Release of Rights and Obligations Sample Clauses

Release of Rights and Obligations. No assignment, transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and to impose such obligations on subsequent permitted transferees and assignees and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, such consent not to be unreasonably withheld or delayed.
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Release of Rights and Obligations. Except with respect to any claim MIC may have against Intek for a breach of Intek's obligations under Section 9.4(e) of this Agreement (Intek's obligation not to, and not to permit MUSA to, use any proceeds of the Securicor Loan Agreement other than for the benefit of MUSA), all representations, warranties and covenants under this Agreement shall cease and terminate immediately upon the transfer of the MUSA shares to MIC in connection with MIC's exercise of the Option.
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Release of Rights and Obligations. As of Partial Lease Termination, (a) Tenant fully and unconditionally releases, cancels, annuls, rescinds, discharges, disclaims, waives and releases any and all rights and benefits Tenant may have under the Lease with respect to the Binney Premises arising from and after Partial Lease Termination, and (b) Tenant shall have no further obligations with respect to the Binney Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Lease.
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Release of Rights and Obligations. From and after the Effective Date, Assignor shall have no further rights in or obligations to the extent accruing, from and after the Effective Date, under the Sublease but is not released from any of its obligations to Sublessee under the Sublease accruing prior to the Effective Date. Notwithstanding anything contained herein to the contrary, Assignor shall remain responsible for: (a) rent due under the Master Lease for 2011 for the Hilton Portfolio Properties, (b) certain indemnity obligations as provided in Section 5 of that certain Fourth Amendment to Lease between Landlord and Assignor of even date and (c) all obligations of Assignor to Sublessee under the Sublease accruing prior to the Effective Date.
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Release of Rights and Obligations. No assignment (including a merger, consolidation or sale of all or substantially all of the assets of the POLR Supplier), transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and, in the case of the transferee or assignee of the POLR Supplier, certify in writing that it has either an investment rating equal to or greater than the Minimum Investment Rating or a Tangible Net Worth equal to or greater than the Minimum Tangible Net Worth and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, 36 38 such consent not to be unreasonably conditioned, delayed or withheld. Notwithstanding the foregoing, an assignment by the POLR Supplier to an Affiliate that will own the Plants (as defined in the Asset Purchase Agreement) pursuant to Section 11.1 hereof shall relieve the assignor from liability and financial responsibility, effective the date that such Affiliate assumes ownership of the Plants as defined in the Asset Purchase Agreement. Successors & Assigns. This Agreement and all of the provisions hereof are binding upon, and inure to the benefit of, the Parties and their respective successors and permitted assigns.
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Release of Rights and Obligations. As of the Partial Lease Termination, (a) Tenant fully and unconditionally releases, cancels, annuls, rescinds, discharges, disclaims, waives and releases any and all rights and benefits Tenant may have under the Lease with respect to the Surrender Premises arising from and after the Partial Lease Termination (but, for the avoidance of doubt. Tenant retains any rights to audit and receive reimbursement on account of any overpayment of Operating Expenses with respect to the Surrender Premises), and (b) Tenant shall have no further obligations with respect to the Surrender Premises, except for those provisions of the Lease that, by their express terms, survive the expiration or earlier termination of the Lease.
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Release of Rights and Obligations. 72 10.4 DELIVERY OF MUSA CAPITAL STOCK.......................72 10.5
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Release of Rights and Obligations. No assignment (including a --------------------------------- merger, consolidation or sale of all or substantially all of the assets of the POLR Supplier), transfer, conveyance, pledge or disposition of rights, interests, duties or obligations under this Agreement by a Party shall relieve that Party from liability and financial responsibility for the performance thereof after any such transfer, assignment, conveyance, pledge or disposition unless and until (i) the transferee or assignee shall agree in writing to assume the obligations and duties of that Party under this Agreement and, in the case of the transferee or assignee of the POLR Supplier, certify in writing that it has either an investment rating equal to or greater than the Minimum Investment Rating or a Tangible Net Worth equal to or greater than the Minimum Tangible Net Worth and (ii) the non-assigning Party has consented in writing to such assumption and to a release of the assigning Party from such liability, such consent not to be unreasonably conditioned, delayed or withheld.
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Related to Release of Rights and Obligations

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

  • Transfer of Rights and Obligations 12.1 Lender has the right to transfer all or part of the right in this contract to a third party, the transferring actions do not need to acquire the consent of the borrower. If without the consent of the lender in writing, the borrower cannot transfer any right and obligations in this contract to a third party.

  • Survival of Rights and Obligations All rights and obligations of Employee or the Company arising during the term of this Agreement shall continue to have full force and effect after the termination of this Agreement unless otherwise provided herein.

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

  • Other Rights and Obligations 1. The Entrustor shall transfer the entrusted funds into its account for entrustment loans on a timely basis. The Lender will not commence disbursement procedures in accordance with the entrustment loan agreement and the loan contract etc. until the entrusted funds of the Entrustor have been deposited into its account for entrustment loans.

  • Rights and Obligations of Party B 1. Party B’s Rights

  • Rights and Obligations of Party A I. Rights of Party A

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

  • Parties' Rights and Obligations If during the Term there is any Taking of all or any part of the Leased Property or any interest in this Lease by Condemnation, the rights and obligations of the parties shall be determined by this Article XV.

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