Active Liens definition
Active Liens has the meaning set forth in Section 7.2(ee).
Examples of Active Liens in a sentence
For all Encumbrances set forth on Schedule 7.2(ee) (the “Active Liens”), Target shall have delivered (i) evidence reasonably satisfactory to Acquiror of the release of the Active Liens, or (ii) payoff letters, in form and substance reasonably satisfactory to Acquiror, confirming release of the Active Liens upon payment of the amount set forth in such payoff letters at the Closing.