Common use of Acknowledgement and Release Clause in Contracts

Acknowledgement and Release. In order to induce the Bank to enter into this Amendment, the Borrowers: (a) represent and warrant to the Bank that no events have taken place and no circumstances exist at the date hereof which would give the Borrowers the right to assert a defense, offset or counterclaim to any claim by the Bank for payment of the Obligations; and (b) hereby release and forever discharge the Bank and its successors, assigns, directors, officers, agents, employees and participants from any and all actions, causes of action, suits, proceedings, debts, sums of money, covenants, contracts, controversies, claims and demands, at law or in equity, which the Borrowers ever had or now have against the Bank or its successors, assigns, directors, officers, agents, employees or participants by virtue of their relationship to the Borrowers in connection with the Loan Documents and the transactions related thereto.

Acknowledgement and Release. In order to induce the Bank to enter into this Amendment, the BorrowersBorrower: (a) represent represents and warrant warrants to the Bank that no events have taken place and no circumstances exist at the date hereof which would give the Borrowers Borrower the right to assert a defense, offset or counterclaim to any claim by the Bank for payment of the Obligations; and (b) hereby release releases and forever discharge discharges the Bank and its successors, assigns, directors, officers, agents, employees and participants from any and all actions, causes of action, suits, proceedings, debts, sums of money, covenants, contracts, controversies, claims and demands, at law or in equity, which the Borrowers Borrower ever had or now have has against the Bank or its successors, assigns, directors, officers, agents, employees or participants by virtue of their relationship to the Borrowers Borrower in connection with the Loan Documents and the transactions related thereto.

Acknowledgement and Release. In order to induce the Bank to enter into this Amendment, the Borrowers: (a) represent and warrant to the Bank that no events have taken place and no circumstances exist at the date hereof which would give the Borrowers the right to assert a defense, offset or counterclaim to any claim by the Bank for payment of the Obligations; and (b) hereby release releases and forever discharge discharges the Bank and its successors, assigns, directors, officers, agents, employees and participants from any and all actions, causes of action, suits, proceedings, debts, sums of money, covenants, contracts, controversies, claims and demands, at law or in equity, which the Borrowers Borrower ever had or now have has against the Bank or its successors, assigns, directors, officers, agents, employees or participants by virtue of their relationship to the Borrowers Borrower in connection with the Loan Documents and the transactions related thereto.