Common use of ATS Release Clause in Contracts

ATS Release. Except as provided in Section 8.1(d), effective as of the Separation Time, ATS does hereby, for itself and as agent for each member of the ATS Group, remise, release and forever discharge the Photowatt Indemnified Persons from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), 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 Time, including in connection with the transactions and all other activities to implement any of the Offering or the transactions contemplated in this Agreement or any of the Separation Agreements.