Common use of No Lien Termination without Release Clause in Contracts

No Lien Termination without Release. In recognition of Xxxxxxx’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 513 of the UCC.

No Lien Termination without Release. In recognition of XxxxxxxParafin’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 9-513 of the UCC.

No Lien Termination without Release. In recognition of XxxxxxxParafin’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 513 of the UCC.

No Lien Termination without Release. In recognition of XxxxxxxParafin’s right to have its attorneys’ legal counsel fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 513 of the UCCPPSA or CCQ.