Common use of Release of Sellers Clause in Contracts

Release of Sellers. Any liability of the Sellers to any person under this agreement may in whole or in part be released, compromised or compounded or time or indulgence given by that person in its absolute discretion as regards any of the Sellers in respect of such liability without in any way prejudicing or affecting that person’s rights against any other or others of the Sellers under the same or like liability, whether joint or several or otherwise, or any other person’s rights against any of them in any respect.

Release of Sellers. Any Subject always to the terms of paragraph 3.2 of schedule 6, any liability of the Sellers to any person under this agreement may in whole or in part be released, compromised or compounded or time or indulgence given by that person in its absolute discretion as regards any of the Sellers in respect of such liability without in any way prejudicing or affecting (i) that person’s rights against any other or others of the Sellers under the same or like liability, whether joint or several or otherwise, or (ii) any other person’s rights against any of them in any respect, or (iii) the rights and obligations of the Sellers by and amongst themselves.