Common use of Release by Borrower Clause in Contracts

Release by Borrower. Notwithstanding the assignment made and evidenced by the Assignment and the assumption by the Lender of certain obligations and liabilities of the Existing Lender pursuant thereto, the Borrower hereby releases and discharges the Lender from all obligations, claims, losses, causes of action, and liabilities, of whatsoever kind or nature, whether heretofore or hereafter accruing, whether now known or unknown, arising under or in connection with any Existing Loan Document or Existing Letter of Credit or any act or omission by the Existing Lender under or in connection with any Existing Loan Document or Existing Letter of Credit; provided, however, nothing set forth in this Section shall relieve the Lender from its obligations and liabilities under the Loan Documents (other than the Assignment) to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Ultra Petroleum Corp)

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Release by Borrower. Notwithstanding the assignment made and evidenced by the Assignment and the assumption by the Lender Agent on behalf of the Lenders of certain obligations and liabilities of the Existing Lender pursuant thereto, the Borrower hereby releases and discharges the Lender Agent and the Lenders from all obligations, claims, losses, causes of action, and liabilities, of whatsoever kind or nature, whether heretofore or hereafter accruing, whether now known or unknown, arising under or in connection with any Existing Loan Document or Existing Letter of Credit or any act or omission by the Existing Lender under or in connection with any Existing Loan Document or Existing Letter of Credit; provided, however, nothing set forth in this Section shall relieve the Lender Agent and the Lenders from its obligations and liabilities under the Loan Documents (other than the Assignment) to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Release by Borrower. Notwithstanding the assignment made and ------------------- evidenced by the Assignment and the assumption by the Lender Agent of certain obligations and liabilities of the Existing Lender Lenders pursuant thereto, the Borrower hereby releases and discharges the Lender Agent from all obligations, claims, losses, causes of action, and liabilities, of whatsoever kind or nature, whether heretofore or hereafter accruing, whether now known or unknown, arising under or in connection with any Existing Loan Document or Existing Letter of Credit or any act or omission by the Existing Lender Lenders under or in connection with any Existing Loan Document or Existing Letter of Credit; provided, however, nothing set forth in this Section shall relieve the Lender Lenders from its their obligations and liabilities under the Loan Documents (other than the Assignment) to which it is a party.

Appears in 1 contract

Samples: Assignment Agreement (Southern Mineral Corp)

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Release by Borrower. Notwithstanding the assignment made and evidenced by the Assignment and the assumption by the Lender of certain obligations and liabilities of the Existing Lender pursuant thereto, the Borrower hereby releases and discharges the Lender from all obligations, claims, losses, causes of action, and liabilities, of whatsoever kind or nature, whether heretofore or hereafter accruing, whether now known or unknown, arising under or in connection with any Existing Loan Document or Existing Letter of Credit or any act or omission by the Existing Lender under or in connection with any Existing Loan Document or Existing Letter of CreditDocument; provided, however, nothing set forth in this Section shall relieve the Lender from its obligations and liabilities under the Loan Documents (other than the Assignment) to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

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