Agreement to Release. Each of the Released Guarantors is hereby released as a guarantor under the Indenture pursuant to the terms of Section 10.05(1) the Indenture.
Agreement to Release. The undersigned agree to execute a Release of University as to any claim for damages of any nature relating to injury or destruction or loss of property, bodily injury, illness, sickness, disease, death, or violation of any Constitutional rights of Participant as guaranteed in the United States which are caused, or claimed to be caused, in whole or in part, by the liability or conduct (including active, passive, primary, secondary, and contractual obligation) of University, its agents or employees, or anyone for whose acts any of them may be liable, other than by reason of gross negligence or willful misconduct.
Agreement to Release. During the Disposition Period, upon each Closing WAMU shall, provided no Loan Document Default has occurred and is then continuing and the applicable Borrower(s) is in compliance with all of its obligations under this Agreement, upon (i) the receipt of the aggregate, applicable Outstanding Loan Balance for the Loan or Loans corresponding to the Underperforming Property being sold, calculated as of the date of such Closing, and (ii) any Borrower Collateral Unit Excess Proceeds being applied as described under subsection E below, either (x) release its liens on the applicable Underperforming Property on the applicable Closing Date or (y) provide on such Closing Date to the title company handling the applicable Closing written confirmation satisfactory to them that such liens will be released promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence (in which case, WAMU shall release its liens promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence). WAMU shall have no obligation to release any Mortgage or other security interest or lien with respect to any Underperforming Property unless and until it has received the payment required to be made pursuant to this Section 2 at the Closing of the sale of such Underperforming Property. Upon the Closing for each Underperforming Property which is the subject of the Lease, Luzerne and Uni-Mart shall release such Underperforming Property from the Lease and terminate the recorded memorandum of lease with respect to such Underperforming Property, provided that, the rent payable under the Lease shall not be reduced by reason of such release and termination, except as contemplated by Section 11(a).
Agreement to Release. (A) Each of the Med Parties, on the one hand, and each of the PIBL Parties, on the other hand, hereby covenant and agree that, effective upon the Tolling End Date (and effective only if such Tolling End Date occurs): (i) each hereby releases the other and their respective Claim Affiliates from any and all claims, liabilities and obligations each of them may owe to the other, or to their respective Claim Affiliates, of whatever kind or nature, arising under or related to the Covered Claims, the Amended Debentures and all other agreements, instruments, transactions, and documents related to the Covered Claims or the Amended Debentures, except as otherwise provided in any Amended Debentures or in any of the Modification Documents; and (ii) any Debenture Collateral and any and all amounts remaining in the ARL Collection Account and the Med Collection Account shall be released from the Holders' lien thereon and shall be free from Amended Debenture restriction against return to Med, ARL or any owner thereof. In the event that there shall occur one or more Event of Default under the Amendment Agreement, then, unless the Med Parties and the PIBL Parties expressly agree otherwise in writing, the above described forbearance with respect to Covered Claims shall become null and void, and of no further force and effect, and each of the Med Parties and the PIBL Parties shall be free to pursue any Covered Claims that they may have against the other or their respective Claim Affiliates.
(B) Effective upon the Effective Date, the NCFE Party and each of the PIBL Parties, each for itself and behalf of its own PIBL/NCFE Claim Affiliates, hereby covenant and agree that (i) each provisionally releases the other and the other's PIBL/NCFE Claim Affiliates from any PIBL/NCFE Claims; and (ii) in the event that there shall occur one or more Event of Default under the Amendment Agreement, then, unless the NCFE Party and each of the PIBL Parties expressly agree otherwise in writing, such provisional release shall be null and void and of no further force and effect, and the NCFE Party and each of the PIBL Parties shall be free to pursue any PIBL/NCFE Claims that they may have against the other or their respective PIBL/NCFE Claim Affiliates; and (iii) if no such Event of Default shall have occurred, such provisional release shall become final and cease to be provisional in nature upon the Tolling End Date (if such date occurs).
Agreement to Release. Provided no Potential Default or Event of Default shall be in existence, and (b) the Borrower shall remain in pro forma compliance with the financial covenants set forth in Sections 10.8 through 10.11 after giving effect to any such transaction, upon the written request of the Borrower the Administrative Agent shall release any applicable pledge of Equity Interests to the extent such pledge is prohibited by the terms of such Indebtedness to be incurred or, as applicable, to permit the underlying asset to be sold in connection with an arms length third party transaction.
Agreement to Release. JEDA agrees that it will (if requested to do so by NationsBank after and during the continuance of an Event of Default) release, upon the consummation of the sale of any portion of the Collateral, its security interest and lien in such Collateral in connection with and in order to facilitate any orderly liquidation sale of such Collateral by Debtor or any bankruptcy trustee or receiver for Debtor. JEDA will, in connection with the sale, execute and deliver such documents, instruments and agreements as are necessary to effectuate such release and to evidence such release in the appropriate public records.
Agreement to Release. Subject to the terms and conditions hereof and of Section 5.05 of the Credit Agreement, upon receipt by the Agent of evidence satisfactory to it of the consummation of the sale of the Assets and the deposit of Net Cash Proceeds therefrom in an amount not less than $40,000,000 into the Collateral Reserve Account, the Agent agrees that it will release its security interest in the Assets.
Agreement to Release. My Claims. In exchange for me signing and not rescinding this Release as provided below, and me otherwise complying with my obligations under this Release, I will receive the Consideration. I understand and acknowledge that the Consideration is in addition to anything of value that I would be entitled to receive from Tactile if I did not sign this Release or if I rescinded this Release. In exchange for the Consideration I give up and release all of My Claims. I will not make any demands or claims against the Company for compensation or damages relating to My Claims. The Consideration I am receiving is a fair compromise for the release of My Claims.
Agreement to Release. During the Disposition Period, upon each Closing LaSalle shall, provided no Loan Document Default has occurred and is then continuing and the applicable Borrower(s) is in compliance with all of its obligations under this Agreement, upon (i) the receipt of the aggregate, applicable Outstanding Loan Balance for the Loan or Loans corresponding to the Underperforming Property being sold, calculated as of the date of such Closing, and (ii) any Borrower Collateral Unit Excess Proceeds being applied as described under subsection E below, either (x) release its liens on the applicable Underperforming Property on the applicable Closing Date or (y) provide on such Closing Date to the title company handling the applicable Closing written confirmation satisfactory to them that such liens will be released promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence (in which case, LaSalle shall release its liens promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence). LaSalle shall have no obligation to release any Mortgage or other security interest or lien with respect to any Underperforming Property unless and until it has received the payment required to be made pursuant to this Section 2 at the Closing of the sale of such Underperforming Property. Upon the Closing for each Underperforming Property which is the subject of the Lease, Xxxxxx-Xxxxx and Uni-Mart shall release such Underperforming Property from the Lease and terminate the recorded memorandum of lease with respect to such Underperforming Property, provided that, the rent payable under the Lease shall not be reduced by reason of such release and termination, except as contemplated by Section 11(a).
Agreement to Release. The Trustee hereby agrees to release each of the Subject Guarantors from all of its obligations under its Subsidiary Guarantees and the Indentures on the terms and subject to the conditions set forth in Article IX of the Indentures and pursuant to the Release.
