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Lien Release Agreement

Lien Release Agreement Template for Netherlands

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Key Requirements PROMPT example:

Lien Release Agreement

"I need a Lien Release Agreement under Dutch law for releasing a security interest over commercial property in Amsterdam, where ABC Bank N.V. (as lender) will release its security following full repayment of a €5 million facility by XYZ Manufacturing B.V., with the release to be effective March 15, 2025."

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Document background
The Lien Release Agreement is a crucial document in Dutch secured financing transactions, used when a borrower has satisfied their secured obligations and seeks to clear the title to their property. This document type is essential in various contexts, including real estate financing, asset-based lending, and corporate security arrangements. Under Dutch law, the release must be properly documented and registered to be effective, particularly when dealing with registered security rights. The agreement must comply with the requirements of the Dutch Civil Code (Burgerlijk Wetboek) and the Dutch Cadastre Act (Kadasterwet). A typical Lien Release Agreement includes specific details about the original security, confirmation of obligation satisfaction, and explicit release language, along with provisions for registration and any surviving obligations.
Suggested Sections

1. Parties: Identification of the Lienor (security holder) and Lienee (property owner/debtor), including full legal names and addresses

2. Background: Description of the original security agreement, date of creation, and circumstances leading to the release

3. Definitions: Key terms used in the agreement, including 'Secured Property', 'Security Interest', 'Release Date', and 'Registration Requirements'

4. Acknowledgment of Satisfaction: Confirmation that all secured obligations have been satisfied or conditions for release have been met

5. Release of Lien: Express statement releasing the lien and relinquishing all rights and interests in the secured property

6. Registration and Filing: Requirements and procedures for recording the release with relevant authorities (e.g., Kadaster)

7. Representations and Warranties: Statements confirming authority to release the lien and absence of assignments or transfers

8. Governing Law: Confirmation of Dutch law as governing law and jurisdiction

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Partial Release Provisions: Required when only a portion of the secured property is being released

2. Surviving Obligations: Include when certain obligations or warranties survive the release

3. Further Assurances: Include when additional actions may be needed to effectuate the release

4. Cost and Expenses: Include when there is a need to specify responsibility for registration fees and related costs

5. Multiple Jurisdictions: Required when the secured property or registration requirements span multiple jurisdictions

6. Third Party Consents: Include when third party approvals are required for the release

Suggested Schedules

1. Schedule A - Property Description: Detailed description of the secured property being released, including registration numbers

2. Schedule B - Original Security Documents: List and details of the original security documents being released

3. Schedule C - Release Documentation: Forms and notices required for registration of the release

4. Appendix 1 - Evidence of Satisfaction: Documentation proving satisfaction of secured obligations

5. Appendix 2 - Authorization Documents: Corporate or other authorizations for executing the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Banking and Financial Services

Real Estate

Construction

Manufacturing

Infrastructure

Energy

Shipping and Maritime

Agriculture

Commercial Property

Industrial Property

Corporate Finance

Asset Finance

Relevant Teams

Legal

Finance

Real Estate

Compliance

Credit Administration

Risk Management

Treasury

Corporate Secretariat

Property Management

Transaction Management

Security Administration

Relevant Roles

Legal Counsel

Finance Director

Property Manager

Security Trustee

Corporate Secretary

Compliance Officer

Real Estate Manager

Credit Manager

Risk Officer

Treasury Manager

Transaction Manager

Legal Operations Manager

Notary

Registration Officer

Security Agent

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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