Common use of Release and Discharge Clause in Contracts

Release and Discharge. Upon full payment of the Indebtedness and performance by the Borrower of all its other obligations hereunder, except as otherwise provided in this Agreement including without limitation in Section 2.12, the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Mission West Properties Inc), Revolving Credit Loan Agreement (Mission West Properties Inc)

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Release and Discharge. Upon full payment of the Indebtedness Note and performance by the Borrower Debtor of all its other obligations hereunder, except as otherwise provided in this Agreement including without limitation in Section 2.12Obligations, the parties to this Agreement shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement (except that Debtor and the Loan DocumentsGuarantor remain liable to Lender for those Obligations specifically set forth in this Agreement as surviving repayment of the Note).

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Superior Consultant Holdings Corp)

Release and Discharge. Upon full payment of the Indebtedness and performance by the Borrower of all its other obligations hereunder, except as otherwise provided in this Agreement including without limitation in Section 2.12, 5.19 (d) hereof the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documentsother documents contemplated hereby.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Manatron Inc)

Release and Discharge. Upon full payment of the Indebtedness and performance by the each Borrower of all its other obligations hereunder, except as otherwise expressly provided in this Agreement including without limitation in Section 2.12herein, the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documentsother documents contemplated hereby.

Appears in 1 contract

Samples: Secured Loan Agreement (Hilite Industries Inc)

Release and Discharge. Upon full payment of the Indebtedness and performance by the Borrower of all its other obligations hereunder, except as otherwise expressly provided in this Agreement including without limitation in Section 2.12herein, the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documentsother documents contemplated hereby.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Commercial Mortgage Fund)

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Release and Discharge. Upon full payment of the Indebtedness and performance by the Borrower Company of all its other obligations hereunder, except as otherwise provided in this Agreement including without limitation in Section 2.12, the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documentsother documents contemplated hereby, and the Bank shall record and file such terminations, releases or other documents required by law.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Autocam Corp/Mi)

Release and Discharge. Upon full payment of the Indebtedness and --------------------- performance by the Borrower of all its other obligations hereunder, except as otherwise provided in this Agreement including without limitation in Section 2.12, 5.20(f) hereof the parties shall thereupon automatically each be fully, finally and forever released and discharged from any claim, liability or obligation in connection with this Agreement and the Loan Documentsother documents contemplated hereby.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Symmetricom Inc)

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