Ironshore. For and in consideration of Ironshore’s payment towards the Settlement Amount, the agreements and covenants contained in this Agreement, and for other good and valuable consideration, the adequacy of which is expressly acknowledged, upon the Effective Date, except as otherwise provided for herein, (i) the Liquidating Trust, on behalf of itself and, to the fullest extent legally permissible, the Liquidating Trust Released Parties and the ShengdaTech Released Parties; (ii) the Mxxxxx Trust on behalf of the Mxxxxx Trust Released Parties; (iii) the Oaktree Plaintiffs on behalf of the Oaktree Released Parties; and (iv) Federal on behalf of the Federal Released Parties, each on behalf of itself and to the fullest extent legally permissible, fully and forever release and discharge the Ironshore Released Parties from any and all actual or potential Claims, actions, causes of action, suits, claims for sums of money, contracts, controversies, agreements, costs, attorneys’ fees, expenses, damages, judgments and demands whatsoever in law or in equity, known or unknown, now existing or hereafter arising, whether contractual, extra-contractual, in tort or otherwise, which the Liquidating Trust Released Parties, the ShengdaTech Released Parties, the Mxxxxx Trust Released Parties, the Oaktree Released Parties, and the Federal Released Parties had, have, or may have in the future against the Ironshore Released Parties with respect to the Claims; any of the allegations alleged or that could have been alleged in the Claims; the Ironshore Policy; ShengdaTech, the Liquidating Trust; and any loss incurred in connection with the Claims, including but not limited to any action, proceeding or claim arising from any investigation, evaluation or handling of the Claims or alleging any “bad faith” or breach of any promise, oral or written, or breach of any duty grounded in law or in contract relating thereto. Furthermore, in exchange for Ironshore’s payment towards the Settlement Amount and disbursement of the monies as set forth in paragraph 2 of this Agreement, upon the Effective Date, each of the Releasors set forth in this paragraph 5.b will be deemed to have waived any Claim or Insured Claim or claim for insurance coverage under the Ironshore Policy, except as otherwise provided for herein. Each of the Parties recognizes and acknowledges that on the Effective Date, neither Ironshore nor any of the Ironshore Released Parties will have any further obligations to any of the other Pa...
