Common use of Execution of Receipts and Releases Clause in Contracts

Execution of Receipts and Releases. Payment of cash or issuance or transfer of Units or other property to Participant, or to Participant’s legal representatives, heirs, legatees or distributees, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Partnership may require Participant or Participant’s legal representatives, heirs, legatees or distributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as the Partnership shall reasonably determine.

Appears in 12 contracts

Samples: Inducement Award Agreement (Evolve Transition Infrastructure LP), Award Agreement Relating to Restricted Units (Evolve Transition Infrastructure LP), Inducement Award Agreement (Evolve Transition Infrastructure LP)

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Execution of Receipts and Releases. Payment Any payment of cash or any issuance or transfer of Units or other property to Participant, or to Participant’s 's legal representatives, heirs, legatees or distributees, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Partnership may require Participant or Participant’s 's legal representatives, heirs, legatees or distributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as the Partnership it shall reasonably determine.

Appears in 2 contracts

Samples: Option Agreement (Abraxas Energy Partners LP), Long Term Incentive Plan (Legacy Reserves L P)

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Execution of Receipts and Releases. Payment Any payment of cash or any issuance or transfer of Restricted Units or other property to Participant, or to Participant’s 's legal representatives, heirs, legatees or distributees, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Partnership may require Participant or Participant’s 's legal representatives, heirs, legatees or distributees, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as the Partnership it shall reasonably determine.

Appears in 1 contract

Samples: Restricted Unit Grant Agreement (Abraxas Energy Partners LP)

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