Common use of Release by Holder Clause in Contracts

Release by Holder. In consideration of the foregoing, the Holder releases and discharges Company, Company’s officers, directors, principals, control persons, past and present employees, insurers, successors, and assigns (“Company Parties”) from all actions, cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, which against Company Parties ever had, now have or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or not known or unknown, arising under the Debt. It being understood that this Section 7 shall be limited in all respects to only matters arising under or related to the Debt and shall under no circumstances constitute a release, waiver or discharge with respect to the Shares or any Exchange Documents or limit the Holder from taking action for matters with respect to the Shares or any Exchange Document or events that may arise in the future.

Appears in 1 contract

Samples: Exchange Agreement (RetinalGenix Technologies Inc.)

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Release by Holder. In consideration of the foregoing, the Holder releases and discharges Company, Company’s officers, directors, principals, control persons, past and present employees, insurers, successors, and assigns (“Company Parties”) from all actions, cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, which against Company Parties ever had, now have or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or not known or unknown, arising under the DebtExchange Securities. It being understood that this Section 7 shall be limited in all respects to only matters arising under or related to the Debt Exchange Securities and shall under no circumstances constitute a release, waiver or discharge with respect to the Series Z Exchange Shares or any Exchange Documents or limit the Holder from taking action for matters with respect to the Series Z Exchange Shares or any Exchange Document or events that may arise in the future.

Appears in 1 contract

Samples: Exchange Agreement (MassRoots, Inc.)

Release by Holder. In consideration of the foregoing, the Holder releases and discharges Company, Company’s officers, directors, principals, control persons, past and present employees, insurers, successors, and assigns (“Company Parties”) from all actions, cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, which against Company Parties ever had, now have or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or not known or unknown, arising under the DebtExchange Securities. It being understood that this Section 7 shall be limited in all respects to only matters arising under or related to the Debt Exchange Securities and shall under no circumstances constitute a release, waiver or discharge with respect to the Shares Series Y or any Exchange Documents or limit the Holder from taking action for matters with respect to the Shares Series Y or any Exchange Document or events that may arise in the future.

Appears in 1 contract

Samples: Exchange Agreement (MassRoots, Inc.)

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Release by Holder. In consideration of the foregoing, the Holder releases and discharges Company, Company’s officers, directors, principals, control persons, past and present employees, insurers, successors, and assigns (“Company Parties”) from all actions, cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, which against Company Parties ever had, now have or hereafter can, shall or may, have for, upon, or by reason of any matter, cause or thing whatsoever, whether or not known or unknown, arising under the DebtExchange Securities. It being understood that this Section 7 shall be limited in all respects to only matters arising under or related to the Debt Exchange Securities and shall under no circumstances constitute a release, waiver or discharge with respect to the Shares Pre-funded Warrants or any Exchange Documents or limit the Holder from taking action for matters with respect to the Shares Pre-funded Warrants or any Exchange Document or events that may arise in the future.

Appears in 1 contract

Samples: Exchange Agreement (RetinalGenix Technologies Inc.)

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