Common use of Release of Borrowers and Guarantors Clause in Contracts

Release of Borrowers and Guarantors. The Obligations of any Loan Party (other than Parent Borrower) shall automatically terminate and be of no further force or effect and such Loan Party shall be automatically released from all obligations under this Agreement and all Loan Documents upon:

Appears in 6 contracts

Samples: Revolving Credit Agreement (Gap Inc), Intercreditor Agreement (Gap Inc), Intercreditor Agreement (Gap Inc)

AutoNDA by SimpleDocs

Release of Borrowers and Guarantors. The Obligations of any Loan Credit Party (other than Parent Borrower) shall automatically terminate and be of no further force or effect and such Loan Credit Party shall be automatically released from all obligations under this Agreement and all the Loan Documents upon:

Appears in 6 contracts

Samples: Revolving Loan Credit Agreement (XPO, Inc.), Revolving Loan Credit Agreement (XPO Logistics, Inc.), Assignment Agreement (XPO Logistics, Inc.)

Release of Borrowers and Guarantors. The Obligations of any Loan Party (other than Parent BorrowerLead Borrower and Holdings) shall automatically terminate and be of no further force or effect and such Loan Party shall be automatically released from all obligations under this Agreement and all Loan Documents upon:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.)

AutoNDA by SimpleDocs

Release of Borrowers and Guarantors. The Obligations of any Loan Party (other than the Parent Borrower) shall automatically terminate and be of no further force or effect and such Loan Party shall be automatically released from all obligations under this Agreement and all Loan Documents upon:

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Varex Imaging Corp), Revolving Credit and Guaranty Agreement (Varex Imaging Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!