Purchaser Parties Release Sample Clauses

Purchaser Parties Release. Effective as of the Closing, except for fraud, each of Parent and Partnership, for themselves and any of their respective successors and assigns and their Affiliates (including, after the EOP Contribution and the EOC Contribution, the Acquired Companies), hereby irrevocably and absolutely waives its right to recover from, and forever releases and discharges, and covenants not to file or otherwise pursue any legal action against, Members with respect to any and all Released Claims that may arise on account of or in any way be connected with Acquired Company, any EOP Units, the EOC Units or any portion thereof, or any Law applicable thereto, whether before or after the date of this Agreement; provided, however, that in no event shall the foregoing release apply with respect to any obligations of Members set forth in this Agreement (including the indemnification obligations set forth in Article 12), any of the Related Agreements or any of the Other Transaction Agreements or the transactions contemplated thereby, subject to the limitations and conditions provided in this Agreement. EACH OF PARENT AND PARTNERSHIP FURTHER ACKNOWLEDGES THAT IT IS AWARE THAT STATUTES EXIST THAT RENDER NULL AND VOID RELEASES AND DISCHARGES OF ANY CLAIMS, RIGHTS, DEMANDS, LIABILITIES, ACTIONS OR CAUSES OF ACTIONS THAT ARE UNKNOWN TO THE RELEASING OR DISCHARGING PARTY AT THE TIME OF EXECUTION OF THE RELEASE AND DISCHARGE. EACH OF PARENT AND PARTNERSHIP HEREBY EXPRESSLY AND VOLUNTARILY WAIVES, SURRENDERS AND AGREES TO FOREGO ANY PROTECTION TO WHICH IT WOULD OTHERWISE BE ENTITLED BY VIRTUE OF THE EXISTENCE OF ANY SUCH STATUTE IN ANY JURISDICTION.