Lien Release Letter definition

Lien Release Letter means a lien release letter in customary form in respect of any Liens on the Target Shares or assets of the Acquired Companies and any guarantee obligations of any Acquired Companies pursuant to the First Lien Facilities Agreement.
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Lien Release Letter means the letter to be delivered by the Buyer Parties to Seller at the Closing in the form attached as Exhibit I confirming the release of the Liens on any of the Assets, the Shares or the Tergas Option as security for the repayment of the Pre-Existing Loan, the Deposit and the Additional Deposit effective upon the Closing.
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Lien Release Letter means the duly executed letters or other instruments from the administrative agent, collateral agent, collateral trustee and/or trustee, as applicable, releasing all Liens on the Acquired Assets filed in connection with any indebtedness of the Seller, and authorizing the filing of UCC-3 amendments reflecting such release, in each case at the Closing to be held in trust by Xxxxx Lord then released after the Seller’s receipt of the Purchase Price.
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Examples of Lien Release Letter in a sentence

  • Lien Release Letter (local national/dealership)or Permission to sell (dealership), if applicable.

  • Lien Release Letter or Permission to sell, if applicable.6. American & German customs form (AE 550- 175B).

  • On or before the Sale Date, the Seller shall have executed and delivered to the Purchaser this Agreement and fully-executed copy of each Lien Release Letter and the executed Powers of Attorney.

  • Parent shall receive the Promissory Note Payoff and Lien Release Letter in form reasonably satisfactory to Parent.

  • In other words, the Lien Release Letter had the effect of requiring that the sale of the Subject Property close due to the financial obligations I incurred in entering into a new lease, moving out of the Subject Property, and the probable liability to the Buyers related to the 1031 exchange.

  • Seller shall apply, and xXXxX*s shall cause Seller to apply, the Purchase Price (less certain transaction costs and expenses of Seller and xXXxX*s not to exceed Four Hundred Fifty Thousand Dollars ($450,000)) to repay outstanding Revolving Loans (as defined in the Credit Agreement, which term is defined in the GE Consent and Lien Release Letter) in such amount.

  • Company shall have delivered to Buyer the Lien Release Letters, and such Lien Release Letters shall be reasonably satisfactory in form and substance to Buyer and shall be in full force and effect on the Closing Date, including without limitation, a Lien Release Letter from Cool Xxxx.


More Definitions of Lien Release Letter

Lien Release Letter means the duly executed letters or other instruments from the administrative agent, collateral agent, collateral trustee and/or trustee, as applicable, releasing all Liens on the Acquired Interests and Non-Op Interests filed in connection with any indebtedness of the Seller involving the Acquired Interests and Non-Op Interests, and authorizing the filing of UCC-3 amendments reflecting such release, in each case at the Closing to be held in trust by Locke Lord LLP then released after the Seller’s receipt of the Purchase Price. “Loss” means any and all Liabilities, amounts paid in settlement, costs or expenses (including reasonable attorneys’, consultants’ fees and court costs). For the avoidance of doubt,
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Lien Release Letter means a letter agreement entered into by the Company, on one hand, and a holder of Closing Company Indebtedness, on the other hand, in form and substance reasonably satisfactory to Buyer, authorizing Buyer and any of the Lenders to release all Liens held by such holder of Closing Company Indebtedness upon the payment to such holder of Closing Company Indebtedness of the amounts set forth therein and mortgage releases in recordable form with respect to the Owned Real Property and Leased Real Property, if any, executed by the holder of the Closing Company Indebtedness which are reasonably acceptable to the Title Company.
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Related to Lien Release Letter

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Subordination Depletion Date The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.

  • Intercreditor Agreement Joinder means an agreement substantially in the form of Exhibit A.

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Subordination Agreement means any subordination agreement in form and substance satisfactory to Administrative Agent entered into from time to time with respect to Subordinated Debt.

  • First Lien/First Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Release Event has the meaning set forth in Section 6(b).

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Collateral Representative (i) in respect of the ABL/Term Loan Intercreditor Agreement, the ABL Collateral Representative (as defined therein) and the Term Loan Collateral Representative (as defined therein), (ii) if any Junior Lien Intercreditor Agreement is then in effect, the Senior Priority Representative (as defined therein) and (iii) if any Other Intercreditor Agreement is then in effect, the Person acting as representative for the Collateral Agent and the Secured Parties thereunder for the applicable purpose contemplated by this Agreement and the Guarantee and Collateral Agreement.

  • Collateral Trust Joinder means (i) with respect to the provisions of this Agreement relating to any Additional Parity Lien Debt, an agreement substantially in the form of Exhibit B, and (ii) with respect to the provisions of this Agreement relating to the addition of additional Grantors, an agreement substantially in the form of Exhibit C.

  • Release means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching into the Environment, or into, from or through any building, structure or facility.

  • Existing Intercreditor Agreement means the existing intercreditor agreement dated 11 May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007, as amended and restated on 5 November 2009 and as further amended on 5 November 2010) between, inter alia, Beverage Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Xxxxxxxx Group Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings (Luxembourg) III S.à x.x., Credit Suisse AG (formerly Credit Suisse) as security trustee and others.

  • SNDA means a Supplemental New Drug Application, as defined in the FDCA and applicable regulations promulgated thereunder.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Acknowledgment Agreement The document, substantially in the form of Exhibit B, to be executed by the Owner and the Servicer on or prior to each Closing Date which document shall amend the Mortgage Loan Schedule attached as Exhibit A hereto to reflect the addition of Mortgage Loans to such Exhibit A and which document reflects the addition of Mortgage Loans which are subject to the terms and conditions of this Agreement.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • Subordination Deed means a subordination deed entered into or to be entered into by, inter alia, each Subordinated Creditor and the Agent in agreed form;

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Collateral Report means any certificate (including any Borrowing Base Certificate), report or other document delivered by any Grantor to the Administrative Agent or any Lender with respect to the Collateral pursuant to any Loan Document.