Existing Liens and Indebtedness. The Borrower shall cause all existing liens, encumbrances and security interests (if any) held by any secured party other than the Bank on any assets or properties of the Borrower to be assigned to the Bank or fully released and terminated of record.
Appears in 2 contracts
Sources: Revolving and Term Loan Agreement (Seacoast Banking Corp of Florida), Loan Agreement (Southern Community Bancorp)