Examples of Termination Statements in a sentence
Seller shall provide, if necessary, UCC-3 Termination Statements and/or such other instruments, executed by all appropriate third parties, demonstrating that the Assets are free and clear of all Liens, in form and substance acceptable to Buyer.
The Company having delivered UCC-3 Termination Statements for all the secured Debt to be paid off at Closing, or a Payoff Letter from the holder thereof agreeing to deliver the same after receipt of immediately available funds sufficient to pay off in full the secured Debt.
If the Buyer notifies the Sellers at least 10 Business Days prior to the Closing Date that it will repay any such indebtedness at Closing, the Sellers shall arrange to have the lenders with respect to such indebtedness deliver pay-off letters and UCC-3 Termination Statements at the closing with respect to such indebtedness.
The Lender shall have received duly executed UCC-3 Termination Statements and other instruments, in form and substance satisfactory to the Lender, as shall be necessary to terminate and satisfy all Liens on the Property of the Borrower and its Subsidiaries except Permitted Liens.
Thereupon, the Secured Party shall execute and deliver UCC-3 Termination Statements in recordable form and such other documents and instruments as reasonably may be required by Debtor to terminate and release the Liens in the Collateral granted hereby.
Upon confirmation of payment in full of the Note, the Collateral Agent shall (a) if any UCC-1 Financing Statements were previously filed, file any UCC-3 Termination Statements releasing the lien and security interest created by the Assignments, and (b) to the extent it then has possession of any of the remaining Pledged Collateral, will deliver such Pledged Collateral and the Assignments to the Pledgor.
Upon confirmation of payment in full of the Note, if any UCC-1 Financing Statements were previously filed, the Collateral Agent shall file any UCC-3 Termination Statements releasing the lien and security interest created by the Assignments.
The ISODC and Nexus4change put on occasional webinars, and the ISODC organizes occasional team interventions listed at: http://www.isodc.org.* * * * The UN DPU-NGO (Department of Public Information – Non-Governmental Organizations), United Nations, DPI/NGO Resource Centre, Room L-1B-31, (212)963-7233, 7234, 7078, Fax: (212)963-2819,dpingo@un.org, www.un.org/dpi/ngosection, publishes a provisional briefings and events calendars, usually taking place at the UN in New York City.
Title may be held by Auctions America, LLC at its sole discretion until such time as payment in full has been received, including clearing of funds, if applicable and all Termination Statements have been received regarding any lien payoffs.
Seller will take all action necessary prior to the Closing Date to release any and all liens or other encumbrances on the Purchased Assets and the Inventory Assets, if any, including, without limitation, causing any necessary UCC-2 Termination Statements to be filed.