Release of Liens and Security Interests. (a) All liens and security interests on the Purchased Assets, if any, held by all Seller secured parties (the “Secured Parties”) shall be released and all related discharge of lien notices and forms shall be filed and recorded in the appropriate government offices in accordance with the requirements of the Uniform Commercial Code and copies of such notices and forms shall have been provided to Buyer. (b) All Secured Parties, if any, shall, in writing, release the Buyer from any and all liability or obligation to them relating to any debts of Seller owed to the Secured Parties with respect to the Purchased Assets or otherwise.
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Samples: Asset Purchase Agreement (Eco Science Solutions, Inc.), Asset Purchase Agreement (Separation Degrees - One, Inc.), Asset Purchase Agreement (Separation Degrees - One, Inc.)
Release of Liens and Security Interests. (a) All liens and security interests on the Purchased Assets, if any, held by all Seller secured parties (the “"Secured Parties”") shall be released and all related discharge of lien notices and forms shall be filed and recorded in the appropriate government offices in accordance with the requirements of the Uniform Commercial Code and copies of such notices and forms shall have been provided to Buyer.
(b) All Secured Parties, if any, shall, in writing, release the Buyer from any and all liability or obligation to them relating to any debts of Seller owed to the Secured Parties with respect to the Purchased Assets or otherwise.
Appears in 1 contract
Samples: Asset Purchase Agreement (Separation Degrees - One, Inc.)
Release of Liens and Security Interests. (a) All liens and security interests on the Purchased Assets, if any, held by all Seller secured parties (the “Secured Parties”) shall be released and all related discharge of lien notices and forms shall be filed and recorded in the appropriate government offices in accordance with the requirements of the Uniform Commercial Code and copies of such notices and forms shall have been provided to BuyerBuyers.
(b) All Secured Parties, if any, shall, in writing, release the Buyer Buyers from any and all liability or obligation to them relating to any debts of Seller Sellers owed to the Secured Parties with respect to the Purchased Assets or otherwise.
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