Common use of Deliveries to Vendor Clause in Contracts

Deliveries to Vendor. At or prior to the Time of Closing, the remaining Shareholder shall: (a) Deliver to the Vendor and its nominees, if any, a release by it, in its capacity as a Director, officer and Shareholder of the Corporation, of all of its claims against the Vendor and its nominees in its capacity as a Shareholder, Director or officer of the Corporation, except for any claims which may arise out of the Sale Transaction; and (b) Cause the Corporation to deliver to the Vendor and its nominees, if any, a release by the Corporation of all its claims against the Vendor and its nominees with respect to any matter or thing arising as a result of the Vendor or its nominees being a Shareholder, Director or officer of the Corporation, as the case may be, except for any claims which might arise out of the Sale Transactions.

Deliveries to Vendor. At or prior to the Time time of Closingclosing, the remaining Shareholder Purchaser shall: (a) Deliver to the Vendor and his/its nominees, if any, a release by ithim, in its his capacity as a Director, officer and Shareholder of the Corporation, of all of its his claims against the Vendor and its his nominees in its his capacity as a Shareholder, Director Director, or officer of the Corporation, except for any claims which may arise out of the Sale Transaction; and (b) Cause the Corporation to deliver to the Vendor and its his nominees, if any, a release by the Corporation of all its claims against the Vendor and its his nominees with respect to any matter or thing arising as a result of the Vendor or its his nominees being a Shareholder, Director Director, or officer of the Corporation, as the case may be, except for any claims which might arise out of the Sale TransactionsTransaction.