Common use of TERMINATION OF SECURITY INTERESTS AND LIENS Clause in Contracts

TERMINATION OF SECURITY INTERESTS AND LIENS. At no cost or expense to Buyer, Seller shall cause, as of the Closing Date, all security interests, liens, claims, encumbrances and adverse interests to which any of the Purchased Assets are subject (other than those securing any of the Assumed Obligations) to be terminated and all indebtedness or obligations secured thereby (other than the Assumed Obligations) to be paid.

TERMINATION OF SECURITY INTERESTS AND LIENS. At no cost or expense to Buyer, Seller shall cause, as of the Closing Date, any and all security interests, liens, claims, encumbrances and adverse interests Liens to which any of the Purchased Acquired Assets are subject (other than those securing any of the Assumed Obligations) Permitted Liens), if any, to be terminated and all indebtedness or obligations secured thereby (other than the Assumed Obligations) to be paidpaid so as to permit the transfer and sale of the Acquired Assets to Buyer at the Closing as contemplated in Section 1.1 above.

TERMINATION OF SECURITY INTERESTS AND LIENS. At no cost or expense to Buyer, Seller shall cause, as of the Closing Date, any and all prior security interests, liens, claims, encumbrances and adverse interests to which any of the Purchased Assets are subject (other than those securing any of the Assumed ObligationsObligations listed on Schedule 1.3) to be terminated and all indebtedness or obligations secured thereby (other than the Assumed Obligations) to be paid.

TERMINATION OF SECURITY INTERESTS AND LIENS. At no cost or expense to Buyer, Seller shall cause, as of the Closing Date, all security interests, liens, claims, encumbrances and adverse interests to which any of the Purchased Assets are subject (other than except for those securing any of the Assumed Obligationslisted on Schedule 4.5 and which are not otherwise specified in Schedule 4.5 to be terminated) to be terminated and all indebtedness or obligations secured thereby (other than the Assumed Obligations) to be paid.