Releases and Terminations Sample Clauses

Releases and Terminations. Upon the effectiveness of this Amendment pursuant to Section 5 below, the Agent and the Lenders hereby acknowledge and agree that each of Edelman Shoe, Inc., Caleres International Corporation (f/k/a Xxxxx Shoe International Corp.) and Xxxxxx Xxxxx & Co. (collectively, the “Released Borrowers”) shall be automatically released from their obligations and liabilities as Borrowers and Facility Guarantors under the Credit Agreement and the other Loan Documents without further action by any party hereto, and Caleres Canada (the “Released Guarantor”, and together with the Released Borrowers, individually, a “Released Loan Party”, and collectively, the “Released Loan Parties”) shall be automatically released from its obligations and liabilities as a Facility Guarantor under the Credit Agreement and the other Loan Documents without further action by any party hereto, and all liens, mortgages or charges upon, and security interests in, each Released Loan Party’s assets which have been granted as collateral to or in favor of the Agent under the Loan Documents shall automatically be deemed released, discharged and terminated without further action from any party, and the Loan Documents shall each be deemed amended to remove all references to the Released Loan Parties. The Borrowers or their designees (including, without limitation, the Agent) are authorized to file, register and/or record all collateral releases, termination statements (including all UCC termination statements and PPSA termination statements), security interest terminations and other terminations, releases or documents (including control agreement amendments) with the appropriate filing offices or recorder’s offices, as applicable, as may be necessary to release any security interests and liens held by the Agent in and to any of the Released Loan Parties’ assets which have been granted as collateral to the Agent or to effectuate, or reflect of public record, the release and discharge of any such security interests and liens as contemplated herein, and the Agent agrees to promptly execute any such documents. The Agent agrees, at the Lead Borrower’s expense, to execute such amendments to control agreements and other documents as are necessary or appropriate to effectuate such release, such amendments and documents to be in form and substance reasonably satisfactory to the Agent.
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Releases and Terminations. Effective as of the Effective Time and subject to the satisfaction or waiver of the conditions contained in Section 1 hereof:
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Releases and Terminations. (a) On or prior to the 45th day following the Closing Date, the Borrower shall have caused Old Anchor to execute and file releases and terminations of any and all Liens, other than Existing Liens, encumbering all assets purchased by the Borrower pursuant to the Acquisition Documents necessary to satisfy paragraph 31 of the Sale Order.
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Releases and Terminations. Effective as of the Fifth Amendment Effective Date (as defined below),
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Releases and Terminations. (a) (i) Dr. Comité, on behalf of herself, and all of her successors, heirs, assigns, benefit plans, plan trustees and plan administrators, past and present, and their attorneys, and all persons acting by, through, under or in concert with them or any of them and affiliated and/or associated companies, corporations, partnerships and organizations and all of their present and former employees, officers, directors, shareholders, partners, owners, agents, attorneys, assigns, representatives, contractors, contract employees, and each of them (the “Comité Parties”), do hereby finally, fully, and forever release and discharge the Company and its subsidiaries, affiliates, predecessors, successors, agents, representatives, officers, directors, employees, shareholders, insurers, heirs, assigns, benefit plans, plan trustees and plan administrators, past and present, and their attorneys, and all persons acting by, through, under or in concert with them or any of them (the “Company Parties”) from any and all causes of action, claims, suits, debts, liens, contracts, liabilities, agreements, costs, or demands for expenses or losses of any type, known or unknown (“Claims”), arising out of or relating to the Consulting Agreement, including without limitation any and all Claims made or raised or which could have been asserted by the Comité Parties.
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Related to Releases and Terminations

  • Release and Termination (a) Upon any sale, transfer or other disposition or removal from the Designated Pool of any Pool Aircraft (or Owner Subsidiary or Intermediate Lessee) or other item of Collateral in accordance with the terms of the Loan Documents, including the Pledged Equity Interest in each Owner Subsidiary or Intermediate Lessee that owns or leases such Pool Aircraft, or if applicable, Irish Subsidiary Holdco or CA Subsidiary Holdco (in each case, upon a removal of such Transaction Party in accordance with Sections 2.10 or 5.04 of the Credit Agreement), such Collateral will be deemed released from the Lien hereof (and related guarantees will be deemed released in accordance with Section 7.11 of the Credit Agreement), and the Collateral Agent will, at the relevant Grantor’s expense, execute and deliver to the Grantor of such item of Collateral such documents as such Grantor shall reasonably request and provide to the Collateral Agent to evidence the release of such item of Collateral from the assignment and security interest granted hereby and to evidence the release of any related guaranty, and to the extent that (A) the Collateral Agent’s consent is required for any deregistration of the interests in such released Collateral from the International Registry or any other registry or (B) the Collateral Agent is required to initiate any such deregistration, the Collateral Agent shall ensure that such consent or such initiation of such deregistration is effected. Any amounts released from the Collateral Account by the Collateral Agent in accordance with the terms of the Loan Documents shall be deemed released from the Lien hereof.

  • Amendments and Termination This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive.

  • Assignment and Termination This Agreement shall not be assignable by any party except to successors to all or substantially all of the business of either party for any reason whatsoever without the prior written consent of the other party, which consent may be arbitrarily withheld by the party whose consent is required.

  • Modification and Termination The rights of Optionee are subject to modification and termination upon the occurrence of certain events as provided in Sections 13 and 14 of the Plan.

  • Resignation and Termination An Authenticating Agent may resign by notifying the Indenture Trustee and the Owner Trustee. The Indenture Trustee may terminate the agency of an Authenticating Agent by notifying the Authenticating Agent and the Owner Trustee.

  • Reductions and Terminations In the event of the reduction, lapse, or termination of a policy or policies reinsured under this Agreement or any other agreement, the Ceding Company will, in order to maintain its full retention, reduce or terminate reinsurance on that life. If there is a reduction on a policy reinsured under this Agreement, the Ceding Company's Retained Share will be adjusted, if necessary, and Reinsured Net Amount at Risk will be recalculated, using the new Specified Amount. If the reduction is on a policy not reinsured under this Agreement, the reinsurance reduction will apply first to the policy or policies being reduced and then, on a chronological basis, to other reinsured policies on the life, beginning with the oldest policy. As a result of such reductions, to the extent necessary, the Ceding Company will recalculate the full available retention defined in Exhibit A for each policy reinsured under this Agreement and recalculate Ceding Company's Retained Share and Reinsured Net Amount at Risk for the policy. Reductions in reinsurance under this provision shall be proportionate to the Reinsurer's share of the total amount of reinsurance on the policy.

  • Disposition and Termination The Depositor and the Issuer agree to notify the Escrow Agent in writing of any subscription revocations and the Initial Closing date of the Offering. Additionally, subsequent to an Initial Closing, Depositor and the Issuer agree to notify the Escrow Agent in writing of Subsequent Closing dates, if any, and of the termination of the Offering. Upon receipt of such written notification(s), the following procedures will take place:

  • Xxxx and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Employment and Termination Neither the Plan, this Agreement nor any related documents, communications or other material shall give Employee the right to continued employment by BellSouth or by any Subsidiary or shall adversely affect the right of any such company to terminate Employee's employment with or without cause at any time.

  • Duration and Termination of Agreement; Amendments (a) Subject to prior termination as provided in subparagraph (d) of this paragraph 9, this Agreement shall continue in force until July 31, 2001 and indefinitely thereafter, but only so long as the continuance after such period shall be specifically approved at least annually by vote of the Trust's Board of Trustees or by vote of a majority of the outstanding voting securities of the Portfolio.

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