Original Agreement Release definition
Original Agreement Release has the meaning ascribed thereto in Section 2.01 hereof;
Examples of Original Agreement Release in a sentence
Until its release from escrow, the Original Agreement Release shall be held by the Escrow Agent pursuant to the Escrow Agreement.
Pursuant to the Original Agreement Release, the WorldSpace Parties shall cancel, release and discharge all obligations and liabilities (whether or not accrued) of Stonehouse arising under or in connection with the Loan Agreement or any of the other Original Agreements.
The Original Agreement Release shall be fully executed, and delivered to the Escrow Agent, no later than the Execution Date.
For the avoidance of doubt, the Original Agreement Release shall not become effective unless and until the Restructuring has occurred and the Original Agreement Release is released from escrow.