No Lien Termination without Release Sample Clauses

No Lien Termination without Release. In recognition of the Purchaser's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser's liens on the Collateral unless and until Complete Termination has occurred. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.
AutoNDA by SimpleDocs
No Lien Termination without Release. In recognition of the Lender's right to have its legal fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.
No Lien Termination without Release. In recognition of among other things, Borrower’s indemnification obligations and Crestmark’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Crestmark shall not be required to record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower and all guarantors of its Obligations have executed and delivered to Crestmark a general release in a form acceptable to Crestmark in its sole discretion. Borrower understands that this provision constitutes a waiver of its rights Borrower may have under §9-513 of the UCC
No Lien Termination without Release. In recognition of SYSTRAN’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Customer, SYSTRAN shall not be required to record any terminations or satisfactions of any of SYSTRAN’s liens on the Collateral unless and until Customer has executed and delivered to SYSTRAN a general release in a form reasonably satisfactory to SYSTRAN. Customer understands that this provision constitutes a waiver of its rights under §9-404 of the UCC.
No Lien Termination without Release. In recognition of the Purchaser’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the security interests granted herein, notwithstanding payment in full of all obligations Seller may owe the Purchaser, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein unless and until Seller has executed and delivered to Purchaser a general release in the form of Exhibit E hereto. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.
No Lien Termination without Release. In recognition of Lender's right to have all its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower and all Guarantors have executed and delivered to Lender general releases which conform to California Civil Code ss. 1541-2.
No Lien Termination without Release. Notwithstanding the payment in full of all Obligations, Lender shall not be required to record any terminations or satisfactions of any of its Liens on the Collateral unless and until the Credit Parties have executed and delivered to Lender general releases that conform to California Civil Code Sections 1541 and 1542.
AutoNDA by SimpleDocs
No Lien Termination without Release. In recognition of the Purchaser’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens on the Collateral unless and until Seller has executed and delivered to Purchaser a general release in a form reasonably satisfactory to Purchaser.
No Lien Termination without Release. In recognition of the Purchaser's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the security interests granted herein, notwithstanding payment in full of all obligations Seller may owe the Purchaser, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser's liens created or granted herein unless and until Seller has executed and delivered to Purchaser a general release in the form of Exhibit E hereto.
No Lien Termination without Release. In recognition of the Secured -------------------------------------- Party's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Debtor, Secured Party shall not be required to terminate any Uniform Commercial Code Financing Statements filed in its favor against the Debtor relating to the Collateral unless and until Debtor and all entities which are secondarily liable on the Obligations has executed and delivered to Secured Party a general release, covering claims both known and unknown, in a form reasonably satisfactory to Secured Party. Debtor understands that this provision constitutes a waiver of its rights under (S)9-513 of the UCC.
Time is Money Join Law Insider Premium to draft better contracts faster.