Lien Release definition

Lien Release means a lien release in favor of the Vessel and the Owner, executed by Builder and each Material Subcontractor or Supplier, in the form of Exhibit G.

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Lien Release means a document in form acceptable to Purchaser which, when filed in the records of the FAA Civil Aviation Registry, will cause a recorded Lien affecting the Aircraft to be terminated and released.

Lien Release has the meaning set forth in Section 2.5(b)(ii).

Examples of Lien Release in a sentence

• Each Agent, each Lender and each other Secured Party agrees that it will promptly take such action and execute any such documents as may be reasonably requested by the Borrower (such actions and such execution, the “Release Actions”), at the Borrower’s sole cost and expense, in connection with a Lien Release Event, Release/ Subordination Event or Guaranty Release Event and that such actions are not discretionary.

• Nothing contained herein shall prevent the Authority, at the cost and for the account of StadCo, from obtaining and filing, at StadCo’s expense, a Lien Release Bond, in the event StadCo fails or refuses to furnish the same within said thirty (30)-day period (or such longer period as is reasonably necessary to procure such bond but not to exceed sixty (60) days), in which event StadCo shall reimburse the Authority for the premium on such bond plus interest at the Default Rate.

• The Administrative Agent has received a fully executed copy of the Payoff Letter and evidence satisfactory to it that the Natixis Lien Release will be obtained on the date that the initial Advance is made.

• If required by the Company, the Contractor shall submit a completed and properly executed Partial Lien Release, as set forth in the Agreement, with each invoice, for the Work included in such invoice.

• The purchase orders with contractors for each of the projects, including any Lien Release and Waiver forms that are not executed.

More Definitions of Lien Release

Lien Release means the release by PNC Bank and certain other lenders of any liens applicable to the Sold Assets pursuant to (i) the Third Amended and Restated Credit Agreement dated August 24, 2010 (as amended), and (ii) the Amended and Restated Receivables Purchase Agreement dated May 31, 2011 (as amended).

Lien Release means those certain UCC-3 Financing Statements and other documents releasing a lien against any assets of any Borrower.

Lien Release means the Lien Release in the form attached hereto as Exhibit A.

Lien Release means an agreement by a Person holding a security interest, lien, or other Encumbrance in an Acquired Asset to unconditionally and completely release said security interest, lien, or other Encumbrance immediately before the Closing.

Lien Release shall have the meaning set forth in Section 39(a). .

Lien Release has the meaning set forth in Section 7.6(b).

Lien Release means the lien release executed and delivered by the Contractor in the form of EXHIBIT 4 hereto, which shall contain: