Lien Release definition

Lien Release means a lien release in favor of the Vessel and the Owner, executed by Builder and each Material Subcontractor or Supplier, in the form of Exhibit G.

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Lien Release means a document in form acceptable to Purchaser which, when filed in the records of the FAA Civil Aviation Registry, will cause a recorded Lien affecting the Aircraft to be terminated and released.

Lien Release means the release by PNC Bank and certain other lenders of any liens applicable to the Sold Assets pursuant to (i) the Third Amended and Restated Credit Agreement dated August 24, 2010 (as amended), and (ii) the Amended and Restated Receivables Purchase Agreement dated May 31, 2011 (as amended).

Examples of Lien Release in a sentence

Each Agent, each Lender and each other Secured Party agrees that it will promptly take such action and execute any such documents as may be reasonably requested by the Borrower (such actions and such execution, the “Release Actions”), at the Borrower’s sole cost and expense, in connection with a Lien Release Event, Release/ Subordination Event or Guaranty Release Event and that such actions are not discretionary.
Nothing contained herein shall prevent the Authority, at the cost and for the account of StadCo, from obtaining and filing, at StadCo’s expense, a Lien Release Bond, in the event StadCo fails or refuses to furnish the same within said thirty (30)-day period (or such longer period as is reasonably necessary to procure such bond but not to exceed sixty (60) days), in which event StadCo shall reimburse the Authority for the premium on such bond plus interest at the Default Rate.
The Administrative Agent has received a fully executed copy of the Payoff Letter and evidence satisfactory to it that the Natixis Lien Release will be obtained on the date that the initial Advance is made.
Lienor has executed and delivered this Lien Release and Waiver as of , 20 .
The purchase orders with contractors for each of the projects, including any Lien Release and Waiver forms that are not executed.

More Definitions of Lien Release

Lien Release has the meaning set forth in Section 2.5(b)(ii).

Lien Release means those certain UCC-3 Financing Statements and other documents releasing a lien against any assets of any Borrower.

Lien Release means the Lien Release in the form attached hereto as Exhibit A.

Lien Release means a duly executed Release of Security Interests and Authorization to File UCC Financing Statements in the form attached hereto as Exhibit C.

Lien Release means the release by PNC Bank and certain other lenders of any

Lien Release means a letter addressed to Senior Purchaser, Subordinated ------------ Purchaser, Seller and Cityside from First Bank National Association, submitted in a connection with a Purchase Notice, referencing such Purchaser Notice and the Receivables therein described and stating that upon receipt by First Bank National Association of immediately available funds in a specified amount each and every security interest, lien, pledge, right, title, claim and interest of First Bank National Association in and to the referenced Receivables and all related Contracts, Related Security, Collections and all other Property with respect thereto shall be deemed automatically terminated, satisfied, released and cancelled, without any further notice by or writing of First Bank National Association, in form and content reasonably acceptable to the Administrator and Subordinated Purchaser.

Lien Release means payoff letters or releases in form and substance satisfactory to Venanpri with respect to each item of Indebtedness of Griffon and its Subsidiaries set forth on Section 7.9(c) of the ▇▇▇▇ Disclosure Schedules duly executed by the applicable creditors in customary and legally effective form (a) setting forth all amounts (including principal and accrued but unpaid interest) necessary to be paid to repay in full any such amounts through the Closing Date, (b) providing that, upon payment in full of such amounts, all obligations owed to such holder with respect to such amounts are satisfied and released in their entirety, (c) providing that upon payment in full of such amounts, all Liens and other collateral securing such amounts are terminated and released, and (d) accompanied by appropriate UCC financing statement termination statements and PPSA financing change statements (discharges or partial discharges, as applicable).