Release Upon Termination. Upon termination of the Contract by OMPA, OMPA will be released from further liability to Contractor or Surety Company. If Contractor cannot be located, the payment for any amount owed to Contractor for work performed will be held by OMPA for the Contractor for Thirty-Six (36) months, at which time payment will be deemed waived by the Contractor and OMPA will be released from any further liability to Contractor or Surety Company.
Release Upon Termination. Upon termination of this Lease pursuant to this Article 16, Lessee and Lessor hereby agree to release each other from any and all obligations and liabilities with respect to this Lease except such obligations and liabilities which arose or accrued prior to such termination.
Release Upon Termination. If all of the Obligations shall be paid in full and otherwise satisfied pursuant to the terms and conditions of this Instrument and the other documents and instruments evidencing, securing or relating to the Obligations, and if Secured Party has no further obligation to advance any amounts to Debtor, then all of the Collateral shall revert to Debtor, the liens and security interests created by this Instrument shall terminate and Secured Party shall, promptly after the request of Debtor or as otherwise required by applicable law, execute, acknowledge and deliver to Debtor a release or reconveyance of this Instrument and such other instruments as may be necessary to evidence the termination of the liens and security interests created by this Instrument.
Release Upon Termination. Upon termination of this Lease pursuant to this Article 14, Tenant and Landlord hereby agree to release each other from any and all obligations and liabilities under this Lease as to all or the affected portion of the Premises to the same extent as if this Lease had expired on the date of such termination, except for such obligations and liabilities which arise or accrue prior to such termination, and except for any contingent obligations of the parties which, pursuant to the other terms of this Lease, would have survived the expiration or termination hereof.
Release Upon Termination. Upon expiration or earlier termination or suspension of the Contract, HTA will have the right to provide the HTA’s Dial-A-Ride services by means of its own or subcontracted employees, Dial-A-Ride vehicles and equipment or pursuant to contract with other carrier(s), or otherwise, operated by Contractor as provided in the Contract, and at HTA’s election, Contractor shall assign its Dial-A-Ride vehicle leases with the Cities of Arcata and Eureka to HTA. Contractor agrees to release and hold harmless HTA and forever waive any claim, of any sort or nature, against the HTA based upon HTA's operation, or contracting for the operation, of the HTA’s Dial-A-Ride services or any portion thereof. In addition, as further consideration for the compensation to be paid by HTA to the Contractor for the provision of services called for by the Contract, the Contractor will release and hold harmless HTA, and waive any right that it otherwise might have to claim entitlement to benefits afforded to private mass transportation companies under Section 3(e) of the Federal Transit Administration Act of 1964 (49 U.S.C. S1 602(e)) as it now exists or hereafter maybe amended. The Contractor also hereby forever waives any claims of unfair competition that it otherwise might assert, and forever waives any rights that otherwise might accrue to it under the above-mentioned provisions or under any other similar or comparable provisions of law.
Release Upon Termination. The Ceding Insurer shall instruct the Reinsurance Trustee to liquidate and release to the Reinsurer for deposit into the Note Payment Account one Business Day prior to the Payment Date which coincides with the Termination Date all assets projected to be remaining in the Reinsurance Trust Account, if any, as of the Termination Date (after all transactions (including Loss Payments) affecting the Reinsurance Trust Account to occur on such date). The Reinsurer and the Ceding Insurer shall cooperate with each other and take all actions required by the Reinsurance Trust Agreement and the Reinsurance Trustee to terminate the Reinsurance Trust Account on the Payment Date which coincides with the Termination Date following all transactions affecting the Reinsurance Trust Account to occur on such date.
Release Upon Termination. On the date following the Termination Date on which all outstanding Capital and Yield is reduced to zero and all other Seller Obligations are paid in full, the Agent shall, at the expense of the Seller, promptly deliver any document or agreement reasonably requested by the Seller to evidence the termination of the interests of the Agent and the Purchaser in the Receivables, Related Security, the Blocked Accounts and the Lock-Boxes (including, without limitation, UCC-3 termination statement and notices terminating the Blocked Account Agreements).
Release Upon Termination. If all of the Obligations shall be paid in full and otherwise satisfied pursuant to the terms and conditions of this Instrument and the other documents and instruments evidencing, securing or relating to the Obligations, and if Debtors shall have well and truly performed all of the covenants and agreements herein contained, and if Secured Party has no further obligation to advance any amounts to Debtors, then all of the Collateral shall revert to Debtors, the liens and security interests created by this Instrument shall terminate and Secured Party or Trustee, or both, as required by applicable law, shall, promptly after the request of Debtors or as otherwise required by applicable law, execute, acknowledge and deliver to Debtors a release or reconveyance of this Instrument and such other instruments as may be necessary to evidence the termination of the liens and security interests created by this Instrument.
Release Upon Termination. Upon the satisfaction of all of the Borrower's obligations to the Lender hereunder, the Lender shall deliver to the Borrower the Collateral at the time subject to this Agreement and all instruments of assignment executed in connection therewith, free and clear of the lien hereof. When so released, such Collateral shall be free and clear of any lien or encumbrance hereunder.
Release Upon Termination. Upon any termination of this Agreement pursuant to this Section, Operator and Board hereby agree to Release each other from any and all obligations and liabilities with respect to this Agreement except such obligations and liabilities which arise or accrue prior to such termination.
