Examples of Termination Statements in a sentence
Seller shall provide, if necessary, UCC-3 Termination Statements and/or such other instruments, executed by all appropriate third parties, demonstrating that the Assets are free and clear of all Liens, in form and substance acceptable to Buyer.
The Company having delivered UCC-3 Termination Statements for all the secured Debt to be paid off at Closing, or a Payoff Letter from the holder thereof agreeing to deliver the same after receipt of immediately available funds sufficient to pay off in full the secured Debt.
If the Buyer notifies the Sellers at least 10 Business Days prior to the Closing Date that it will repay any such indebtedness at Closing, the Sellers shall arrange to have the lenders with respect to such indebtedness deliver pay-off letters and UCC-3 Termination Statements at the closing with respect to such indebtedness.
The Lender shall have received duly executed UCC-3 Termination Statements and other instruments, in form and substance satisfactory to the Lender, as shall be necessary to terminate and satisfy all Liens on the Property of the Borrower and its Subsidiaries except Permitted Liens.
Upon confirmation of payment in full of the Note, the Collateral Agent shall (a) if any UCC-1 Financing Statements were previously filed, file any UCC-3 Termination Statements releasing the lien and security interest created by the Assignments, and (b) to the extent it then has possession of any of the remaining Pledged Collateral, will deliver such Pledged Collateral and the Assignments to the Pledgor.
Title may be held by the Consignee at its sole discretion until such time as payment in full has been received, including clearing of funds, if applicable and all Termination Statements have been received regarding any lien payoffs.
The SECDEF has specifically directed that Security Termination Statements will be executed by senior officials (flag and general officers, ES-1 and above, Senior Executive Service and equivalent positions).
As an EU member, Sweden adheres to a series of multilateral conventions on industrial, intellectual, and commercial property.Patents: Protection in all areas of technology may be obtained for 20 years.
As of the Effective Date, the Reorganized Debtors shall be authorized to execute and file on behalf of creditors Form UCC-3 Termination Statements or such other forms as may be necessary or appropriate to implement this Order and Section V.K of the Plan.
Title may be held by Auctions America, LLC at its sole discretion until such time as payment in full has been received, including clearing of funds, if applicable and all Termination Statements have been received regarding any lien payoffs.