Release of Debt. Subject to clause 16.14, the Servicer may not voluntarily release a Borrower from any amount owing in respect of a Mortgage Loan, related Mortgage or First Layer of Collateral Security unless that amount has been written off by the Servicer, or the Servicer has determined to write-off such amount, in either case in accordance with the Servicing Standards.
Release of Debt. 81 16.11 Xxxxxxx, Releases and Compromises...............................81 16.12 Consent to subsequent Security Interests........................81 16.13 Consent to Leases etc...........................................81 16.14 Relief under Binding Provision or on Order of Competent Authority.......................................................81 16.15 Litigation......................................................82 16.16
Release of Debt. EACC hereby releases and forever discharges USBC and its officers, directors, agents, employees, successors, assigns and legal representatives from all actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, demands and/or liabilities of any nature whatsoever in connection with the Debt, whether or not now known, suspected or claimed, arising on or before the date hereof, relating to any matter whatsoever, which EACC, had, now has or may claim to have now against USBC and its officers, directors, agents, employees, successors, assigns and legal representatives.
Release of Debt. Pemco, LLC does hereby release any and all Remaining debt owed to it by Force Fuels, Inc. in exchange for the 50% working interest in the leases above set forth.
Release of Debt. The Buyer shall have received evidence satisfactory to it that effective as of the Closing Date, the Company and each Subsidiary are released from any and all liability with respect to the Debt, including, without limitation, releases from the Security Documents related thereto, and the Company and each Subsidiary are no longer obligated with respect to the Debt. 6.9
Release of Debt. Purchaser for itself, and on behalf of its assigns and successors (collectively, hereafter in this Article, “Seller Releasors”), does hereby completely and generally release, remise, acquit, and forever discharge Company and each of Company’s affiliates, present and former officers, directors, shareholders, representatives, employees, predecessors, successors, assigns, parent, subsidiary and sibling corporations and entities, if any, legal representatives and attorneys, agents and employees (collectively, hereafter “Purchaser Releasees”), of and from repayment of the Debt and any and all past, present, and future claims, demands, obligations, actions, causes of action, rights, damages, expenses, payment or relief of any nature whatsoever, whether based in tort, contract, statute, or any other theory of recovery, and whether for actual, compensatory, consequential, statutory, or punitive damages or any other relief or remedy, whether known or unknown, whether suspected or unsuspected, whether liquidated or unliquidated, whether mature or unmatured, whether direct, indirect or derivative, whether fixed or contingent, and whether secured or unsecured, which any Seller Releasor ever jointly or individually had, now has or have, or hereafter can, shall, or may have against Purchaser Releasees, or any of them, for, upon, or by reason, directly or indirectly, arising out of or related in any way to the Debt; provided, however, that nothing contained in this Agreement shall be construed to constitute a waiver, release or covenant not to xxx regarding or otherwise limit any Party’s rights to enforce this Agreement.
Release of Debt. On or prior to December 31, 2008, Buyer shall: (i) use commercially reasonable efforts to cause Xxxxxx/Xxxxx, LLC, Xxxxxxx Xxxxx, Xxxx X. X’Xxxxxx and Xxxxx Xxxxxx to be released from any and all obligations in connection with that certain General Indemnity Agreement in favor of Arch Insurance Company, dated February 5, 2007; (ii) cause Xxxxxxx Xxxxx, Xxxxx Xxxxxx, and Xxxxxx/Xxxxx, LLC to be released from any and all guarantees and any collateral provided in favor of Wachovia in connection with the Line of Credit, the Term Loan, and/or the new loan agreement and promissory notes that the Company has delivered or is delivering to Wachovia at or near the time of the Closing; (iii) use commercially reasonable efforts to cause Xxxxxxx Xxxxx, Xxxxx Xxxxxx, and Xxxxxx/Xxxxx, LLC to be released from any and all guarantees in favor of LBP Kenton, LLC.
Release of Debt. INTAC hereby releases and forever discharges Wanquin and Min and/or Weilian, as the case may be, from any obligation they may have to repay the HKD $10,687,500.00 loaned pursuant to the Agreement.
Release of Debt. (a) At or prior to the Closing, TransDigm shall cause the Fastener Subsidiaries to be released from all obligations under (i) the Credit Facilities and (ii) any other instrument under which either Fastener Subsidiary has incurred Debt or any guarantee of any Debt of any other Person by any Fastener Subsidiary, and any other instrument providing for any other right in respect thereof. At or prior to the Closing, TransDigm shall cause all Liens under any of the foregoing to be released.
Release of Debt. On and subject to the terms and conditions of this Agreement, the Company agrees to release and forever discharge NMPLC and NMLTD from any and all claims, manner of actions, whether at law or in equity suits, judgments, debts, liens, liabilities, demands, damages, and losses, fixed or contingent, which it now has or may have hereafter, directly or indirectly, relating to the Debt.
