Discharge of Lender's Obligations

Example Definitions of "Discharge of Lender's Obligations"
Discharge of Lender's Obligations. Each Borrower and the Guarantor, individually, hereby: (i) agrees that its respective interests under the Transaction Documents shall and hereby do terminate; (ii) cancels and discharges any and all of the Lender's obligations and liabilities owed to it under the Transaction Documents, including but not limited to the Commitments; provided, however, that each of the Borrowers and the Guarantor acknowledges and agrees that in accordance with Section 12.05 of the Credit Agreement, the provisions... of Sections 5.09, 5.10 and 12.03 and Article XI of the Credit Agreement shall survive and remain in full force and effect notwithstanding the termination of the Credit Agreement and the other Transaction Documents. View More
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