Release by Purchaser Parties. 2.1 Each of the Purchaser Parties, including the Company, for itself and on behalf of each direct and indirect subsidiary of the Company (the “Subsidiaries”), for and on behalf of itself and those claiming by, through or under it (collectively, the “Purchaser Releasors”), does hereby unconditionally and fully release and forever discharge the Seller and their respective affiliates, subsidiaries, parents, direct or indirect owners, managers, officers, appointees to the executive committee of the Company, shareholders, directors, employees, agents and representatives, past, present, and future, and their respective heirs, successors and assigns (collectively, the “Seller Released Parties”) from any and all past, present and future claims, cross claims, counterclaims, controversies, disputes, liabilities, obligations, demands, damages, debts, liens, actions and causes of action, of any and every nature whatsoever, whether known or unknown, suspected or unsuspected, contingent or matured, accrued or unaccrued, concealed, hidden, latent or patent, direct or indirect, whether at law, by statute or in equity, in contract or in tort, under state or federal jurisdiction (including, without limitation, to the extent arising under any law, rule, regulation or common-law doctrine of the State of New York or any other federal or state jurisdiction), and whether or not the economic effects of such alleged matters arise or are discovered in the future (all of the foregoing are herein collectively referred to as the “Purchaser Claims”), that each of the Purchaser Releasors has, had, or may have (or claim to have) against any of the Seller Released Parties, singly or in any combination, on account of, arising out of, or resulting from or in any manner incidental or related to or with respect to (a) the Company and any Subsidiaries, the Facilities, management of the Facilities, and/or pursuant to the Operating Agreement or any other document, instrument or agreement between or among any one or more of the Seller Released Parties and the Purchaser Released Parties, and related to the foregoing, (b) any act or omissions of each Seller in its capacity as a member or managing member of the Company, (c) any act or omission of any appointee of Seller to the executive committee of the Company or as an officer in connection with the Company, and (d) any obligation or duty under the Act related to the Company, in each case that arose or accrued during, or otherwise relate to, the pe...
Release by Purchaser Parties. 2.1 Releases. As consideration for the transactions contemplated by this Release and the Exchange Agreement:
Release by Purchaser Parties. Effective on ---------------------------- and as of the date hereof, the Purchaser, for itself and its Subsidiaries (collectively, the "Purchaser Parties"), hereby releases and forever discharges each of the Company Parties and each past, present or future principal, partner, stockholder, officer, director, nominee, beneficiary, attorney-in-fact, agent, employee or other representative of the Company Parties (collectively, the "Company Released Parties") from any and all Claims which any of Purchaser Parties or their respective affiliates, heirs, executors, legal representatives, administrators, successors and assigns, ever had or now have or may in the future have against the Company Released Parties, jointly or severally, at any time prior to and including the date hereof, for or by reason of any matter, cause, or thing done, admitted to, or suffered to be done by the Company Parties, jointly or severally, at any time prior to the date hereof, including, without limitation, Claims with respect to any of the Disputed Matters and the ANMR/GE Agreements (collectively, the "Company Released Claims"); provided that the Released Claims shall not include Claims -------- with respect to any of the rights of the Purchaser Parties and the duties and obligations of the Company Released Parties owed to the Purchaser Parties pursuant to the Transaction Documents. The foregoing release shall include, without limitation, to the extent allowed by applicable law, such claims or defenses as fraud, mistake (mutual or unilateral), duress, overreaching, failure to disclose, interference with business management or relationship, tortious interference with corporate or partnership governance or prospective business advantage or contract, breach of contract, injury to any person or entity of whatever nature, libel or slander (without admitting or implying that any such claim exists or has validity). SECTION 3.
Release by Purchaser Parties. Except for the obligations of the parties set forth in the Agreement, the Purchaser and Tradition, N.A., MaxQ Investments LLC, Emil Assentato, and Joseph Botkier, (collectively with each Purxxxxxx, xxx "Purchasxx Xxrties"), for themselves and their respective, heirs, executors, personal representatives, successors and assigns, do hereby release, quitclaim and forever discharge each of the Seller Parties and any of their respective successors, and/or assigns and any and all other persons, firms, partnerships and corporations which are or might be claimed to be liable, and their respective current, future and former heirs, executors, personal representatives successors and assigns, of and from any and all debts, claims, counterclaims, rights, demands, costs, damages, losses, liabilities, actions and causes of action, including attorneys' fees and court costs, of every nature and description, whether known or unknown, suspected or unsuspected, foreseen or unforeseen, real or imaginary, actual or potential, and whether arising at law or in equity, under the common law, state law, federal law, or any other law, or otherwise, arising out of or relating to any events, occurrences or circumstances existing on or before the Closing Date, it being the Purchaser Parties' intention to effect a general release of all such claims. Excepted from the foregoing release are all continuing obligations arising by virtue of the Purchase Agreement after the Closing Date.
Release by Purchaser Parties
