release of lien


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release of lien

A recordable document showing that a lender,judgment creditor,the IRS,or other secured creditor no longer claims a lien upon real property.

References in periodicals archive ?
9) You might ask, "Is it prudent for me to obtain a release of lien and lien rights (only) from a contractor or other lienor that I am paying when that lienor has other rights to payment (e.
Thus, if a contractor gives an owner a waiver and release of lien upon final payment dated June 15, but does more billable work as of June 18, then the lien rights for the work done after June 15 are not waived.
A Notice of Release of Lien and Substitution of Alternate Security must include a surety bond or evidence of a cash deposit.
It is significant to note that pursuant to the amended statute, "a person may not require a lienor to furnish a waiver or release of lien that is different from the forms in subsection (4) or subsection (5) (of section 713.
As a result of obtaining the requisite consents, FGI Holding and FGI Operating each executed and delivered a supplemental indenture to their respective indentures setting forth the proposed amendments to the HoldCo Indenture and OpCo Indenture, respectively, including in the case of the OpCo Indenture, the release of liens.
Financial institutions realize timely lien perfection and release; motor vehicle dealers can reduce their reliance on a burdensome paper process related to the release of liens and production of titles; the consumer is provided with simpler, more reliable services; and the DMV's data integrity increases.
Upon attaining a one-level increase from the company's current corporate credit ratings to BBB- from Standard & Poor's and Baa3 from Moody's and the release of liens securing supplemental credit facilities, the credit agreement will become unsecured.
Prior to the close of the pending merger with LEI, DTVG seeks to amend certain terms and conditions of the debt outstanding at LEI including the release of liens on shares of DTVG common stock owned by subsidiaries of LEI.
Laurus") 2,000,000 shares of its common stock in exchange for Laurus' release of liens on the purchased assets, and entered into a Royalty Agreement with RG Risk Management, Inc.
These include the absence of a material adverse change in the financial condition of the propane and heating oil segments (other than as previously disclosed); the absence of a material disruption or material adverse change in the financial, banking or capital markets; the negotiation of acceptable definitive documentation; the receipt of satisfactory financial statements; the perfection of liens; the repayment of existing indebtedness and release of liens securing that indebtedness; solvency; satisfactory collateral audits and appraisals; the preparation of a satisfactory offering memorandum for the public or private debt securities and confidential memorandum for the asset based and bridge facilities; and others.
Completion of the transaction is subject to several conditions including the release of liens held by the Seller's lenders on the restaurant equipment and inventory, the receipt of new franchise agreements from Burger King Corporation, the receipt of new leases from the landlords of the restaurants and other customary conditions.
The closing of the transaction is subject to various conditions, including approval by the Company's stockholders, the consent and release of liens by certain of the Company's lenders, and the continuation of CAT's $40 million credit facility.