Common use of Release of Pre-Closing Claims Clause in Contracts

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c), effective as of the Distribution Date, ALTISOURCE does hereby, for itself and each other member of the ALTISOURCE Group, their respective Affiliates (other than any member of the OCWEN Group), successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, agents or employees of any member of the ALTISOURCE Group (in each case, in their respective capacities as such), release and forever discharge OCWEN and the other members of the OCWEN Group, their respective Affiliates (other than any member of the ALTISOURCE Group), successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, agents or employees of any member of the OCWEN Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Distribution Date, including in connection with the transactions and all other activities to implement the Separation or the Distribution.

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c), effective as of the Distribution Date, ALTISOURCE does herebyAT&T shall, for itself and each other wholly owned member of the ALTISOURCE Group, their respective Affiliates AT&T Communications Group (other than any member of the OCWEN AT&T Broadband Group), ) and their respective successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, members, agents or employees of any wholly owned member of the ALTISOURCE AT&T Communications Group (in each case, in their respective capacities as such), remise, release and forever discharge OCWEN each of AT&T Broadband and the other respective wholly owned members of the OCWEN Group, their respective Affiliates AT&T Broadband Group (other than any member of the ALTISOURCE AT&T Communications Group), their respective successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, members, agents or employees of any wholly owned member of the OCWEN AT&T Broadband Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Distribution Date, whether or not known as of the Distribution Date, including in connection with the transactions and all other activities to implement either the Separation or the Distribution.

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c4.1(c), effective as of the Distribution Date, ALTISOURCE the Company does hereby, for itself and each other member of the ALTISOURCE Company Group, their respective Affiliates (other than any member of the OCWEN Parent Group), successors and assigns, and all Persons (other than any member of the Parent Group) who at any time prior to the Distribution Date have been shareholdersstockholders, directors, officers, agents or employees of any member of the ALTISOURCE Company Group (in each case, in their respective capacities as such), remise, release and forever discharge OCWEN and Parent, the other members of the OCWEN Parent Group, their its respective Affiliates (other than any member of the ALTISOURCE Company Group), successors and assigns, and all Persons (other than any member of the Company Group) who at any time prior to the Distribution Date have been shareholdersstockholders, directors, officers, agents or employees of any member of the OCWEN Parent Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Distribution Date, including in connection with the transactions and all other activities to implement any of the Separation or and the Distribution.

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c4.1(c), effective as of the NCR Distribution Date, ALTISOURCE NCR does hereby, for itself and each other member of the ALTISOURCE NCR Group, their respective Affiliates (other than any member of the OCWEN AT&T Services Group or the Lucent Group), successors and assigns, and all Persons who at any time prior to the NCR Distribution Date have been shareholders, directors, officers, agents or employees of any member of the ALTISOURCE NCR Group (in each case, in their respective capacities as such), remise, release and forever discharge OCWEN and AT&T, the other members of the OCWEN AT&T Services Group, their respective Affiliates (other than any member of the ALTISOURCE NCR Group or the Lucent Group), successors and assigns, and all Persons who at any time prior to the NCR Distribution Date have been shareholders, directors, officers, agents or employees of any member of the OCWEN AT&T Services Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the NCR Distribution Date, including in connection with the transactions actions or decisions taken or omitted to be taken in connection with, and all the other activities to implement relating to, the Separation structuring or implementation of any of the Separation, the IPO, the Lucent Distribution or the NCR Distribution.

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c), effective as of the Distribution Date, ALTISOURCE does herebyAT&T, for itself and each other wholly owned member of the ALTISOURCE Group, their respective Affiliates AT&T Communications Group (other than any member of the OCWEN AT&T Broadband Group), ) and their respective successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, members, agents or employees of any wholly owned member of the ALTISOURCE AT&T Communications Group (in each case, in their respective capacities as such), release hereby remises, releases and forever discharge OCWEN discharges each of AT&T Broadband and the other respective wholly owned members of the OCWEN Group, their respective Affiliates AT&T Broadband Group (other than any member of the ALTISOURCE AT&T Communications Group), their respective successors and assigns, and all Persons who at any time prior to the Distribution Date have been shareholders, directors, officers, members, agents or employees of any wholly owned member of the OCWEN AT&T Broadband Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Distribution Date, whether or not known as of the Distribution Date, including in connection with the transactions and all other activities to implement either the Separation or the Distribution.

Release of Pre-Closing Claims. (a) Except as provided in Section 5.01(c5.1(c), effective as of the Distribution Closing Date, ALTISOURCE Lucent does hereby, for itself and each other member of the ALTISOURCE Lucent Group, their respective Affiliates (other than any member of the OCWEN AT&T Group), successors and assigns, and all Persons who at any time prior to the Distribution Closing Date have been shareholders, directors, officers, agents or employees of any member of the ALTISOURCE Lucent Group (in each case, in their respective capacities as such), remise, release and forever discharge OCWEN each of AT&T and NCR, the other respective members of the OCWEN AT&T Services Group and the NCR Group, their respective Affiliates (other than any member of the ALTISOURCE Lucent Group), successors and assigns, and all Persons who at any time prior to the Distribution Closing Date have been shareholders, directors, officers, agents or employees of any member of the OCWEN AT&T Services Group or the NCR Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Distribution Closing Date, including in connection with the transactions and all other activities to implement any of the Separation or Separation, the IPO and the Distribution.