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 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 Collateral, notwithstanding Notwithstanding payment in full of all Obligations by SellerObligations, 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 Seller has executed and delivered any guarantors deliver to Purchaser a general release in a form reasonably satisfactory acceptable to Purchaser. Seller understands that this provision constitutes a waiver of its rights under Sections 9-509 and 9-513 of the Uniform Commercial Code.

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 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 Collateral, notwithstanding Notwithstanding payment in full of all Obligations by SellerObligations, 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 Seller has executed and delivered any guarantors deliver to Purchaser a general release in a form reasonably satisfactory acceptable to Purchaser. Seller understands that this provision constitutes a waiver of its rights under Sections 9-509 and 9- 513 of the Uniform Commercial Code.