Common use of Acceptance and Release Clause in Contracts

Acceptance and Release. The Administrative Agent, on behalf of itself and the Lenders, hereby accepts the assumption by the Subsidiary Borrower provided for in Section 1 above and hereby releases ADI from liability as principal obligor for the payment of the Subsidiary Borrower Obligations under the Credit Agreement and the other Loan Documents. For the avoidance of doubt, the release of ADI pursuant to this Section 3 shall in no way affect the validity or enforceability of ADI’s Guaranty of the Guaranteed Obligations.

Acceptance and Release. The Administrative Agent, on behalf of itself and the Lenders, hereby accepts the assumption by the Subsidiary Borrower provided for in Section 1 above and hereby releases ADI from all liability as principal obligor for the payment of the Subsidiary Borrower Obligations under the Credit Agreement and the other Loan Documents. For the avoidance of doubt, the release of ADI pursuant to this Section 3 2 shall in no way affect the validity or enforceability of ADI’s Guaranty Guarantee of the Guaranteed ObligationsObligations pursuant to the Guaranty.