Common use of Release of Obligors Clause in Contracts

Release of Obligors. Any full or partial release of the liability of the Borrower on the Indebtedness or any part thereof, of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Indebtedness or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that he may be required to pay the Indebtedness without assistance or support of any other Person, and the Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding or agreement that any Person other than the Borrower will be liable to perform any portion of the Indebtedness, or the Bank will look to any other Person to perform any portion of the Indebtedness. Notwithstanding the foregoing, the Guarantor does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he may have, after payment in full of the Indebtedness, against others liable on the Indebtedness. The Guarantor’s rights of subrogation and reimbursement are, however, subordinate to the rights and claims of the Bank;

Release of Obligors. Any full or partial release of the liability of the Borrower on the Indebtedness Guaranteed Debt or any part thereof, or of any co-guarantors, or any other Person person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee guarantee, or assure the payment of the Indebtedness Guaranteed Debt or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that he Guarantor may be required to pay the Indebtedness Guaranteed Debt in full without assistance or support of any other Personparty, and the Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding understanding, or agreement that any Person other than the Borrower parties will be liable to perform any portion of the IndebtednessGuaranteed Debt, or the Bank that Lender will look to any other Person parties to perform any portion of the Indebtedness. Notwithstanding Guaranteed Debt; notwithstanding the foregoing, the Guarantor does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he it may have, after payment in full of the IndebtednessGuaranteed Debt, against others liable on the Indebtedness. The Guaranteed Debt; Guarantor’s 's rights of subrogation and reimbursement are, however, subordinate to the rights and claims of the BankLender;

Release of Obligors. Any full or partial release of the liability of the Borrower on the Indebtedness Guaranteed Debt or any part thereof, or of any co-guarantors, or any other Person person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee guarantee, or assure the payment of the Indebtedness Guaranteed Debt or any part thereof, it being recognized, acknowledged and agreed by the Guarantor Guarantors that he Guarantors may be required to pay the Indebtedness Guaranteed Debt in full without assistance or support of any other Personparty, and the Guarantor has Guarantors have not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding understanding, or agreement that any Person other than the Borrower parties will be liable to perform any portion of the IndebtednessGuaranteed Debt, or that the Bank Credit Parties will look to any other Person parties to perform any portion of the Indebtedness. Notwithstanding Guaranteed Debt; notwithstanding the foregoing, the Guarantor does Guarantors do not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement reimbursement, or contribution which he they may have, after payment in full of the IndebtednessGuaranteed Debt, against others liable on the Indebtedness. The Guarantor’s Guaranteed Debt; Guarantors’ rights of subrogation and reimbursement are, however, subordinate to the rights and claims of the BankCredit Parties;

Release of Obligors. Any full or partial release of the liability of the Borrower on the Indebtedness Guaranteed Obligation or any part thereof, of any co-guarantors, or any other Person person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Indebtedness Guaranteed Obligation or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that he Guarantor may be required to pay the Indebtedness Guaranteed Obligation in full without assistance or support of any other Personparty, and the Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding or agreement that any Person other parties (other than Borrower pursuant to the Borrower Loan Agreement) will be liable to perform any portion of the IndebtednessGuaranteed Obligation, or the Bank that Lender will look to any other Person parties to perform any portion of the Indebtedness. Notwithstanding Guaranteed Obligation; notwithstanding the foregoing, the Guarantor does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he it may have, after payment in full of the IndebtednessGuaranteed Obligation, against others liable on the Indebtedness. The Guaranteed Obligation; Guarantor’s 's rights of subrogation and reimbursement are, however, subordinate to the rights and claims of Lender until such time as the BankGuaranteed Obligation is paid in full;

Release of Obligors. Any full or partial release of the ------------------- liability of the Borrower on the Indebtedness Liabilities or any part thereof, of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Indebtedness Liabilities or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that he Guarantor may be required to pay the Indebtedness Liabilities in full without assistance or support of any other Person, and the Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding or agreement that any Person parties other than the Borrower will be liable to perform any portion of the IndebtednessLiabilities, or the Bank will look to any other Person parties to perform any portion of the IndebtednessLiabilities. Notwithstanding the foregoing, the Guarantor does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he it may have, after payment in full of the IndebtednessLiabilities, against others liable on the Indebtedness. The Liabilities; Guarantor’s 's rights of subrogation and reimbursement are, are however, subordinate to the rights and claims of the Bank;.

Release of Obligors. Any full or partial release of the liability of the Borrower EEX Capital on the Indebtedness Liabilities or any part thereof, of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Indebtedness Liabilities or any part thereof, it being recognized, acknowledged and agreed by the Guarantor EEX that he EEX may be required to pay the Indebtedness Liabilities in full without assistance or support of any other Person, and the Guarantor EEX has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding or agreement that any Person other parties other than the Borrower EEX Capital will be liable to perform any portion of the IndebtednessLiabilities, or the Bank MIStS Issuer will look to any other Person parties to perform any portion of the IndebtednessLiabilities. Notwithstanding the foregoing, the Guarantor EEX does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he it may have, after payment in full of the IndebtednessLiabilities, against others liable on the Indebtedness. The Guarantor’s Liabilities; EEX's rights of subrogation and reimbursement are, are however, subordinate to the rights and claims of the BankMIStS Issuer;

Release of Obligors. Any full or partial release of the liability of the Borrower on the Indebtedness Guaranteed Debt or any part thereof, or of any co-guarantorsthe Guarantor, or any other Person person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Indebtedness Guaranteed Debt or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that he Guarantor may be required to pay the Indebtedness Guaranteed Debt in full without assistance or support of any other Personparty, and the Guarantor has not been induced to enter into this Guaranty Agreement on the basis of a contemplation, belief, understanding or agreement that any Person other than the Borrower parties will be liable to perform any portion of the IndebtednessGuaranteed Debt, or the Bank that Lender will look to any other Person parties to perform any portion of the Indebtedness. Notwithstanding Guaranteed Debt; notwithstanding the foregoing, the Guarantor does not hereby waive or release (expressly or impliedly) any rights of subrogation, reimbursement or contribution which he it may have, after payment in full of the IndebtednessGuaranteed Debt, against others liable on the Indebtedness. The Guaranteed Debt; Guarantor’s 's rights of subrogation and reimbursement are, however, subordinate to the rights and claims of the BankLender;