Release Obligations Sample Clauses

Release Obligations. The Company’s obligation to pay You the separation payments set forth in Section 3(d) shall be conditioned upon Your execution, compliance with, and non-revocation of, a valid, binding and irrevocable Separation & Release Agreement in a form prepared by the Company in its sole and absolute discretion, which includes, but is not limited to, Your release of the Company and its officers, directors, employees, stockholders and affiliates from any and all liability and claims of any kind and Your confirmation of the Company’s right to continued performance by You of Your obligations under the Covenants Agreement (defined below) during the period following the termination of Your employment.
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Release Obligations. The Company’s obligation to pay You the separation payments set forth in Section 3(d) shall be conditioned upon (a) Your execution, prior to the 60th day following Your date of termination, and compliance with a valid, binding and irrevocable Separation & Release Agreement in a form prepared by the Company in its sole and absolute discretion, which includes, but is not limited to, Your release of the Company and its officers, directors, employees, stockholders and affiliates from any and all liability and claims of any kind and Your confirmation of the Company’s right to continued performance by You of Your obligations under the Covenants Agreement (defined below) during the period following the termination of Your employment and (b) the expiration of any applicable revocation period during the 60-day period following Your date of termination without You revoking such Separation & Release Agreement.
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Release Obligations. Ambac’s obligations under this Agreement, including its obligation to provide you with the payments set forth in sections 2 and 3, are contingent on the execution, delivery and non-revocation of this Agreement and the Waiver and General Release Agreement in the form set forth as Exhibit A hereto and, in addition, the execution, delivery and non-revocation, on or as of the Retirement Date, of a second Waiver and General Release Agreement in the form set forth as Exhibit A hereto in respect of the period from the date you initially sign the Waiver and General Release Agreement through the Retirement Date. In the event the agreement described in the preceding sentence is not executed and delivered, or revoked, (a) any option and/or restricted stock unit award that has vested from the date hereof through the Retirement Date will be forfeited and (b) you will be required to reimburse Ambac the entire amount of the payments set forth in paragraphs 2 and 3 within ten business days of the revocation date. Ambac, for and on behalf of itself and the other Released Parties (as such term is defined in the form of Waiver and General Release Agreement attached hereto as Exhibit A) further hereby waives and releases you and the other Releasors (as such term is also defined in the form of Waiver and General Release Agreement attached hereto as Exhibit A), from any and all Claims related to any event, condition, circumstance or obligation that occurred, existed or arose on or prior to the date hereof that Ambac is aware of, or should have been aware of, that it or any other Released Party has, may have or in the future may possess against you or any other such Releasor, arising or accruing on or prior to the date hereof, and Ambac shall, concurrent with your execution and delivery to Ambac on, after or as of the Retirement Date of the additional Waiver and General Release Agreement, execute and deliver to you a second release in your favor, in a form consistent with and no less favorable to you than the forgoing release set forth in this paragraph, covering the period between the date Ambac executes this Agreement and the date you execute such second release in favor of Ambac.
Sample 1
Release Obligations. Licensee shall Release the Title on all platforms in the United States concurrent with the theatrical release of the Property in the United States (currently scheduled for release in Summer 2010). Platinum shall apprise Licensee of the theatrical release date and the DVD release date of the Property as soon as is reasonably practicable. Licensee acknowledges that the intent of this Agreement is to have the Release of the Title on all platforms coincide with the theatrical release of the Property. As such, should the theatrical release date of the Property be changed to a date later than that which shall be identified initially and notified to Licensee, Licensee shall be timely informed in writing by Platinum of such change and Licensee shall adjust its release of the Title to coincide with the revised theatrical release date. Notwithstanding the foregoing, in the event that the theatrical release of the Property is delayed more than 90 days from the currently-anticipated release date, then Platinum and Licensee shall negotiate in good faith a potential reduction in the Guarantee to off-set resulting development and marketing costs. If Licensee fails to release all formats of the Title by the date that is three (3) months after the date described above (subject to further extension for any intervening force majeure events), Platinum at its election may either terminate this Agreement with respect to only that format of the Title not Released by such dates or terminate this Agreement pursuant to Paragraph 23.
Sample 1
Release Obligations. The Company’s obligation to pay You the Separation Payments, will be conditioned upon Your execution, compliance with, and non-revocation of a Separation & Release Agreement in a form prepared by the Company, which includes, but is not limited to, Your release of the Company from any and all liability and claims of any kind. If You do not execute, comply with, and refrain from revoking an effective Separation & Release Agreement, the Company will have no obligation to pay You under this Agreement.
Sample 1
Release Obligations. (a) (i) Licensee agrees to release each particular Album in the United Kingdom, France, Germany, Norway, Sweden and Denmark (the "Major Market Countries") within the period of sixty (60) days following the date of delivery of the Album concerned to Licensee (except fifteen (15) days following the date hereof with respect to Album 1) (a "Required Release Date"), but not earlier than the release of the particular Album in the United States, unless notified to the contrary by Owner in writing. If Licensee fails to release a particular Album in each of the Major Market Countries within the period provided above, Owner shall notify Licensee of such failure and Licensee shall have the right to release such Album in the particular Major Market Countries concerned within thirty (30) days following the date of Owner's notice to Licensee (the "Major Market Countries Cure Period"). If Licensee fails to release the particular Album concerned in the Major Market Countries concerned within the Major Market Countries Cure Period, then, notwithstanding anything to the contrary contained in paragraph 15 and without limitation of Owner's rights or remedies, the Term of this Agreement shall automatically terminate.
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Release Obligations 
Sample 1
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Related to Release Obligations

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Recourse Obligations The Mortgage Loan documents for each Mortgage Loan (a) provide that such Mortgage Loan becomes full recourse to the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis) in any of the following events (or negotiated provisions of substantially similar effect): (i) if any petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or acquiesced in by, the Mortgagor; (ii) the Mortgagor or guarantor shall have solicited or caused to be solicited petitioning creditors to cause an involuntary bankruptcy filing with respect to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or controlling equity interests in the Mortgagor made in violation of the Mortgage Loan documents; and (b) contains provisions for recourse against the Mortgagor and guarantor (which is a natural person or persons, or an entity or entities distinct from the Mortgagor (but may be affiliated with the Mortgagor) that collectively, as of the date of origination of the related Mortgage Loan, have assets other than equity in the related Mortgaged Property that are not de minimis), for losses and damages resulting from the following (or negotiated provisions of substantially similar effect): (i) the Mortgagor’s misappropriation of rents after an event of default, security deposits, insurance proceeds, or condemnation awards; (ii) the Mortgagor’s fraud or intentional material misrepresentation; (iii) breaches of the environmental covenants in the Mortgage Loan documents; or (iv) the Mortgagor’s commission of intentional material physical waste at the Mortgaged Property (but, in some cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capitalized Lease Obligations Sale and Leaseback Transactions, export credit facilities with a maturity of at least one year and Purchase Money Indebtedness of, including Guarantees of any of the foregoing by, the Issuer and/or any Restricted Subsidiary, in an aggregate principal amount at any one time outstanding not to exceed U.S.$1 billion;

  • Recourse Obligation This Agreement and the Obligations hereunder are fully recourse to the Borrower. Notwithstanding the foregoing, no recourse under or upon any obligation, covenant, or agreement contained in this Agreement shall be had against any officer, director, shareholder or employee of the Borrower except in the event of fraud or misappropriation of funds on the part of such officer, director, shareholder or employee.

  • Capitalized Lease Obligation 3 Commission................................................................ 4

  • Non-recourse Obligations Notwithstanding anything in this Agreement or any Basic Document, the Owner Trustee agrees in its individual capacity and in its capacity as Owner Trustee for the Trust that all obligations of the Trust to the Owner Trustee individually or as Owner Trustee for the Trust shall be with recourse to the Owner Trust Estate only and specifically shall be without recourse to the assets of the Holder.

  • Purchase Obligation An obligation of the Company to repurchase Mortgage Loans under the circumstances and in the manner provided in Section 2.07 or Section 2.08.

  • Repurchase Obligation At any time after the date hereof, the Partnership, the members of the Family Group of a Partner that becomes a Former Partner and the Family Holders that are not members of such Family Group shall collectively have the obligation (the “Repurchase Obligation”) to purchase from any Person who is then a Former Partner all of the Partnership Interests (the “Repurchase Interests”) directly or indirectly owned by such Former Partner immediately prior to the applicable Withdrawal Event, and such Former Partner shall be obligated to sell to the purchasing members of such Family Group, such Family Holders and/or the Partnership, as the case may be, all of such Person’s Repurchase Interests. In order to purchase Repurchase Interests pursuant to the Repurchase Obligation, such Family Group member or Family Holder must be an Authorized Transferee of the Former Partner. The Repurchase Obligation shall be effected as follows:

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