No Lien Termination without Release. Notwithstanding payment in full of all Obligations, Purchaser shall not be required to record any termination or satisfaction of its liens on the Collateral unless and until Seller and any guarantors deliver to Purchaser a general release in a form acceptable to Purchaser. Seller understands that this provision constitutes a waiver of its rights under Sections 9-509 and 9- 513 of the Uniform Commercial Code.
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Samples: Invoice Purchase Agreement (Sonim Technologies Inc), Invoice Purchase Agreement (Enservco Corp)
No Lien Termination without Release. Notwithstanding In recognition of the Purchaser'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 ObligationsObligations by Seller, Purchaser shall not be required to record any termination terminations or satisfaction satisfactions of its any of Purchaser's liens on the Collateral unless and until Seller has executed and any guarantors deliver delivered to Purchaser a general release in a form acceptable reasonably satisfactory to Purchaser. Seller understands that this provision constitutes a waiver of its rights under Sections 9-509 and 9- 513 of the Uniform Commercial Code.
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Samples: Assignment of Accounts and Security Agreement (Active Link Communications Inc)
No Lien Termination without Release. Notwithstanding In recognition of the Purchaser 's right to have a Complete Termination, notwithstanding payment in full of all ObligationsObligations by Seller, Purchaser shall not be required to record any termination terminations of any financing statement or satisfaction satisfactions of its liens on any of Purchaser 's ownership rights or Security Interest in the Collateral unless and until Seller and any guarantors deliver to Purchaser a general release in a form acceptable to PurchaserComplete Termination has occurred. Seller understands that this provision constitutes a waiver of its rights under Sections §9-509 and 9- 513 of the Uniform Commercial Code.
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Samples: Revolving Purchase and Security Agreement (Cardiff Lexington Corp)
No Lien Termination without Release. Notwithstanding payment in full of all Obligationsobligations by Seller, Purchaser shall not be required to record any termination or satisfaction of its liens on the Collateral unless and until Seller and any guarantors deliver to Purchaser a general release in a form acceptable to Purchaserrelease. Seller understands that this provision constitutes a waiver of its rights under Sections §9-509 and 9- 513 of the Uniform Commercial CodeUCC .
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No Lien Termination without Release. Notwithstanding payment in full of all Obligationsobligations by Seller, Purchaser shall not be required to record any termination or satisfaction of its liens on the Collateral unless and until Seller and any guarantors deliver to Purchaser a general release in a form acceptable to Purchaserrelease. Seller understands that this provision constitutes a waiver of its rights under Sections §9-509 and 9- 513 of the Uniform Commercial CodeUCC.
Appears in 1 contract
Samples: Invoice Purchase Agreement (Marrone Bio Innovations Inc)
No Lien Termination without Release. Notwithstanding payment in full of all Obligations, Purchaser shall not be required to record any termination or satisfaction of its liens on the Collateral unless and until Seller and any guarantors deliver to Purchaser a general release in a form acceptable to Purchaser. Seller understands that this provision constitutes a waiver of its rights under Sections 9-509 and 9- 9-513 of the Uniform Commercial Code.
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