of the security interest, the security interests in such Collateral shall be automatically released. In connection with any termination or release pursuant to this Section, the Lender shall execute and deliver to the Borrower or any Subsidiary, at such party\u2019s expense, all documents that reasonably requested to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Lender.", "samples": [{"hash": "8OqgoG1IYAI", "uri": "/contracts/8OqgoG1IYAI#lien-release", "label": "Loan and Security Agreement", "score": 22.3114299774, "published": true}, {"hash": "5v3HBpC4hDK", "uri": "/contracts/5v3HBpC4hDK#lien-release", "label": "Loan and Security Agreement", "score": 22.3114299774, "published": true}], "snippet_links": [{"key": "the-secured-obligations", "type": "definition", "offset": [16, 39]}, {"key": "repaid-in-full", "type": "definition", "offset": [50, 64]}, {"key": "no-further-rights", "type": "clause", "offset": [86, 103]}, {"key": "to-request", "type": "clause", "offset": [104, 114]}, {"key": "the-liens", "type": "clause", "offset": [139, 148]}, {"key": "granted-to", "type": "clause", "offset": [149, 159]}, {"key": "lender-hereunder", "type": "clause", "offset": [164, 180]}, {"key": "deemed-terminated", "type": "definition", "offset": [190, 207]}, {"key": "further-action", "type": "clause", "offset": [248, 262]}, {"key": "any-person", "type": "clause", "offset": [278, 288]}, {"key": "and-lender", "type": "clause", "offset": [290, 300]}, {"key": "the-request", "type": "clause", "offset": [311, 322]}, {"key": "of-the-borrower", "type": "clause", "offset": [335, 350]}, {"key": "to-file", "type": "definition", "offset": [402, 409]}, {"key": "termination-statements", "type": "definition", "offset": [423, 445]}, {"key": "and-other-documents", "type": "clause", "offset": [446, 465]}, {"key": "in-order-to", "type": "clause", "offset": [501, 512]}, {"key": "give-effect-to", "type": "definition", "offset": [513, 527]}, {"key": "subsidiary-shall", "type": "definition", "offset": [563, 579]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [615, 651]}, {"key": "consummation-of", "type": "clause", "offset": [661, 676]}, {"key": "by-this-agreement", "type": "clause", "offset": [703, 720]}, {"key": "sale-or-other-disposition", "type": "clause", "offset": [794, 819]}, {"key": "any-lease", "type": "definition", "offset": [832, 841]}, {"key": "permitted-transfer", "type": "definition", "offset": [904, 922]}, {"key": "consent-to", "type": "clause", "offset": [965, 975]}, {"key": "release-of-the-security", "type": "clause", "offset": [980, 1003]}, {"key": "the-security-interests", "type": "clause", "offset": [1014, 1036]}, {"key": "collateral-shall", "type": "definition", "offset": [1045, 1061]}, {"key": "in-connection-with", "type": "clause", "offset": [1089, 1107]}, {"key": "termination-or-release", "type": "clause", "offset": [1112, 1134]}, {"key": "pursuant-to", "type": "definition", "offset": [1135, 1146]}, {"key": "to-the-borrower", "type": "definition", "offset": [1198, 1213]}, {"key": "such-party", "type": "clause", "offset": [1236, 1246]}, {"key": "all-documents", "type": "clause", "offset": [1258, 1271]}, {"key": "execution-and-delivery-of-documents", "type": "clause", "offset": [1343, 1378]}, {"key": "without-recourse", "type": "definition", "offset": [1413, 1429]}, {"key": "by-the-lender", "type": "clause", "offset": [1445, 1458]}], "hash": "1cd9fd69dfba78eaea7a7d67412c5270", "id": 10}, {"size": 3, "snippet": "The Buyers shall have received copies of releases of all Liens (other than Permitted Liens) against any asset, property or right of the Acquired Assets.", "samples": [{"hash": "iKiGM3n49TU", "uri": "/contracts/iKiGM3n49TU#lien-release", "label": "Asset Purchase Agreement (XCel Brands, Inc.)", "score": 25.9774131775, "published": true}, {"hash": "a6WlvBOv7DK", "uri": "/contracts/a6WlvBOv7DK#lien-release", "label": "Asset Purchase Agreement (XCel Brands, Inc.)", "score": 22.7576999664, "published": true}], "snippet_links": [{"key": "the-buyers", "type": "definition", "offset": [0, 10]}, {"key": "copies-of", "type": "definition", "offset": [31, 40]}, {"key": "permitted-liens", "type": "definition", "offset": [75, 90]}, {"key": "the-acquired-assets", "type": "clause", "offset": [132, 151]}], "hash": "5369fd48789df05a6e26e2fbb8750518", "id": 9}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVsaWVuLXJlbGVhc2UjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 145, "children": [["notices", "Notices"], ["sellers-representations-generally", "Seller's Representations Generally"], ["authorization", "Authorization"], ["price-of-purchased-assets", "Price Of Purchased Assets"], ["confidentiality", "Confidentiality"]], "parents": [["miscellaneous", "Miscellaneous"], ["covenants", "Covenants"], ["additional-conditions-to-obligations-of-purchaser", "Additional Conditions to Obligations of Purchaser"], ["conditions-precedent-3", "Conditions Precedent 3"], ["initial-credit-date", "Initial Credit Date"]], "title": "Lien Release", "id": "lien-release", "related": [["lien-releases", "Lien Releases", "<strong>Lien Releases</strong>"], ["lien-releases-care-of-collateral", "Lien Releases; Care of Collateral", "<strong>Lien Releases</strong>; Care of Collateral"], ["collateral-releases", "Collateral Releases", "Collateral Releases"], ["release", "Release", "Release"], ["release-of-lien", "Release of Lien", "Release of Lien"]], "related_snippets": [], "updated": "2026-05-28T04:23:29+00:00", "also_ask": ["What key terms must be included in a lien release to ensure its enforceability?", "How can a lien release be strategically negotiated to protect against undisclosed claims?", "What are the most common risks or pitfalls in drafting lien releases?", "How do lien release requirements differ across key jurisdictions?", "What evidence is typically required in court to prove a valid and binding lien release?"], "drafting_tip": "Specify the conditions for lien release to prevent disputes, require written confirmation to ensure clear evidence, and define timelines to avoid enforcement delays.", "explanation": "A Lien Release clause serves to confirm that any liens or claims against a property or asset have been satisfied and formally relinquished. In practice, this clause typically requires a contractor, supplier, or other party to provide documentation proving that all payments have been made and no outstanding claims exist before final payment is released or ownership is transferred. Its core function is to protect the property owner or buyer from future legal claims or encumbrances, ensuring clear title and reducing the risk of disputes over unpaid obligations."}, "json": true, "cursor": ""}}