Common use of Release upon Satisfaction Clause in Contracts

Release upon Satisfaction. In consideration of the covenants and agreements contained herein, the Obligors hereby agree to execute and deliver a general release to Lender in conjunction with any payoff or satisfaction of the Obligations related to all matters arising in connection with the Obligations.

Appears in 3 contracts

Sources: Modification Agreement (TRANS LUX Corp), Modification Agreement (TRANS LUX Corp), Modification Agreement

Release upon Satisfaction. In consideration of the covenants and agreements contained herein, the Obligors hereby agree to execute and deliver a general release to the Lender in conjunction with any payoff or satisfaction of the Obligations related to all matters arising in connection with the Obligations.

Appears in 1 contract

Sources: Forbearance Agreement (TRANS LUX Corp)