Common use of Release Representations Clause in Contracts

Release Representations. Each Party hereto, for itself and on behalf of such Party’s other respective releasing parties, represents, warrants and agrees that (a) such Party waives Claims as set forth above, (b) such Party covenants not to institute against any of the parties it is releasing hereunder any proceeding, suit or action, at law or in equity, of whatsoever kind or nature, or in any way to aid in or encourage the institution or prosecution thereof, for damages, expenses, compensation, injunctive relief or otherwise, arising from or based upon any Claim, except that nothing herein shall restrict a Party from making statements to a government official in good faith or from offering testimony in any legal action (c) none of the Claims such Party is releasing and waiving hereunder have been sold, assigned or otherwise transferred or encumbered (directly or indirectly) to any person or party whatsoever, (d) such Party has the full right and power to grant, execute and deliver the full and complete release and waiver contained herein, and (e) the release made by, and the representations, warranties, and covenants of the other Parties hereto, are accepted by each Party hereto as a material inducement to entering into and consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Settlement Agreement, Waiver and Release of Claims (Progressive Care Inc.)

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Release Representations. Each Party hereto, for itself and on behalf of such Party’s other respective releasing parties, represents, warrants and agrees that (a) such Party hereby waives any Claims as set forth abovesuch Party has against any of the parties it is releasing hereunder, (b) such Party covenants not to institute against any of the parties it is releasing hereunder any proceeding, suit or action, at law or in equity, of whatsoever kind or nature, whether criminal or civil, or in any way to aid in or encourage the institution or prosecution thereof, for damages, expenses, compensation, injunctive relief or otherwise, arising from or based upon any Claim, except that nothing herein shall restrict a Party from making statements to a government official in good faith or from offering testimony in any legal action and (c) none of the Claims such Party is releasing and waiving hereunder have been sold, assigned or otherwise transferred or encumbered (directly or indirectly) to any person or party whatsoever, (d) and such Party has the full right and power to grant, execute and deliver the full and complete release and waiver contained herein, and (e) the release made by, and the representations, warranties, and covenants of the other Parties hereto, are accepted by each Party hereto as a material inducement to entering into and consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Settlement Agreement, Waiver and Release of Claims (Breathe Ecig Corp.)

Release Representations. Each Party party hereto, for itself and on behalf of such Partyparty’s other respective releasing parties, represents, warrants and agrees that (a) such Party waives Claims as set forth abovethe release and waiver contained in this Section 7 shall not apply to any obligations, covenants, conditions, representations or warranties arising under any of the Settlement Documents, (b) such Party party hereby waives any Claims such party has against any of the parties it is releasing hereunder, and covenants not to institute against any of the parties it is releasing hereunder any proceeding, suit or action, at law or in equity, of whatsoever kind or nature, whether criminal or civil, or in any way to aid in or encourage the institution or prosecution thereof, for damages, expenses, compensation, injunctive relief or otherwise, arising from from, related to, or based upon any Claim, except that nothing herein shall restrict a Party from making statements to a government official in good faith or from offering testimony in any legal action and (c) none of the Claims such Party party is releasing and waiving hereunder have been sold, assigned or otherwise transferred or encumbered (directly or indirectly) to any person or party whatsoever, (d) and such Party party has the full right and power to grant, execute and deliver the full and complete release and waiver contained herein, and (e) the release made by, and the representations, warranties, and covenants of the other Parties hereto, are accepted by each Party hereto as a material inducement to entering into and consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Settlement and Exchange Agreement (Cord Blood America, Inc.)

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Release Representations. Each Party party hereto, for itself and on behalf of such Partyparty’s other respective releasing parties, represents, warrants and agrees that (a) such Party waives Claims as set forth abovethe release and waiver contained in this Section shall not apply to any obligations, covenants, conditions, representations or warranties arising under any of the Transaction Document or Additional Investment Documents, (b) such Party party hereby waives any Claims such party has against any of the parties it is releasing hereunder, and covenants not to institute against any of the parties it is releasing hereunder any proceeding, suit or action, at law or in equity, of whatsoever kind or nature, whether criminal or civil, or in any way to aid in or encourage the institution or prosecution thereof, for damages, expenses, compensation, injunctive relief or otherwise, arising from from, related to, or based upon any Claim, except that nothing herein shall restrict a Party from making statements to a government official in good faith or from offering testimony in any legal action and (c) none of the Claims such Party party is releasing and waiving hereunder have been sold, assigned or otherwise transferred or encumbered (directly or indirectly) to any person or party whatsoever, (d) and such Party party has the full right and power to grant, execute and deliver the full and complete release and waiver contained herein, and (e) the release made by, and the representations, warranties, and covenants of the other Parties hereto, are accepted by each Party hereto as a material inducement to entering into and consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Settlement and Securities Purchase Agreement (Silver Dragon Resources Inc.)

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