Common use of Predecessor and Successor Releases Clause in Contracts

Predecessor and Successor Releases. All releases granted herein to predecessors or inuring to the benefit of successors or assigns (including by merger or other operation of law), whether through the definition of "Releasee" or otherwise, shall not extend to Claims or Liabilities based on acts or omissions of the predecessor, successor or assign that were committed independently, or in concert with others, by that person or entity at a time when that person or entity did not qualify as one of the Settling Claimants, the El Paso Settling Parties, or their respective Affiliates and Subsidiaries.

Predecessor and Successor Releases. All releases granted herein to predecessors or inuring to the benefit of successors or assigns (including by merger or other operation of law), whether through the definition of "“Releasee" ” or otherwise, shall not extend to Claims or Liabilities based on acts or omissions of the predecessor, successor or assign that were committed independently, or in concert with others, by that person or entity at a time when that person or entity did not qualify as one of the Settling Claimants, the El Paso Settling Parties, or their respective Affiliates and Subsidiaries.