Common use of Lien Release Clause in Contracts

Lien Release. Any and all Liens on the Shares and any and all Liens (other than Permitted Liens) on the properties and assets of the Company shall have been terminated and released pursuant to documentation in form and substance satisfactory to Purchaser.

Appears in 5 contracts

Sources: Stock Purchase Agreement (Proficient Auto Logistics, Inc), Stock Purchase Agreement (Proficient Auto Logistics, Inc), Merger Agreement (Proficient Auto Logistics, Inc)

Lien Release. Any and all Liens on the Shares Contributed Equity Interests and any and all Liens (other than Permitted Liens) on the properties and assets of each of the Company Companies shall have been terminated and released pursuant to documentation in form and substance satisfactory to Purchaser.

Appears in 1 contract

Sources: Contribution Agreement (Proficient Auto Logistics, Inc)

Lien Release. Any and all Liens on the Shares Contributed Membership Interests and any and all Liens (other than Permitted Liens) on the properties and assets of the Company shall have been terminated and released pursuant to documentation in form and substance satisfactory to Purchaser.

Appears in 1 contract

Sources: Contribution Agreement (Proficient Auto Logistics, Inc)

Lien Release. Any and all Liens on the Shares Purchased Membership Interests and any and all Liens (other than Permitted Liens) on the properties and assets of the Company shall have been terminated and released pursuant to documentation in form and substance satisfactory to Purchaser.

Appears in 1 contract

Sources: Purchase Agreement (Proficient Auto Logistics, Inc)