No Release from Obligations Sample Clauses
The "No Release from Obligations" clause establishes that parties remain bound by their contractual duties even if certain events occur, such as a breach, waiver, or the exercise of specific rights. In practice, this means that a party cannot use the occurrence of a dispute, the granting of an extension, or the acceptance of late performance as grounds to be excused from fulfilling their remaining obligations under the agreement. The core function of this clause is to ensure that all parties continue to perform as required, preventing any party from claiming that their responsibilities have been nullified or diminished due to particular circumstances or actions.
No Release from Obligations. The obligations, covenants, agreements and duties of Guarantor under this Guaranty shall not be released or impaired in any manner whatsoever, without the written consent of Lender, on account of any or all of the following: (a) any assignment, endorsement or transfer, in whole or in part, of the Guaranteed Indebtedness, although made without notice to or the consent of Guarantor; (b) any waiver by Lender of the performance or observance by Borrower or Guarantor of any of the agreements, covenants, terms or conditions contained in any document evidencing, governing or securing the Guaranteed Indebtedness; (c) any extension of the time for payment or performance of all or any portion of the Guaranteed Indebtedness; (d) the renewal, rearrangement, modification or amendment (whether material or otherwise) of any duty, agreement or obligation of Borrower set forth in any document evidencing, governing or securing any of the Guaranteed Indebtedness; (e) the voluntary or involuntary liquidation, sale or other disposition of all or substantially all of the assets of Borrower or Guarantor; (f) any receivership, insolvency, bankruptcy, reorganization or other similar proceedings or lack of corporate power, affecting Borrower or Guarantor or any of the assets of Borrower or Guarantor; (g) any release, withdrawal, surrender, exchange, substitution, subordination or loss of any security or other guaranty at any time existing in connection with all or any portion of the Guaranteed Indebtedness, or the acceptance of additional or substitute property as security therefor; (h) the release or discharge of Borrower or any other obligor from the observance or performance of any agreement, covenant, term or condition contained in any document evidencing, governing or securing any of the Guaranteed Indebtedness; (i) any action which Lender may take or omit to take by virtue of any document evidencing, governing or securing any of the Guaranteed Indebtedness or through any course of dealing with Borrower; (j) the addition of a new guarantor or guarantors; (k) the operation of law or any other cause, whether similar or dissimilar to the foregoing; (l) any adjustment, indulgence, forbearance or compromise that may be granted or given by Lender to any party; (m) the failure by Lender to file or enforce a claim against the estate (either in administration, bankruptcy or other proceeding) of Borrower or any other person or entity; (n) if the recovery from Borrower or any other perso...
No Release from Obligations. Neither the Original Seller nor the Original Guarantor shall be released from performance of any of their respective obligations under the Agreement and/or the Guaranty, as applicable.
No Release from Obligations. Unless otherwise agreed to by the unanimous written consent of the Partners, no transfer of a Partner's Partnership Interest or any portion thereof shall release such Partner from liability for its obligations under this Partnership Agreement.
No Release from Obligations. Any termination of this Agreement shall not release any party from obligations that shall have accrued under this Agreement prior to termination. No termination shall release any party from liability to the other arising out of or in connection with a party's breach of, or failure to perform any covenant, agreement, duty or obligation contained herein.
No Release from Obligations. Nothing in this Agreement shall operate to relieve or release Emulex from all or any of its tenant responsibilities, obligations and duties arising under or incurred by the Lease, the Assignment, or the Parking Agreement with regard to Buildings A and B or to the Common Parking Area.
No Release from Obligations. The expiration or termination of this Agreement shall not release either Party from any liability, obligation or agreement, which, pursuant to any provision of this Agreement, is to survive or be performed after such expiration or termination.
No Release from Obligations. The return, destruction or deletion of the documents and other materials referred to in clause 10.1 (“Return of Confidential Information”) does not release the Recipient or its Representatives from their obligations under this deed poll.
No Release from Obligations. Notwithstanding the foregoing Paragraphs A and B, nothing herein shall release the parties from their obligations under this Agreement, that certain letter agreement dated as of the date hereof among ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Concord and WRI (the "Letter Agreement") or that certain restrictive covenants agreement dated as of the date hereof among WRI, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and Concord (the "Restrictive Covenants").
No Release from Obligations. Nothing contained in this assignment shall relieve the Assignor of any obligation under the Building Contract, and the Assignor shall remain liable to observe and perform all the covenants and conditions thereof on its part to be observed or performed under the Building Contract and the Assignee shall not by virtue of entering into this Assignment be under any duty to observe and perform such covenants or conditions or be liable for any failure to observe and perform the same unless the Assignee shall by mailing written notice to the Assignor and tle Builder avail itself of all the rights and benefits of the Assignor under the Building Contract by taking over the Vessel, but the foregoing exemption from duty and liability shall not extend to any person, firm or corporation which shall acquire the benefits of the Building Contract from the Assignee or from the Assignee’s assignees for the purpose of performing the samefor its own benefit or for the benefit of the Assignee under the Loan Agreement and/or the Master Agreements.
No Release from Obligations. In the event of assignment or sublease of this Agreement by ICMC, in whole or in part, ICMC shall not be relieved of its obligations with respect to the assigned or sublet portions arising after the date of assignment or sublease.