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Document Preview Agreement to Assign Liens and Release Claims |
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Title: |
Agreement to Assign Liens and Release Claims |
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Entities: |
American Medical Technologies Inc.; ValueBank Texas; Aimee Maroney |
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Date: |
2003 |
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Size: |
7KB total |
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Price: |
$41 |
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ID: |
#175880 |
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AGREEMENT TO ASSIGN LIENS AND RELEASE CLAIMS
This Agreement to Assign Liens and Release Claims (Agreement) by and among ValueBank Texas (ValueBank), American Medical Technologies, Inc., a Delaware corporation (AMT), and Aimee Maroney (Maroney)
WITNESSETH
WHEREAS, ValueBank holds an SBA note issued by AMT pursuant to that certain Loan Agreement between ValueBank and AMT dated as of October 3, 2001 (the Note), and has a first priority lien on certain real estate and assets of AMT and an Unconditional Guarantee securing the payment of the Note;
WHEREAS, ValueBank has agreed to assign the Note and related security instruments and title policy to Maroney, and Maroney has agreed to accept the assignment and purchase such documents from ValueBank, all pursuant to the terms and conditions of that certain Assignment of Note and Liens (the Assignment) to be executed by ValueBank of even date herewith (capitalized terms used but not defined herein shall have the meanings ascribed to them in the Assignment); and
WHEREAS, in consideration for and as a condition to the purchase of the Note, ValueBank has agreed to release AMT and Maroney from any and all claims it may now or in the future have against either of them or any of their affiliates arising out of the Assignment, the Note, or any of the Security Documents;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto hereby agree as follows:
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