Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated, and Seller shall have received and delivered to Buyer duly executed UCC termination statements with respect to any and all UCC financing statements covering such assets and property at Closing.
Termination of Encumbrances. At the Closing, the Management Sellers shall deliver evidence satisfactory to Purchaser and its counsel that all Encumbrances and Liens, if any, on or with respect to (i) any of the Shares and any ownership interests in any Subsidiary, and (ii) any Encumbrances and Liens on or with respect to the Company, any Subsidiary or any Assets and properties have of the foregoing, in each case, been fully released and terminated (the “Released Encumbrances”), provided, however, notwithstanding anything herein to the contrary, notwithstanding the closing of the Transactions, failure to secure the release of any Encumbrances and Liens by the Sellers shall not constitute a waiver on the part of Purchaser of the obligations of Seller set forth in this Section 7.15
Termination of Encumbrances. Acquiror shall have received executed UCC-2 or UCC-3 termination statements executed by each Person holding a security interest in any assets of the Company as of the Closing Date terminating any and all such security interests and evidence reasonably satisfactory to Acquiror that all Encumbrances on any assets of the Company shall have been released prior to or simultaneously with the Closing.
Termination of Encumbrances. Tandy shall have received evidence reasonably satisfactory to Tandy of the release of all Encumbrances affecting the Acquired Assets, including pay-off letters and copies of such UCC-1 terminations under the Uniform Commercial Code and any other similar applicable regulation of any financing or similar statements filed against any of the Acquired Assets in all applicable jurisdictions or Xxxxxxxx shall otherwise provide evidence reasonably satisfactory to Tandy that all such Encumbrances are no longer effective.
Termination of Encumbrances. Any and all outstanding Encumbrances (other than Permitted Encumbrances) of the Company shall have been removed, discharged or otherwise terminated and at the Closing Acquirer shall have received a certificate to such effect executed by the Company's President or Chief Executive Officer.
Termination of Encumbrances. All liens and encumbrances on the Transferred Assets shall have been terminated save and except for Permitted Liens, and Seller shall have delivered to Buyer duly executed termination statements with respect to any and all financing statements covering such assets and property.
Termination of Encumbrances. All liens and encumbrances on the --------------------------- assets and property of Falcon shall have been terminated, and Falcon shall have received and delivered to the Company duly executed UCC termination statements with respect to all UCC financing statements covering such assets and property.
Termination of Encumbrances. Purchaser shall have received to its satisfaction documentation with respect to the full cancellation and release of all Encumbrances on the Transferred Assets, including without limitation, executed UCC-3 Termination Statements or, in the alternative, a pay-off letter from the secured lenders of Seller stating that its Encumbrances on the Transferred Assets will be released upon payment to such lender of a sum certain.
Termination of Encumbrances. At the Initial Closing, evidence satisfactory to Buyer and its counsel that:
Termination of Encumbrances. If and to the extent not removed --------------------------- by the Bankruptcy Court pursuant to the Sale Order, Seller shall use all reasonable efforts to obtain, and arrange for the filing of, all UCC-3 termination statements and any other necessary instruments to terminate all Encumbrances and to obtain releases of such Encumbrances, including, without limitation, those set forth on Schedule 3.1.8 and Schedule 3.1.11(a) or (b) -------------- ------------------------- hereto.
