Release by the Parties. Effective as of the Commutation Date, but subject to the receipt in full by Cedent of the Settlement Amount, the Parties hereby release and discharge each other, their respective predecessors, parents, affiliates, agents, officers, directors and shareholders and assigns from any and all and present and future payment obligations, adjustments, executions, offsets, actions, causes of action, suits, debts, sums of money, accounts, reckonings, bonds, bills, covenants, contracts, controversies, agreements, promises, damages, judgments, claims, demands, liabilities and/or losses whatsoever, whether known or unknown, which they, and their respective successors and assigns ever had, now have, or hereafter may have, whether grounded in law or equity, in contract or in tort, against the other Party by reason of any matter whatsoever arising out of the Reinsurance Agreement, it being the intention of the Parties that this release operate as a full and final settlement of each of the current and future liabilities of the Parties to each other under the Reinsurance Agreement.
Release by the Parties. Each of the Parties on behalf of itself and each of its representatives, affiliates, partners, subsidiaries, successors and assigns hereby releases and forever discharges the other Parties and each of its representatives, affiliates, partners, subsidiaries, successors durante cada período de Línea de Producción Aplicable (según se define en el Contrato de Regalías), (i) 1.2% de los Ingresos Netos por Ventas de Vagones de FCA (según se define en el Contrato de Regalías) y (ii) 1.5% de los Ingresos Netos por Ventas de Vagones Cisterna de FCA (según se define en el Contrato de Regalías), sujeto a los términos y condiciones establecidos en el Contrato de Regalías (la “Regalía”).
Release by the Parties. Subject to the obligations in, and in consideration of the terms of, this Agreement, the Parties, for themselves and their heirs, legatees, successors, and assigns, do hereby irrevocably and unconditionally release, acquit, and forever discharge the other Party and their members, officers, attorneys, agents, representatives, employees, and related and affiliated entities from any and all legal and equitable claims, demands, liabilities, obligations, promises, agreements, damages, causes of action, suits, costs, losses, debts, and expenses of every nature, kind, and sort whatsoever, xxxxxx and inchoate, matured and unmatured, known and unknown, that are, in any way, related to the unpaid connection and service charges as identified in Section 2 above (“Payment for Connection Charges”).
Release by the Parties. For and in consideration of the terms and conditions of this Agreement, the Parties hereby agree as follows:
Release by the Parties. Effective as of the Termination, each of the Company and the Sponsors hereby irrevocably, unconditionally and forever (i) waives and relinquishes any rights granted to such Party pursuant to the Management Agreement and the other agreements and documents contemplated thereby and (ii) releases and discharges each other party to the Management Agreement and any Affiliate thereof from any and all manner of claims, liabilities and obligations whatsoever, whether known or unknown, accrued or not accrued, direct or indirect, in law or equity, arising from or relating to the Management Agreement and the other agreements and documents contemplated thereby (excluding the right to receive the Fees, which obligation shall not be so released until paid as specified in Section 2.3 above).
Release by the Parties a. Upon the Timely Honoring of the Conversion Notice and the Timely Payment of the Balance Payment:
Release by the Parties. NMPC and Selkirk hereby agree that effective as of Selkirk Effective Time, without any further notice or action on the part of NMPC or Selkirk and except as set forth in Section 2 hereof, (a) the Existing PPA shall be irrevocably amended and restated by the Restated Agreement; (b) all rights and privileges granted, accruing or inuring to each Party pursuant to the Existing PPA shall be irrevocably superseded by the Restated Agreement; (c) all obligations and duties owed or required by the Existing PPA to be performed for or on behalf of one Party by any other Party thereto shall be irrevocably waived and released; and (d) each Party to the Existing PPA and its respective predecessors and successors in interest, agents, directors, officers, partners, trustees, employees and affiliates, shall be irrevocably released and forever discharged from all manner of actions, causes of action, suits, debts, sums of money, accounts, reckonings, bonds, bills, covenants, contracts, controversies, agreements, judgments claims and demands whatsoever, in law or equity, known or unknown, which any other Party ever had, now has or hereafter can, shall or may have, based upon or by reason of any matter, cause or thing related to or arising out of the Existing PPA. NMPC hereby acknowledges and agrees that the Consent and Agreement, dated as of October 23, 1992 (the "Consent"), among NMPC, Selkirk and the bank party thereto, as confirmed by the Confirmation Agreement, effective May 9, 1994 (the "Confirmation"), among NMPC, Selkirk and the entities thereto, shall continue in effect with respect to the Restated Agreement and NMPC shall execute and deliver such further documentation as Selkirk may reasonably request evidencing the foregoing in connection with the effectiveness of the Restructuring for Selkirk. NMPC hereby consents to the assignment of those provisions of the MRA which by the terms of the MRA survive the Consummation Date until fully performed (the "MRA Surviving Provisions") and this Release by Selkirk to Banker's Trust Company, as Collateral Agent, as security under Selkirk's financing agreements and agrees, for the benefit of the Collateral Agent and for the purposes of the Consent and the Confirmation, that each of the MRA Surviving Provisions and this Release shall be deemed to be an Assigned Agreement (as defined in the Consent and the Confirmation). Selkirk hereby represents and warrants to NMPC that, upon Selkirk's delivery of notice to NMPC that the Indentu...
Release by the Parties. In consideration of the foregoing payments which have been agree to be made and the additional consideration agreed to in this Agreement; both Back Products and FMI will forever release and discharge the other, their successors, legal representatives, and assigns from all debts, demands, actions, causes of action, charges, complaints, judgments, suits, contracts, and obligations existing at the time of this agreement, or arising hereafter, in connection with the Backstroke Back Massager and the Contract dated March 10, 1997, but reserving any and all right to enforce the provisions of this Agreement, including the right to seek and obtain injunctive and other equitable relief, notwithstanding, and in addition to, any claim for damages arising out of a parties breach of this Agreement, or any misrepresentations or breach of any warranties set forth in this Agreement.
Release by the Parties. Upon the Effective Date, the Parties, for themselves and, except to the extent prohibited by applicable law, their former, present, and future respective predecessors, successors, parents, subsidiaries, affiliates, assigns, agents, directors, officers, principals, employees, members, attorneys, partners, representatives, and shareholders forever release and discharge the Company and its predecessors, successors, parents, subsidiaries, affiliates, assigns, agents, directors, officers, principals, employees, members, attorneys, partners, and representatives from any and all claims, causes of action, damages, or liabilities of whatever kind or character, whether fixed or contingent, known or unknown, liquidated or unliquidated, mature or unmatured, that the Parties ever had, now have, or may have in the future against the Company, its predecessors, successors, parents, subsidiaries, affiliates, assigns, agents, directors, officers, principals, employees, members, attorneys, partners, representatives, including, but not limited to, those arising out of, relating to, or in any way involving the facts, events, transactions, occurrences, or other matters related in any way to the Securities Purchase Agreement and Registration Rights Agreement, whether arising at law, by contract, or in equity, from the beginning of time to the Agreement Date. This release shall not extend to any claim for breach of, or any rights and obligations created by, the terms of this Settlement Agreement. 8.
Release by the Parties
