Common use of Termination of Encumbrances Clause in Contracts

Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated, and Seller shall have received and delivered to Buyer duly executed UCC termination statements with respect to any and all UCC financing statements covering such assets and property at Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Summa Industries/)

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Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated, and Seller Sellers shall have received and delivered to Buyer duly executed UCC termination statements with respect to any and all UCC financing statements covering such assets and property at Closingproperty.

Appears in 1 contract

Samples: Asset Purchase Agreement (Summa Industries/)

Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated, and Seller Sellers shall have received and delivered to Buyer duly executed UCC termination statements with respect to any and all UCC financing statements covering such assets and property at Closingproperty, including, without limitation, the following financing statements: 3743199, 3639392, 3894455, 3894402, 3894456, 3540086, 3631562, 3640530, 3648085, and 3886302.

Appears in 1 contract

Samples: Asset Purchase Agreement (Summa Industries)

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Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated, and Seller shall have received and delivered to Buyer duly executed UCC termination statements with respect to any and all UCC financing statements covering such assets and property at Closingproperty.

Appears in 1 contract

Samples: Asset Purchase Agreement (Summa Industries)

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