Release of obligations clause samples

2.2Release of obligations. The Security Trustee hereby unconditionally and irrevocably releases the Borrower, the Owner and the Approved Manager from all their respective obligations and liabilities under the Loan Agreement and the Released Finance Documents which documents shall cease to have effect.

5. Release of Obligations. Landlord and Tenant hereby release each other, after the later of the Lease Termination Date or the date on which Tenant actually vacates the Premises (the "Vacate Date"), from (i) any and all obligations to observe the terms and conditions of the Lease which accrue after such date and (ii) any and all demands, rights, claims, remedies, actions, causes of actions or liabilities that Landlord and Tenant may have against the other or against any of their representatives, heirs, predecessors, successors, assigns, officers, directors, partners, agents, managing agents, legal representatives or employees of the others, except as follows: (a)Tenant shall remain obligated for the payment of any and all of its obligations under the Lease which have accrued as of the later of the Vacate Date or the Lease Termination Date, as the case may be, whether or not Tenant has been billed for such obligations prior to such date (including, but not limited to, the Lease Termination Fee), (b)if Tenant does not vacate the Premises on or before the Lease Termination Date or Tenant does not otherwise comply with any of its obligations under this Termination Agreement, Tenant's failure to vacate the Premises on the Lease Termination Date or Tenant's failure to otherwise comply with its obligations hereunder shall be deemed to be a Default under the Lease, and Landlord shall have the right and option to exercise all remedies available to Landlord under the Lease, and pursuant to Law, and Landlord shall be entitled to consider Tenant to be in holdover of the Premises, and (c) Landlord and Tenant shall remain liable for all amounts which become due as a result of their respective indemnification obligations under the Lease that arise from conduct occurring during the Term. Notwithstanding the foregoing, this mutual release shall not apply to any claims related to the presence, release, storage or use of any Hazardous Materials (as such term is used in the Lease) on the Premises by Tenant prior to the Lease Termination Date.

Section 5.11.No Release of Obligations.Neither the Mortgagor, any Guarantor nor any other person hereafter obligated for payment of all or any part of the Secured Obligations shall be relieved of such obligation by reason of: (a) the failure of the Trustee to comply with any request of the Mortgagor, or any Guarantor or any other Person so obligated to foreclose the Lien of this Mortgage or to enforce any provision hereunder or under the Credit Agreement; (b) the release, regardless of consideration, of the Mortgaged Property or any portion thereof or interest therein or the addition of any other property to the Mortgaged Property; (c) any agreement or stipulation between any subsequent owner of the Mortgaged Property and the Mortgagee extending, renewing, rearranging or in any other way modifying the terms of this Mortgage without first having obtained the consent of, given notice to or paid any consideration to the Mortgagor, any Guarantor or such other Person, and in such event the Mortgagor, Guarantor and all such other Persons shall continue to be liable to make payment according to the terms of any such extension or modification agreement unless expressly released and discharged in writing by the Mortgagee; or (d) by any other act or occurrence save and except if the Secured Obligations are paid as provided in Section 12.18(a) of the Credit Agreement.

12. No Release of Obligations. Nothing contained herein shall in any way release Borrower of its obligations to make all payments under the Loan Agreement, as amended hereby, or the Line of Credit Note. This Amendment does not constitute the creation of a new debt or extinguishment of the debt evidenced by the Line of Credit Note, nor shall it be deemed or construed to be a satisfaction, reinstatement, novation or release of the Line of Credit Note.

16.4 Release of Obligations.Tenant shall not be released from any of its obligations under this Lease except to the extent and upon the conditions expressly stated in this Section16.

11.12Release of Obligations. If and to the extern that any Member Transferring its/his Units under this ARTICLE XI has previously executed or otherwise provided to any third party any guaranty, surety, indemnity, bond or other similar support obligation for the benefit of the Company or any subsidiary thereof, the Company and the Person to whom such Units are being Transferred shall use commercially reasonable efforts to cause such guaranty, surety, indemnity bond or other similar support to be discharged and terminated at the effective time of such Transfer, which efforts shall include, if required by the applicable third party, the assumption by the Person to whom such Units are being Transferred of such guaranty, surety, indemnity, bond or other support obligation.