Common use of Release etc Clause in Contracts

Release etc. Except as otherwise provided in this Agreement, any liability to any Shareholder under this Agreement may in whole or in part be released, compounded or compromised or time or indulgence given by that Shareholder in its absolute discretion as regards any Shareholder under such liability without in any way prejudicing or affecting its rights against any other Shareholder under the same or a like liability, whether joint and several or otherwise.

Release etc. Except as otherwise provided in this Agreement, any Any liability to owing from any Shareholder under this Agreement may in whole or in part be released, compounded or compromised or time or indulgence given by that a Shareholder in its absolute discretion as regards any Shareholder under such liability without in any way prejudicing or affecting its rights against any the other Shareholder under the same or a like liability, whether joint and several or otherwise, or the rights of the other Shareholder.