Lender Liens definition
Examples of Lender Liens in a sentence
The Lender Liens on any Collateral shipped under this section continue in full force and effect.
Sellers shall have obtained full, absolute and unconditional releases of all Lender Liens and Loan Obligations.
Furthermore, Borrower shall -- and shall cause each other appropriate Company to -- perform the acts, duly authorize, execute, acknowledge, deliver, file, and record any additional writings, and pay all filings fees and costs as Agent or Determining Lenders may reasonably deem appropriate or necessary to perfect and maintain the Lender Liens and preserve and protect the Rights of Agent and Lenders under any Loan Document.
The Lender Liens in the Collateral shall be further evidenced and governed by the Collateral Documents.
Whenever Lenders no longer have any commitment to extend credit under any Credit Document and the Obligation has been fully paid and performed, then Administrative Agent and Lenders shall, upon Borrower's written request and at Borrower's cost and expense, cause the Lender Liens on all Collateral to be released and all Guaranties to be terminated and released.