Satisfaction of lien definition

Satisfaction of lien means full payment of a
Satisfaction of lien means full payment of a debt or release of a debtor from a lien by the lienholder.

Examples of Satisfaction of lien in a sentence

  • Satisfaction of lien before maturity.Any lien or mortgage upon property may be satisfied by the mortgagor before the date of maturity by the payment or tender of the full amount which would be due on the date of maturity.

  • Amended by Chapter 278, 2012 General Session 38-10-113 Satisfaction of lien upon filing corporate surety bond or letter of credit -- Payment to lien claimant upon entry of judgment -- Filing -- Commencement time for action upon bond or undertaking.

  • Such Notice of Release and Satisfaction of lien may be executed by a designee of the Board.

  • Satisfaction of lien or encumbrance; assignment of obligation by lienholder; civil penalty A.

  • Satisfaction of lien prior to sale.--Before any sale pursuant to this section any person claiming a right in the goods may pay the amount necessary to satisfy the lien and the reasonable expenses incurred under this section.

  • Wh e n any do u b t exis t s a s t o t h e v a lidi t y of a lie n filed wi t h t h e po r t di r ec t o r , h e m ay r e- q u i r e a bo n d o n Cu s t o m s F o r m 301, co n- t a i n i n g t h e bo n d co n di t io n s se t fo r t h i n§ 113.62 of t h is c ha p t e r , t o h old h i m har m less f r o m any li a bili t y w h ic h m ay r es u l t f r o m wi t hh oldi n g t h e r ele a se of t h e m e r c han dise.( h) Satisfaction of lien .

  • Satisfaction of lien from rents profits and income adding tax and insurance premium.

  • In doing so, students will monitor their academic growth and will be encouraged to further their success through the administered assessments.

  • For the purposes of this chapter:583.4 Satisfaction of lien by sale.583.5 Disposal of proceeds — statement.583.6 Duty of county treasurer — rightof guest.

  • The notice of lien shall attach the Citation and/or Notice of Additional Penalties to which the lien pertains and shall be in the form attached hereto as Form 8 Satisfaction of lien.

Related to Satisfaction of lien

  • Satisfaction Certificate means the certificate materially in the form of the document contained in Call Off Schedule 5 (Testing) granted by the Customer when the Supplier has Achieved a Milestone or a Test;

  • Satisfaction shall be a determination, in good faith, made by the Contractor and in accordance with commonly accepted industry standards. If the Contractor, Client, or other responsible party delays in making any payment to the Contractor, from which payment to Subcontractor is to be made, Contractor and its sureties shall have a reasonable time to make payment to Subcontractor. “Reasonable time” shall be determined in relation to relevant circumstances, but shall in no event be less time than required for Contractor, Contractor’s sureties, and Subcontractor to pursue a conclusion to their legal remedies against the Client or other responsible party to obtain payment, including, but not limited to, mechanics’ lien remedies.

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Satisfaction Date has the meaning set forth in Section 2.6.

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Statement of Requirements means a statement issued by the Authority or any Other Contracting Body detailing its Services Requirement issued in accordance with the Ordering Procedure;

  • Release Condition means the following:

  • Assignment of Mortgage An assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage to the Purchaser.

  • Phone/Electronic Transaction Security Procedures means security procedures for Phone/ Electronic Transactions as provided in writing to the Underwriter.

  • Phone/Electronic Transaction Security Procedures means security procedures for Phone/ Electronic Transactions as provided in writing to the Underwriter.

  • Order of Priority means the order of priority of payments specified in paragraph 2.2 (Pre and Post Enforcement Waterfalls) of Annex 1.

  • Data Security Requirements means, collectively, all of the following, to the extent relating to privacy or data security and applicable to the Company or to its conduct of the Business: (i) the Company’s own rules, policies, and procedures; (ii) all applicable laws; (iii) industry standards applicable to the industry in which the Company operates; and (iv) Contracts into which the Company has entered or by which it is otherwise bound.

  • Discharge Monitoring Report or "DMR" means the EPA uniform national form, including any subsequent additions, revisions, or modifications, for the reporting of self-monitoring results by permittees.

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in the Intercreditor Agreement, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding First Priority Lien Obligations and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Revolving Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other First Priority Lien Obligations that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other First Priority Lien Obligations that constitute an exchange or replacement for or a refinancing of such Obligations or First Priority Lien Obligations. In the event the First Priority Lien Obligations are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the First Priority Lien Obligations shall be deemed to be discharged when the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Security Documentation means all documents and information made available by Google under Section 7.5.1 (Reviews of Security Documentation).

  • Condition Precedent means a policy term or condition upon which the Insurer's liability under the policy is conditional upon.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.