Common use of Satisfaction of Liens Clause in Contracts

Satisfaction of Liens. At the Closing, Seller shall cause all Liens other than Permitted Liens on or relating to any of the Purchased Assets, to be released, extinguished, and discharged in full and shall deliver to Buyer instruments releasing, extinguishing, and discharging all such Liens, and all rights and claims of any holder(s) of any of such Liens with respect to any of the Purchased Assets, all in such form and substance as Buyer shall reasonably require (collectively the “Lien Release Instruments”).

Appears in 1 contract

Samples: Purchase Agreement (Nextmedia Operating Inc)

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Satisfaction of Liens. At the Closing, Seller Sellers shall cause all Liens other than Permitted --------------------- Liens on or relating to any of the Purchased AssetsAssets (other than Permitted Liens), to be released, extinguished, extinguished and discharged in full full, and shall deliver to Buyer instruments releasing, extinguishing, extinguishing and discharging all such Liens, and all rights and claims of any holder(s) of any of such Liens with respect to any of the Purchased Assets, all in such form and substance as Buyer shall reasonably require (collectively the "Lien Release Instruments").

Appears in 1 contract

Samples: Escrow Agreement (Beasley Broadcast Group Inc)

Satisfaction of Liens. At the Closing, Seller shall cause all Liens other than Permitted Liens on or relating to any of the Purchased AssetsAssets (other than Permitted Liens), to be released, extinguished, extinguished and discharged in full full, and shall deliver to Buyer instruments releasing, extinguishing, extinguishing and discharging all such Liens, and all rights and claims of any holder(s) of any of such Liens with respect to any of the Purchased Assets, all in such form and substance as Buyer shall reasonably require (collectively the "Lien Release Instruments").

Appears in 1 contract

Samples: Asset Purchase Agreement (Legacy Communications Corp)

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Satisfaction of Liens. At the Closing, Seller shall cause all Liens other than Permitted Liens Encumbrances on or relating to any of the Purchased Assets, to be released, extinguished, and discharged in full and shall deliver to Buyer instruments releasing, extinguishing, and discharging all such Liens, and all rights and claims of any holder(s) of any of such Liens with respect to any of the Purchased Assets, all in such form and substance as Buyer shall reasonably require (collectively the "Lien Release Instruments").

Appears in 1 contract

Samples: Asset Purchase Agreement (Gaylord Entertainment Co /De)

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