Common use of COVENANT TO RELEASE Clause in Contracts

COVENANT TO RELEASE. On or, as soon as practicable, after the Discharge Date, the Security Agent acting on behalf of the Assignees shall, at the cost of the Assignor, execute and do all such deeds, acts and things as may be necessary to release and discharge the Assignor from their liabilities hereunder, and in particular hand over all existing Assignment Forms to the Assignor.