Common use of No Legal Proceedings as to Released Pre-Effective Time Claims Clause in Contracts

No Legal Proceedings as to Released Pre-Effective Time Claims. Following the Effective Time, no Party hereto shall make any claim or demand, or commence any Legal Proceeding asserting any claim or demand, including any claim of contribution or any indemnification, against any member of the Group of the other Party or any other Person released pursuant to Section 5.1(a) or Section 5.1(b) with respect to any Liabilities released hereunder.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (BBX Capital Corp), Separation and Distribution Agreement (BBX Capital Florida LLC), Separation and Distribution Agreement (BBX Capital Florida LLC)

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No Legal Proceedings as to Released Pre-Effective Time Claims. Following the Effective Time, no Party hereto shall make or permit any other member of its Group to make, any claim or demand, or commence any Legal Proceeding asserting any claim or demand, including any claim of contribution or any indemnification, against any member of the Group of the other Party Party, or any other Person released pursuant to Section 5.1(a) or Section 5.1(b) ), with respect to any Liabilities released hereunderpursuant to Section 5.1(a), or any other Person released pursuant to Section 5.1(b), with respect to any Liabilities released pursuant to Section 5.1(b).

Appears in 2 contracts

Samples: Separation and Distribution Agreement (BBX Capital Florida LLC), Separation and Distribution Agreement (BBX Capital Florida LLC)

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