Common use of No Lien Termination without Release Clause in Contracts

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.

Appears in 4 contracts

Samples: Invoice Purchase and Sale Agreement (Laird Superfood, Inc.), Invoice Purchase and Sale Agreement (Neptune Wellness Solutions Inc.), Invoice Purchase and Security Agreement (Sky Quarry Inc.)

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No Lien Termination without Release. In recognition of the Purchaser's ’s right to have its attorneys' fees and other expenses incurred in connection with this Agreement 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 ’s Liens on the Collateral unless and until Complete Termination Seller has occurredexecuted and delivered to Purchaser a general release in a form reasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §§9-509(d)(2) and 9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

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.

Appears in 1 contract

Samples: Factoring and Security Agreement (DLR Funding, Inc.)

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 Notwithstanding payment in full of all Obligations by Seller, Purchaser shall Buyer will not be required to record any terminations or satisfactions of any of PurchaserBuyer'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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (System1, Inc.)

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 Notwithstanding payment in full of all Obligations obligations by Seller, Purchaser shall not be required to record any terminations termination or satisfactions satisfaction of any of Purchaser's its liens on the Collateral unless and until Complete Termination has occurredSeller and any guarantors deliver to Purchaser a general release. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

Appears in 1 contract

Samples: Invoice Purchase Agreement (Marrone Bio Innovations Inc)

No Lien Termination without Release. 20.1 In recognition of the Purchaser's ’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 ’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 9513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Eastside Distilling, Inc.)

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 Seller and all Guarantors has occurredexecuted and delivered to Purchaser a general release. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Driftwood Ventures, Inc.)

No Lien Termination without Release. In recognition of the Purchaser's ’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 ’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.

Appears in 1 contract

Samples: Financing and Security Agreement (LOCAL Corp)

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 Notwithstanding payment in full of all Obligations obligations by Seller, Purchaser shall not be required to record any terminations termination or satisfactions satisfaction of any of Purchaser's its liens on the Collateral unless and until Complete Termination has occurredSeller and any guarantors deliver to Purchaser a general release. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCCUCC .

Appears in 1 contract

Samples: Invoice Purchase Agreement (SharedLabs, Inc)

No Lien Termination without Release. 22.1. 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 frill of all Obligations by SellerSellers, 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. Each Seller understands that this provision constitutes a waiver of its rights under §Section 9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Urban Ag. Corp.)

No Lien Termination without Release. In recognition of the Purchaser's ’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 ’s Liens on the Collateral unless and until Complete Termination Seller has occurredexecuted and delivered to Purchaser a general release in a form reasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §§9-509(d)(2) and 9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

No Lien Termination without Release. In recognition of the Purchaser's ’s right to have its out-of-pocket 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 ’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.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (Stryve Foods, Inc.)

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 Seller has occurredexecuted and delivered to Purchaser a general release in the form of Exhibit A hereto. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (TXP Corp)

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No Lien Termination without Release. 21.1. In recognition of the Purchaser's ’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 ’s liens on the Collateral unless and until Complete Termination has occurred. Seller understands that this provision constitutes a waiver of its rights under §Section 9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.)

No Lien Termination without Release. In recognition of the Purchaser's ’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 ’s liens on the Collateral unless and until Complete Termination Seller has occurredexecuted and delivered to Purchaser a general release in the form of Exhibit A hereto. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Axtive Corp)

No Lien Termination without Release. In recognition of the Purchaser's right to have its reasonable outside attorneys' fees and other actual and documented out-of-pocket 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.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (BK Technologies Corp)

No Lien Termination without Release. 21.1. 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 UCCXXX.

Appears in 1 contract

Samples: Factoring and Security Agreement (ePhoto Image, Inc.)

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 Seller has occurredexecuted and delivered to Purchaser a general release in the form of Exhibit A hereto. Seller understands that this provision constitutes a waiver of its rights under §Section 9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Edge Technology Group Inc)

No Lien Termination without Release. In recognition of the Purchaser's ’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 ’s liens on the Collateral unless and until Complete Termination Seller and all guarantors has occurredexecuted and delivered to Purchaser a general release in form acceptable to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Zoo Entertainment, Inc)

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 Seller has occurredexecuted and delivered to Purchaser a general release in a form reasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §9(S)9-513 509 of the UCC.

Appears in 1 contract

Samples: Factoring and Security Agreement (Sheldahl Inc)

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