Common use of No Lien Termination without Release Clause in Contracts

No Lien Termination without Release. 21.1 In recognition of the Lender's right to attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to attorneys' have its legal fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower and any guarantors of the Obligations have executed and delivered to Lender a general release in the form of Exhibit C. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to attorneys' have its legal fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower Xxxxxxxx understands and agrees that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's ’s right to have its attorneys' ’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's ’s liens on the Collateral unless and until Complete Termination has occurred. Borrower and any guarantors of the Obligations have executed and delivered to Lender a general release in the form of Exhibit C. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's ’s right to have its attorneys' ’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's ’s liens on the Collateral unless and until Complete Termination Borrower has occurredexecuted and delivered to Lender a general release and indemnity for trailing contingent obligations in a form suitable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §Section 9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination Borrower and all Guarantors has occurredexecuted and delivered to Lender a general release in the form of Exhibit D hereto. Borrower understands that this provision constitutes a waiver of its rights under §9ss.9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to have all its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's its liens on the Collateral unless and until Complete Termination each Obligor has occurredexecuted and delivered to Lender general releases in a form reasonably acceptable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §9-513 513(c) of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's liens on the Collateral unless and until Complete Termination has occurred. Borrower understands that this provision constitutes a waiver of its rights under §9ss.9-513 of the UCC.

No Lien Termination without Release. 21.1 In recognition of the Lender's ’s right to have all its attorneys' ’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Borrower, Lender shall not be required to record any terminations or satisfactions of any of Lender's its liens on the Collateral unless and until Complete Termination each Obligor has occurredexecuted and delivered to Lender general releases in a form reasonably acceptable to Lender. Borrower understands that this provision constitutes a waiver of its rights under §9-513 513(c) of the UCC.