Common use of Release from Duties Clause in Contracts

Release from Duties. In consideration of the assumption by --------------------- Energizer, from and after the Effective Date, the Bank confirms that ▇▇▇▇▇▇▇ shall be discharged from all of its duties and obligations as Borrower under the Bridge Agreement and the other documents, instruments and agreements entered into in connection therewith and that from and after the Effective Date, ▇▇▇▇▇▇▇ shall have no further obligations or liabilities thereunder to the Bank.

Appears in 2 contracts

Sources: Debt Assignment, Assumption and Release Agreement (Ralston Purina Co), Debt Assignment, Assumption and Release Agreement (Energizer Holdings Inc)