Release from Obligations. 6.1 The Specialist will no longer owe any obligation to the Employer under the Specialist Contract. This does not affect any collateral warranty between the Specialist and the Employer.
Release from Obligations. The Company and a Subsidiary Guarantor, as the case may be, shall be released from its obligations under this Indenture and the Successor Company and the Successor Guarantor, as the case may be, shall succeed to, and be substituted for, and may exercise every right and power of, the Company or a Subsidiary Guarantor, as the case may be, under this Indenture, but, in the case of a lease of all or substantially all its assets, the predecessor Company will not be released from the obligation to pay the principal of and interest on the Securities and a Subsidiary Guarantor will not be released from its obligations under its Subsidiary Guarantee. The Successor Company will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture.
Release from Obligations. Regardless of Lessor's consent, no ------------------------ assignment, transfer of possession or sublease shall release Guarantor from any of its obligations under the Guaranty or, except as hereinafter provided, Lessee of Lessee's obligations hereunder or alter the primary liability of Lessee to pay Rent hereunder (including, without limitation, Base Rent and Supplemental Rent) and to perform all other obligations to be performed by Lessee hereunder. The acceptance of Rent by
Release from Obligations. If any of the Tubridgi Parties assigns or transfers its rights and obligations under the Agreement, it will be automatically released and discharged from its obligations and liabilities under and in relation to the Agreement to the extent that those obligations and liabilities are assumed by the person who purchases or acquires the Tubridgi Pipeline System (or an interest in the Tubridgi Pipeline System) or possession and control of the Tubridgi Pipeline System.
Release from Obligations. Upon this Agreement becoming effective pursuant to Paragraph 2 hereof DBTC shall automatically relinquish its rights and be released from its obligations under the Intercreditor Agreement.
Release from Obligations. Upon termination of the Commitments and payment in full of all of the Guaranteed Obligations (other than indemnities described in the Credit Documents, in each case which are not then due and payable, any Hedge Liabilities that, at such time, are allowed by the applicable provider of such Hedge Liabilities to remain outstanding without being repaid, and any Cash Management Liabilities (other than Hedge Liabilities) that, at such time, are allowed by the applicable provider of such Cash Management Liabilities to remain outstanding without being required to be repaid or cash collateralized) this Guaranty shall terminate and be of no further force and effect (other than the provisions hereof that expressly survive such termination) and the Guaranteed Obligations of each Guarantor shall automatically terminate without delivery or performance of any act by any party.
Release from Obligations. I understand that the Secretary of the Army or his/her designee may at anytime release me without notice from the obligations under this contract and disenroll me from the ROTC Program without further benefits hereunder if, in the opinion of the Secretary of the Army or his or her designee, it is in the best interest of the Army.
Release from Obligations. Any termination of this Agreement shall terminate Clearview’s obligation to furnish services to Resident, and, upon payment of any refund provided for above, Clearview shall be discharged from any further obligations under this Agreement.
Release from Obligations. Subject to the provisions of Section 2 herein and the payment to Sanwa of the Termination Fee, Sanwa hereby absolutely, unconditionally, and irrevocably releases and forever discharges Xxxxxx from any and all of his respective debts, duties, obligations and liabilities arising under the Standstill Agreement and terminates the Standstill Agreement. For purposes hereof, the term "TERMINATION FEE" shall be defined as the sum of (a) Three Million Seven Hundred Fifty Thousand and no/100 Dollars ($3,750,000); PLUS (b) Two Hundred Fifty-Two Thousand Four Hundred Fourteen and 50/100 Dollars ($252,414.50), representing the amount due under the Junior Note and the Income Sharing Agreement as of March 31, 1997; PLUS (c) One Thousand Six Hundred Sixty-Six and 67/100 Dollars ($1,666.67) MULTIPLIED by the number of days between April 10, 1997 and the date on which Sanwa has received the Termination Fee. Sanwa does not release or discharge Xxxxxx from any other debts, duties, claims, obligations or liabilities that may be owing to Sanwa.
Release from Obligations. If the City draws on the Security to rectify any default by the Owners under this Agreement, then once the default has been rectified and the Owners have paid any shortfall to the City if required by Article 3.7, the Owners shall be relieved of any obligation to rectify the default to the extent that the City already has done.
