Common use of Acknowledgement and Release Clause in Contracts

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