Release Provision definition

Release Provision has the meaning set forth in Section 11.10(a).
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Release Provision means the agreement made on behalf of the Lenders and set forth in each Pledge Agreement as follows: provided no Default or Event of Default exists hereunder, upon receipt of written notice that the Borrower or such Wholly Owned Subsidiary is transferring a portion of its interest in a Subsidiary to a physician or group of physicians who have a business relationship with the Subsidiary and upon written request of the Borrower or any Wholly Owned Subsidiary that is a party to any Pledge Agreement, accompanied by such documentation as reasonably required by the Administrative Agent, the Administrative Agent is authorized (without further action or consent by the Lenders or Required Lenders) to release the interest being transferred by the Borrower or any Wholly Owned Subsidiary in such Subsidiary, provided that in no event shall such transfer reduce the ownership interest of the Borrower or any Wholly Owned Subsidiary in such Subsidiary below fifty-one percent (51%). The Administrative Agent shall not release the Lien held on behalf of the Lenders against any such Subsidiary if the ownership interest of the Borrower or any Wholly Owned Subsidiary therein is reduced below fifty-one percent (51%).
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Release Provision means, in respect of a foreign sentence, a measure in respect of early or conditional release, as and only to the extent indicated by the sentencing state, which applied to the foreign sentence prior to the transfer of the enforcement of the sentence to the State under the relevant Act
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Examples of Release Provision in a sentence

  • The Release Provision may be pleaded as a full and complete defense to, and may be used as the basis for an injunction against, any action, suit, or other proceeding which may be instituted, prosecuted, or attempted in breach of the release contained herein.

  • Each Loan Party acknowledges that the Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein.

  • Each Loan Party has had the assistance of independent counsel of its own choice, or has had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was retained, counsel for such Loan Party has read and considered the Release Provision and advised such Loan Party with respect to the same.

  • Before execution of this Agreement, each Loan Party has had adequate opportunity to make whatever investigation or inquiry it may deem necessary or desirable in connection with the subject matter of the Release Provision.

  • The Releasors have had the assistance of independent counsel of their own choice, or have had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was retained, counsel for Releasors has read and considered the Release Provision and advised Releasors with respect to the same.

  • The Releasors acknowledge that Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein.

  • The Release Provision shall be in addition to any right, privileges and immunities granted to the Lenders under the Loan Documents.

  • Before execution of this Agreement, such Loan Party has had adequate opportunity to make whatever investigation or inquiry it may deem necessary or desirable in connection with the subject matter of the Release Provision.

  • Releasor has had the assistance of independent counsel of its own choice, or has had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was retained, counsel for Releasor has read and considered the Release Provision and advised Releasor to execute the same.

  • Releasor acknowledges that Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein.


More Definitions of Release Provision

Release Provision means the agreement made on behalf of the Lenders and set forth in each Pledge Agreement as follows: provided
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Related to Release Provision

  • Restrictive Covenant Agreement means any agreement (including, without limitation, this Award Agreement), and any attachments or schedules thereto, entered into by and between the Participant and the Company or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation, non-disparagement and/or non- disclosure of confidential or proprietary information, in order to protect the business of the Company and its Affiliates.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Conditional release means a revocable modification of a

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Restrictive Covenant has the meaning set forth in Section 6(c).