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.
Appears in 3 contracts
Samples: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (GameSquare Holdings, Inc.)
No Lien Termination without Release. 21.1 In recognition of the Lender's right to have its legal 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 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.
Appears in 3 contracts
Samples: Loan and Security Agreement (Hylete, Inc.), Loan and Security Agreement (Energy Focus, Inc/De), Loan and Security Agreement (LIVE VENTURES Inc)
No Lien Termination without Release. In recognition of the Lender's ’s right to have its legal 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 Lender's ’s liens on the Collateral unless and until Complete Termination Borrower has occurredexecuted and delivered to Lender a general release and indemnity for trailing contingent obligations in a form suitable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §Section 9-513 of the UCC.
Appears in 1 contract
Samples: Accounts Receivable Financing Agreement (Boxlight Corp)
No Lien Termination without Release. In recognition of the Lender's right to have its legal 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 Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower and any guarantors of the Obligations have executed and delivered to Lender a general release in the form of Exhibit C. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.
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No Lien Termination without Release. In recognition of the Lender's ’s right to have its legal 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 Lender's ’s liens on the Collateral unless and until Complete Termination has occurred. Borrower and any guarantors of the Obligations have executed and delivered to Lender a general release in the form of Exhibit C. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.
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No Lien Termination without Release. In recognition of the Lender's right to have all its legal 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 Lender's its liens on the Collateral unless and until Complete Termination each Obligor has occurredexecuted and delivered to Lender general releases in a form reasonably acceptable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §9-513 513(c) of the UCC.
Appears in 1 contract
No Lien Termination without Release. In recognition of the Lender's right to have its legal 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 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Purchase Point Media Corp)
No Lien Termination without Release. In recognition of the Lender's ’s right to have all its legal 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 Lender's its liens on the Collateral unless and until Complete Termination each Obligor has occurredexecuted and delivered to Lender general releases in a form reasonably acceptable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §9-513 513(c) of the UCC.
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No Lien Termination without Release. In recognition of the Lender's right to have its legal 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 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 §9ss.9-513 of the UCC.
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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 Xxxxxxxx understands and agrees that this provision constitutes a waiver of its rights under §9-513 of the UCC. 23.
Appears in 1 contract
Samples: Financing and Security Agreement (Super League Enterprise, Inc.)
No Lien Termination without Release. In recognition of the Lender's right to have its legal 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 Lender's liens on the Collateral unless and until Complete Termination Borrower and all Guarantors has occurredexecuted and delivered to Lender a general release in the form of Exhibit D hereto. Borrower understands that this provision constitutes a waiver of its rights under §9ss.9-513 of the UCC.
Appears in 1 contract
Samples: Loan and Security Agreement (3do Co)
No Lien Termination without Release. 20.1 In recognition of the Lender's right to have its legal 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 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 UCCUCC and any comparable provisions in the Personal Property Security Act.
Appears in 1 contract
