Agreement to Release. Each of the Released Guarantors is hereby released as a guarantor under the Indenture pursuant to the terms of Section 10.05(1) the Indenture.
Agreement to Release. The undersigned agree to execute a Release of University as to any claim for damages of any nature relating to injury or destruction or loss of property, bodily injury, illness, sickness, disease, death, or violation of any Constitutional rights of Participant as guaranteed in the United States which are caused, or claimed to be caused, in whole or in part, by the liability or conduct (including active, passive, primary, secondary, and contractual obligation) of University, its agents or employees, or anyone for whose acts any of them may be liable, other than by reason of gross negligence or willful misconduct.
Agreement to Release. During the Disposition Period, upon each Closing LaSalle shall, provided no Loan Document Default has occurred and is then continuing and the Uni-Mart is in compliance with all of its obligations under this Agreement, upon (i) the receipt of the aggregate, applicable Outstanding Loan Balance for the Loan corresponding to the Underperforming Property being sold, calculated as of the date of such Closing, and (ii) any Borrower Collateral Unit Excess Proceeds being applied as described under subsection E below, either (x) release its liens on the applicable Underperforming Property on the applicable Closing Date or (y) provide on such Closing Date to the title company handling the applicable Closing written confirmation satisfactory to them that such liens will be released promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence (in which case, LaSalle shall release its liens promptly after such Closing Date, subject to the satisfaction of clauses (i) and (ii) of this sentence). LaSalle shall have no obligation to release any Mortgage or other security interest or lien with respect to any Underperforming Property unless and until it has received the payment required to be made pursuant to this Section 2 at the Closing of the sale of such Underperforming Property.
Agreement to Release. (a) Trustee agrees that it will, if requested to do so by Agent during the continuance of an Event of Default, release its Lien in Bank Priority Collateral in connection with and in order to facilitate any foreclosure or realization upon such Bank Priority Collateral or any orderly liquidation sale of such Bank Priority Collateral, and promptly upon the request of Agent, Trustee, will, at its expense, execute and deliver such documents, instruments and agreements as are necessary to effectuate such release and to evidence such release in the appropriate public records. Notwithstanding the foregoing, the Lien granted to Trustee shall, subject to all of the provisions of this Agreement, continue in any proceeds of such Bank Priority Collateral remaining after the application of such proceeds to the Bank Obligations.
Agreement to Release. (a) Except for obligations pursuant to this Settlement Agreement, on the Effective Date, each of RG&E, GE Capital, Debtor and each Kamine Affiliate shall mutually release, acquit and forever discharge each other and its respective past or present officers, directors, partners, employees, agents and attorneys (other than those persons that acted or were in such capacities with respect to BGI) from any and all manner of Claims, claims or causes of action with respect to any and all actions or inactions, however described, whether in law or equity, whether known or unknown, that any party has or may have against any othet party as of the Effective Date, for or by reason of any cause, matter or thing whatsoever, to the extent, and only to the extent, related to or in respect of Debtor, the purchased Assets, the PPA, the Consent Agreement, the Pending Legal proceedings, the PSC Proceeding or any transaction relating to any of the foregoing. Such general releases shall be in the form of Xxxxxxxx 0, 0, 00 xxx 00 xxxxxxx xxxxxx.
Agreement to Release. (A) Each of the Med Parties, on the one hand, and each of the PIBL Parties, on the other hand, hereby covenant and agree that, effective upon the Tolling End Date (and effective only if such Tolling End Date occurs): (i) each hereby releases the other and their respective Claim Affiliates from any and all claims, liabilities and obligations each of them may owe to the other, or to their respective Claim Affiliates, of whatever kind or nature, arising under or related to the Covered Claims, the Amended Debentures and all other agreements, instruments, transactions, and documents related to the Covered Claims or the Amended Debentures, except as otherwise provided in any Amended Debentures or in any of the Modification Documents; and (ii) any Debenture Collateral and any and all amounts remaining in the ARL Collection Account and the Med Collection Account shall be released from the Holders' lien thereon and shall be free from Amended Debenture restriction against return to Med, ARL or any owner thereof. In the event that there shall occur one or more Event of Default under the Amendment Agreement, then, unless the Med Parties and the PIBL Parties expressly agree otherwise in writing, the above described forbearance with respect to Covered Claims shall become null and void, and of no further force and effect, and each of the Med Parties and the PIBL Parties shall be free to pursue any Covered Claims that they may have against the other or their respective Claim Affiliates.
Agreement to Release. JEDA agrees that it will (if requested to do so by NationsBank after and during the continuance of an Event of Default) release, upon the consummation of the sale of any portion of the Collateral, its security interest and lien in such Collateral in connection with and in order to facilitate any orderly liquidation sale of such Collateral by Debtor or any bankruptcy trustee or receiver for Debtor. JEDA will, in connection with the sale, execute and deliver such documents, instruments and agreements as are necessary to effectuate such release and to evidence such release in the appropriate public records.
Agreement to Release. Provided no Potential Default or Event of Default shall be in existence, and (b) the Borrower shall remain in pro forma compliance with the financial covenants set forth in Sections 10.8 through 10.11 after giving effect to any such transaction, upon the written request of the Borrower the Administrative Agent shall release any applicable pledge of Equity Interests to the extent such pledge is prohibited by the terms of such Indebtedness to be incurred or, as applicable, to permit the underlying asset to be sold in connection with an arms length third party transaction.
Agreement to Release. The Trustee hereby agrees to release each of the Subject Guarantors from all of its obligations under its Subsidiary Guarantees and the Indentures on the terms and subject to the conditions set forth in Article IX of the Indentures and pursuant to the Release.
Agreement to Release. Subject to the terms and conditions hereof and of Section 5.05 of the Credit Agreement, upon receipt by the Agent of evidence satisfactory to it of the consummation of the sale of the Assets and the deposit of Net Cash Proceeds therefrom in an amount not less than $40,000,000 into the Collateral Reserve Account, the Agent agrees that it will release its security interest in the Assets.
