Common use of UCC-3’s; Payoff Letters Clause in Contracts

UCC-3’s; Payoff Letters. Buyer shall have received fully executed payoff letters or UCC-3 termination statements and other terminations, pay-offs and/or releases, or, at Buyer’s option, assignments, necessary to terminate, release or assign, as the case may be, all Liens on the properties of the Company and evidence of the complete satisfaction in full of all outstanding Indebtedness of the Company.

UCC-3’s; Payoff Letters. Buyer shall have received fully Fully executed payoff letters or UCC-3 termination statements and other terminations, pay-offs and/or releases, or, at Buyer’s ’ option, assignments, necessary to terminate, release or assign, as the case may be, all Liens on the properties of the Company and each of the Company’s Subsidiaries and evidence of the complete satisfaction in full of all outstanding Indebtedness of the Company and each of the Company’s Subsidiaries (other than with respect to capitalized leases for equipment used in the ordinary course of business).

UCC-3’s; Payoff Letters. Buyer shall have received fully executed payoff letters or UCC-3 termination statements and other terminations, pay-pay offs and/or releases, or, at Buyer’s option, assignments, necessary to terminate, release or assign, as the case may be, all Liens on the properties of the Company Sellers (including the Acquired Assets) and evidence of the complete satisfaction in full of all outstanding Indebtedness Debt of Sellers, the CompanyAcquired Assets and/or the Business.

UCC-3’s; Payoff Letters. Buyer shall have received fully Duly executed payoff letters or and UCC-3 termination statements and other terminations, pay-offs and/or releasesreleases (in each case, or, at in a form reasonably satisfactory to Buyer’s option, assignments, necessary to terminate, release or assign, as the case may be, all Liens on the properties of the Company and evidence of ) evidencing the complete satisfaction in full of all outstanding Indebtedness of the Company.Company and its Subsidiaries;

UCC-3’s; Payoff Letters. Buyer shall have received fully executed payoff letters or UCC-3 termination statements and other terminations, pay-offs and/or releases, or, at Buyer’s option, assignments, necessary to terminate, release or assign, as the case may be, all Liens on the properties of the Company and its Subsidiaries (including the Liens set forth on Schedule 2.11 attached hereto), and evidence of the complete satisfaction in full of all outstanding Indebtedness of the CompanyCompany and its Subsidiaries.