Common use of UCC-3 Clause in Contracts

UCC-3. Seller shall have delivered to the Purchaser acceptable, updated and current UCC, tax, judgment, bankruptcy and lien searches related to the Seller and the Real Estate Seller, the Business and the Purchased Assets and, if applicable, Seller and Real Estate Seller shall deliver UCC-3 termination statements from any lien holder, mortgagee, and/or secured lenders of Seller or the Real Estate Seller to be duly recorded with the appropriate governmental office to confirm the release of any liens on any of the Purchased Assets.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Shiloh Industries Inc), Asset Purchase Agreement