Debt Release Clause Samples

Debt Release. Under the terms of this Agreement, KfW shall release the Borrower from the payment of redemption instalments and interest payments due under the Underlying Agreements to this Debt Swap Agreement up to the amount of EUR 10.000.000,00 (“Debt Swap Amount”). The obligation to pay interest on the Debt Swap Amount will be suspended as of the date of signature of this Agreement. It will be cancelled finally as of the same date to the extent that the cancellation of corresponding debt amounts has been confirmed in accordance with the provisions of Section 1.3 of this article. The cancellation of the part of the Debt Swap Amount that relates to each respective Counterpart Payment as defined and made in accordance with Section 2.1 will enter into force as soon as KfW declares such cancellation in writing vis-à-vis the Borrower. KfW will declare said cancellation only if the Global Fund has provided evidence acceptable to KfW of the disbursement by the Borrower to the Global Fund of such Counterpart Payment and of the use of an equivalent amount of funds for the Project (as defined in Section 3.1) in accordance with Section 3.2. Such evidence shall be provided in accordance with the procedure referred to in Sections 2.3 and 3.5 ; and if the Government of the Federal Republic of Germany has given its consent to the cancellation. Together with the declaration mentioned above KfW will send to the Borrower a confirmation of the exact amount cancelled and a correspondingly revised repayment schedule to the Underlying Agreements. For information purposes only, KfW shall send a copy of such declaration to the Global Fund. Amounts due for cancellation under the terms of this Agreement shall be proportionally set off against all payment instalments under the Underlying Agreements, unless KfW at its own discretion determines a different method of set-off.

Debt Release. After the deadline for Requests for Exclusion, Money Mart will completely and unconditionally release, forever discharge and acquit the Indebted Class Members. As set out in the Notice Plan, Money Mart will then immediately take steps to notify the Indebted Class Members that they have been released by Money Mart, the Former Franchises and the Current Franchisees from their indebtedness, that they are in good standing and that they can avail themselves of all the products and services available at Money Mart Stores, subject to normal qualification criteria.

Debt Release. Defendants will release any claims against members of the Settlement Class for physical damage done to apartment units. For any member of the Settlement Class, Defendants will release and not attempt to directly or indirectly seek to collect any such amounts or transfer or sell any such purported debts. Any credit reporting relating to the damages claimed will be deleted or updated to show a zero balance. This value of this release totals $88,150.91 as of February 8, 2018.

Debt Release. The Releasor hereby agrees to release the Releasee from all his obligations and liabilities to the said Loan Agreement, including all and any interests, fees, penalties, as well as all and any properties attached as security, upon satisfaction and fulfillment of the said obligations and liabilities to the loan agreement. The Releasor also agrees to release