Common use of Release and Substitution Clause in Contracts

Release and Substitution. 7.1 It shall be a term of the Agreement that upon parting with its interest in the Site any party shall be released from all of its respective obligations, rights and duties under the terms of the Agreement insofar as they are referable to its ownership or relate to any such part of the Site (save in respect of any liability for any prior breach of the Agreement)

Appears in 2 contracts

Samples: Section 106 Agreement, Section 106 Agreement

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Release and Substitution. 7.1 It shall be a term of the Agreement that upon parting with its interest in the Site or part thereof any party shall be released from all of its respective obligations, rights and duties under the terms of the Agreement insofar as they are referable to its ownership or relate to any such part of the Site (save in respect of any liability for any prior breach of the Agreement)

Appears in 1 contract

Samples: Heads of Terms – Section 106 Agreement

Release and Substitution. 7.1 8.1 It shall be a term of the Agreement that upon parting with its interest in the Site or part thereof any party shall be released from all of its respective obligations, rights and duties under the terms of the Agreement insofar as they are referable to its ownership or relate to any such part of the Site (save in respect of any liability for any prior breach of the Agreement)

Appears in 1 contract

Samples: Section 106 Agreement

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Release and Substitution. 7.1 10.1 It shall be a term of the Agreement agreement that upon parting with its interest in the Site or part thereof any party shall be released from all of its respective obligations, rights and duties under the terms of the Agreement insofar as they are referable to its ownership or relate to any such part of the Site (save in respect of any liability for any prior breach of the Agreement)

Appears in 1 contract

Samples: Section 106 Agreement

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