Common use of No Lien Termination without Release Clause in Contracts

No Lien Termination without Release. In recognition of the Purchaser’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the security interests granted herein, notwithstanding payment in full of all obligations Seller may owe the Purchaser, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein unless and until Seller has executed and delivered to Purchaser a general release in the form of Exhibit E hereto. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. In recognition of the Purchaser’s right to have its attorneys’ legal fees and other expenses incurred in connection with this Agreement secured by the security interests granted hereinCollateral, notwithstanding payment in full of all obligations Seller may owe the PurchaserObligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein on the Collateral unless and until Seller Complete Termination has executed occurred at which time Purchaser shall record any and delivered to Purchaser a general release in all terminations or satisfactions of any and all of Purchaser’s liens on the form of Exhibit E heretoCollateral as reasonably necessary. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC.

No Lien Termination without Release. In recognition of the Purchaser’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the security interests granted hereinCollateral, notwithstanding payment in full of all obligations Seller may owe the PurchaserObligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein on the Collateral unless and until Seller has executed and delivered to Purchaser a general release (which shall be notarized if required by Purchaser) in the form contained on the final page of Exhibit E heretothe Terms and Conditions. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC. Seller shall pay to Purchaser any fees that may be due under section 3.9.1 of this Agreement.

No Lien Termination without Release. In recognition of the Purchaser’s 's right to have its attorneys’ ' fees and other expenses incurred in connection with this Agreement secured by the security interests granted hereinCollateral, notwithstanding payment in full of all obligations Seller may owe the PurchaserObligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein 's Liens on the Collateral unless and until Seller has executed and delivered to Purchaser a general release in the a form of Exhibit E heretoreasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §§9-509(d)(2) and §9-513 of the UCC.

No Lien Termination without Release. In recognition of the Purchaser’s 's right to have its attorneys’ ' fees and other expenses incurred in connection with this Agreement secured by the security interests granted hereinCollateral, notwithstanding payment in full of all obligations Seller may owe the PurchaserObligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s 's liens created or granted herein on the Collateral unless and until Seller has executed and delivered to Purchaser a general release in the a form of Exhibit E heretoreasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §9SELLER UNDERSTANDS THAT THIS PROVISION CONSTITUTES A WAIVER OF ITS RIGHTS UNDER SECTION9-513 of the 404 OF THE UCC.

No Lien Termination without Release. In recognition of the Purchaser’s 's right to have its attorneys’ ' fees and other expenses incurred in connection with this Agreement agreement secured by the security interests granted hereinCollateral, notwithstanding payment in full of all obligations Seller may owe the PurchaserObligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens created or granted herein 's Liens on the Collateral unless and until Seller has executed and delivered to Purchaser a general release in the a form of Exhibit E heretoreasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under §ss.ss.9-509(d)(2) and 9-513 of the UCC.