Common use of Release Documentation Clause in Contracts

Release Documentation. Prior to the Closing, Seller shall deliver or cause to be delivered to Purchaser at least two (2) Business Days prior to the Closing Date evidence (a) from the administrative agent under the ChampionX Credit Agreement that the Company has been released or will be released in full upon the Closing from any obligations relating to the Indebtedness under the ChampionX Credit Agreement, (b) that the Company has been released or will be released in full upon Closing from any obligations related to the Indebtedness under the Master Receivables Purchase Agreement, Account for Payable Services Agreement and (c) that the Company has been released or will be released in full upon the Closing from all Liens on the Acquired Interests and the assets of the Company securing the Indebtedness under the ChampionX Credit Agreement or the Master Receivables Purchase Agreement; provided that, for the avoidance of doubt, in each case, such evidence shall be provided in writing and shall include lien terminations and termination statements relating to such Indebtedness that, where necessary, shall have been or shall, substantially contemporaneously with Closing, be recorded with the appropriate Governmental Entity (such documentation, the “Release Documentation”).