Release of Lien definition

Release of Lien means a release of a deed of
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Release of Lien means a release of lien in the form of Exhibit "C". --------------- -----------
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Release of Lien. We will not release any lien on any collateral if you are delinquent on, or in default on this Line. For example, if you are in default of your Line, we will not release our lien on a vehicle loan, even if the vehicle loan is current or paid in full. No Liability for Dishonor: We shall not have any liability relating to the dishonor or other return of any check or other item occurring as a result of us exercising our lien rights or good- faith freezing of your accounts. Notices: We may meet all requirements for sending you notice of any kind if we send it to you via United States mail, at your last given address. We may also meet this requirement by delivering these notices to you electronically if you have agreed to receive notices by electronic means. Attorney-in-Fact: Survival of Obligations: This security agreement not only binds you, but your executors, administrators, heirs and assigns.
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Examples of Release of Lien in a sentence

  • Signed Release of Lien may also be required by the DISTRICT at its option.

  • The borrower (acting through its engineer, if applica- ble) will obtain from the supplier a ‘‘Buy American’’ certificate, RUS Form 213, any manufacturer’s guar- antee(s) and, if applicable, a copy of RUS Form 224, Waiver and Release of Lien.

  • Unconditional Release of Lien from All Subcontractors (originals) If, the subcontractor listed is not used a letter on company letterhead signed by someone with signature authority must be submitted for the company used (if any).

  • Failure to submit such documentation will result in delay in payment or the City withholding from the final payment such funds as necessary to satisfy any Subcontractor claims.Where the Contractor has submitted a Performance/Payment Bond the Contractor may, in lieu of the Release of Lien/Subcontractor's Statement of Satisfaction, submit Consent of Surety to Requisition Payment.Contractor must use City Release of Lien, Affidavit and Consent of Surety forms or the Application for Payment will be rejected.

  • If the value of this Bid is below $50,000, Performance and Payment Bonds are not required; however, the City will not pay the Contractor until the work is accepted and the Contractor furnishes an acceptable Release of Lien and Affidavit of Bills Paid to the City.

  • Contractor must use City Release of Lien, Affidavit and Consent of Surety forms or the Application for Payment will be rejected.

  • The Contractor shall furnish the Owner with each estimate for payment and before final payment is made, a full Release of Lien signed by all Subcontractors and Materialmen associated in any way with the work.

  • The CONTRACTOR shall provide a Release of Lien stating that payment to all subcontractors/vendors/suppliers have been paid in full prior to the TOWN releasing the final payment.

  • The Contractor shall provide to the County, a Release of Lien or other suitable certification by the Seller, in addition to paid invoices, verifying that the Contractor has valid title to all materials for which payment is requested.

  • The Library will not make progress payments to the Contractor until Partial Release of Lien documents have been executed and provided to the Library.


More Definitions of Release of Lien

Release of Lien has the meaning, for each Project, set forth in Section 10.1(ii) of this Agreement.
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Release of Lien. The Borrower shall use its best efforts to obtain and deliver to the Agent, not later than thirty (30) days after the Closing Date proof of filing of appropriate UCC-3 terminations or other releases of any liens revealed in Borrower's UCC searches or otherwise, that Agent, in its sole discretxxx, xxxieves interferes with the rights granted to it in the Security and Pledge Agreement.
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Release of Lien on New York Real Property. Upon any sale of the New York Real Property pursuant to subsection 9.6(e), the Administrative Agent shall, and is hereby authorized to, execute and deliver to the relevant Borrower, or to such person or persons as such Borrower shall reasonably designate, all releases, satisfactions of mortgage, non-recourse assignments of mortgage and similar documents prepared by such Borrower at its expense which such Borrower shall reasonably request to evidence such release.
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Release of Lien means the document(s) the City shall prepare and issue, or cause to be prepared or issued, releasing the City's second lien on each assisted property upon Homebuyer's compliance with the Affordability Period and all other program requirements.
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Release of Lien. Evidence of clear liens related to material and sub- contractor work on the property
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Release of Lien means a release of lien in the form of EXHIBIT C.
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Related to Release of Lien

  • 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.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • 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.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

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

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Lien Waiver means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, by which (a) for any Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit the Administrative Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral; (b) for any Collateral held by a warehouseman, processor, shipper or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the Collateral as agent for the Administrative Agent, and agrees to deliver the Collateral to the Administrative Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges the Administrative Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Agent upon request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Agent the right, vis-à-vis such Licensor, to enforce the Administrative Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License or in the case of clauses (a) through (d) is otherwise satisfactory to the Administrative Agent.

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

  • 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.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

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

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Request for Release A release signed by a Servicing Officer, in the form of Exhibit E attached hereto.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • 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.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Environmental Indemnity means that certain Environmental Indemnity Agreement, dated as of the date hereof, executed by Borrower and Guarantor in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

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

  • Environmental Indemnity Agreement means the environmental indemnity agreement dated as of the date of this Agreement executed by Borrower for the benefit of the Indemnified Parties and such other parties as are identified in such agreement with respect to the Premises, as the same may be amended from time to time.

  • Release Instruments is defined in Section 11.12(f).