Common use of Voluntary Release Clause in Contracts

Voluntary Release. Existing Borrower, New Borrower, and Existing Guarantor, and each of them, acknowledge that this waiver and release is voluntary and without any duress or undue influence, and is given as part of the consideration for Lender’s accommodation of Existing Borrower’s, New Borrower’s, and Existing Guarantor’s request for Lender’s consent to the Transfer and to New Borrower’s assumption of the Loan.