Final Discharge Clause Samples
The Final Discharge clause serves to formally release one or both parties from any further obligations or liabilities under the contract once all agreed terms have been fulfilled. In practice, this clause typically comes into effect after the completion of all contractual duties, such as payment, delivery of goods or services, or the resolution of any outstanding claims. Its core function is to provide legal certainty and closure, ensuring that neither party can make additional claims related to the contract after discharge, thereby preventing future disputes.
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Final Discharge. The Parties declare they have discussed all topics relevant to them in relation to the employment agreement and the termination thereof and the Parties have included these topics in this agreement insofar as there was reason to do so. Subject to the provisions of this agreement, the Parties will grant each other full and final discharge (finale kwijting) with respect to anything that may arise in connection with the employment agreement and the termination thereof.
Final Discharge. The parties reciprocally declare to no longer have anything to claim from each other other than established in this agreement. With due observance of the above, the parties hereby already grant each other, as the occasion arises, full and final discharge in respect of the obligations that derive from the employment agreement and the termination of the same, barring the obligations that derive from the arrangements established in this agreement.
Final Discharge. Subject to any release of all or any part of the security interest created hereunder pursuant to and in accordance with Clause 10 (Release of Relevant Security) hereof, the Pledge shall remain in full force and effect until the expiry of the Security Period. The Pledge shall not cease to exist if any payments made in satisfaction of the Secured Obligations have only temporarily discharged the Secured Obligations.
Final Discharge. Notwithstanding any provision herein to the contrary, the payment of any amount or provision of any benefit pursuant to this Section 7 other than the Accrued Obligations (collectively, the “Severance Benefits”) shall be conditioned upon and be payable within a reasonable time after the Executive’s execution, delivery to TPE, and non-revocation of a statement of full and final discharge of any claims Executive has or may have pursuant to the employment hereunder and/or the termination of such employment (the “Release of Claims”) within sixty (60) days following the Termination Date. If the Executive fails to execute the Release of Claims within sixty (60) days following the Termination Date, the Executive shall not be entitled to any of the Severance Benefits. For the avoidance of doubt, in the event of a termination by reason of the Executive’s Death or Disability, the Executive’s obligations herein to execute the Release of Claims may be satisfied on his behalf by his estate or a person having legal power of attorney over his affairs.
Final Discharge. (a) The Secured Party is not obliged to discharge the security interest under clause 4.1 if, at the time of the request under clause 4.1, the Secured Party is of the reasonable opinion that:
(i) an Obligor owes further Secured Moneys contingently or otherwise to the Secured Party; or
(ii) an Obligor will owe further Secured Moneys to the Secured Party within a reasonable period of time after the date of the request under clause 4.1.
(b) Clause 4.1 overrides the operation and effect of any other clause to the contrary in this Deed.
(c) The parties intend that clause 4.2(a)(ii) be severed from this Deed if clause 4.2(a)(ii) is void or unenforceable under applicable law.
(d) The parties do not intend clause 4.2(c) to exclude the general law of severance from applying to this Deed.
Final Discharge. Except where it concerns compliance with this transition agreement, the Parties hereby grant each other full and final discharge in relation to the employment agreement and termination of the employment agreement. This final discharge granted by the Employee also relates to any claims concerning legal entities affiliated with the Employer.
Final Discharge. Fee: The Borrower will pay the Lender its solicitor's reasonable legal fees in respect of the preparation of the final discharge of this mortgage.
Final Discharge. (a) The Secured Party is not obliged to discharge the Mortgage under clause 3.1 if, at the time the requirements of clause 3.1 are satisfied, the Secured Party is of the opinion (acting reasonably) that the Grantor or any other Transaction Party owes further Secured Moneys contingently or otherwise to the Secured Party.
(b) Clause 3.2(a) overrides any other clause to the contrary in this deed.
Final Discharge. Upon proof being given to the satisfaction of the Trustee that:
(a) all of the principal of and interest, if any, on the Notes have been paid and satisfied in full; and
(b) all other amounts owing under this Indenture and the GBG GSA have been paid and satisfied in full, the Trustee shall, at the request and at the expense of GBG, execute and deliver to GBG such deeds or other instruments as shall be requisite to evidence the satisfaction and discharge of the GBG Security Interests and to release or reconvey to GBG all GBG Charged Property freed and discharged from the GBG Security Interests.
Final Discharge.
(a) The State is not obliged to discharge the Security under Clause 3.1 if, at the time the requirements of Clause 3.1 are satisfied, the State is of the opinion that:
(i) any Grantor owes further Secured Moneys contingently or otherwise to the State; or
(ii) any Grantor will owe further Secured Moneys to the State within a reasonable time after the date any Grantor requests the discharge of the Security.
(b) Clause 3.2
(a) overrides any other Clause to the contrary in this document.
(c) The parties intend that Clause 3.2(a)(ii) be severed from Clause 3.2(a) if Clause 3.2(a)(ii) is void or unenforceable under applicable Law.
(d) The parties do not intend Clause 3.2(c) to exclude the general law of severance from applying to this document.