Common use of Release and Waiver of Claims Against Seller Parties Clause in Contracts

Release and Waiver of Claims Against Seller Parties. (a) Buyer and each of its Affiliates hereby unconditionally and irrevocably releases, acquits and forever discharges Seller and its Affiliates, shareholders, officers, directors, employees, agents, representatives, successors and assigns (collectively, the "Seller Parties"), effective as of the -------------- date hereof, of and from, and hereby unconditionally and irrevocably waives, any and all claims, demands, debts, losses, costs, expenses, proceedings, judgments, damages, actions, causes of action, suits, contracts, agreements, obligations, accounts and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract or in tort, at law or in equity ("Claims"), that the Buyer or any of its Affiliates alone or with any other Person had, now has, or might hereafter have against the Seller Parties or any of them jointly and/or severally, for or by reason of any matter, circumstance, event, action, omission, cause or thing whatsoever occurring or existing on or before the date of this Second Amendment, arising under, relating to or in connection with the Amended Agreement (or any of the Exhibits or Schedules thereto) and which are set forth in Schedule 2.1 to this Second Amendment. -------- (b) Buyer hereby represents and warrants to Seller that, as of the date of this Second Amendment, to Buyer's knowledge, Buyer does not have any Claims against any Seller Party, other than as set forth in Schedule 2.1 to this -------- Second Amendment, which Claims have been released and waived pursuant to Section 2.1(a).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Atlantic City Electric Co), Purchase and Sale Agreement (Conectiv)

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Release and Waiver of Claims Against Seller Parties. (a) Buyer and each of its Affiliates hereby unconditionally and irrevocably releases, acquits and forever discharges Seller and its Affiliates, shareholders, officers, directors, employees, agents, representatives, successors and assigns (collectively, the "Seller Parties"), effective as of the -------------- date hereof, of and from, and hereby unconditionally and irrevocably waives, any and all claims, demands, debts, losses, costs, expenses, proceedings, judgments, damages, actions, causes of action, suits, contracts, agreements, obligations, accounts and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract or in tort, at law or in equity ("Claims"), that the Buyer or any of its Affiliates alone or with any other Person had, now has, or might hereafter have against the Seller Parties or any of them jointly and/or severally, for or by reason of any matter, circumstance, event, action, omission, cause or thing whatsoever occurring or existing on or before the date of this Second Amendment, arising under, relating to or in connection with the Amended Agreement (or any of the Exhibits or Schedules thereto) and which are set forth in Schedule 2.1 to this Second Amendment. -------- (b) Buyer hereby represents and warrants to Seller that, as of the date of this Second Amendment, to Buyer's knowledge, Buyer does not have any Claims against any Seller Party, other than as set forth in Schedule 2.1 to -------- this -------- Second Amendment, which Claims have been released and waived pursuant to Section 2.1(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Conectiv)

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Release and Waiver of Claims Against Seller Parties. (a) Buyer and each of its Affiliates hereby unconditionally and irrevocably releases, acquits and forever discharges Seller and its Affiliates, shareholders, officers, directors, employees, agents, representatives, successors and assigns (collectively, the "Seller Parties"), -------------- effective as of the -------------- date hereof, of and from, and hereby unconditionally and irrevocably waives, any and all claims, demands, debts, losses, costs, expenses, proceedings, judgments, damages, actions, causes of action, suits, contracts, agreements, obligations, accounts and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract or in tort, at law or in equity ("Claims"), that the Buyer or any of its Affiliates alone or with any other Person had, now has, or might hereafter have against the Seller Parties or any of them jointly and/or severally, for or by reason of any matter, circumstance, event, action, omission, cause or thing whatsoever occurring or existing on or before the date of this Second Amendment, arising under, relating to or in connection with the Amended Agreement (or any of the Exhibits or Schedules thereto) and which are set forth in Schedule 2.1 to this Second ------------ Amendment. -------- (b) Buyer hereby represents and warrants to Seller that, as of the date of this Second Amendment, to Buyer's knowledge, Buyer does not have any Claims against any Seller Party, other than as set forth in Schedule 2.1 to this -------- Second Amendment, which Claims have been released and waived pursuant to Section 2.1(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Atlantic City Electric Co)

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