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.

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

• A final compliance inspection report from the approved inspector stating all Work has been satisfactorily completed; Contractor’s Lien Release and the Borrower’s Letter of Completion must be received by the Lender within two (2) weeks of completion or One Hundred Eighty (180) days from the date of the note, whichever is earlier.

• 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.

• Up to fifty percent (50%) of the total renovation costs may be released at the initial funding of the loan and the remaining funds, minus a “Holdback” reserve to satisfy any liens and to insure completion as provided for below, will be released a reasonable time after Lender’s receipt and approval of: (a) final Compliance Inspection Report from the Appraiser; (b) Borrower’s Letter of Completion; (c) Contingency Release Letter; (d) Draw Request; and (e) Lien Release.

• Lien Releases Before ANY payment is made, including the final payment, the subcontractor is to furnish to the Contractor an affidavit (Lien Release) stating that all materials and labor produced by the subcontractor have been paid.

• A final Compliance Inspection Report from the approved Appraiser stating all Work has been satisfactorily completed, Contractor’s Lien Release and the Borrower’s Letter of Completion must be received by the Lender within two weeks of completion or forty-five (45) days of the date of the note, whichever is earlier.

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 the release by PNC Bank and certain other lenders of anyEncumbrances applicable to the Sold Assets pursuant to the Third Amended and Restated Credit Agreement dated August 24, 2010 (as amended).

Lien Release means a document in form acceptable to Buyer which, when filed in the records of the FAA Civil Aviation Registry or other applicable civil aviation registry or recording location, will cause a recorded Lien affecting the Aircraft to be terminated and released.

Lien Release shall have the meaning set forth in Section 39(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.