Common use of No Novation or Release Clause in Contracts

No Novation or Release. Nothing in this Assumption Agreement shall be construed to release any other Guarantor or Grantor at any time party to the Guaranty and Security Agreement from its obligations and liabilities thereunder or otherwise affect any other Guarantor’s or Grantor’s obligations or liabilities under any Loan Document. [signatures begin on next page]

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Capital Park Holdings Corp.), Guaranty and Security Agreement

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No Novation or Release. Nothing in this Assumption Agreement shall be construed to release any other Guarantor or Grantor at any time party to the Guaranty and Security Agreement from its obligations and liabilities thereunder or otherwise affect any of such other Guarantor’s or Grantor’s obligations or liabilities under any Loan Document. [signatures begin on next page]

Appears in 2 contracts

Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (Phi Inc)

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