Amendments to the parties. (a) The New Borrower shall (i) be released from its obligations as Guarantor and (ii) replace the Existing Borrower as Borrower and assume all rights and obligations of the Borrower under the Amended and Restated Loan Agreement and any reference to the "Borrower" under the Amended and Restated Loan Agreement shall be read as a reference to the New Borrower. (b) The Existing Borrower shall (i) be released from its obligations as Borrower and (ii) replace the New Borrower as Guarantor and assume all rights and obligations of the Guarantor under the Amended and Restated Loan Agreement.
Appears in 3 contracts
Samples: Amendment Agreement No. 2, Amendment Agreement No. 2, Amendment Agreement No. 2
Amendments to the parties. (a) The New Borrower shall (i) be released from its obligations as Guarantor and (ii) replace the Existing Borrower as Borrower and assume all rights and obligations of the Borrower under the Amended and Restated Loan Agreement and any reference to the "Borrower" under the Amended and Restated Loan Agreement shall be read as a reference to the New Borrower.. [NEC03]
(b) The Existing Borrower shall (i) be released from its obligations as Borrower and (ii) replace the New Borrower as Guarantor and assume all rights and obligations of the Guarantor under the Amended and Restated Loan Agreement.
Appears in 1 contract
Samples: Amendment Agreement No. 2
