Common use of No Lien Termination without Release Clause in Contracts

No Lien Termination without Release. In recognition of Parafin’s right to have its legal counsel fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under the PPSA or CCQ.

No Lien Termination without Release. In recognition of Parafin’s right to have its legal counsel attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 513 of the PPSA or CCQUCC.

No Lien Termination without Release. In recognition of Parafin’s right to have its legal counsel attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9-513 of the PPSA or CCQUCC.

No Lien Termination without Release. In recognition of Parafin▇▇▇▇▇▇▇’s right to have its legal counsel attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Future Receivables purchased by Parafin, notwithstanding payment in full of all Obligations by Merchant, Parafin shall not be required to record any terminations or satisfactions of any of Parafin’s liens on the Future Receivable purchased by Parafin unless and until Parafin has received payment in full of all Obligations owed by Merchant to Parafin. Merchant understands that this provision constitutes a waiver of its rights under §9- 513 of the PPSA or CCQUCC.