Release of ACS Clause Samples

Release of ACS. The Agent and each Lender hereby agrees and acknowledges that effective immediately following consummation the Sale, (i) ACS shall no longer be a Borrower under the Credit Agreement or a Grantor under the Security Agreement or otherwise be bound by, or a party to, any of the Loan Documents, (ii) ACS shall be deemed released and discharged from any and all liabilities and obligations under the Loan Documents and (iii) all security interests and other liens granted to or held by the Agent in any assets or property of ACS as security for the Obligations shall be deemed released and discharged, without recourse or warranty. The Agent agrees and acknowledges that upon the consummation of the Sale the Agent shall execute and return to ▇▇▇▇▇▇ such releases of liens, discharges, terminations and other release documentation reasonably requested by ▇▇▇▇▇▇ to evidence the release of the Agent’s liens and security interests in all of the assets and property of ACS.