Common use of Release of Borrowers and Guarantors Clause in Contracts

Release of Borrowers and Guarantors. The Obligations of any Credit Party (other than Parent Borrower) shall automatically terminate and be of no further force or effect and such Credit Party shall be automatically released from all obligations under this Agreement and all the Loan Documents upon:

Appears in 6 contracts

Samples: Revolving Loan Credit Agreement (XPO, Inc.), Revolving Loan Credit Agreement (XPO Logistics, Inc.), Assignment Agreement (XPO Logistics, Inc.)

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Release of Borrowers and Guarantors. The Obligations of any Credit Loan Party (other than Parent Borrower) shall automatically terminate and be of no further force or effect and such Credit Loan Party shall be automatically released from all obligations under this Agreement and all the Loan Documents upon:

Appears in 5 contracts

Samples: Intercreditor Agreement (Gap Inc), Intercreditor Agreement (Gap Inc), Revolving Credit Agreement (Gap Inc)

Release of Borrowers and Guarantors. The Obligations of any Credit Loan Party (other than Parent BorrowerLead Borrower and Holdings) shall automatically terminate and be of no further force or effect and such Credit Loan Party shall be automatically released from all obligations under this Agreement and all the Loan Documents upon:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.)

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Release of Borrowers and Guarantors. The Obligations of any Credit Loan Party (other than the Parent Borrower) shall automatically terminate and be of no further force or effect and such Credit Loan Party shall be automatically released from all obligations under this Agreement and all the Loan Documents upon:

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Varex Imaging Corp)

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