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

Samples: Second Modification Agreement and Waiver (TRANS LUX Corp), Second Modification Agreement and Waiver, Modification Agreement (TRANS LUX Corp)

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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

Samples: Forbearance Agreement (TRANS LUX Corp)

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