Common use of Release of Security Interests Clause in Contracts

Release of Security Interests. The Lender shall have received evidence satisfactory to it of the release and termination of all Liens other than Permitted Liens.

Appears in 9 contracts

Sources: Revolving Credit Loan and Security Agreement (Freedom Financial Group Inc), Loan and Security Agreement (Ild Telecommunications Inc), Loan and Security Agreement (Airport Systems International Inc)

Release of Security Interests. The Lender shall have received evidence satisfactory to it of the release and termination of all Liens other than Permitted LiensLiens and Liens securing the Secured Obligations.

Appears in 1 contract

Sources: Loan and Security Agreement (Shoneys Inc)