Release of Certain Borrowers. AND BORROWING BASE ASSETS
Release of Certain Borrowers. Bank hereby agrees that Blackboard Netherlands, Blackboard Bermuda, Blackboard International Holdings and Bb Management are, effective as of the date hereof, hereby fully and completely released from any and all prior, present and future liability for repayment of the Obligations and any and all Liens on any Collateral owned by Blackboard Netherlands, Blackboard Bermuda, Blackboard International Holdings and Bb Management is, effective as of the date hereof, hereby released.
Release of Certain Borrowers. GSR, GSR/SIA and Holdings are each ----------------------------- hereby released as a Borrower under the Existing Loan Agreement; provided that any indemnification obligation of GSR, GSR/SIA and Holding thereunder shall continue in full force and effect.
Release of Certain Borrowers. Provided there are no events of default, the Bank hereby agrees to release the following Remaining Borrowers and their respective assets upon the payment of additional principal curtailments as listed:
(a) Xxxxxxxx Equipment Corp. and Greenway Corp. $250,000
(b) Xxxxxxxx Steel Erection Company, Inc. $250,000
Release of Certain Borrowers. The Lender hereby releases (as of the Effective Date) (1) HOF Village Parking, LLC, a Delaware limited liability company, (2) HOF Village Youth Fields, LLC, a Delaware limited liability company, (3) HOF Village Land, LLC, a Delaware limited liability company, (4) HOF Village Sports Business, LLC, a Delaware limited liability company, (5) HOF Village Hotel I, LLC, a Delaware limited liability company, (6) HOF Village Hotel WP, LLC, a Delaware limited liability company, (7) HOF Village Center for Excellence, LLC, a Delaware limited liability company, (8) HOF Village Center for Performance, LLC, a Delaware limited liability company, (9) HOF Village Residences I, LLC, a Delaware limited liability company, (10) HOF Village Parking Management I, LLC, a Delaware limited liability company, (11) HOF Village Waterpark, LLC, a Delaware limited liability company, (12) HOF Experience, LLC, a Delaware limited liability company, (13) HOF Village Media Group, LLC, a Delaware limited liability company, (14) HOF Village Retail I, LLC, a Delaware limited liability company, and (15) HOF Village Retail II, LLC, a Delaware limited liability company (collectively, the “Released Borrowers” and each, a “Released Borrower”) from any and all liabilities and obligations to any of Administrative Agent or Lender, arising under, pursuant to or in connection with the Loan Agreement and any of the Loan Documents other than those liabilities and obligations that expressly survive the termination of the Loan Agreement. Consequently, except as provided in this Amendment, all references to “Borrowers” or “Borrower” in the Loan Agreement and applicable Loan Documents shall exclude the Released Borrowers, and the Released Borrowers shall no longer be Borrowers for any purpose under the Loan Agreement or any of the Loan Documents. The remaining Borrowers shall be (1) HOF Resorts & Entertainment, (2) HOF Newco, and (3) HOF Stadium.
Release of Certain Borrowers. Upon any Borrower (other than VHC) ceasing to be a Subsidiary of the Parent pursuant to a transaction permitted under this Agreement, such Borrower shall be released from all of its rights and obligations hereunder and under the Loan Documents and shall cease to be Borrower for any purpose hereunder or thereunder; PROVIDED that such release shall not affect the aggregate Obligations of the other Borrowers hereunder.
Release of Certain Borrowers. In connection with any sale by Parent of all of the capital stock of any RoadOne Borrower, which sale is made in compliance with the terms of section 7.9(g) of the Credit Agreement or with the express consent of the Required Lenders, and upon the satisfaction of all of the conditions of the paydown letter delivered to Borrowers’ counsel with respect to such sale, which conditions shall include Collateral Agent’s receipt of the net proceeds of such sale, (a) all of such RoadOne Borrower’s Obligations under the Credit Agreement and the other Loan Documents, including without limitation such RoadOne Borrower’s obligations and duties to the other Borrowers pursuant to Section 3.12 of the Credit Agreement, shall be deemed to be released and discharged without any notice to, or further action by, any other Person, (b) such RoadOne Borrower shall cease to be a RoadOne Borrower and a Borrower under the Credit Agreement and shall thereafter be deemed removed as a party to any of the other Loan Documents; and (c) the Obligations of the remaining Borrowers under the Credit Agreement, and their corresponding obligations under the other Loan Documents, shall continue in full force and effect, and shall remain binding upon the remaining Borrowers notwithstanding the release of such RoadOne Borrower.
Release of Certain Borrowers. 12 LIST OF EXHIBITS Exhibit A Form of Umbrella Note Exhibit B Form of Borrowing Notice Exhibit C Form of Conversion Notice Exhibit D Form of Request for Issuance of Letter of Credit Exhibit E Form of Pledge Agreement Exhibit F Form of Grant of Intellectual Property Security Interest Exhibit I Form of Borrowing Base Certificate Exhibit J Form of Compliance Certificate Exhibit K Form of Dominion Account Control Agreement Exhibit L Form of Tri-Party Blocked Account Agreement
Release of Certain Borrowers. The Lender agrees that each of AAI/ACL Technologies Europe Limited and AAI MICROFLITE Simulation International Corporation shall not be Borrowers hereunder and that each is hereby released from any and all obligations hereunder and that any and all liens on the assets of each such entity are hereby released.
Release of Certain Borrowers. Consent is hereby given to the release of the following Subsidiaries as Borrowers under the Credit Agreement (it being understood that each shall continue as a Foreign Guarantor):
(a) Delta Euronet GmbH; and
(b) E-Pay Holdings Ltd.
