RELEASE OR DISCHARGE Sample Clauses

The RELEASE OR DISCHARGE clause serves to formally absolve one or more parties from further legal claims, obligations, or liabilities related to a specific agreement or event. In practice, this clause may be used when a party has fulfilled its contractual duties or when a settlement is reached, ensuring that no additional claims can be brought regarding the matter covered. Its core function is to provide finality and certainty by preventing future disputes or litigation over the same issues, thereby protecting the released party from ongoing or unforeseen legal exposure.
RELEASE OR DISCHARGE. During the probationary period, an employee may have their employment terminated without recourse to the grievance procedure, save and except where the termination is arbitrary, discriminatory, or in bad faith. Wherever the Corporation deems it necessary to suspend or discharge an employee, the Corporation shall notify the Union of such suspension or discharge in writing. The Corporation agrees that it will not suspend, discharge or otherwise discipline an employee who has completed their probationary period, without just cause.
View SourceView Similar (6)
RELEASE OR DISCHARGE. During the probationary period, an employee may have their employment terminated without recourse to the grievance procedure, save and except where the termination is arbitrary, discriminatory, or in bad faith.
View SourceView Similar (2)
RELEASE OR DISCHARGE. Without affecting Grantor’s liability for the payment of any of the Secured Debt, Lender may from time to time and without notice (i) release any Person liable for the payment of any or all of the Secured Debt, (ii) extend or modify the terms of payment of any or all of the Secured Debt, (iii) accept additional real or personal property of any kind as security or alter, substitute or release any property securing any or all of the Secured Debt, or (iv) cause Trustee to consent to the making of any map or plat of the Secured Property, or to reconvey any part of the Secured Property, or to join in granting any easement or creating any restriction on the Secured Property, or to join in any subordination or other agreement affecting this Deed of Trust.
View SourceView Similar (2)
RELEASE OR DISCHARGE. ISG shall notify SRP in writing as soon as possible after any release or discharge by ISG of any Hazardous Materials in quantities reportable to a public agency, or receipt of any notice of violation by ISG of any Hazardous Materials Laws, any order requiring remedial work, or any claims made by any third party against ISG relating to ISG's use of Hazardous Materials at NGS.
View Source

Related to RELEASE OR DISCHARGE

  • Suspension or Discharge In the event of a grievance arising from an employee's suspension or dismissal, the Employer agrees to notify the employee, in writing, setting out the grounds for the Employer's action. A copy of the notice will be sent to the Union's designate within five (5) calendar days. Grievances arising from suspension shall be filed at Step 2 and from dismissals at arbitration within twenty-one (21) days of the suspension or dismissal.

  • AIR DISCHARGES 6.1 Do you have any air filtration systems or stacks that discharge into the air? Yes ( ) No ( ) 6.2 Do you operate any equipment that require air emissions permits? Yes ( ) No ( ) 6.3 Attach copies of any air discharge permits pertaining to these operations.

  • No Discharge This Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any limitation, impairment or discharge for any reason (other than payment in full of the Guarantied Obligations), including without limitation the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them: (a) any failure to assert or enforce or agreement not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy with respect to the Guarantied Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guarantied Obligations, (b) any waiver or modification of, or any consent to departure from, any of the terms or provisions of the Credit Agreement, any of the other Loan Documents, the Lender Swap Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guarantied Obligations, (c) the Guarantied Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect, (d) the application of payments received from any source to the payment of indebtedness other than the Guarantied Obligations, even though Guarantied Party or the other Beneficiaries, or any of them, might have elected to apply such payment to any part or all of the Guarantied Obligations, (e) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guarantied Obligations, (f) any defenses, set-offs or counterclaims which Company may assert against Guarantied Party or any Beneficiary in respect of the Guarantied Obligations, including but not limited to failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury, and (g) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of a Guarantor as an obligor in respect of the Guarantied Obligations.

  • Termination, Release and Discharge [The] [Each] Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

  • Release and Discharge 11.1 The acceptance by the Designer of the last payment under the provisions of Article 6.5 or Article 12 in the event of termination of the Contract, shall in each instance, operate as and be a release to the Owner and the Authority and their employees and officers, from all claims of the Designer and its Subconsultants for payment for services performed and/or furnished, except for those written claims submitted by the Designer to the Owner with, or prior to, the last invoice.