Release of Liens and Claims Sample Clauses

Release of Liens and Claims. To the fullest extent provided under section 1141(c) and other applicable provisions of the Bankruptcy Code, except as otherwise provided herein (including, without limitation, Article V.D of this Plan), in the Confirmation Order, or in any contract, instrument, release or other agreement or document entered into or delivered in connection with this Plan, on the Effective Date and concurrently with the applicable distributions made pursuant to Article VII hereof, all Liens, Claims, mortgages, deeds of trust, or other security interests against the assets or property of the Debtors or the Estates shall be fully released, canceled, terminated, extinguished and discharged, in each case without further notice to or order of the Bankruptcy Court, act or action under applicable law, regulation, order, or rule or the vote, consent, authorization or approval of any Person or Entity. The filing of the Confirmation Order with any federal, state, or local agency or department shall constitute good and sufficient evidence of, but shall not be required to effect, the termination of such Liens, Claims and other interests to the extent provided in the immediately preceding sentence. Any Person or Entity holding such Liens, Claims or interests shall, pursuant to section 1142 of the Bankruptcy Code and in the case of any DIP Liens at the sole cost and expense of the Reorganized Debtors, promptly execute and deliver to the Reorganized Debtors such instruments of termination, release, satisfaction and/or assignment (in recordable form) as may be reasonably requested by the Reorganized Debtors.
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Release of Liens and Claims. Should at any time during the course of construction or after substantial completion and occupancy a claim be made or lien or personal liability notice filed against the OWNER or the property of the OWNER or project in question by any subcontractor, supplier, laborer, or materialman of the CONTRACTOR or CONTRACTOR’S sub-contractor, claiming that funds are owed to that party by the CONTRACTOR as a result of work performed or material supplied on this project or otherwise, CONTRACTOR hereby agrees to immediately defend and hold harmless OWNER from all such claims, demands or lien applications and take all actions necessary to defend and otherwise protect the OWNER and its property from such claims and liens, including but not limited to the immediate removal of any liens from title to the property by securing said liens with a cash deposit, property bond, or commercial surety bond. The cost of any such lien removal or defense of claims made against the OWNER or its property shall be at the expense of the CONTRACTOR, including all costs of any such bond, or legal fees, accounting fees or other expenses associated with defense of these claims. In addition, in the event a claim is made against, or a lien or personal liability is filed against OWNER or the property by a subcontractor, supplier, laborer or materialman for any portion of the Authorized Work covered by an Application for Payment and such claim or lien is not released or bonded within ten (10) days after OWNER provides written notice to CONTRACTOR, OWNER, without obligation to do so and without prejudice to any other remedy it may have, may at its option make payment directly to such subcontractor, materialman, supplier, or laborer for the Authorized Work covered by an Application for Payment by CONTRACTOR and pay only the balance of the amount represented on the Application for Payment by CONTRACTOR and pay only the balance of the amount represented on the Application for Payment to CONTRACTOR after deducting the amounts paid to such subcontractor, materialman, supplier, or laborer. In the event a claim is made against, or a lien, or personal liability is filed against the property by a subcontractor, materialman, supplier, or laborer for any portion of the Authorized Work not identified by a pay request from the CONTRACTOR, and such lien or personal liability notice is not released or bonded within ten (10) days after OWNER provides written notice to CONTRACTOR, OWNER, without obligation to do so ...
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Release of Liens and Claims. 3.6.2.3 Affidavit of payment of Debts and Claims.
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Release of Liens and Claims. As a condition of final payment, the Contractor shall submit to the Owner's Authorized Representative a notarized Release of Xxxxx and Claims Form, which states that all Subcontractors and suppliers have been paid in full, all disputes with property owners have been resolved, all obligations on the Project have been satisfied, all monetary claims and indebtedness have been paid, and that, to the best of the Contractor's knowledge, there are no claims of any kind outstanding against the Project. The Contractor shall indemnify, defend (with counsel of Owner's choice) and hold harmless the Owner from all claims for labor and materials finished under this Contract. The Contractor shall furnish complete and valid releases or waivers, satisfactory to the Owner, of all liens arising out of or filed in connection with the Work.
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Release of Liens and Claims. Seller shall promptly pay each subcontractor the amount to which it is entitled and Seller shall require each subcontractor to similarly make prompt payments to each of its subcontractors. Upon request, Seller shall furnish Chemours with a final executed release of liens and claims as provided by Chemours. If any lien is filed or remains unsatisfied, Seller shall indemnify Chemours for all costs incurred in discharging such lien. At any time, Chemours may require, at its option, an executed partial release of liens and claims from Seller or any lower tier subcontractor or supplier before further payment is made.
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Release of Liens and Claims. SELLER will furnish to PERSONALIS a complete release of liens and claims at intervals requested by PERSONALIS and before final payment is made. If any lien is filed or remains unsatisfied after final payment, SELLER will indemnify PERSONALIS and its affiliates for all costs incurred in discharging such lien.
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Release of Liens and Claims 
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Related to Release of Liens and Claims

  • Release of Liens and Guarantees In the event that any Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of its assets (including the Equity Interests of any of its Subsidiaries) to a Person that is not (and is not required to become) a Loan Party in a transaction not prohibited by the Loan Documents, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower’s expense to release any Liens created by any Loan Document in respect of such Equity Interests or assets that are the subject of such disposition and to release any guarantees of the Obligations, and any Liens granted to secure the Obligations, in each case by a Person that ceases to be a Subsidiary of the Borrower as a result of a transaction described above. Any representation, warranty or covenant contained in any Loan Document relating to any such Equity Interests or assets shall no longer be deemed to be made once such Equity Interests or assets are so conveyed, sold, leased, assigned, transferred or disposed of. The Security Documents, the guarantees made therein, the Security Interest (as defined therein) and all other security interests granted thereby shall terminate, and each Loan Party shall automatically be released from its obligations thereunder and the security interests in the Collateral granted by any Loan Party shall be automatically released, when all the Obligations are paid in full in cash and Commitments are terminated (other than (A) contingent indemnification obligations, (B) obligations and liabilities under Secured Cash Management Agreements and Secured Swap Agreements and (C) obligations and liabilities under Revolving Letters of Credit as to which arrangements satisfactory to the Issuing Banks shall have been made). At such time, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower at the Borrower’s expense to evidence and effectuate such termination and release of the guarantees, Liens and security interests created by the Loan Documents.

  • Perfection of Liens To help the Bank perfect and protect its security interests and liens, and reimburse it for related costs it incurs to protect its security interests and liens.

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