Common use of Termination Statements Clause in Contracts

Termination Statements. Evidence, satisfactory to Bank, that all Liens in favor of any third Persons not constituting Permitted Liens have been terminated.

Appears in 3 contracts

Samples: Commercial Loan Agreement (ICON ECI Fund Sixteen), Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.), Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)

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Termination Statements. Evidence, satisfactory to Bank, that all Liens in favor of any third Persons not constituting Permitted Liens have been terminated; provided, that Bank shall file or cause to be filed all termination statements required to be filed in connection with the Prior Line of Credit.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Icon Leasing Fund Eleven, LLC), Commercial Loan Agreement (Icon Leasing Fund Twelve, LLC)

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