Common use of ADAPTEC RELEASE Clause in Contracts

ADAPTEC RELEASE. Except as provided in SECTION 1.1(c) to this Agreement, effective as of the Separation Date, Adaptec does hereby, for itself and as agent for each member of the Adaptec Group, remise, release and forever discharge the Roxio Indemnitees from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Separation Date, including in connection with the transactions and all other activities to implement any of the Separation and the Distribution.

ADAPTEC RELEASE. Except as provided in SECTION 1.1(c) to this Agreement, effective as of the Separation Date, Adaptec does hereby, for itself and as agent for each member of the Adaptec Group, remise, release and forever discharge the Roxio Indemnitees from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Separation Date, including in connection with the transactions and all other activities to implement any of the Separation Separation, the IPO and the Distribution.