Release by Water Entities for Interim Project Costs Sample Clauses

Release by Water Entities for Interim Project Costs. Upon each payment from Cooperating Respondents to a Water Entity in an amount in Section 4.11 for the Water Entity’s Interim Project Costs, that Water Entity, on behalf of itself and its successors and assigns, hereby agrees to release, acquit and forever discharge each CR Affiliate from any and all actions, causes of action, claims, demands, liabilities, damages, penalties, debts, losses, costs, expenses and fees (including, without limitation, litigation costs and attorney and consultant fees) of every kind and nature whatsoever, in law and in equity, whether known or unknown, suspected or unsuspected, foreseen or unforeseen, but only to the extent of such payment. Upon the full payment of all amounts due to the Water Entity under Section 4.11, the full release set forth in this Section shall take effect with respect to all of that Water Entity’s Interim Project Costs (including any Interim Project Costs that are reimbursed by Public Funding Sources or Other Funding Sources). Additionally, until such full release takes effect and so long as the Cooperating Respondents are not in default of their payment obligations under Section 4.11, the Water Entity shall not file with any court of law any action in any way seeking to recover for its Interim Project Costs against the CR Affiliates.
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