Common use of UCC Lien Search Clause in Contracts

UCC Lien Search. Within the Inspection Period, Buyer may obtain at its expense: (i) a UCC-11 search of any and all liens filed against or with respect to the Property with the Office of the Alabama Secretary of State/Alabama Secured Transactions Registry, and (ii) a search of judgment and tax liens against Seller filed with the Office of the Alabama Secretary of State (collectively, the “Lien Searches”). Any liens disclosed by the Lien Searches shall be satisfied by Seller at or prior to Closing.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Park National Corp /Oh/), Purchase and Sale Agreement (Park National Corp /Oh/), Purchase and Sale Agreement (Park National Corp /Oh/)

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UCC Lien Search. Within the Inspection Period, Buyer may obtain at its expense: (i) a UCC-11 search of any and all liens filed against or with respect to the Property with the Office of the Alabama Florida Secretary of State/Alabama Florida Secured Transactions Registry, and (ii) a search of judgment and tax liens against Seller filed with the Office of the Alabama Florida Secretary of State (collectively, the “Lien Searches”). Any liens disclosed by the Lien Searches shall be satisfied by Seller at or prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Park National Corp /Oh/)

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