Loan Number: 1019942
(b) Schedule I of the Credit Agreement shall be amended and restated, retroactively as of December 10, 2020, in its entirety as set forth on Schedule I attached hereto;
(c) without limiting the effect of, and without duplication of, clause (a) of this Section, all accrued and unpaid interest on the Total Reduction Amount shall be voided; and
(d) all the Term Notes issued prior to the date of this Amendment by Borrower and payable to any Lender are hereby deemed to be amended, retroactive to December 10, 2020, to reduce the principal amount of such Lenders Loans set forth therein to the corresponding amount set forth for such Lender on Schedule I attached hereto.
Section 2 Conditions Precedent. The effectiveness of this Amendment is subject to receipt by the Administrative Agent of each of the following, each in form and substance satisfactory to the Administrative Agent:
(a) a counterpart of this Amendment duly executed by the Borrower, the Administrative Agent and each of the Lenders; and
(b) a Guarantor Acknowledgement substantially in the form of Annex A attached hereto, executed by each Guarantor;
Section 3 Representations. Each Borrower represents and warrants to the Administrative Agent and the Lenders that, as of the date hereof, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing under the Credit Agreement.
Section 4 Release of Claims.
(a) Upon the effectiveness of the amendments set forth in Section 1 of this Amendment, each Borrower hereby releases Administrative Agent, Lenders, and their respective parent corporations, subsidiaries and affiliates, any holder of or participant in a Loan, and each of their respective present and former officers, directors, shareholders, representatives, consultants, attorneys, employees and agents thereof, and their respective heirs, personal representatives, successors and assigns (collectively, the Lender Released Parties), from any and all claims, liabilities, damages, actions and causes of action of every nature or character (collectively, the Claims), known or unknown, direct or indirect, at law or in equity, for or because of any matter or things done, omitted or suffered to be done by any of the Lender Released Parties prior to and including the date hereof, relating solely to the Disputed Interest.
(b) Upon the effectiveness of the amendments set forth in Section 1 of this Amendment, each of the Administrative Agent and each of the Lenders hereby releases the Borrower, Parent, and their respective subsidiaries and affiliates, and each of their respective present and former officers, directors, shareholders, representatives, consultants, attorneys, employees and agents thereof, and their respective heirs, personal representatives, successors and assigns (collectively, the PREIT Released Parties), from
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