Common use of Certain Claims Clause in Contracts

Certain Claims. As additional consideration for the issuance of Parent Common Stock pursuant to this Agreement, each of the Members hereby releases and forever discharges, effective as of the Closing Date, the Company and its directors, officers, employees and agents, from any and all rights, claims, demands, judgments, obligations, liabilities and damages, whether accrued or unaccrued, asserted or unasserted, and whether known or unknown arising out of or resulting from such Member’s (i) status as a holder of an equity interest in the Company; and (ii) employment, service, consulting or other similar agreement entered into with the Company prior to Closing, to the extent that the bases for claims under any such agreement that survives the Closing arise prior to the Closing, provided, however, the foregoing shall not release any obligations of Key or the Parent set forth in this Agreement or the Escrow Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Key Hospitality Acquisition CORP)

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Certain Claims. As additional consideration for the issuance of Parent Common Stock pursuant to this Agreement, each of the Members Stockholders hereby releases and forever discharges, effective as of the Closing Date, the Company and its directors, officers, employees and agents, from any and all rights, claims, demands, judgments, obligations, liabilities and damages, whether accrued or unaccrued, asserted or unasserted, and whether known or unknown arising out of or resulting from such Member’s Stockholder's (i) status as a holder of an equity interest in the Company; and (ii) employment, service, consulting or other similar agreement entered into with the Company prior to Closing, to the extent that the bases for claims under any such agreement that survives the Closing arise prior to the Closing, provided, however, the foregoing shall not release any obligations of Key or the Parent set forth in this Agreement or the Escrow Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cea Acquisition Corp)

Certain Claims. As additional consideration for the issuance of Parent Common Stock pursuant to this Agreement, each of the Members hereby releases and forever discharges, effective as of the Closing Date, the Company and its directors, officers, employees and agents, from any and all rights, claims, demands, judgments, obligations, liabilities and damages, whether accrued or unaccrued, asserted or unasserted, and whether known or unknown arising out of or resulting from such Member’s (i) status as a holder of an equity interest in the Company; and (ii) employment, service, consulting or other similar agreement entered into with the Company prior to Closing, to the extent that the bases for claims under any such agreement that survives the Closing arise prior to the Closing, provided, however, the foregoing shall not release any obligations of Key or the Parent set forth in this Agreement or the Escrow Agreement.

Appears in 1 contract

Samples: Merger Agreement (Key Hospitality Acquisition CORP)

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Certain Claims. As additional consideration for the issuance of Parent Common Stock pursuant to this Agreement, each of the Members Stockholders hereby releases and forever discharges, effective as of the Closing Date, the Company and its directors, officers, employees and agents, from any and all rights, claims, demands, judgments, obligations, liabilities and damages, whether accrued or unaccrued, asserted or unasserted, and whether known or unknown arising out of or resulting from such Member’s Stockholder's (i) status as a holder of an equity interest in the Company; and (ii) employment, service, consulting or other similar agreement entered into with the Company prior to Closing, to the extent that the bases for claims under any such agreement that survives the Closing arise prior to the Closing, provided, however, the foregoing shall not release any obligations of Key or the Parent set forth in this Agreement or the Escrow Agreement.

Appears in 1 contract

Samples: Merger Agreement (Tremisis Energy Acquisition Corp)

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