Common use of Release of Security Agreement Clause in Contracts

Release of Security Agreement. Notwithstanding the Profits Interest granted above, Seller shall release the liens created in the Security Agreement upon the final payment of the amounts owing under the Promissory Note. 4.3

Appears in 2 contracts

Sources: Stock Purchase and Profits Interest Agreement (Davis Gary J), Stock Purchase Agreement (Nix Leah Janice Trust)

Release of Security Agreement. Notwithstanding the Profits Interest granted above, Seller shall release the liens created in the Security Agreement upon the final payment of the amounts owing under the Promissory Note. 4.3.

Appears in 2 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement