Common use of Discharge of Liens and Encumbrances Clause in Contracts

Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mohawk Industries Inc), Asset Purchase Agreement (Maxim Group Inc /)

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Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- ------------------------------------ security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Satellink Communications Inc)

Discharge of Liens and Encumbrances. All liens, claims, ----------------------------------- charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Reunion Industries Inc)

Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxim Group Inc /)

Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Purchased Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sibling Group Holdings, Inc.)

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Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dorsey Trailers Inc)

Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Purchased Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vhgi Holdings, Inc.)

Discharge of Liens and Encumbrances. All liens, claims, charges, ----------------------------------- security interests, pledges, assignments, or encumbrances relating to the Acquired Assets that are not Permitted Encumbrances shall be satisfied, terminated, and discharged by Seller on or prior to the Closing Date and evidence reasonably satisfactory to Purchaser and its counsel of such satisfaction, termination, and discharge shall be delivered to Purchaser at or prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wireless Broadcasting Systems of America Inc)

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