Release by Lessor Clause Samples

Release by Lessor. Subject to Lessee's full and timely compliance ----------------- with all of the terms and conditions of this Agreement, including, without limitation, the truthfulness and accuracy of Lessee's representations hereunder, Lessee's timely performance of all of Lessee's obligations under the Lease, and except for such obligations, rights or claims as may be created by or arise out of the terms and conditions of this Agreement, effective on the Termination Date, Lessor, on behalf of itself and its predecessors, successors, affiliates and assigns, and all other persons, firms and corporations claiming through Lessor and each of them (collectively, the "Releasing Parties"), do hereby release Lessee and its predecessors, successors, affiliates and assigns, and their respective partners, officers, shareholders, agents, contractors, representatives, employees and attorneys (collectively, the "Lessee Released Parties"), of and from any and all claims, demands, disputes, damages, liabilities, obligations, controversies, debts, costs, expenses, lawsuits, actions, causes of action and other rights to relief, both legal and equitable, of every kind and nature, whether now known or unknown, suspected or unsuspected, past or present, contingent or fixed (collectively, the "Claims"), which the Releasing Parties, or any of them, now have, had, or at any time hereafter may have, against the Lessee Released Parties, or any of them, arising out of or in connection with the payment of rental under the Lease.

Release by Lessor. Effective as of the Transfer Date, Lessor and Prior Lessor each shall and do hereby release and forever discharge DALS, its employees, agents and representatives, from any and all liabilities or obligations, of whatever kind or nature, known or unknown, that DALS or its agents, employees and representatives, has, had or may have to Lessor arising out of or based upon the Lease, or the use and occupancy of the Facility by DALS, except with respect to (i) any liabilities or obligations arising prior to the Transfer Date to the extent set forth in Section 2 and Section 4.2 of this Agreement; (ii) any breach of this Agreement by DALS; (iii) any future performance of DALS required by this Agreement; or (iv) any claim for indemnification pursuant to Section 4.2, below.

Release by Lessor. From and after the Effective Date, Lessor hereby forever fully, finally and completely releases, remises and discharges Existing Lessee and all present and former affiliates, subsidiaries, shareholders, officers, directors, employees, agents, contractors, attorneys, legal representatives, successors and assigns of Existing Lessee, of and from all, and all manner of actions and causes of action, suits, debts, penalties, obligations, promises, expenses (including attorney’s fees), bills, liens, liabilities, dues, accounts, covenants, agreements, judgments, claims and demands whatsoever related in any way to the Premises or the Lease, at law or in equity, or otherwise, to the extent the same arise, accrue or relate to the period from and after the Effective Date through the end of the term of the Lease. Lessor agrees that it shall have no recourse, claims or rights with respect to New Lessee for events or occurrences prior to the Effective Date.

Release by Lessor. Upon the transfer of all the Lessee’s interest in the Project, whether by termination of this Ground Lease or as otherwise allowed under the terms hereof or consented to by the Lessor, the Lessor agrees that the Lessee shall be released from all liability and obligations to the Lessor under this Ground Lease, or any other prior agreements between the Lessor and the Lessee, except for any obligations under this Ground Lease that expressly survive termination.

Release by Lessor. The Lessor hereby remises, releases and forever discharges the Assignor and it successors and assigns of and from all manner of action, causes of actions, suits, debts, dues, sums of money, contracts, agreements, promises, claims, and demands whatsoever in law or in equity, which the Lessor ever had or now has or which its successors and assigns hereafter can, shall, or may have against the Assignor upon or by reason of any matter, cause, or thing whatsoever arising with respect to the Lease.

Release by Lessor. Lessor hereby releases Lessee, and Lessee's descendants, dependents, heirs, executors, administrators, agents, servants, tenants, assigns, lenders and successors-in-interest (together with each of their respective shareholders, partners, directors, officers, employees, agents, representatives, successors, and assigns), from and against any and all claims, demands, obligations, causes of action, and liability arising out of, related to, or in any way connected with Hazardous Materials for which the Lessor is indemnifying Lessee hereunder. Lessor agrees never to commence, aide in any way or prosecute against Lessee, or any of his above-referenced successors or assigns, any action or other proceeding based upon any claims, demands, causes of action, obligations, damages, or liabilities covered by this release. Lessor further expressly waives any rights or benefits available to it with respect to this release under the provisions of Section 1542 of the California Civil Code, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor. Lessor has been apprised of and fully understands the statutory language of Section 1542 of the California Civil Code and, with this understanding, elects to and does assume all risk for claims, known or unknown, covered by this release.