Release Provisions Sample Clauses
Release Provisions. The provisions of Schedule B(1) are incorporated into and form part of this Agreement.
Release Provisions. The provisions of Schedule(s) B(2) Value Security Escrow Agreement for Tier 2 Issuer and B(1) Value Security Escrow Agreement for Tier 1 Issuer are incorporated into and form part of this Agreement.
Release Provisions. The provisions of Schedule B(1) – CPC Escrow Securities are incorporated into and form part of this Agreement.
Release Provisions. The Mortgagee and its assignees and subsequent holders of the Note, shall deliver to Mortgagor partial releases of this Mortgage for portions of Property secured by this Mortgage upon payment of a release price equal to Fourteen Thousand Dollars ($14,000.00) per acre for each acre of area within each parcel which Mortgagee seeks a release for a release payment, provided (i) Mortgagor will not be entitled to a partial release if there is any default remaining uncured pursuant to the Note or Mortgage; (ii) Mortgagor shall first have submitted a survey designating the parcel to be released and its total square footage, and also showing the remainder of the Property or a copy of the recorded plat for any platted lot being released; (iii) such release shall not cause any of the remaining Property to become landlocked; (iv) the dimensions and layout of the parcel being released shall be reasonably acceptable to the Mortgagee with respect to there not being a disproportionate amount of road frontage included, and the release shall not render the size or configuration of the remainder of the Property to be commercially unacceptable or otherwise adversely impacted; (v) any easements necessary to extend utility lines or facilities under or across the parcel to be released to serve the remainder of the Property shall be created and granted concurrently with the release; and (vi) the principal payment shall be applied against the Note in the reverse order of maturity. Each such payment of a release price shall be applied as an advance payment of principal of the Note. EXECUTED effective the 27 day of September, 2002. MORTGAGOR: CAPITOL DEVELOPMENT OF ARKANSAS, INC., an Arkansas corporation By: /s/ Xxxxxxx X. Xxxx ------------------- Name: Xxxxxxx X. Xxxx Title: President MORTGAGE PAGE 10 OF 13 PAGES STATE OF FLORIDA COUNTY OF PALM BEACH ACKNOWLEDGMENT -------------- On this 27 day of September, 2002, before me, a Notary Public, duly commissioned, qualified and acting, within and for said County and State, appeared in person the within named Xxxx Xxxx, being the person authorized by Capitol Development of Arkansas, Inc. to execute such instrument, to me personally well known, who stated that he was the President of Capitol Development of Arkansas, Inc., executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.
Release Provisions. If the Settlement Agreements are approved and become effective, you and all Cla ss Members will be bound by the terms of the Settlement Agreements, and upon their becoming effective, you will be releasing Visa, MasterCard and other entities from certain claims as set forth below, including claims relating in any way to any conduct prior to January 1, 2004 concerning any claims alleged in the Second Amended Consolidated Class Action Complaint or any of the complaints consolidated therein, including, without limitation, claims which have been asserted or could have been asserted in this litigation, as follows: Visa, MasterCard and their past, present or future officers, directors, stockholders, member financial institutions, agents, employees, legal representatives, trustees, parents, associates, affiliates, subsidiaries, divisions, partners, heirs, executors, administrators, purchasers, predecessors, successors and assigns (the "Released Parties") shall be released and forever discharged from all manner of claims, demands, actions, suits, causes of action against the Released Parties, whether class, individual, or otherwise in nature, damages whenever incurred, liabilities of any nature whatsoever, including costs, expenses, penalties and attorneys’ fees, known or unknown, suspected or unsuspected, in law or equity, that any Plaintiff or Class Members who have not timely excluded themselves from the Class Action (including any of their past, present or future officers, directors, stockholders, agents, employees, legal representatives, trustees, parents, associates, affiliates, subsidiaries, divisions, partners, heirs, executors, administrators, purchasers, predecessors, successors and assigns), whether or not they object to the Settlement and whether or not they make a claim upon or participate in the Settlement Fund, whether directly, representatively, derivatively or in any other capacity, ever had, now has or hereafter can, shall or may have, relating in any way to any conduct prior to January 1, 2004 concerning any claims alleged in the Second Amended Consolidated Class Action Complaint or any of the complaints consolidated therein, including, without limitation, claims which have been asserted or could have been asserted in this litigation which arise under or relate to any federal or state antitrust, unfair competition, unfair practices, or other law or regulation, or common law, including, without limitation, the Xxxxxxx Act, 15 U.S.C § 1 et seq. (th...
Release Provisions. For the entire period of the Executive’s employment by the Company, including his Retention Period, up to the Release Date:
Release Provisions. The provisions of Schedule(s) [Insert schedule reference(s)] are incorporated into and form part of this Agreement.
Release Provisions. If Tenant completes an initial public offering of stock in Tenant in which the gross proceeds exceeds $100,000,000.00 (an “IPO”), then on the later of the date five days after the date of such IPO or a date eighteen (18) months after the Commencement Date, the Security Deposit shall be reduced by 20%; provided, however, that if the IPO results in gross proceeds of less than $100,000,000.00 but more than $90,000,000.00, then if Tenant subsequently completes a secondary public offering of stock in Tenant (the “Secondary Offering”) in which the aggregate gross proceeds cumulated with the IPO exceeds $100,000,000.00, then on the later of the date five days after the date of such Secondary Offering or a date eighteen (18) months after the Commencement Date, the Security Deposit shall be reduced by 20%. The date on which a 20% portion of the Security Deposit is released pursuant to the foregoing sentence shall be referred to as the “Initial Release Date”. Thereafter, but only if Tenant has received a 20% reduction pursuant to the first sentence of this Section 26.2, the Security Deposit shall be reduced, at the following times and in the following amounts, upon Tenant’s satisfaction of the following requirements: (i) on each anniversary of the Initial Release Date, the Security Deposit shall be reduced by an amount equal to ten percent (10%) of the original amount of the Security Deposit if Tenant has achieved profitable operations during the preceding twelve (12) month period and Tenant during such twelve (12) month period has achieved a coverage ratio in which its after tax cash flow (adding back depreciation and amortization) equals 4 or more times all fixed debt service and lease payments, including rent under this Lease, all as reasonably determined by Landlord; and (ii) on a one time basis, if on the date twelve (12) months after the Initial Release Date Tenant has equaled or exceeded its targeted annual profit objectives for the previous twelve (12) month period (which are targeted to be $50,000,000.00), as reasonably determined by Landlord, then the Security Deposit shall be reduced by an amount equal to twenty percent (20%) of the original amount of the Security Deposit. Notwithstanding any of the foregoing to the contrary, the reduction of the amount of the Security Deposit pursuant to this Section 26.2 shall be subject to the following: (A) if Tenant is in default under any term of this Lease on any date on which Tenant would otherwise be entitled to ...
Release Provisions. The provisions of Schedule(s) [Insert schedule reference(s)] are incorporated into and form part of this Agreement. Select applicable schedule(s) [ CPC Escrow Securities – attach schedule B(1)] [ Tier 1 Issuer Escrow Securities– attach schedule B(2)]
Release Provisions. 1. In exchange for the consideration described in this Letter Agreement, including the Termination Payment, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, you for yourself and for your heirs, assigns, executors, administrators, agents and successors, past and present (collectively, the “Employee Affiliates”), hereby fully and without limitation release, covenant not to sxx, and forever discharge the Company and its subsidiaries, parent companies, divisions, affiliated corporations, affiliated partnerships, trustees, directors, officers, shareholders, partners, agents, representatives, employees, consultants, insurance carriers, attorneys, heirs, assigns, executors and administrators, predecessors and successors, past and present (the “Releasees”), both individually and collectively, from any and all rights, claims, demands, liabilities, charges, complaints, obligations, promises, agreements, controversies, debts, actions and causes of action whether in law or in equity, suits, damages, losses, workers’ compensation claims, attorneys’ fees, costs, and expenses, of whatever nature whatsoever, known or unknown, fixed or contingent, suspected or unsuspected (“Claims”), that you or the Employee Affiliates now have, or may ever have, against the Company or any of the other Releasees for any acts or omissions by the Company or any of the other Releasees occurring prior to the Effective Date of this Agreement. Without limiting the generality of the foregoing, this Release applies to any Claims that you or the Employee Affiliates now have, or may ever have, against the Company or any of the other Releasees that arise out of, or are in any manner related to any of the following: (i) your employment by the Company or any of the other Releasees; (ii) the termination of your employment with the Company or any of the other Releasees; and (iii) any transactions, occurrences, acts or omissions by the Company or any of the other Releasees occurring prior to the Effective Date of this Agreement.
2. Without limiting the generality of the foregoing, you specifically and expressly release any Claims against the Company and the other Releasees occurring prior to the Effective Date of this Agreement arising out of or related to violations of any federal or state employment discrimination law, including Executive Order 11141, the Age Discrimination In Employment Act, Title VII of the Civil Rights Act of 1964, 29 U.S.C. §1...