Common use of No Release or Discharge Clause in Contracts

No Release or Discharge. Nothing set forth in this Agreement is intended to or shall act to nullify, discharge or release any obligation of any Borrower or to waive or release any collateral given to First Union, nor shall this Agreement be deemed or considered to operate as a novation of any of the Loan Documents or any obligation thereunder. Except to the extent of any express conflict with this Agreement, each and all of the terms and conditions of the Loan Documents shall remain in full force and effect. Nothing in this Agreement shall be construed to release or discharge the parties from any of their obligations to First Union arising out of the Loan Documents and the parties reaffirm their indebtedness to First Union under the Loan Documents.