Release Instruments Sample Clauses
The 'Release Instruments' clause defines the process and conditions under which legal documents or instruments that release a party from certain obligations or claims are executed and delivered. Typically, this clause specifies the form of the release, the timing of its execution—such as upon completion of payment or fulfillment of contractual duties—and any required approvals or signatures. Its core practical function is to ensure that once obligations are satisfied, the releasing party formally acknowledges this, thereby preventing future disputes or claims related to the released matters.
Release Instruments. Seller shall execute, acknowledge (if necessary) and deliver, or have executed, acknowledged (if necessary) and delivered, to Buyer recordable releases of all liens, claims, security interests, mortgages, charges and encumbrances arising by, through or under Seller, but not otherwise, burdening the Assets or any portion thereof in a customary form reasonably acceptable to Buyer.
Release Instruments. In connection with any Disposal of Collateral permitted by the terms hereof, the Borrower may request a release of such Collateral (the "RELEASED COLLATERAL") by delivering to the Collateral Agent a notice (each, a "RELEASE NOTICE"), which shall refer to this Section, describe in reasonable detail the proposed Released Collateral and be accompanied by (1) an officer's certificate of the Borrower certifying that no Event of Default has occurred and is continuing and that the officers of the Borrower executing any and all documents in connection with the release were duly authorized to do so and (2) the proposed instrument of release (the "RELEASE") executed by all necessary parties thereto other than the Collateral Agent (collectively, the "RELEASE INSTRUMENTS").
Release Instruments. Seller shall furnish evidence acceptable to Buyer of release of all liens, claims, security interests, mortgages, charges, encumbrances, or other similar burdens affecting the Property or any part thereof.