Common use of Release of Encumbrances Clause in Contracts

Release of Encumbrances. There must have been received by Seller and Buyer written releases of all Encumbrances (other than Permitted Encumbrances) on the Acquired Assets, in form and substance reasonably satisfactory to Buyer.

Appears in 3 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (loanDepot, Inc.), Asset Purchase Agreement (loanDepot, Inc.)

Release of Encumbrances. There must have been received by Seller and Buyer written releases of all Encumbrances (other than Permitted Encumbrances) on the Acquired Purchased Assets, in form and substance reasonably satisfactory to Buyer.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Cygne Designs Inc), Asset Purchase Agreement (Innovo Group Inc)

Release of Encumbrances. There must have been received by Seller and Buyer written releases of all Encumbrances (other than Permitted Encumbrances) on the Acquired Assets, in form and substance reasonably satisfactory to Buyer.

Appears in 1 contract

Sources: Asset Purchase Agreement (Resource Capital Corp.)

Release of Encumbrances. There must have been received by Seller and Buyer written releases of all Encumbrances (other than Permitted Encumbrances) on the Acquired Assets, Assets (in form and substance reasonably satisfactory to Buyer).

Appears in 1 contract

Sources: Asset Purchase Agreement (Tree.com, Inc.)