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

Release of Pre-Closing Claims. (a) Except as provided in Section 3.1(c), effective as of the Distribution Time, B&W does hereby, for itself and each other member of the B&W Group, their respective Affiliates, successors and assigns, and all Persons who at any time prior to the Distribution Time have been stockholders, directors, officers, agents or employees of any member of the B&W Group (in each case, in their respective capacities as such), remise, release and forever discharge MII, each member of the MII Group and their respective Affiliates, successors and assigns, and all stockholders, directors, officers, agents or employees of any member of the MII 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 to B&W and each other member of the B&W Group, whether at law or in equity (including any right of contribution), whether arising under any Contract, 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 at or before the Distribution Time, including in connection with the transactions and all other activities to implement any Prior Transfers, the Separation and the Distribution.

Appears in 4 contracts

Samples: Master Separation Agreement, Master Separation Agreement (Babcock & Wilcox Co), Master Separation Agreement (McDermott International Inc)

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Release of Pre-Closing Claims. (a) Except as provided in Section 3.1(c3.02(c), effective as of the Distribution TimeDate, B&W PMI does hereby, for itself and each other member of the B&W PMI Group, their respective Affiliates, successors and assigns, and all Persons who at any time prior to the Distribution Time Date have been stockholdersshareholders, directors, officers, agents or employees of any member of the B&W PMI Group (in each case, in their respective capacities as such), remise, release and forever discharge MIIAltria, each member the members of the MII Group and Altria Group, their respective Affiliates, successors and assigns, and all stockholdersPersons who at any time prior to the Distribution Date have been shareholders, directors, officers, agents or employees of any member of the MII Altria 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 to B&W and each other member of the B&W Groupwhatsoever, whether at law Law or in equity (including any right of contribution), whether arising under any Contractcontract 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 at on or before the Distribution TimeDate, including in connection with the transactions and all other activities to implement any Prior Transfers, the Separation and the Distribution.

Appears in 2 contracts

Samples: Distribution Agreement (Philip Morris International Inc.), Distribution Agreement (Altria Group, Inc.)

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