Common use of Release by Obligors Clause in Contracts

Release by Obligors. Excluding any continuing obligations of the Lenders and the Agent under the express terms and provisions of the Loan Agreement, the Loan Documents and this Amendment, each Obligor hereby releases, acquits, and forever discharges the Lenders and the Agent, and each of them, as well as their respective Related Parties, of and from any and all Claims arising out of, related to or in any way connected with any action or failure to act, prior to execution of this Amendment, in response to or in connection with any events or circumstances arising under or otherwise related to the Loan Agreement and the Loan Documents or any Defaults or Events of Default occurring under the Loan Agreement.

Appears in 2 contracts

Sources: Loan and Security Agreement (System Software Associates Inc), Loan and Security Agreement (System Software Associates Inc)

Release by Obligors. Excluding any only continuing obligations of the ------------------- Lenders and the Agent under the express terms and provisions of the Loan Agreement, the Loan Documents and this Amendment, each Obligor hereby releases, acquits, and forever discharges the Lenders and the Agent, and each of them, as well as their respective Related Parties, of and from any and all Claims arising out of, related to or in any way connected with any action or failure to act, prior to execution of this Amendment, in response to or in connection with any events or circumstances arising under or otherwise related to the Loan Agreement and the Loan Documents or any Defaults or Events of Default occurring under the Loan Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (System Software Associates Inc)