Common use of UCC Termination Clause in Contracts

UCC Termination. Seller shall have delivered to Purchaser (or shall deliver at the applicable Closing following application of proceeds at closing) a fully executed UCC-3 Financing Statement terminating any UCC security interest encumbering the Tower or Related Improvement related to such Tower Site.

Appears in 2 contracts

Sources: Asset Purchase Agreement (LCC International Inc), Asset Purchase Agreement (LCC International Inc)