Release of Encumbrances. Prior to the Closing, Seller shall take any and all actions necessary to release any and all Encumbrances on the Purchased Assets. Without in any way limiting the foregoing, Seller shall have delivered to Buyer evidence of the execution of UCC-3 termination statements, releases of any security interests in any intellectual property rights and other agreements, filings and notices as necessary or reasonably requested to release all Encumbrances of record on the Purchased Assets, in form and substance reasonably satisfactory to Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Adams Michael F), Asset Purchase Agreement (AdvanSource Biomaterials Corp)
Release of Encumbrances. Prior to the Closing, the Seller shall take any and all actions necessary to release any and all Encumbrances on the Purchased Assets. Without in any way limiting the foregoing, the Seller shall have delivered to the Buyer evidence of the execution of UCC-3 termination statements, releases of any security interests in any intellectual property rights and other agreements, filings filings, and notices as necessary or reasonably requested to release of record all Encumbrances of record on the Purchased Assets, in form and substance reasonably satisfactory to Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement (BOVIE MEDICAL Corp), Asset Purchase Agreement (BOVIE MEDICAL Corp)
Release of Encumbrances. Prior to the Closing, the Seller shall take any and all actions necessary to release any and all Encumbrances on the Purchased Assets. Without in any way limiting the foregoing, the Seller shall have delivered to the Buyer evidence of the execution of UCC-3 termination statements, releases of any security interests in any intellectual property rights and other agreements, filings filings, and notices as necessary or reasonably requested to release of record all Encumbrances of record on the Purchased Assets, in form and substance reasonably satisfactory to Buyer.. ARTICLE VI
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