Release of Certain Obligations. Upon the effectiveness of the New Borrower Transaction, the Predecessor shall no longer be the Borrower under the Credit Agreement or any other Loan Document, nor shall it have any rights or obligations as the Borrower thereunder, and the Predecessor shall be released from any and all obligations under the Loan Documents.
Appears in 4 contracts
Samples: Borrower Assumption Agreement (Entergy Texas, Inc.), Borrower Assumption Agreement (Entergy Arkansas Inc), Credit Agreement (Entergy New Orleans, LLC)
Release of Certain Obligations. [Upon the effectiveness of the New corresponding Resulting Borrower Transaction][Upon the effectiveness of the Sole Borrower Transaction], the Predecessor shall no longer be the a Borrower under the Credit Agreement or any other Loan Document, nor shall it have any rights or obligations as the of a Borrower thereunder, and the Predecessor shall be released from any and all obligations under the Loan Documents.
Appears in 1 contract
Samples: Credit Agreement (Entergy Gulf States Louisiana, LLC)