Release of Rights and Obligations. No assignment, transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and to impose such obligations on subsequent permitted transferees and assignees and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, such consent not to be unreasonably withheld or delayed.
Release of Rights and Obligations. Except with respect to any claim MIC may have against Intek for a breach of Intek's obligations under Section 9.4(e) of this Agreement (Intek's obligation not to, and not to permit MUSA to, use any proceeds of the Securicor Loan Agreement other than for the benefit of MUSA), all representations, warranties and covenants under this Agreement shall cease and terminate immediately upon the transfer of the MUSA shares to MIC in connection with MIC's exercise of the Option.
Release of Rights and Obligations. As of Partial Lease Termination, (a) Tenant fully and unconditionally releases, cancels, annuls, rescinds, discharges, disclaims, waives and releases any and all rights and benefits Tenant may have under the Lease with respect to the Binney Premises arising from and after Partial Lease Termination, and (b) Tenant shall have no further obligations with respect to the Binney Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Lease.
Release of Rights and Obligations. From and after the Effective Date, Assignor shall have no further rights in or obligations to the extent accruing, from and after the Effective Date, under the Sublease but is not released from any of its obligations to Sublessee under the Sublease accruing prior to the Effective Date. Notwithstanding anything contained herein to the contrary, Assignor shall remain responsible for: (a) rent due under the Master Lease for 2011 for the Hilton Portfolio Properties, (b) certain indemnity obligations as provided in Section 5 of that certain Fourth Amendment to Lease between Landlord and Assignor of even date and (c) all obligations of Assignor to Sublessee under the Sublease accruing prior to the Effective Date.
Release of Rights and Obligations. No assignment (including a merger, consolidation or sale of all or substantially all of the assets of the POLR Supplier), transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and, in the case of the transferee or assignee of the POLR Supplier, certify in writing that it has either an investment rating equal to or greater than the Minimum Investment Rating or a Tangible Net Worth equal to or greater than the Minimum Tangible Net Worth and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, 36 38 such consent not to be unreasonably conditioned, delayed or withheld. Notwithstanding the foregoing, an assignment by the POLR Supplier to an Affiliate that will own the Plants (as defined in the Asset Purchase Agreement) pursuant to Section 11.1 hereof shall relieve the assignor from liability and financial responsibility, effective the date that such Affiliate assumes ownership of the Plants as defined in the Asset Purchase Agreement. Successors & Assigns. This Agreement and all of the provisions hereof are binding upon, and inure to the benefit of, the Parties and their respective successors and permitted assigns.
Release of Rights and Obligations. As of the Partial Lease Termination, (a) Tenant fully and unconditionally releases, cancels, annuls, rescinds, discharges, disclaims, waives and releases any and all rights and benefits Tenant may have under the Lease with respect to the Surrender Premises arising from and after the Partial Lease Termination (but, for the avoidance of doubt. Tenant retains any rights to audit and receive reimbursement on account of any overpayment of Operating Expenses with respect to the Surrender Premises), and (b) Tenant shall have no further obligations with respect to the Surrender Premises, except for those provisions of the Lease that, by their express terms, survive the expiration or earlier termination of the Lease.
Release of Rights and Obligations. 72 10.4 DELIVERY OF MUSA CAPITAL STOCK.......................72 10.5
Release of Rights and Obligations. No assignment (including a --------------------------------- merger, consolidation or sale of all or substantially all of the assets of the POLR Supplier), transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and, in the case of the transferee or assignee of the POLR Supplier, certify in writing that it has either an investment rating equal to or greater than the Minimum Investment Rating or a Tangible Net Worth equal to or greater than the Minimum Tangible Net Worth and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, such consent not to be unreasonably conditioned, delayed or withheld.
