Common use of Release Clause in Contracts

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 9 contracts

Samples: Credit and Security Agreements (CAPSTONE TURBINE Corp), Credit and Security Agreements (CAPSTONE TURBINE Corp), Credit and Security Agreements (CAPSTONE TURBINE Corp)

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Release. Company Borrowers and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Guarantors hereby absolutely and unconditionally release and forever discharge Xxxxx FargoLender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company Borrowers or Guarantor has Guarantors have had, now has have or has have made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company Borrowers and Guarantor Guarantors in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention each of the Company Borrowers and Guarantor each Guarantors waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 8 contracts

Samples: Credit and Security Agreements and Consent (Dasan Zhone Solutions Inc), Credit and Security Agreements (Dasan Zhone Solutions Inc), Credit and Security Agreements (Dasan Zhone Solutions Inc)

Release. Company Pursuant to the terms of the Employment Agreement made as of _____________, between TIME WARNER INC., a Delaware corporation (the "Company"), 00 Xxxxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 and the Guarantor signing undersigned (the Acknowledgment "Agreement"), and Agreement in consideration of Guarantor set forth below the payments made to me and other benefits to be received by me pursuant thereto, I, [Name], being of lawful age, do hereby absolutely and unconditionally release and forever discharge Xxxxx Fargothe Company and its officers, and any and all participantsshareholders, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officerssubsidiaries, agents, attorneys, and employees of any of the foregoingemployees, from any and all actions, causes of action, claims, or demands for general, special or causes punitive damages, attorney's fees, expenses, or other compensation, which in any way relate to or arise out of action my employment with the Company or any of any kindits subsidiaries or the termination of such employment, nature which I may now or description, whether arising in law or equity or upon contract or tort or hereafter have under any federal, state or federal law local law, regulation or otherwiseorder, which Company or Guarantor has hadincluding without limitation, now has or has made claim to have against any such person for or by reason of any actunder the Age Discrimination in Employment Act, omissionas amended, matter, cause or thing whatsoever arising from the beginning of time to through and including the date of this AmendmentRelease; provided, whether such claimshowever, demands that the execution of this Release shall not prevent the undersigned from bringing a lawsuit against the Company to enforce its obligations under the Agreement. I acknowledge that I have been given at least 21 days from the day I received a copy of this Release to sign it and causes of action are matured that I have been advised to consult an attorney. I understand that I have the right to revoke my consent to this Release for seven days following my signing. This Release shall not become effective or unmatured or known or unknown. It is enforceable until the intention expiration of the Company seven-day period following the date it is signed by me. I further state that I have read this document and Guarantor in executing this release the Agreement referred to herein, that I know the contents of both and that I have executed the same shall be effective as a bar to each and every claimmy own free act. WITNESS my hand this ____ day of ___________ , demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.____. --------------------------- [Name]

Appears in 8 contracts

Samples: Employment Agreement (Aol Time Warner Inc), Employment Agreement (Time Warner Inc/), Employment Agreement (Aol Time Warner Inc)

Release. Each Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release releases and forever discharge discharges Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which such Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the each Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the each Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 7 contracts

Samples: Forbearance Agreement, Credit and Security Agreement, Forbearance Agreement (Phoenix Footwear Group Inc)

Release. Company and Section 11 discusses your agreement not to hold us responsible for any dispute you may have with another User, as detailed below. In addition to the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below recognition that Upwork is not a party to any contract between Users, you hereby absolutely and unconditionally release and forever discharge Xxxxx FargoUpwork, our Affiliates, and any and all participantsour respective officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneyssubsidiaries, joint ventures, employees and service providers from claims, demands, and employees damages (actual and consequential) of every kind and nature, known and unknown, arising out of or in any way connected with any dispute you have with another User, whether it be at law or in equity that exist as of the foregoingtime you enter into this agreement. This release includes, from for example and without limitation, any disputes regarding the performance, functions, and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention quality of the Company Freelancer Services provided to Client by a Freelancer and Guarantor requests for refunds based upon disputes. Procedures regarding the handling of certain disputes between Users are discussed in executing this release that the same shall be effective as a bar to each and every claimEscrow Instructions. TO THE EXTENT APPLICABLE, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section YOU HEREBY WAIVE THE PROTECTIONS OF CALIFORNIA CIVIL CODE § 1542 of the Civil Code of the State of California, which provides(AND ANY ANALOGOUS LAW IN ANY OTHER APPLICABLE JURISDICTION) WHICH SAYS: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORDEBTOR OR RELEASED PARTY.” The parties acknowledge This release will not apply to a claim that each may hereafter discover facts different from or in addition Upwork failed to those now known or believed to be true with respect to such claims, demands, or causes meet our obligations under the Terms of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsService.

Appears in 6 contracts

Samples: User Agreement, User Agreement, User Agreement

Release. Company Each of the Borrowers and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Guarantors hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company Borrowers or Guarantor has Guarantors have had, now has have or has have made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company Borrowers and Guarantor Guarantors in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company Borrowers and Guarantor Guarantors each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 6 contracts

Samples: Credit and Security Agreement (Novatel Wireless Inc), Credit and Security Agreement (Novatel Wireless Inc), Credit and Security Agreement (Novatel Wireless Inc)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which either Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 6 contracts

Samples: Compliance Certificate (CAPSTONE TURBINE Corp), Credit and Security Agreements (CAPSTONE TURBINE Corp), Credit and Security Agreements (CAPSTONE TURBINE Corp)

Release. Company and To induce the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Bank to enter into this Amendment, Borrower hereby absolutely and unconditionally release releases, acquits, and forever discharge Xxxxx Fargodischarges Bank and its respective officers, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officersattorneys, agents, attorneysemployees, successors, and employees of any of the foregoingassigns, from any and all liabilities, claims, demands demands, actions, or causes of action of any kind, nature or descriptionkind (if there be any), whether arising in absolute or contingent, due or to become due, disputed or undisputed, liquidated or unliquidated, at law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is , that any one or more of them now have or, prior to the intention date hereof, ever have had against Bank, whether arising under or in connection with any of the Company Loan Documents or otherwise, and Guarantor in executing this release that the same shall be effective as a bar Borrower covenants not to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from xxx at law or in addition to those now known or believed to be true at equity Bank with respect to such any of the foregoing liabilities, claims, demands, actions, or causes of action (if there be any). Borrower hereby acknowledges and agree agrees that the execution of this instrument Amendment by Bank shall not constitute an acknowledgment of or admission by Bank of the existence of any claims or of liability for any matter or precedent upon which any claim or liability may be asserted. Borrower further acknowledges and remain effective in all respects notwithstanding agrees that, to the extent any such differences claims may exist, they are of a speculative nature so as to be incapable of objective valuation and that, in any event, the value to Borrower of the agreements of Bank contained in this Amendment and any other documents executed and delivered in connection with this Amendment substantially and materially exceeds any and all value of any kind or additional factsnature whatsoever of any such claims. Borrower further acknowledges and agrees Bank is in no way responsible or liable for the previous, current or future condition or deterioration of the business operations and/or financial condition of Borrower and that Bank has not breached any agreement or commitment to loan money or otherwise make financial accommodations available to Borrower or to fund any operations of Borrower at any time. Borrower represents and warrants to Bank that Borrower has not transferred or assigned to any Person any claim, demand, action or cause of action that Borrower has or ever had against Bank.

Appears in 6 contracts

Samples: Loan and Security Agreement (Innotrac Corp), Loan and Security Agreement (Innotrac Corp), Loan and Security Agreement (Innotrac Corp)

Release. Company In the event that Executive elects the Release Severance, then Executive agrees as follows: Executive, on behalf of himself or herself and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitorshis or her heirs, successors and assigns thereofassigns, together with all of hereby fully releases and forever discharges the present Company, and former its officers, directors, officers, agents, employees, attorneys, parents, affiliates, and employees of any of subsidiaries (the foregoing“Released Parties”), from any and all claims, demands or causes of action actions and liabilities of any kindkind or character whatsoever, nature or description, whether arising in law or equity in equity, known or upon contract unknown, suspected or tort or under any state or federal law or otherwiseunsuspected, which Company or Guarantor that Executive has ever had, now has or has made claim to may now have against the Released Parties, including, without limitation, all claims directly or indirectly related to or arising out of Executive’s employment by the Company, the performance of his duties during that employment, and/or the termination of or his resignation from that employment. This waiver and release specifically includes, but is not limited to, all claims, if any, whether arising in tort or in contract, related to Executive’s employment, including any such person and all claims for wrongful discharge or wrongful termination; claims for alleged violation of public policy or breach of implied covenant of good faith and fair dealing; claims for breach of fiduciary duty; claims for negligent or intentional infliction of emotional distress; claims arising in connection with Executive’s compensation, benefits, warrants and/or stock options; claims for breach of express or implied contract or for further monetary compensation by way of additional salary or bonus allegedly due Executive by reason of his employment with the Company; and all other claims, based on common law or federal or state statute, including claims for discrimination based on age arising under state statute or the federal Age Discrimination in Employment Act, the Older Workers’ Benefits Protection Act, or any act, omission, matter, cause similar federal or thing whatsoever arising from the beginning of time state law prohibiting age discrimination. Executive further understands and expressly agrees that this Release specifically extends to and including the date of this Amendmentall claims, whether such those claims are presently known to the party or not, or suspected by the party or not. Executive agrees that he or she has not assigned or transferred, in whole or in part, any of the claims, demands and causes actions or liabilities released by him or her herein. By signing below, Executive expressly waives the benefits of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaCode, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORgeneral release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release which if known by him must have materially affected his settlement with the debtor.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 5 contracts

Samples: Employment Agreement (Ants Software Inc), Ants Employment Agreement (Ants Software Inc), Employment Agreement (Ants Software Inc)

Release. Company In consideration of the severance benefits offered to me by Ingevity Corporation (the “Company”) under the Severance and Change of Control Agreement dated as of _______________ (the Guarantor signing “Agreement”) and other consideration, I on behalf of myself, and on behalf of my heirs, administrators, representatives, successors, and assigns (the Acknowledgment and Agreement of Guarantor set forth below “Releasors”), hereby absolutely and unconditionally release acquit and forever discharge Xxxxx Fargothe Company, all of its past, present and any future subsidiaries and affiliates and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneystrustees, partners, shareholders, consultants, independent contractors and representatives, all of their respective heirs, successors, and employees of any of assigns and all persons acting by, through, under or in concert with them (the foregoing, “Releasees”) from any and all claims, demands or charges, complaints, obligations, promises, agreements, controversies, damages, remedies, demands, actions, causes of action action, suits, rights, costs, debts, expenses and liabilities that the Releasors might otherwise have asserted arising out of my employment with the Company and its subsidiaries and affiliates, including the termination of that employment. However, the Releasors are not releasing any kindrights under (i) any qualified employee retirement plan; (ii) any claim for compensation and benefits to be provided to me under the Agreement; (ii) any claim for vested benefits or benefits that I am otherwise entitled to receive under any plan, nature policy, practice or descriptionprogram of or any contract or agreement with the Company or any of the Affiliated Companies at or subsequent to the Date of Termination; (iii) any claim related to my indemnification as an officer, whether arising director and employee of the Affiliated Companies under the Company’s Certificate of Incorporation or By-Laws; or (iv) any rights or claims that may arise after the date on which I sign this release (the “Release”). Those rights shall survive unaffected by this Release. I understand that, as a consequence of my signing this Release, I am giving up, any and all rights I might otherwise have with respect to my employment and the termination of that employment including but not limited to rights under (1) the Age Discrimination in law Employment Act of 1967, as amended; (2) any and all other federal, state, or equity municipal laws prohibiting discrimination in employment on the basis of sex, race, national origin, religion, age, handicap, or upon other invidious factor, or retaliation; and (3) any and all theories of contract or tort law related to my employment or under any state or federal termination thereof, whether based on common law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties I acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 5 contracts

Samples: Severance and Change of Control Agreement (Ingevity Corp), Severance and Change of Control Agreement (Ingevity Corp), Severance and Change of Control Agreement (Ingevity Corp)

Release. Company and The Borrower, the Guarantor by signing the Acknowledgment and Agreement of Guarantor set forth below below, and the Subordinated Creditors by signing the Acknowledgment and Agreement of Subordinated Creditors set forth below, hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges the Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company the Borrower, the Guarantor or Guarantor each Subordinated Creditor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company Borrower, the Guarantor and Guarantor each Subordinated Creditor in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified specified, and in furtherance of this intention the Company and Guarantor each it waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 4 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Corsair Components, Inc.), Credit and Security Agreement (Corsair Components, Inc.)

Release. Company and The Borrower, the Guarantor by signing the Acknowledgment and Agreement of Guarantor set forth below below, and the Subordinated Creditors by signing the Acknowledgment and Agreement of Subordinated Creditors set forth below, hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges the Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company the Borrower, the Guarantor or Guarantor each Subordinated Creditor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company Borrower, the Guarantor and Guarantor each Subordinated Creditor in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified specified, and in furtherance of this intention the Company and Guarantor each it waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 4 contracts

Samples: Credit and Security Agreement (Corsair Components, Inc.), Credit and Security Agreement and Waiver of Defaults (Corsair Components, Inc.), Credit and Security Agreement (Corsair Components, Inc.)

Release. Company In consideration of the severance benefits offered to me by Ingevity Corporation (the “Company”) under the Severance and Change of Control Agreement dated as of _______________ (the Guarantor signing “Agreement”) and other consideration, I on behalf of myself, and on behalf of my heirs, administrators, representatives, successors, and assigns (the Acknowledgment and Agreement of Guarantor set forth below “Releasors”), hereby absolutely and unconditionally release acquit and forever discharge Xxxxx Fargothe Company, all of its past, present and any future subsidiaries and affiliates and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneystrustees, partners, shareholders, consultants, independent contractors and representatives, all of their respective heirs, successors, and employees of any of assigns and all persons acting by, through, under or in concert with them (the foregoing, “Releasees”) from any and all claims, demands or charges, complaints, obligations, promises, agreements, controversies, damages, remedies, demands, actions, causes of action action, suits, rights, costs, debts, expenses and liabilities that the Releasors might otherwise have asserted arising out of my employment with the Company and its subsidiaries and affiliates, including the termination of that employment. However, the Releasors are not releasing any kindrights under (i) any qualified employee retirement plan; (ii) any claim for compensation and benefits to be provided to me under the Agreement; (ii) any claim for vested benefits or benefits that I am otherwise entitled to receive under any plan, nature policy, practice or descriptionprogram of or any contract or agreement with the Company or any of the Affiliated Companies at or subsequent to the Date of Termination; (iii) any claim related to my indemnification as an officer, whether arising director and employee of the Affiliated Companies under the Company’s Certificate of Incorporation or By-Laws; or (iv) any rights or claims that may arise after the date on which I sign this release (the “Release”). Those rights shall survive unaffected by this Release. I understand that, as a consequence of my signing this Release, I am giving up any and all rights I might otherwise have with respect to my employment and the termination of that employment including but not limited to rights under (1) the Age Discrimination in law Employment Act of 1967, as amended; (2) any and all other federal, state, or equity municipal laws prohibiting discrimination in employment on the basis of sex, race, national origin, religion, age, handicap, or upon other invidious factor, or retaliation; and (3) any and all theories of contract or tort law related to my employment or under any state or federal termination thereof, whether based on common law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties I acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 4 contracts

Samples: Severance and Change of Control Agreement (Ingevity Corp), Severance and Change of Control Agreement (Ingevity Corp), Severance and Change of Control Agreement (Ingevity Corp)

Release. Each Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release releases and forever discharge discharges Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which such Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the each Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 4 contracts

Samples: Forbearance Agreement, Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)

Release. Company Borrower represents and warrants that Borrower has no claims, counterclaims, defenses, or offsets with respect to the Guarantor signing enforcement by Lender against Borrower of the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release Loan or the Loan Documents. Borrower further fully, finally and forever discharge Xxxxx Fargoreleases and discharges Lender and its respective successors, and any and all participantsassigns, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, employees, agents, attorneys, and employees of any of the foregoing, representatives from any and all actions, causes of action, claims, demands debts, demands, liabilities, obligations, and suits, of whatever kind or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now that it has or has made claim in the future may have, whether known or unknown, with respect to have against any the Loan and the Loan Documents or the actions or omissions of Lender in respect thereof to the extent such person for claims, counterclaims, defenses or by reason of any act, omission, matter, cause or thing whatsoever arising offsets arose from the beginning of time events occurring prior to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownAgreement. It is the intention of the Company and Guarantor in executing this release Borrower that the same above release shall be effective as a bar to full and final release of each and every claim, demand matter specifically and cause generally referred to in this paragraph. Borrower acknowledges and represents that it has been advised by independent legal counsel with respect to the agreements contained herein and with respect to the provisions of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaSection 1542, which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each Borrower, being aware of said code section, expressly waives any and all rights it may hereafter discover facts different from have thereunder, as well as under any other statute or in addition to those now known or believed to be true common law principle of similar effect, with respect to any of the matters released herein. The Agreement shall act as a release of all included claims, rights and causes of action, whether such claims are currently known, unknown, foreseen or unforeseen and regardless of any present lack of knowledge as to such claims. Borrower understands and acknowledges the significance and consequence of this waiver of California Civil Code Section 1542, demandsand hereby assumes full responsibility for any injuries, damages, losses or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsliabilities released herein.

Appears in 4 contracts

Samples: Credit Agreement, Line of Credit Agreement (William Lyon Homes), Line of Credit Agreement (William Lyon Homes)

Release. Company and each of the Guarantor Persons signing the Acknowledgment Acknowledgement and Agreement of Guarantor Guarantors and Pledgors (such Persons, the “Guarantors”) set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or descriptiondescription relating to the Credit Agreement, other Loan Documents, or related transactions, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or any Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor the Guarantors in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and each Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 4 contracts

Samples: Credit and Security Agreement (Physicians Formula Holdings, Inc.), Credit and Security Agreement (Physicians Formula Holdings, Inc.), Credit and Security Agreement (Physicians Formula Holdings, Inc.)

Release. Company From and after the Effective Time, the Stockholder finally and forever releases Purchaser and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoCompany, and any and all participantstheir respective successors, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsassigns, officers, agentsdirectors, attorneysservants, employees and employees all affiliates and Subsidiaries, past and present, of Purchaser and the Company (the “Releasees”) from each and every agreement, commitment, indebtedness, obligation and claim of every nature and kind whatsoever, known or unknown, suspected or unsuspected (each, a “Claim” and collectively, the “Claims”) that (A) Stockholder may have had in the past, may have as of the date hereof or, to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the date hereof, may have after the date hereof against any of the foregoing, from any Releasees and all claims, demands (B) has arisen or causes arises directly out of action Stockholder’s interest as a stockholder of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which the Company or Guarantor has had, now has or has made claim any of its Subsidiaries; except with respect to have against (i) any such person for or Claims as are contemplated by reason this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby and (ii) any agreement, commitment, indebtedness, obligation and claim of any actevery nature and kind whatsoever, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, suspected or unsuspected claim that has arisen or arises directly from an obligation on behalf of the Company or any of its Subsidiaries to indemnify or hold harmless the Stockholder (all such Claims being the “Released Claims”). It Without limiting the provisions set forth above, the Stockholder acknowledges that it has been advised by legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Pursuant to this statute, as well as any other statutes or common-law principles, whether of federal or state origin, of similar effect, the Stockholder expressly waives any rights with respect to any of the Released Claims, which the Stockholder may have. In connection with such waivers, the Stockholder acknowledges that it is aware that it may later discover claims presently unknown or unsuspected, or facts in addition to or different from those which it now knows or believes to be true, with respect to the matters released hereby. Nevertheless, it is the intention of the Company Stockholder through this release, fully, finally and Guarantor in executing this forever to settle and release all such claims and/or facts. The parties hereto intend that the same shall provisions regarding the Released Claims be effective construed as a bar to each broadly as possible, and every claimincorporate herein similar federal, demand and cause state or other laws, all of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiawhich, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claimsthe Released Claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsare similarly waived by the Stockholder.

Appears in 4 contracts

Samples: Stockholders’ Agreement (Meggitt USA Inc), Stockholders’ Agreement (Meggitt USA Inc), Stockholders’ Agreement (K&f Industries Inc)

Release. Company Borrower, Parent and the each Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges each member of the Lender Group, each of their respective Affiliates, and any and all participantseach of their respective officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysemployees, and employees of any of agents (collectively, the foregoing“Releasees”), from any and all claims, demands or demands, obligations, liabilities, causes of action action, damages, losses, costs and expenses of any kindkind or character, nature known or descriptionunknown, whether arising in law past or equity present, liquidated or upon contract unliquidated, suspected or tort or under any state or federal law or otherwiseunsuspected, which Company Borrower, Parent or any Guarantor has ever had, now has or has made claim to might hereafter have against any such person for Releasee which relates, directly or by reason indirectly, to the Loan Agreement or any other Loan Document, or to any acts or omissions of any actsuch Releasee with respect to the Loan Agreement or any other Loan Document, omissionor to the lender-borrower relationship evidenced by the Loan Documents, matterin each case, cause or thing whatsoever arising from the beginning of time with respect to and including all periods through the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownhereof. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar As to each and every claimclaim released hereunder, demand Borrower, Parent and cause each Guarantor hereby represents that it has received the advice of action specified legal counsel with regard to the releases contained herein, and in furtherance having been so advised, Borrower, Parent and each Guarantor specifically waives the benefit of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under provisions of Section 1542 of the Civil Code of the State of California, California which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HIM, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that As to each may hereafter discover facts different from and every claim released hereunder, Borrower, Parent and each Guarantor also waives the benefit of each other similar provision of applicable federal or in addition state law, if any, pertaining to those now known or believed to be true general releases after having been advised by its legal counsel with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthereto.

Appears in 4 contracts

Samples: Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc)

Release. Company In exchange for the payments and the Guarantor signing the Acknowledgment benefits to Employee described in this Agreement, as well as any and Agreement of Guarantor set forth below hereby absolutely all other mutual promises made in this Agreement, Employee, and unconditionally his/her personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, legatees, and assigns agree to release and forever discharge Xxxxx Fargothe Corporation, the Company, the Group and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorseach Group Member their employees, officers, directors, agents, attorneys, successors and employees of any of the foregoingassigns, from any and all claims, demands or suits and/or causes of action that grow out of or are in any way related to, his/her recruitment to or his/her employment with any group Member, except Employee does not release and discharge the Corporation or any other Group Member for any claim that the Corporation or any Group Member has breached this Agreement. This release includes, but is not limited to, any claims that the Corporation, the Company or any Group Member violated the Employee Retirement and Income Security Act, the Age Discrimination in Employment Act, the Older Worker's Benefit Protection Act, the Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964, the Family and Medical Leave Act, any law prohibiting discrimination, harassment, or retaliation in employment, any claim of promissory estoppel or detrimental reliance, defamation, intentional infliction of emotional distress, the public policy of any kindstate, nature or descriptionany federal, whether arising state, or local law. Employee agrees, upon receipt of the payment provided under this Agreement, to reaffirm and execute this release in law writing. If Employee fails to reaffirm and execute this release within 30 days of the Date of Termination, Employee agrees that the payments otherwise due under this Agreement will not be due or equity payable. Specifically, Employee agrees that a necessary condition for the payment of any of the amounts described in this Agreement (except termination because of death) is Employee's reaffirmation of this release within 30 days of the Date of Termination. Employee agrees that the Employee is knowledgeable about the claims that might arise in the course of employment with the Employer and all Group Members, and that the Employee knowingly agrees that the payments provided for in this Agreement are satisfactory consideration for the release of such possible claims. Employee is advised to consult with an attorney before signing this Agreement. Employee agrees that given 21 days has been given in which to consider this release. Employee may revoke his/her consent to this Agreement by delivering a written notice (which may be given only by certified or upon contract registered letter deposited with the U. S. Postal Service, postage paid) of such revocation within seven days of signing this Agreement. Should Employee revoke this Agreement, it shall become null and void and Employee must return any amount received under it. No provision of this Agreement may be modified or tort waived except in a document signed by the Parties. This Agreement constitutes the entire agreement between the parties regarding to the subject matter of this agreement, and any other agreements relating to the subject of this agreement are terminated and of no further force or under any state legal effect. No agreements or federal law representations, oral or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, the subject matter of this agreement have been made or causes of action and agree that relied upon by either party which are not set forth expressly in this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsAgreement.

Appears in 3 contracts

Samples: Ohio Casualty (Ohio Casualty Corp), Change in Control Agreement (Ohio Casualty Corp), Change in Control Agreement (Ohio Casualty Corp)

Release. Company In consideration of the severance benefits offered to me by MeadWestvaco Corporation (the “Company”) under the Employment Agreement dated as of January 29, 2004, (the “Agreement”) and other consideration, I on behalf of myself, and on behalf of my heirs, administrators, representatives, successors, and assigns (the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below “Releasors”), hereby absolutely and unconditionally release acquit and forever discharge Xxxxx Fargothe Company, all of its past, present and any future subsidiaries and affiliates and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneystrustees, partners, shareholders, consultants, independent contractors and representatives, all of their respective heirs, successors, and employees of any of assigns and all persons acting by, through, under or in concert with them (the foregoing, “Releasees”) from any and all claims, demands or charges, complaints, obligations, promises, agreements, controversies, damages, remedies, demands, actions, causes of action action, suits, rights, costs, debts, expenses and liabilities that the Releasors might otherwise have asserted arising out of my employment with the Company and its subsidiaries and affiliates, including the termination of that employment. However, the Releasors are not releasing any kindrights under (i) any qualified employee retirement plan, nature (ii) any claim for compensation and benefits to be provided to me under the Agreement, (ii) any claim for vested benefits or descriptionbenefits that I am otherwise entitled to receive under any plan, whether arising policy, practice or program of or any contract or agreement with the Company or any of the Affiliated Companies at or subsequent to the Date of Termination, (iii) any claim related to my indemnification as an officer, director and employee of the Affiliated Companies under the Company’s Certificate of Incorporation or By-Laws, or (iv) any rights or claims that may arise after the date on which I sign this release (the “Release”). Those rights shall survive unaffected by this Release. I understand that, as a consequence of my signing this Release, I am giving up, any and all rights I might otherwise have with respect to my employment and the termination of that employment including but not limited to rights under (1) the Age Discrimination in law Employment Act of 1967, as amended; (2) any and all other federal, state, or equity municipal laws prohibiting discrimination in employment on the basis of sex, race, national origin, religion, age, handicap, or upon other invidious factor, or retaliation; and (3) any and all theories of contract or tort law related to my employment or under any state or federal termination thereof, whether based on common law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties I acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 3 contracts

Samples: Employment Agreement (Meadwestvaco Corp), Employment Agreement (Meadwestvaco Corp), Employment Agreement (Meadwestvaco Corp)

Release. The Separation Benefits will only be due and payable if, within twenty-one days of the Separation Date, You deliver to the Company and do not revoke the Guarantor signing executed general release of claims in the Acknowledgment form attached on Exhibit A hereto (the “Release”). Contingent upon Your execution and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all non-revocation of the present Release: (A) the Company, on its own behalf and former directorson behalf of parents, subsidiaries, officers, shareholders, partners, members, individual employees, agents, representatives, directors, employees, attorneys, successors, and employees of any of anyone acting on its behalf in their capacity as such (collectively, the foregoing“Company Releasors”), hereby releases You from any all claims and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any actinjuries and/or damages or losses, omissionknown or unknown, matterforeseen or unforeseen, cause patent or thing whatsoever latent which the Company Releasors have sustained or which may be sustained as a result of any facts and circumstances arising from out of or in any way related to Your employment by the beginning of time Company, and to any other disputes, claims, disagreements, or controversies between You and the Company up to and including the date this Agreement is signed by the Company; provided that the Company Releasors are not releasing claims related to (i) fraud embezzlement or criminal misconduct by You, (ii) material breaches of this AmendmentYour fiduciary duties to the Company, whether or (iii) material claims that cause material damage to the Company Releasors of which the Company’s Board of Directors (the “Board”) is unaware on the date hereof and (B) the Company will direct its current members of the Board and executive officers to not disparage or speak ill of You; provided that nothing herein shall prohibit or limit such claims, demands and causes of action are matured persons from providing truthful statements or unmatured information required by law or known or unknownin response to requests from regulatory agencies. It is the intention of the Company and Guarantor in executing that this Release is a general release that the same which shall be effective as a bar to each and every claim, demand and demand, or cause of action specified it releases. The Company recognizes that the Company may have some claim, demand, or cause of action against You of which the Company is totally unaware and in furtherance unsuspecting which the Company is giving up by execution of this Release. It is the intention of the Company and Guarantor in executing this Release that, to the extent set forth herein, it will deprive the Company of each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiasuch claim, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from demand or in addition to those now known or believed to be true with respect to such claims, demands, or causes cause of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsprevent the Company from asserting it against the released parties.

Appears in 3 contracts

Samples: Separation and General Release Agreement (Bonanza Creek Energy, Inc.), Separation and General Release Agreement (Bonanza Creek Energy, Inc.), Form of Separation and General Release Agreement (Bonanza Creek Energy, Inc.)

Release. Company To the extent permitted by applicable law, each Borrower and the each Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges each member of the Lender Group, each of their respective Affiliates, and any and all participantseach of their respective officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysemployees, and employees of any of agents (collectively, the foregoing"Released Parties"), from any and all claims, demands or demands, obligations, liabilities, causes of action action, damages, losses, costs and expenses of any kindkind or character, nature known or descriptionunknown, whether arising in law past or equity present, liquidated or upon contract unliquidated, suspected or tort or under any state or federal law or otherwiseunsuspected, which Company any Borrower or any Guarantor has ever had, now has or has made claim to might hereafter have against any such person for Released Party which relates, directly or by reason indirectly, to the Loan Agreement or any other Loan Document, or to any acts or omissions of any actsuch Release with respect to the Loan Agreement or any other Loan Document, omission, matter, cause or thing whatsoever arising from to the beginning of time to and including lender-borrower relationship evidenced by the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownLoan Documents. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar As to each and every claimclaim released hereunder, demand each Borrower and cause each Guarantor hereby represents that it has received the advice of action specified legal counsel with regard to the releases contained herein, and in furtherance having been so advised, each Borrower specifically waives, to the extent permitted by applicable law, the benefit of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under provisions of Section 1542 of the Civil Code of the State of California, California which providesprovides as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HIM, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that " As to each may hereafter discover facts different from and every claim released hereunder, each Borrower and each Guarantor also waives the benefit of each other similar provision of applicable federal or in addition state law, if any, pertaining to those now known or believed to be true general releases after having been advised by its legal counsel with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthereto.

Appears in 3 contracts

Samples: Loan and Security Agreement (Poster Financial Group Inc), Loan and Security Agreement (Poster Financial Group Inc), Loan and Security Agreement (Poster Financial Group Inc)

Release. Company This agreement is a settlement and release of all claims and damages asserted by Plaintiffs in their individual and class representative capacities against the Missoula County High School District, the Whitehall High School District, and the Guarantor signing the Acknowledgment Columbia Falls School District, OPI, and Agreement of Guarantor MHSA. Although Plaintiffs have asserted a claim for monetary damages, this settlement agreement offers in exchange for a dismissal as set forth below hereafter, no payment of compensation, or any promise to make any payment for any damages, claimed or allegedly suffered by any of the Plaintiffs. The consideration for the release hereafter set forth in this agreement is the actions and decisions of the parties set forth herein, which all parties recognize must be carried forward in good faith; that the present agreement will become a part of a judgment or dismissal of this action and enforceable through the exercise of appropriate legal and equity powers of the United States District Court in the event of its breach; and that future sex equity issues may be referred to either or both the grievance procedure of OPI and the eligibility determination of MHSA, and, thereafter, court review as appropriate, or may be resolved through exercise of other available legal or equitable remedies. Plaintiffs, in their individual and class representative capacities, do hereby absolutely release, acquit, and unconditionally release discharge, and by these presents do release, acquit, and forever discharge Xxxxx Fargodischarge, Missoula County High School District, Whitehall High School District, Columbia Falls High School District, MHSA, and OPI, of and from any and all participantsliability, parent corporationscauses of action, subsidiary corporationscosts, affiliated corporationscharges, insurersclaims or demands, indemnitorsof whatever name or nature, successors and assigns thereof, together with all in any manner arising out of or growing out of the present above- described litigation, except as otherwise more fully set forth in the terms and former directorscontext of this release. Plaintiffs have executed this agreement for themselves, officersin their individual and representative capacities, agentsupon advice of counsel, attorneysreleasing any and all claims they have or may have; and the execution of this instrument is made in reliance upon the advice of their counsel and not upon the advice of any representative, and employees attorney, or other agent acting for or on behalf of any of the foregoingother parties hereby released. In making this release and agreement, from any it is understood that Plaintiffs, in their individual and representative capacities, do rely upon their own judgement, belief, and knowledge of the nature, extent, and duration of the injuries and damages claimed to have been suffered. Plaintiffs further acknowledge that this is a complete release of all claims, demands either in tort, in contract, or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwiseat all, which Company or Guarantor has had, now has or has made claim to may have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from existed in the beginning of time to past and including which do not continue after the date of this Amendmentagreement except as hereinafter provided; and that no promise, whether representation, or other assurance has been made by any person with respect to any further or future payment for costs or damages except as hereinafter referred to; and that the agreements hereinafter made by the parties hereby released shall not be construed as an admission of liability on the part of any such claimsparties because said persons and corporations expressly deny such liability. Finally, demands and causes Plaintiffs acknowledge, on advice of action are matured or unmatured or known or unknown. It counsel, that this agreement is the intention entire, sole, and only agreement pertaining to the subject and things referred to herein and there are no other independent, collateral, or additional agreements or obligations to be performed or things to be done except as set forth and described by the terms of this agreement. This agreement is not to be construed as any confession by any of the Company litigation Defendants or admission by OPI that OPI has direct and Guarantor in executing this release specific jurisdiction over extracurricular athletic activities except as otherwise provided herein; that the same shall be effective as acceptance of federal monies by a bar school district subjects the school district to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 federal or state regulation or control over any aspects of the Civil Code of educational program offered by the school district which does not receive direct federal funds; that the State of CaliforniaMontana or OPI has any control, directly or indirectly, over MHSA; that MHSA is a state agency or subject to any portion of the Montana Administrative Procedure Act, 2-4-1-1 et seq., MCA; or that any Plaintiff has ever experienced an act or omission which constituted sex discrimination of any form or nature while such Plaintiffs were enrolled students of the individual school districts names as parties herein, regardless of whether the discrimination is alleged to have resulted as a consequence of acts or omissions of the school district, OPI, MHSA, jointly, individually, or at all. The parties agree that the litigation filed shall contemporaneously be dismissed without prejudice pursuant to a stipulation between the parties and an order of the United States District Court incorporating this agreement as an exhibit to the underlying stipulation for dismissal, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEagreement the parties stipulate may be enforced, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The in the event of breach, as though the agreement were a final judgment of the United States District Court, so that in the event one or more of the parties acknowledge hereafter concludes that each may hereafter discover facts different from other parties to this agreement are not performing acts required by this agreement or are performing acts prohibited by this agreement, that the equity powers of the United States District Court can be utilized, in conjunction with or in addition to those now known any and all other remedies created or believed existing either pursuant to be true with respect this agreement or pursuant to such claims, demands, applicable state or causes of action and federal law. The parties further agree that the court shall retain continuing jurisdiction to enforce this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factssettlement agreement even though the Complaint is being dismissed.

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Borrower hereby absolutely and unconditionally release releases, remises, acquits and forever discharge Xxxxx Fargodischarges Lender and its employees, agents, representatives, consultants, attorneys, fiduciaries, officers, directors, partners, predecessors, successors and any and all participantsassigns, subsidiary corporations, parent corporations, subsidiary corporationsand related corporate divisions (collectively, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing“Released Parties”), from any and all actions and causes of action, judgments, executions, suits, debts, claims, demands or causes of action demands, liabilities, obligations, damages and expenses of any kindand every character, nature known or descriptionunknown, whether arising in direct and/or indirect, at law or equity in equity, of whatsoever kind or upon contract or tort or under any state or federal law or otherwisenature, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason because of any actmatter or things done, omission, matter, cause omitted or thing whatsoever arising from suffered to be done by any of the beginning of time Released Parties prior to and including the date of delivery hereof, and in any way directly or indirectly arising out of or in any way connected to the Credit Agreement (collectively, the “Released Matters”). Borrower acknowledges that the agreements in this AmendmentSection are intended to be in full satisfaction of all or any alleged injuries or damages arising in connection with the Released Matters. Without limiting the generality of the foregoing, whether such claimsBorrower hereby waives the provisions of any statute that prevents a general release from extending to claims unknown by the releasing party, demands including Section 1542 of the California Civil Code which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. By entering into this release, Borrower recognizes that no facts or representations are ever absolutely certain and causes of action are matured Borrower may hereafter discover facts in addition to or unmatured different from those which Borrower presently knows or known or unknown. It believes to be true, but that it is the intention of the Company Borrower to hereby fully, finally and Guarantor forever settle and release all matters, disputes and differences, known or unknown, suspected or unsuspected; accordingly, if Borrower should subsequently discover that any fact that Borrower relied upon in executing delivering this release was untrue, or that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 any understanding of the Civil Code facts was incorrect, Borrower shall not be entitled to set aside this release by reason thereof, regardless of the State any claim of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge mistake of fact or law or any other circumstances whatsoever. Borrower acknowledges that each may hereafter discover facts different from Borrower is not relying upon and has not relied upon any representation or in addition to those now known or believed to be true statement made by Lender with respect to such claimsthe facts underlying this release or with regard to Borrower’s rights or asserted rights. This release may be pleaded as a full and complete defense and/ or as a cross-complaint or counterclaim against any action, demandssuit, or causes other proceeding that may be instituted, prosecuted or attempted in breach of action this release. Borrower acknowledges that the release contained herein constitutes a material inducement to Lender to enter into this Amendment and agree that this instrument shall be Lender would not have done so but for Lender’s expectation that such release is valid and remain effective enforceable in all respects notwithstanding any such differences or additional factsevents.

Appears in 3 contracts

Samples: Credit Loan Agreement (Maui Land & Pineapple Co Inc), Credit Loan Agreement (Maui Land & Pineapple Co Inc), Credit Loan Agreement (Maui Land & Pineapple Co Inc)

Release. Company Each of Existing Borrower and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below New Borrower hereby absolutely and unconditionally release remises, releases, acquits, satisfies and forever discharge Xxxxx Fargodischarges the Lenders and Collateral Agent, and any and all participantstheir agents, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsemployees, officers, agentsdirectors, attorneyspredecessors, attorneys and employees all others acting or purporting to act on behalf of any or at the direction of the foregoingLenders and Collateral Agent (“Releasees”), of and from any and all claimsmanner of actions, demands or causes of action of any kindaction, nature or descriptionsuit, whether arising debts, accounts, covenants, contracts, controversies, agreements, variances, damages, judgments, claims and demands whatsoever, in law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has any of such parties ever had, now has or, to the extent arising from or has made claim in connection with any act, omission or state of facts taken or existing on or prior to the date hereof, may have after the date hereof against any such person for the Releasees, for, upon or by reason of any act, omission, matter, cause or thing whatsoever relating to or arising from out of the beginning Loan Agreement or the other Loan Documents on or prior to the date hereof and through the date hereof. Without limiting the generality of time the foregoing, each of Existing Borrower and New Borrower waives and affirmatively agrees not to and allege or otherwise pursue any defenses, affirmative defenses, counterclaims, claims, causes of action, setoffs or other rights they do, shall or may have as of the date hereof, including the date rights to contest: (a) the right of Collateral Agent and each Lender to exercise its rights and remedies described in the Loan Documents; (b) any provision of this Amendment, whether such claims, demands and causes of action are matured Amendment or unmatured the Loan Documents; or known or unknown. It is the intention (c) any conduct of the Company and Guarantor in executing this release that the same shall be effective as a bar Lenders or other Releasees relating to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 or arising out of the Civil Code of Loan Agreement or the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORother Loan Documents on or prior to the date hereof.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 3 contracts

Samples: Loan and Security Agreement (PROCEPT BioRobotics Corp), Loan and Security Agreement (PROCEPT BioRobotics Corp), Consent And (RxSight, Inc.)

Release. In order to induce the Noteholders to enter into this Waiver and Amendment, the Company acknowledges and agrees that: (a) neither the Company nor any of its Subsidiaries has any claim or cause of action against any of the Noteholders or any of their respective directors, trustees, officers, employees or agents (collectively, the "Released Parties") relating to or arising out of the Note Purchase Agreement or Notes or any of the transactions related thereto; (b) neither the Company nor any of its Subsidiaries has any offset right, right of recoupment, counterclaim or defense of any kind against any of their respective obligations, indebtedness or liabilities to any of the Released Parties; and (c) each of the Released Parties has heretofore properly performed and satisfied in a timely manner all of its obligations to the Company and its Subsidiaries under the Guarantor signing Note Purchase Agreement. Notwithstanding this representation and as further consideration for the Acknowledgment agreements and Agreement understandings herein, the Company, on behalf of Guarantor set forth below hereby absolutely itself and unconditionally release and forever discharge Xxxxx Fargoits employees, and any and all participantsagents, parent corporationsexecutors, subsidiary corporations, affiliated corporations, insurers, indemnitorsheirs, successors and assigns thereof(the "Releasing Parties"), together with all of hereby releases the present and former Noteholders, its respective predecessors, officers, directors, officerstrustees, employees, agents, attorneys, affiliates, subsidiaries, successors and employees assigns, from any liability, claim, right or cause of action which now exists or hereafter arises as a result of acts, omissions or events occurring on or prior to the date hereof, whether known or unknown, including but not limited to claims arising from or in any way related to the Note Purchase Agreement or Notes or any of the foregoingtransactions relating thereto. No Released Party shall be liable with respect to, from and the Company hereby waives, releases and agrees not to sue for, any special, indirect or consequential damages relating to xxe Note Purchase Agreement and all claimsthe Notes or arising out of its activities in connection herewith or therewith (whether before, demands on or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including after the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORhereof).” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 3 contracts

Samples: Note Purchase (Invacare Corp), Note Purchase (Invacare Corp), Note Purchase (Invacare Corp)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below I, Xxxx X. Xxxxx, do hereby absolutely and unconditionally release and forever discharge Xxxxx FargoHealthier Choices Management Corp. and each of its parent companies, and any and all participantssubsidiaries, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all each of the present respective direct and former directors, officers, agents, attorneys, and employees indirect equity owners of any of the foregoing, each of the respective Affiliates of any of the foregoing, and each of the respective officers, directors, members, managers, partners, equity owners, employees, representatives and agents of any of the foregoing (collectively, the “Employer Affiliates”, and each an “Employer Affiliate”) from any and all claims, demands or causes of action of any kindliabilities whatsoever, nature known or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisesuspected to exist by me, which Company I ever had or Guarantor has had, may now has or has made claim to have against any such person for or by reason of any actEmployer Affiliate, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this AmendmentEffective Date (as defined below), whether such including, without limitation, any claims, demands or liabilities in connection with my employment, including wrongful termination, constructive discharge, breach of express or implied contract, unpaid wages, benefits, attorneys’ fees or pursuant to any federal, state, or local employment laws, regulations, or executive orders prohibiting inter alia, age, race, color, sex, national origin, religion, handicap, veteran status, and causes of action are matured or unmatured or known or unknown. It is disability discrimination, including, without limitation, the intention of the Company and Guarantor Age Discrimination in executing this release that the same shall be effective as a bar to each and every claimEmployment Act, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 Title VII of the Civil Code Rights Act of 1964, as amended by the State Civil Rights Act of California1991, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEthe Civil Rights Act of 1866, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act of 1990, and any similar state statute or any state statute relating to employee benefits or pensions but specifically excluding claims, demands or liabilities related to my ownership of equity in Holdings or for indemnification in connection with my service as a director or officer of Company or any of its Affiliates. I fully understand that each may hereafter discover facts different from or in addition to those now known or believed to be true if any fact with respect to which this Release is executed is found hereafter to be other than or different from the facts believed by me to be true, I expressly accept and assume the risk of such claims, demands, or causes of action possible difference in fact and agree that this instrument the release set forth herein shall be and remain effective notwithstanding such difference in all respects notwithstanding fact. I acknowledge and agree that no consideration other than as provided for by the Amended and Restated Employment Agreement has been or will be paid or furnished by any such differences or additional factsEmployer Affiliate.

Appears in 2 contracts

Samples: Employment Agreement (Healthier Choices Management Corp.), Employment Agreement (Healthier Choices Management Corp.)

Release. Company Upon payment in full of the Indebtedness or the satisfaction by Guarantors of their obligations hereunder and any Loan Documents executed by any of the Guarantor signing Guarantors pursuant to the Acknowledgment and Credit Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargothereto, and when Guarantors are no longer subject to any and all participantsobligation hereunder or thereunder, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all the Agent shall deliver to each of the present Guarantors, upon written request therefor, (i) a written release of this Guaranty and former directors(ii) appropriate discharges of any Collateral provided by such Guarantor for this Guaranty; provided however that the effectiveness of this Guaranty and such Collateral shall continue or be reinstated, officersas the case may be, agentsin the event: (x) that any payment received or credit given by the Agent or the Banks, attorneysor any of them, is returned, disgorged, rescinded or required to be recontributed to any Person as an avoidable preference, impermissible setoff, fraudulent conveyance, restoration of capital or otherwise under any applicable state, federal or national law of any jurisdiction, including without limitation laws pertaining to bankruptcy or insolvency, and employees this Guaranty shall thereafter be enforceable against each of the Guarantors as if such returned, disgorged, recontributed or rescinded payment or credit had not been received or given by the Agent or the Banks, and whether or not the Agent or any Bank relied upon such payment or credit or changed its position as a consequence thereof or (y) that any liability is imposed, or sought to be imposed against the Agent or the Banks, or any of them, relating to the environmental condition of any of property mortgaged or pledged to Agent on behalf of the foregoingBanks by any of the Guarantors, from Borrower, or any and all claims, demands other party as collateral (in whole or causes of action of part) for any kind, nature indebtedness or description, whether arising in law obligation evidenced or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or secured by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this AmendmentGuaranty, whether such claimscondition, demands and causes of action are matured claim or unmatured or matter is known or unknown. It is the intention , now exists or subsequently arises (excluding only conditions which arise from and after acquisition by Agent or any Bank of any such property, in lieu of foreclosure or otherwise and not caused by Borrower, any of its Subsidiaries or any of their agents, employees or representatives) in which event this Guaranty shall thereafter be enforceable against each of the Company Guarantors to the extent of all liabilities, and Guarantor in executing this release that all reasonable costs and expenses (including reasonable attorneys fees) incurred by Agent or Banks as the same shall be effective as a bar to each and every claim, demand and cause direct or indirect result of action specified and in furtherance any such environmental condition. For purposes of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaGuaranty “environmental condition” includes, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEwithout limitation, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true conditions existing with respect to such claimsthe surface or ground water, demandsdrinking water supply, land surface or causes of action subsurface strata and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthe ambient air.

Appears in 2 contracts

Samples: Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Guaranty (Quantum Fuel Systems Technologies Worldwide Inc)

Release. Company Except for the Surviving Obligations, the undersigned (and the Guarantor signing ------- individuals executing on behalf of the Acknowledgment undersigned in their individual capacities) do hereby release, discharge and Agreement of Guarantor set forth below hereby absolutely acquit each other, their past, present and unconditionally release future officers, employees, directors, principals, agents, partners, shareholders, attorneys, successors and forever discharge Xxxxx Fargoassigns, and any and all participantsaffiliated entity or other entity owned or controlled by one or more of them, parent corporationsfrom any claim asserted or which may have been asserted in connection with any rights, subsidiary corporationsobligations, affiliated corporationsrepresentations, insurerswarranties or covenants, indemnitors, successors and assigns or breaches thereof, together with all of contained in, arising from or conferred under the present and former directorsLease, officers, agents, attorneysother than the Surviving Obligations, and employees of any of the foregoing, from any and all claims, demands or demands, remedies, causes of action action, debts, liabilities and losses of any kind, nature every kind or descriptionnature, whether arising in law at this time known or equity unknown, anticipated or upon contract unforeseen, direct or tort indirect, fixed or under any state contingent, whether presently or federal law or otherwisehereafter disclosed, which Company or Guarantor has the parties to this Agreement, and their respective successors and assigns, ever had, now has have or has made claim to hereafter may have against any such person for or by reason of any actthe Lease, omissionthe landlord-tenant relationship created thereby, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention occupancy of the Company and Guarantor Premises under the Lease, except that nothing herein shall in executing this release that any way limit or prejudice the same shall be effective as a bar to each and every claim, demand and cause rights of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 either of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claimsthe Surviving Obligations, demandsthe exercise and enforcement to the fullest extent of the rights granted under this Agreement, or causes the pursuit of action any claim by Tenant under that certain Agreement to Purchase Buildings dated September __, 2001, between Landlord and agree that this instrument shall be Tenant (the "Purchase Agreement") or reserved by Tenant under Section 15.15 of the Purchase Agreement. Landlord and remain effective Tenant hereby waive the protection of California Civil Code Section 1542, which reads as follows: A general release does not extend to claims which the creditor does not know or suspect to exist in all respects notwithstanding any such differences or additional factshis favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.

Appears in 2 contracts

Samples: Lease Termination Agreement (Verisign Inc/Ca), Option Agreement (Verisign Inc/Ca)

Release. Company The Borrower and each Guarantor hereby, for itself, its successors, heirs, executors, administrators and assigns (each a “Releasing Party” and collectively, the “Releasing Parties”), releases, acquits and forever discharges the Agent and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoLenders, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneys, affiliates, successors, administrators and employees assigns (“Released Parties”) of any of the foregoing, and from any and all claims, demands or actions, causes of action action, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever which any kindReleasing Party might have because of anything done, nature omitted to be done, or description, whether arising allowed to be done by any of the Released Parties and in law any way connected with this Amendment or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason the other Loan Documents as of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of execution of this Amendment, whether such claimsWHETHER KNOWN OR UNKNOWN, demands FORESEEN OR UNFORESEEN, including, without limitation, any specific claim raised by any Releasing Party, any settlement negotiations and causes any damages and the consequences thereof resulting or to result from the events described, referred to or inferred hereinabove (“Released Matters”). Releasing Parties each further agree never to commence, aid or participate in (except to the extent required by order or legal process issued by a court or governmental agency of competent jurisdiction) any legal action are matured or unmatured other proceeding based in whole or known or unknownin part upon the foregoing. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in In furtherance of this intention general release, Releasing Parties each acknowledges and waives the Company and Guarantor each waives and relinquishes all rights and benefits under of California Civil Code Section 1542 (and all similar ordinances and statutory, regulatory, or judicially created laws or rules of the Civil Code of the State of Californiaany other jurisdiction), which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge . Each Releasing Party agrees that each may hereafter discover facts different from or this waiver and release is an essential and material term of this Amendment and that the agreements in addition to those now known or believed this paragraph are intended to be true in full satisfaction of any alleged injuries or damages in connection with respect the Released Matters. Each Releasing Party represents and warrants that it has not purported to such claimsconvey, demandstransfer or assign any right, title or interest in any Released Matter to any other person or entity and that the foregoing constitutes a full and complete release of the Released Matters. Each Releasing Party also understands that this release shall apply to all unknown or unanticipated results of the transactions and occurrences described above, as well as those known and anticipated. Each Releasing Party has consulted with legal counsel prior to signing this release, or causes had an opportunity to obtain such counsel and knowingly chose not to do so, and executes such release voluntarily, with the intention of action fully and agree that this instrument shall be and remain effective in finally extinguishing all respects notwithstanding any such differences or additional factsReleased Matters.

Appears in 2 contracts

Samples: Credit Agreement (Sunpower Corp), Credit Agreement (Sunpower Corp)

Release. Company (a) Effective as of the Closing Date, except with respect to ordinary course trade payables and accrued royalties existing as of the Guarantor signing Closing Date and owed to Purchaser or its Affiliates irrespective of the Acknowledgment transactions contemplated by this Agreement, if any, Purchaser, on behalf of itself, Holdings and Agreement their Subsidiaries, and each of Guarantor set forth below the Conveyed Companies (the “Purchaser Releasors”), hereby absolutely and unconditionally release releases, acquits and forever discharge Xxxxx Fargodischarges, to the fullest extent permitted by Law, each of Seller, the stockholders of Seller and each of their respective past, present or future officers, managers, directors, stockholders, partners, members, Affiliates, employees, counsel and agents (each, a “Seller Releasee”) of, from and against any and all participantsactions, parent corporationscauses of action, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes demands, damages, judgments, debts, dues and suits of action of any every kind, nature or descriptionand description whatsoever, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has such Purchaser Releasor ever had, now has or has made claim to may in the future have against any such person for on or by reason of any act, omission, matter, cause or thing whatsoever arising from related to the beginning of time Business, the Purchased Assets, Assumed Liabilities or Conveyed Companies prior to the Closing Date (other than any Assumed Intercompany Payables or Assumed Intercompany Receivables) but only to the extent that such cause, matter or thing does not otherwise constitute fraud. Each Purchaser Releasor covenants and including the date of this Amendmentagrees not to, whether such claimsnor shall any Purchaser Releasor cause its respective Subsidiaries to, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORassert any claim released hereby against any Seller Releasee.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (TE Connectivity Ltd.), Stock and Asset Purchase Agreement (CommScope Holding Company, Inc.)

Release. By its execution of this Limited Guaranty, the Company hereby covenants and agrees that (i) neither the Company nor any Company Related Party has or shall have any right of recovery against Limited Guarantor signing or any Parent Related Party (other than Parent and MergerSub) under the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoMerger Agreement, or the transactions contemplated thereby or otherwise relating thereto, and to the extent that it has or obtains any such right it, to the maximum extent permitted by Applicable Law, hereby waives (on its own behalf and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all on behalf of each of the present aforementioned persons) each and former directors, officers, agents, attorneysevery such right against, and employees of hereby releases, Limited Guarantor and each Parent Related Party (other than Parent and MergerSub) from and with respect to any claim, known or unknown, now existing or hereafter arising, in connection with any transaction contemplated by or otherwise relating to the Merger Agreement or the transactions contemplated thereby or hereby, whether by or through attempted piercing of the foregoingcorporate (limited partnership or limited liability company) veil, from by or through a claim by or on behalf of Parent, MergerSub or any other person against any Parent Related Party (other than Parent and all claims, demands MergerSub) or causes otherwise under any theory of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or (the “Released Claims”), other than Non-Prohibited Claims and claims against Parent and MergerSub under any state or federal law or otherwisethe Merger Agreement, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from shall be the beginning of time to sole and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention exclusive remedy of the Company and any Company Related Party against Limited Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true and/or any other Parent Related Party with respect to such claimsthe Released Claims. The Company hereby covenants and agrees that it shall not institute, demandsdirectly or indirectly, and shall cause its Company Related Parties not to institute, any proceeding or bring any other claim arising under, or causes in connection with, the Merger Agreement or the transactions contemplated thereby or hereby or otherwise relating hereto, against any Parent Related Party, except claims against Limited Guarantor under this Limited Guaranty (subject to the limitations contained herein) and claims for specific performance of action the Limited Guarantor under the Equity Commitment Letter solely in Limited Guarantor’s capacity as a party to the Equity Commitment Letter (subject to the terms and agree that this instrument shall be and remain effective conditions set forth therein and/or in all respects notwithstanding any such differences or additional factsthe Merger Agreement).

Appears in 2 contracts

Samples: Limited Guaranty (Goldman Sachs Group Inc), Limited Guaranty (Ebix Inc)

Release. Company In consideration of Safeco’s delivery of the Severance Payment and the Guarantor signing the Acknowledgment other consideration and Agreement of Guarantor set forth below hereby absolutely benefits provided to Employee under this Agreement, Employee releases Safeco and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporationsits subsidiaries, insurers, indemnitorsemployee benefit plans in which Employee participates, successors and assigns thereofthe employees, together with all of the present and former directorsagents, officers, agents, attorneys, directors and employees of shareholders or any of the foregoingthem (including their respective spouses and marital communities), from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or actions, causes of action action, or damages, of any kind or nature whatsoever that Employee may now have or may ever have had against any of them, whether such claims are known or unknown, and agree including but not limited to the Claims as described below. However, nothing in this Agreement will create or imply any waiver by Employee of any claims (a) with respect to Employee’s entitlement to compensation for vested benefits arising under any Safeco retirement or welfare benefit plan, program or agreement, in accordance with the terms and conditions of such plans, (b) with respect to any breach by Safeco of its obligations under this Agreement, all of which rights will be preserved and unaffected by this release, or (c) with respect to indemnification by Safeco, to the extent that this instrument shall such indemnification rights may arise or be provided under Safeco’s Articles of Incorporation or Bylaws, in connection with Employee’s official actions (or omissions) on behalf of Safeco during the period Employee served as an officer of Safeco and remain effective in all respects notwithstanding any such differences or additional factsdirector of its subsidiaries. EMPLOYEE ACKNOWLEDGES AND AGREES THAT THROUGH THIS RELEASE EMPLOYEE IS GIVING UP ALL RIGHTS AND CLAIMS OF EVERY KIND AND NATURE WHATSOEVER, KNOWN OR UNKNOWN, CONTINGENT OR LIQUIDATED, THAT EMPLOYEE MAY HAVE AGAINST SAFECO AND THE ITS SUBSIDIARIES, AND THE OTHER PERSONS REFERENCED ABOVE, EXCEPT FOR THE RIGHTS SPECIFICALLY EXCLUDED ABOVE.

Appears in 2 contracts

Samples: Separation Agreement, Separation and General Release Agreement (Safeco Corp)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and Lessee unconditionally release waives, releases, acquits and forever discharge Xxxxx Fargodischarges Lessor and its trustees, and any and all participantsofficers, parent corporationsemployees, subsidiary corporations, affiliated corporations, insurers, indemnitorsaffiliates, successors and assigns thereof(collectively, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, “Lessor Parties”) from any and all actions, omissions, losses, claims, demands or causes of action actions, demands, rights, damages, costs, expenses or compensation whatsoever, direct or indirect, known or unknown, liquidated or unliquidated, foreseen or unforeseen, which may at any time be associated with the Leasehold Interest or which Lessee may now have or which may arise in the future on account of or in any kindway related to, nature connected with or descriptionarising from any value, whether arising nature, quality, feature, characteristic, circumstance, communication, term or condition about or of the Property, the Lease, the Leasehold Interest, the terms and conditions of the Lease or the Leasehold Interest, or Lessor’s decision to offer the Amendment to its lessees, including without limitation the extension rights described in law Recital D above, the timing and the terms upon which the extension rights are offered, Lessor’s requirement that in exchange for the foregoing Lessor be granted the right of first offer described in Recital D above or equity Lessor’s decision not to offer any different benefits or terms (all of which are collectively referred to in this Release as the “Released Claims”). In connection with such release and to the extent of the Released Claims, Lessee waives any and all rights and benefits conferred upon contract it by the provisions of Section 1542 of the California Civil Code, which reads as follows: “A general release does not extend to claims which the creditor does not know or tort suspect to exist in his or under her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor,” and all rights and benefits conferred by any analogous state or federal law or otherwise, which Company regulation or Guarantor has had, now has or has made claim to have against any such person for or by reason common law principles of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORsimilar effect.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Lease Amendment, Lease Amendment

Release. Company The Borrower, for itself and on behalf of its predecessors, ------- successors and assigns (collectively, the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below "Borrower Releasors"), does hereby absolutely and unconditionally release and forever discharge Xxxxx Fargorelease, discharge, and any acquit the Bank and all participantsits past and present employees, parent corporationsagents, subsidiary corporationsofficers, affiliated corporationsdirectors, insurers, indemnitorspredecessors, successors and assigns thereofassigns, together with all (collectively, the "Bank Releasees") of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all rights, claims, demands or causes of action action, contracts, agreements, duties, demands, or liabilities whatsoever of every kind and nature, including without limitation any kindso-called "lender liability" claims or defenses, nature or description, whether arising in at law or equity in equity, known or upon contract unknown, matured or tort unmatured, foreseeable or under any state or federal law or otherwiseunforeseeable (collectively, "Claims"), which Company or Guarantor has the Borrower Releasors have, ever had, now has or has made claim may have had prior to have the Closing against any such person for or the Bank Releasees by reason of any liability, act, omission, matter, cause thing or thing whatsoever circumstance arising out of or related to the execution, administration and enforcement of the Original Loan Documents, and the assertion and treatment of the Bank's claims in the chapter 11 cases. The Borrower represents and warrants that there has been no assignment or other transfer of any interest in any Claim which it may have against any of the Bank Releasees and which was released by this Agreement, and the Borrower agrees to indemnify and hold harmless the Bank Releasees, and each of them, from any Claims, including attorneys' fees, incurred by the beginning Bank Releasees, or any of time them, as a result of any person asserting any such assignment or transfer or any rights or Claims under any such assignment or transfer. The Borrower acknowledges that there is a risk that subsequent to and including the date execution of this AmendmentAgreement, whether the Borrower will discover or suffer damage, loss or injury to persons or property which is in some way caused by or connected with the Claims, but which is unknown or unanticipated at the time of the execution of this Agreement. The Borrower does hereby specifically assume such claimsrisk and agrees that this release shall and does apply to all unknown or unanticipated Claims, demands and causes of action are matured or unmatured or as well as those currently known or unknownanticipated. It is Accordingly, the intention Borrower acknowledges that it has read the provisions of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of Californiasection 1542, which providesprovides as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge . and knowingly and expressly waives, relinquishes and forfeits all rights and benefits accorded by the provisions of California Civil Code section 1542, or any similar federal or state statutes, and furthermore waives any rights that each may hereafter discover facts different from it might have to invoke said provision now or in addition to those now known or believed to be true the future with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthe release contained herein.

Appears in 2 contracts

Samples: Credit Loan and Security Agreement (Video City Inc), Credit Loan and Security Agreement (Video City Inc)

Release. Pledgor hereby releases the LLC and the Company and the Guarantor signing the Acknowledgment their respective managers, officers, directors and Agreement of Guarantor set forth below hereby absolutely employees from any claim by Pledgor or any person claiming through Pledgor, whether sounding in tort, contract or otherwise, for any and unconditionally release all losses, liabilities, claims, damages and forever discharge Xxxxx Fargoexpenses whatsoever (including but not limited to income tax liabilities, attorneys’ fees and any and all expenses whatsoever incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, and any and all participantsamounts paid in settlement of any claim or litigation), parent corporationsto which Pledgor may become subject, subsidiary corporationsinsofar as such losses, affiliated corporationsliabilities, insurersclaims, indemnitorsdamages or expenses (or actions in respect thereof) arise out of or are based upon any Released Claim, successors as defined in the following sentence. As used herein, “Released Claim” means any claim based on any act or omission to act by the LLC and assigns thereofthe Company undertaken at the request or demand of Lender to the LLC and/or the Company in connection with this Agreement, together with all the Pledge or the Pledged Collateral, except for those acts or omissions arising from the gross negligence or willful misconduct of the present and former directors, officers, agents, attorneysCompany or the LLC. Pledgor specifically acknowledges the risk that Lender may request a redemption of the Pledged Units, and employees that compliance by the LLC and the Company with such request may result in Pledgor incurring significant income tax liabilities, and that claims by Pledgor on account of any such action by the LLC and/or the Company and resulting tax liabilities of Pledgor are explicitly included within the definition of Released Claims (to the extent that such action by the LLC and/or the Company fall within the definition of Released Claims). Pledgor acknowledges that the Released Claims will arise, if at all, only in the future, and thus by their nature will include claims, rights, demands, causes of action, liabilities or suits that are not known or suspected to exist as of the date of this Agreement. Without limiting the generality of the foregoing, from but limited to only the Released Claims, Pledgor waives the rights afforded by any and all claims, demands applicable law which may provide that a general release does not extend to claims which the creditor does not know or causes suspect to exist in his favor at the time of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwiseexecuting the release, which Company or Guarantor has had, now has or has made claim to if known by him must have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from materially affected his settlement with the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORdebtor.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Acknowledgment and Agreement (Patel Gautam), Acknowledgment and Agreement (Amneal Pharmaceuticals, Inc.)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Each Purchaser hereby absolutely irrevocably and unconditionally release releases and forever discharge Xxxxx Fargodischarges the Company, its subsidiaries and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all each of the present their respective current and former directors, officers, agentsemployees, attorneysfiduciaries, representatives, affiliates, shareholders, controlling persons, successors and employees of any of the foregoingassigns (each, a “Releasee”) from any and all actions, causes of action, claims, demands suits, setoffs, demands, proceedings, orders, obligations, contracts, agreements, debts, damages and other liabilities whatsoever, whether known or causes unknown, suspected or unsuspected, both at law and in equity (collectively, “Claims”) which any of action the Purchasers now has, has ever had, or may hereafter have against a Releasee, related to the purchase of the notes and warrants pursuant to the Prior Agreement. The Purchasers agree that this Section 8.19 shall act as a release of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim and all Claims that may arise from conduct prior to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, Agreement whether such claimsClaims are known, demands and causes of action are matured unknown, foreseen, or unmatured unforeseen, liquidated or known unliquidated, xxxxxx or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claiminchoate, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under notwithstanding Section 1542 of the California Civil Code of the State of California, which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” . The parties Parties understand and acknowledge the significance and consequence of such specific waiver of Section 1542 and laws of similar import of Delaware and hereby assume full responsibility for any injuries, damages, losses, or liability that each they may hereafter discover facts different from incur from, arising out of or in addition to those now known or believed to be true with respect to such claims, demands, or causes otherwise by virtue of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthe Prior Agreement.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement, Note and Warrant Purchase Agreement (Amicus Therapeutics Inc)

Release. Each Seller hereby acknowledges that the Indemnified Party (as defined below) are expressly relying on this release provision in consummating the transactions contemplated by this Agreement, and would not consummate such transactions but for this release provision. Each Seller hereby acknowledges, confirms and agrees that such Seller (a) is the exclusive owner of the Company Shares being sold by such Seller to the Buyer hereunder, (b) does not have any equity interest in the Company other than the Company Shares being sold to the Buyer hereunder, and (c) does not have any rights to any additional shares of the capital stock or any other securities of the Company, including any options, warrants, conversion privileges, preemptive rights or other rights or agreements. Each Seller, on behalf of such Seller and each of such Seller’s respective Affiliates (if any), hereby releases and forever discharges each Buyer, the Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorstheir respective Affiliates, officers, agentsdirectors, attorneysemployees and agents (collectively, and employees of any of the foregoing, “Indemnified Party”) from any and all claims, demands or demands, judgments, proceedings, causes of action of any kindaction, nature or descriptionorders, obligations, contracts, agreements, liens, accounts, costs and expenses (including attorney’s fees and court costs), debts and liabilities whatsoever, whether arising known or unknown, suspected or unsuspected, matured or un-matured, both at law (including federal and state securities laws) and in law or equity or upon contract or tort or under any state or federal law or otherwiseequity, which Company such Seller or Guarantor has hadany of such Seller’s respective Affiliates now have, now has have ever had or has made claim to may hereafter have against any such person for the Indemnified Party arising contemporaneously with or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time prior to and including the date of this AmendmentAgreement or on account of or arising out of any matter, cause, event or omission occurring contemporaneously with or prior to the date of this Agreement, including, but not limited to, any rights to indemnification or reimbursement from the Company, whether such claimspursuant to the Company’s articles of organization, demands resolution, contract or otherwise and causes whether or not relating to claims pending on, or asserted after, the date of action are matured or unmatured or known or unknown. It is the intention this Release; provided, however, that nothing contained herein shall operate to release any obligations of the Company and Guarantor in executing this release that Buyer to the same shall be effective Sellers arising exclusively as a bar to each and every claim, demand and cause of action specified and in furtherance result of this intention Agreement. Each Seller hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Indemnified Party, based upon any matter purported to be released hereby. Without in any way limiting any of the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiaremedies otherwise available to any Indemnified Party, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEeach Seller shall indemnify and hold harmless each Indemnified Party from and against all actions, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such suits, proceedings, hearings, investigations, charges, complaints, claims, demands, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in settlement, liabilities, obligations, security interests, taxes, liens, losses, lost value, expenses and fees arising directly or causes indirectly from or in connection with (i) the assertion by or on behalf of action such Seller or such Seller’s Affiliates of any claim or other matter purported to be released pursuant to this provision and agree that (ii) the assertion by any third party of any claim or demand against any Indemnified Party which claim or demand arises directly or indirectly from, or in connection with, any assertion by or on behalf of such Seller, or any of such Seller’s Affiliates against any third party of any claims or other matters purported to be released pursuant to this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsprovision.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Novus Robotics Inc.), Stock Purchase Agreement (Ecoland International)

Release. Company Effective at the Closing, each Seller releases and discharges each of the Guarantor signing the Acknowledgment RFG Family Entities and Agreement their subsidiaries, officers, directors, employees, equity holders, agents, attorneys and predecessors and successors in interest, heirs, executors and assigns, from any and all claims for relief, including all causes of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargoactions, suits, petitions or demands in law or equity, direct, derivative, or otherwise, and any and all participantsallegations of liability, parent corporationsincluding any allegation of debts, subsidiary corporationsobligations, affiliated corporationspromises, insurersguarantees, indemnitorsdamage awards, successors or for any equitable, legal and assigns thereofadministrative relief that have been, together with all could have been, or may be asserted in any court action, whether federal or state, or otherwise, or before any administrative body, tribunal, arbitrator or arbitration panel, regardless of whether known or unknown, foreseen or unforeseen, or fixed or contingent at the time of the present and former directorsClosing, officers, agents, attorneys, and employees of that any Seller may have against any of the foregoing, from any RFG Family Entities. The release contained herein is intended to be complete and all final and to cover not only claims, demands or causes of action of any kinddemands, nature or descriptionliabilities, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisedamages, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands actions and causes of action which are matured known, but also claims, demands, liabilities, damages, actions and causes of action which are unknown or unmatured or which the Seller does not suspect to exist in its favor which, if known or unknown. It is at the intention time of executing this Agreement, might have affected its actions, and therefore the Seller expressly waives the benefit of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause provisions of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaCode, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge Each Seller hereby waives and relinquishes all rights and benefits that each he or it has or may hereafter discover facts different from have had under Section 1542 of the California Civil Code or in addition to those now known or believed to be true with respect to such claimsthe law of any other state, demandscountry, or causes of action and agree jurisdiction to the same or similar effect to the full extent that this instrument shall be and remain effective in all respects notwithstanding any he may lawfully waive such differences or additional factsrights.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Calavo Growers Inc), Agreement and Plan of Merger (Calavo Growers Inc)

Release. Company and Upon Final Judgment, the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release Releasing Parties shall completely release, acquit, and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, Seaboard Released Parties from any and all claims, demands or demands, actions, suits, and causes of action of any kind, nature or descriptionaction, whether arising class, individual, or otherwise in law nature (whether or equity not any member of the Certified Class has objected to the Settlement Agreement or makes a claim upon contract or tort participates in the Settlement Fund, whether directly, representatively, derivatively or under in any state or federal law or otherwise, which Company or Guarantor has other capacity) that the Releasing Parties ever had, now have, or hereafter can, shall, or may ever have, that exist as of the date of the order granting Preliminary Approval against the Released Parties on account of, or in any way arising out of, any and all known and unknown, foreseen and unforeseen, suspected or unsuspected, actual or contingent, liquidated or unliquidated claims, injuries, losses, damages, and the consequences thereof that have been asserted in the Actions, or could have been asserted, under federal or state law in any way arising out of or relating in any way to the direct purchase of Pork produced, processed or sold by the Seaboard Released Parties or any of the Defendants or their Co-Conspirators, and purchased directly by the Releasing Parties (the “Released Claims”).3 Without limitation, Released Claims include (a) claims arising out of purchases made at any time before, during or after the Class Period up until the date of the Order granting Preliminary Approval, and (b) claims against the Released Parties arising out of Seaboard's ownership or partial ownership of other entities in which Seaboard has or has made claim to have an interest, including Seaboard Triumph Foods, LLC and Daily’s Premium Meats, LLC. Notwithstanding the above, “Released Claims” do not include (i) claims asserted against any Defendant (including but not limited to Triumph Foods, LLC and Triumph Foods, LLC's separate interest in Seaboard Triumph Foods, LLC and Daily’s Premium Meats, LLC) or co- conspirator other than the Seaboard Released Parties, nor (ii) any claims wholly unrelated to the allegations in the Actions that are based on breach of contract, any negligence, personal injury, bailment, failure to deliver lost goods, damaged or delayed goods, product defect, or securities claim. This reservation of claims set forth in (i) and (ii) of this Paragraph does not impair or diminish the right of the Seaboard Released Parties to assert any and all defenses to such person claims. During the period after the expiration of the deadline for submitting an opt- out notice, as determined by the Court, and prior to Final Judgment, all Releasing Parties 3 For the avoidance of doubt, the Certified Class does not include any class member’s indirect purchases of Pork, so therefore the release applies only to the purchase of Pork by a Certified Class member directly from the Seaboard Released Parties or any of the Defendants or their Co-Conspirators. Provided, however, that the release applies to claims that members of the Certified Class hold by reason of any act, omission, matter, cause or thing whatsoever arising assignments from direct purchasers. who have not submitted a valid request to be excluded from the beginning of time to Certified Class shall be preliminarily enjoined and including barred from asserting any Released Claims against the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownSeaboard Released Parties. It is the intention The release of the Company and Guarantor in executing this release that the same shall be Released Claims will become effective as a bar to each and every claimall Releasing Parties upon Final Judgment. Upon Final Judgment, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and Releasing Parties further agree that this instrument shall be and remain effective in all respects notwithstanding they will not file any such differences other suit against the Seaboard Released Parties arising out of or additional factsrelating to the Released Claims.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Release. Company To the extent permitted by applicable law, each Borrower and the each Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges each member of the Lender Group, each of their respective Affiliates, and any and all participantseach of their respective officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysemployees, and employees of any of agents (collectively, the foregoing“Released Parties”), from any and all claims, demands or demands, obligations, liabilities, causes of action action, damages, losses, costs and expenses of any kindkind or character, nature known or descriptionunknown, whether arising in law past or equity present, liquidated or upon contract unliquidated, suspected or tort or under any state or federal law or otherwiseunsuspected, which Company any Borrower or any Guarantor has ever had, now has or has made claim to might hereafter have against any such person for Released Party which relates, directly or by reason indirectly, to the Loan Agreement or any other Loan Document, or to any acts or omissions of any actsuch Release with respect to the Loan Agreement or any other Loan Document, omission, matter, cause or thing whatsoever arising from to the beginning of time to and including lender-borrower relationship evidenced by the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownLoan Documents. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar As to each and every claimclaim released hereunder, demand each Borrower and cause each Guarantor hereby represents that it has received the advice of action specified legal counsel with regard to the releases contained herein, and in furtherance having been so advised, each Borrower specifically waives, to the extent permitted by applicable law, the benefit of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under provisions of Section 1542 of the Civil Code of the State of California, California which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HIM, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that As to each may hereafter discover facts different from and every claim released hereunder, each Borrower and each Guarantor also waives the benefit of each other similar provision of applicable federal or in addition state law, if any, pertaining to those now known or believed to be true general releases after having been advised by its legal counsel with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (GNLV Corp), Loan and Security Agreement (Poster Financial Group Inc)

Release. Company At or prior to the Closing, subject to Section 7.12 and the Guarantor signing provisions of the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargoother Transaction Documents, as applicable, and any other Contract that may be entered into among the parties following the Closing, (a) Seller Bank and all participantsits Subsidiaries shall execute releases acquitting, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors releasing and assigns thereof, together with all of the present discharging Parent Seller and former directors, officers, agents, attorneys, and employees of any of its Affiliates or Representatives (including the foregoing, directors of Seller Bank) from any and all claims, demands liabilities to Seller Bank and its Subsidiaries that exist as of the Closing Date or causes that arise in the future from events or occurrences taking place prior to or as of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim the Closing Date (provided that the foregoing shall not apply to have against the extent that any such person for Person is a Purchaser Indemnified Party exercising rights under Section 10.1), and (b) Parent Seller shall execute releases acquitting, releasing and discharging Seller Bank and its Subsidiaries and their respective Representatives from any and all liabilities to Parent Seller or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to its Affiliates (other than Seller Bank and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention its Subsidiaries) that exist as of the Company and Guarantor Closing Date or that arise in executing this release that the same shall be effective future from events or occurrences taking place prior to or as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code Closing Date and from any obligations under Contracts to which Parent Seller or any of its Affiliates (other than Seller Bank and its Subsidiaries) is a party (x) under which Seller Bank and its Subsidiaries are provided with services, property or other assets that are used in the State conduct of Californiatheir respective businesses, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE(y) that contain any exclusive dealing or third party referral arrangements imposed on Seller Bank or any of Seller Bank’s Subsidiaries, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge or any non-competition or non-solicitation covenants that each may hereafter discover facts different purport to limit the freedom from and after the Closing of Seller Bank and its Subsidiaries to compete in any line of business or with any Person or in addition to those now known or believed to be true with respect to such claims, demandsany area, or causes (z) for which there are any costs or expenses that would be incurred by Seller Bank and its Subsidiaries from and after the Closing in connection with the termination of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsContracts.

Appears in 2 contracts

Samples: Share Purchase Agreement (Bank of Montreal /Can/), Share Purchase Agreement

Release. Company In consideration of the severance benefits offered to me by MeadWestvaco Corporation (the “Company”) under the Employment Agreement dated as of , 2008, (the “Agreement”) and other consideration, I on behalf of myself, and on behalf of my heirs, administrators, representatives, successors, and assigns (the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below “Releasors”), hereby absolutely and unconditionally release acquit and forever discharge Xxxxx Fargothe Company, all of its past, present and any future subsidiaries and affiliates and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneystrustees, partners, shareholders, consultants, independent contractors and representatives, all of their respective heirs, successors, and employees of any of assigns and all persons acting by, through, under or in concert with them (the foregoing, “Releasees”) from any and all claims, demands or charges, complaints, obligations, promises, agreements, controversies, damages, remedies, demands, actions, causes of action action, suits, rights, costs, debts, expenses and liabilities that the Releasors might otherwise have asserted arising out of my employment with the Company and its subsidiaries and affiliates, including the termination of that employment. However, the Releasors are not releasing any kindrights under (i) any qualified employee retirement plan, nature (ii) any claim for compensation and benefits to be provided to me under the Agreement, (ii) any claim for vested benefits or descriptionbenefits that I am otherwise entitled to receive under any plan, whether arising policy, practice or program of or any contract or agreement with the Company or any of the Affiliated Companies at or subsequent to the-Date of Termination, (iii) any claim related to my indemnification as an officer, director and employee of the Affiliated Companies under the Company’s Certificate of Incorporation or By-Laws, or (iv) any rights or claims that may arise after the date on which I sign this release (the “Release”). Those rights shall survive unaffected by this Release. I understand that, as a consequence of my signing this Release, I am giving up, any and all rights I might otherwise have with respect to my employment and the termination of that employment including but not limited to rights under (1) the Age Discrimination in law Employment Act of 1967, as amended; (2) any and all other federal, state, or equity municipal laws prohibiting discrimination in employment on the basis of sex, race, national origin, religion, age, handicap, or upon other invidious factor, or retaliation; and (3) any and all theories of contract or tort law related to my employment or under any state or federal termination thereof, whether based on common law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties I acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 2 contracts

Samples: Employment Agreement (Meadwestvaco Corp), Employment Agreement (Meadwestvaco Corp)

Release. Company Except for any breach by Seller of any its covenants, representations or warranties contained herein (which shall be subject to the provisions of Section 11.6 below) or in any document executed and delivered by Seller at Closing, Buyer, for itself and its successors and assigns, as of the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release Closing, releases and forever discharge Xxxxx Fargodischarges Seller and its successors and assigns from, and waives any right to proceed against Seller and its successors or assigns for, any and all participantscost, parent corporationsexpense, subsidiary corporationsclaim, affiliated corporations, insurers, indemnitors, successors liabilities and assigns thereof, together with all of the present and former directors, officers, agents, demands (including reasonable attorneys, and employees of any of the foregoing, from any and all claims, demands ’ fees) at law or causes of action of any kind, nature or descriptionin equity, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, arising out of the physical, environmental, economic, legal or other condition of the Property, including, without limitation, any claims for contribution pursuant to any environmental law (collectively, “Claims”), which Buyer or Buyer’s successors or assigns has or may have in the future. It is the intention of the Company and Guarantor in executing this release parties that the same foregoing release shall be effective as a bar of the Closing with respect to each all matters, past and every claimpresent, demand known and cause unknown, suspected and unsuspected. Buyer realizes and acknowledges that factual matters now unknown to it may have given or may hereafter give rise to losses, damages, liabilities, costs and expenses which are presently unknown, unanticipated and unsuspected, and Buyer further agrees that as of action specified the Closing the waivers and releases herein have been negotiated and agreed upon in light of that realization and that Buyer nevertheless hereby intends to release, discharge and acquit Seller from any such unknown losses, damages, liabilities, costs and expenses. In furtherance of this intention intention, the Company Buyer hereby expressly waives as of the Closing any and Guarantor each waives and relinquishes all rights and benefits under Section 1542 conferred upon it by the provisions of the Civil Code any statute or principal of the State of California, law which providesprovides substantially as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge . Buyer hereby specifically acknowledges that each may hereafter discover facts different from or in addition Buyer has carefully reviewed this Section, and has had ample opportunity to those now known or believed discuss its import with legal counsel, is fully aware of its consequences, and that the provisions of this Section are a material part of the consideration inducing Seller to be true with respect to such claims, demands, or causes of action and agree that enter into this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.Agreement. Buyer’s Initials: DD

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.), Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)

Release. Company In accordance with the terms of this Agreement, Class Members who elect to join and participate in this Settlement (collectively, the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely “Releasing Parties”) shall be deemed to have irrevocably and unconditionally released and discharged the Released Parties with respect to the Released Claims when the Approval becomes final and no longer appealable. This release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time is intended to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a release of and bar to each and every claimall Released Claims, demand and cause of action specified and in furtherance including claims that the Releasing Parties know about or suspect, as well as those that the Releasing Parties do not know about or do not suspect. The Releasing Parties shall be deemed to understand the significance of this intention the Company release of unknown and Guarantor each waives unsuspected claims and relinquishes their waiver of statutory protection against a release of unknown and/or unsuspected claims. The Releasing Parties expressly waive all rights and benefits under afforded by any statute which limits the effect of a release with respect to unknown or unsuspected claims. Further, to the extent it is otherwise applicable, the Releasing Parties in California expressly waive the protection of Section 1542 of the Civil Code of the State of California, California which providesstates as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEgeneral release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORwhich if known by him or her must have materially affected his or her settlement with the debtor.” Further, to the extent it is otherwise applicable, with respect to the Released Claims, the Releasing Parties shall be deemed to acknowledge and agree that California Labor Code Section 206.5 is not applicable to the settlement of the Released Claims. That section provides in pertinent part as follows: “No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wage has been made.” The parties acknowledge Releasing Parties shall be deemed to acknowledge, agree, represent and warrant to the Released Parties, and each of them, that each may hereafter discover facts different from or in addition at all times relevant to those now known or believed to be true their employment with any of the Released Parties, there is and has at all times been a genuine, reasonable and good faith dispute between the Releasing Parties and the Released Parties with respect to such claimswhether the Releasing Parties have been fully and properly paid all monies owed relating to their employment with Released Parties and received all required breaks in accordance with federal, demandsstate and local laws through and including the later of (a) the date of Approval or (b) the date of electing to join and participate in this Settlement. Upon payment of the LWDA PAGA Settlement Amount to the LWDA, all PAGA Employees shall be deemed to have irrevocably and unconditionally released and discharged the Released Parties with respect to any claim for civil penalties, attorneys’ fees, or causes of action any other remedy or right pursuant to PAGA with respect to the Released Claims when the Approval becomes final and agree that this instrument no longer appealable. This release is intended to and shall be effective as a release of and remain effective in bar to all respects notwithstanding any such differences PAGA penalties (and other rights and remedies) arising out of or additional factsrelated to the Released Claims, including claims that the Releasing Parties know about or suspect, as well as those that the Releasing Parties do not know about or do not suspect.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Release. Effective as of the Closing Date and subject to the Major Stockholder’s receipt of the Rollover Consideration as set forth herein, the Major Stockholder hereby releases and forever discharges HoldCo, the Company and each of the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoInvestors, and any HoldCo’s, the Company’s and all participantseach of the Investors’ respective individual, parent corporationsjoint or mutual, subsidiary corporationspast, affiliated corporationspresent and future representatives, affiliates, principals, officers, employees, insurers, indemnitorssubrogors, subrogees, licensees, predecessors, members, directors, managers, stockholders, limited partners, controlling persons, subsidiaries, successors and assigns thereof(individually a “Releasee” and collectively, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, “Releasees”) from any and all claims, demands or demands, proceedings, causes of action action, orders, obligations, contracts, agreements, debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, foreseeable and unforeseeable, liquidated and unliquidated, insured and uninsured, both at law and in equity, which the Major Stockholder now has, has ever had or may hereafter have against the respective Releasees arising contemporaneously with or prior to the Closing Date or on account of or arising out of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from event occurring contemporaneously with or prior to the beginning Closing Date related to their employment with the Company or their ownership of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured Company Common Stock or unmatured or known or unknown. It is the intention options of the Company and Guarantor in executing (collectively, the “Causes of Action”); provided, however, that nothing contained herein shall (a) operate to release any obligation of HoldCo arising under this Agreement or any obligation of any of the other parties to the other agreements entered into on the Closing Date, (b) operate to release that the same shall be effective as a bar to each and every claim, demand and cause any obligation of action specified and in furtherance of this intention the Company and Guarantor for any unpaid salary accrued within the thirty-day period prior to this agreement or for any accrued benefits, vacation time or right to reimbursement of expenses or (c) operate to release any obligation for matters which the Major Stockholder is entitled to indemnification under the Company’s certificate of incorporation or bylaws as in effect on or prior to the date hereof or as may be in effect after the Effective Time. The Major Stockholder acknowledges that he has been informed that HoldCo, the Company and/or each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code Investors and their respective subsidiaries, affiliates and successors may from time to time enter into agreements for additional types of financing, including, without limitation, recapitalizations, mergers and initial public offerings of capital stock of the State Company and/or its subsidiaries, affiliates and successors, and also may pursue acquisitions or enter into agreements for the sale of Californiathe Company and/or its subsidiaries, affiliates or successors or all or a portion of the Company’s and/or its subsidiaries’, affiliates’ or successor’s assets, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORmay result in or reflect an increase or decrease in the value of the Rollover Shares and increases or decreases in value and the Major Stockholder accepts the risk of such increase or decrease in the value of the Rollover Shares.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Major Stockholder Contribution and Exchange Agreement, Escrow Agreement (Open Link Financial, Inc.)

Release. Company In consideration of the agreements of Administrative Agent and Pass Creek contained herein and for other good and valuable consideration, the Guarantor signing receipt and sufficiency of which is hereby acknowledged, each Borrower and Parent (collectively, the Acknowledgment “Loan Parties”) hereby unconditionally and Agreement of Guarantor set forth below hereby absolutely irrevocably remises, acquits, and unconditionally release fully and forever discharge Xxxxx Fargo, releases and any discharges Administrative Agent and Pass Creek and all participantsrespective affiliates and subsidiaries of Administrative Agent and Pass Creek, parent corporationstheir respective officers, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officersemployees, agents, attorneys, principals, advisors, directors and employees of any of shareholders, and their respective heirs, legal representatives, successors and assigns (collectively, the foregoing, “Released Lender Parties”) from any and all claims, demands or demands, causes of action action, obligations, remedies, suits, damages and liabilities (collectively, the “Loan Party Claims”) arising out of any kindor related to the Credit Agreement, nature the other Loan Documents, or descriptionthe transactions contemplated therein, whether now known, suspected or claimed, whether arising under common law, in law or equity or upon contract or tort or under any state or federal law or otherwisestatute, which Company any Loan Party ever had or Guarantor has had, now has against the Released Lender Parties which may have arisen at any time on or has made claim prior to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment. Each Loan Party covenants and agrees never to commence, whether such claimsvoluntarily aid in any way, demands and causes of action are matured prosecute or unmatured cause to be commenced or known or unknown. It is the intention prosecuted against any of the Company Released Lender Parties any action or other proceeding based upon any of the Loan Party Claims which may have arisen at any time on or prior to the date of this Amendment. Each Loan Party acknowledges and Guarantor in executing this release agrees that the same Released Lender Parties have acted in good faith in negotiating and entering into this Amendment and that the provisions hereof are not in breach or violation of any duty or obligation, express or implied, of the Released Lender Parties to any such Loan Party. The agreements of each Loan Party set forth in this Section 15 shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance survive the termination or expiration of this intention Amendment and the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 termination of the Civil Code Loan Documents and the repayment, satisfaction or discharge of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORObligations.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (EnerJex Resources, Inc.)

Release. Company and Upon the Guarantor signing satisfaction of the Acknowledgment and Agreement obligations of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargothe Guarantors hereunder, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all when none of the present Guarantors is subject to any obligation hereunder or under the Credit Agreement or any of the other Loan Documents, Agent shall deliver to the Guarantors, upon written request therefor, (i) a written release of this Guaranty and former directors(ii) appropriate discharges of any Collateral provided by the Guarantors for this Guaranty; provided however that, officersthe effectiveness of this Guaranty shall continue or be reinstated, agentsas the case may be, attorneysin the event: (x) that any payment received or credit given by Agent or the Lenders, or any of them, is returned, disgorged, rescinded or required to be recontributed to any party as an avoidable preference, impermissible setoff, fraudulent conveyance, restoration of capital or otherwise under any applicable state, federal or national law of any jurisdiction, including laws pertaining to bankruptcy or insolvency, and employees this Guaranty shall thereafter be enforceable against the Guarantors as if such returned, disgorged, recontributed or rescinded payment or credit has not been received or given by Agent or the Lenders, and whether or not Agent or any Lender relied upon such payment or credit or changed its position as a consequence thereof or (y) that any liability is imposed, or sought to be imposed against Agent or the Lenders, or any of them, relating to the environmental condition of any of property mortgaged or pledged to Agent on behalf of the foregoingLenders by any Guarantor, from Noble, or any and all claimsother party as collateral (in whole or part) for any indebtedness or obligation evidenced or secured by this Guaranty, demands whether such condition is known or causes of action unknown, now exists or subsequently arises (excluding only conditions which arise after acquisition by Agent or any Lender of any kindsuch property, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law lieu of foreclosure or otherwise, due to the wrongful act or omission of Agent or such Lenders) in which Company event this Guaranty shall thereafter be enforceable against the Guarantors to the extent of all liabilities, costs and expenses (including reasonable attorneys’ fees) incurred by Agent or Guarantor has had, now has Lenders as the direct or has made claim to have against indirect result of any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date environmental condition. For purposes of this AmendmentGuaranty “environmental condition” shall include, whether such claimswithout limitation, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true conditions existing with respect to such claimsthe surface or ground water, demandsdrinking water supply, land surface or causes of action subsurface strata and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthe ambient air.

Appears in 2 contracts

Samples: Credit Agreement (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)

Release. Company Upon the Effective Date, Plaintiffs named in this Settlement Agreement and Release and every Settlement Class Member (except those who timely opt-out), for themselves, their attorneys, spouses, beneficiaries, executors, representatives, heirs, successors, and assigns, in consideration of the Guarantor signing the Acknowledgment and Agreement of Guarantor relief set forth below hereby absolutely in the Settlement Agreement, fully and unconditionally finally release and forever discharge Xxxxx FargoRMCHCS, and any and all participantssubsidiary, parent corporationsand related entities, subsidiary corporationsall officers, affiliated corporationsdirectors, shareholders, employees, attorneys, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneyssuccessors, and employees of any of the foregoing, persons who acted on their behalf from any and all claimsclaims or causes of action, demands whether known or unknown, that concern, refer or relate to (a) the Data Breach; and (b) all other claims or causes of action that were pleaded, or that could have been pleaded based on the Data Breach and/or RMCHCS’s response to the Data Breach in the Lawsuit. The claims released in this paragraph are referred to as the “Released Claims,” and the parties released are referred to as the “Released Parties.” Plaintiffs waive any principles of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time similar to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaCode, which provides: A GENERAL RELEASE REELASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties DEBTOR OR RELEASED PARTY. Plaintiffs agree that Section 1542 and all similar federal or state laws, rules, or legal principles of any other jurisdiction are knowingly and voluntarily waived in connection with the claims released in the Settlement Agreement, and agree that this is an essential term of the Settlement Agreement. Plaintiffs and the Settlement Class Members acknowledge that each they may hereafter later discover claims presently unknown or suspected, or facts different from or in addition to or different from those which they now known or believed believe to be true with respect to such claimsthe matters released in the Settlement Agreement. Nevertheless, demandsPlaintiffs and Settlement Class Members fully, or causes of action finally, and agree that this instrument shall be forever settle and remain effective in all respects notwithstanding any such differences or additional factsrelease the Released Claims against the Released Parties.

Appears in 2 contracts

Samples: Settlement Agreement and Release, Settlement Agreement and Release

Release. Company You release us and our Affiliates and Service Providers and the Guarantor signing the Acknowledgment employees and Agreement contractors of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all each of the present and former directors, officers, agents, attorneys, and employees of any of the foregoingthese, from any and all claims, demands demands, and damages (actual and consequential) of every kind and nature arising out of or causes in any way connected with any dispute that may arise between you or one or more other users of action Online Banking or the Service. In addition, you waive California Civil Code §1542, which states that a general release does not extend to claims that the creditor does not know or suspect to exist in his favor at the time of executing the release, which if not known by him, must have materially affected his settlement with the debtor. Waiver: We have the right to waive the enforcement of any kind, nature term or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim condition of this Agreement. We will not be deemed to have against waived any of our rights or remedies under this Agreement unless such person for waiver is in writing and signed by us. No delay or by reason omission on our part in exercising any rights or remedies will operate as a waiver of such rights or remedies or any act, omission, matter, cause other rights or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownremedies. It is the intention of the Company and Guarantor in executing this release that the same shall A waiver on any one occasion will not be effective construed as a bar to each or waiver of any rights or remedies on future occasions. No such waiver will modify the terms and every claim, demand and cause of action specified and in furtherance conditions of this intention Agreement. Exclusions of Warranties: ONLINE BANKING AND THE SERVICE AND RELATED DOCUMENTATION ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. IN PARTICULAR, WE DO NOT GUARANTEE CONTINUOUS, UNINTERRUPTED, OR SECURE ACCESS TO ANY PART OF OUR SERVICE, AND OPERATION OF OUR ONLINE BANKING MAY BE INTERFERED WITH BY NUMEROUS FACTORS OUTSIDE OF OUR CONTROL. SOME STATES DO NOT ALLOW THE DISCLAIMER OF CERTAIN IMPLIED WARRANTIES, SO THE FOREGOING DISCLAIMERS MAY NOT APPLY TO YOU. THIS PARAGRAPH GIVES YOU SPECIFIC LEGAL RIGHTS, AND YOU MAY ALSO HAVE OTHER LEGAL RIGHTS THAT VARY FROM STATE TO STATE. Limitation of Liability: THE FOREGOING SHALL CONSTITUTE YOUR EXCLUSIVE REMEDIES AND THE ENTIRE LIABILITY OF US AND OUR AFFILIATES AND SERVICE PROVIDERS AND THE EMPLOYEES AND CONTRACTORS OF EACH OF THESE, FOR THE SERVICE AND THE PORTION OF ONLINE BANKING THROUGH WHICH THE SERVICE IS OFFERED. YOU ACKNOWLEDGE AND AGREE THAT FROM TIME TO TIME, THE SERVICE MAY BE DELAYED, INTERRUPTED, OR DISRUPTED PERIODICALLY FOR AN INDETERMINATE AMOUNT OF TIME DUE TO CIRCUMSTANCES BEYOND OUR REASONABLE CONTROL, INCLUDING, BUT NOT LIMITED TO, ANY INTERRUPTION, DISRUPTION, OR FAILURE IN THE PROVISION OF THE SERVICE, WHETHER CAUSED BY STRIKES, POWER FAILURES, EQUIPMENT MALFUNCTIONS, INTERNET DISRUPTION, OR OTHER REASONS. IN NO EVENT SHALL WE OR OUR AFFILIATES OR SERVICE PROVIDERS, OR THE EMPLOYEES OR CONTRACTORS OF ANY OF THESE, BE LIABLE FOR ANY CLAIM ARISING FROM OR RELATED TO THE SERVICE CAUSED BY OR ARISING OUT OF ANY SUCH DELAY, INTERRUPTION, DISRUPTION, OR SIMILAR FAILURE. IN NO EVENT SHALL WE OR OUR AFFILIATES OR SERVICE PROVIDERS, OR THE EMPLOYEES OR CONTRACTORS OF ANY OF THESE, BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING LOSS OF GOODWILL OR LOST PROFITS (EVEN IF ADVISED OF THE POSSIBILITY THEREOF) ARISING IN ANY WAY OUT OF THE INSTALLATION, USE, OR MAINTENANCE OF THE SERVICE OR THE PORTION OF ONLINE BANKING THROUGH WHICH THE SERVICE IS OFFERED, EVEN IF SUCH DAMAGES WERE REASONABLY FORESEEABLE AND NOTICE WAS GIVEN REGARDING THEM. IN NO EVENT SHALL WE OR OUR AFFILIATES OR SERVICE PROVIDERS, OR THE EMPLOYEES OR CONTRACTORS OF ANY OF THESE, BE LIABLE FOR ANY CLAIM ARISING FROM OR RELATED TO THE SERVICE OR THE PORTION OF ONLINE BANKING THROUGH WHICH THE SERVICE IS OFFERED THAT YOU DO NOT STATE IN WRITING IN A COMPLAINT FILED IN A COURT OR ARBITRATION PROCEEDING AS DESCRIBED IN THE DISPUTES AND ARBITRATION SECTIONS ABOVE WITHIN TWO (2) YEARS OF THE DATE THAT THE EVENT GIVING RISE TO THE CLAIM OCCURRED. THESE LIMITATIONS WILL APPLY TO ALL CAUSES OF ACTION, WHETHER ARISING FROM BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY. OUR AGGREGATE LIABILITY, AND THE AGGREGATE LIABILITY OF OUR AFFILIATES AND SERVICE PROVIDERS, AND THE EMPLOYEES AND CONTRACTORS OF EACH OF THESE, TO YOU AND ANY THIRD-PARTY FOR ANY AND ALL CLAIMS OR OBLIGATIONS RELATING TO THIS AGREEMENT SHALL BE LIMITED TO DIRECT OUT-OF-POCKET DAMAGES UP TO A MAXIMUM OF $500.00 (FIVE HUNDRED DOLLARS). SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU. Complete Agreement: You agree that this Agreement is the Company complete and Guarantor each waives and relinquishes all rights and benefits under Section 1542 exclusive statement of the Civil Code of agreement between us, sets forth the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true entire understanding between us and you with respect to such claimsthe Service and the portion of Online Banking through which the Service is offered, demandsand supersedes any proposal or prior agreement, oral or causes written, and any other communications between us. If there is a conflict between the terms of action this Agreement and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences something stated by an employee or additional factscontractor of ours (including, but not limited to, its customer care personnel), the terms of the Agreement will prevail.

Appears in 2 contracts

Samples: Online Banking Agreement, Online Banking Agreement

Release. Company Effective upon the Close of Escrow, Buyer shall and the Guarantor signing the Acknowledgment hereby does waive, relinquish and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoSeller, and any and all participantsits officers, parent corporationsdirectors, subsidiary corporationsemployees, affiliated corporationsagents, insurerstrustees, indemnitorsaccountants, parents, subsidiaries, attorneys, shareholders, successors and assigns thereofall other persons acting for, together under or in concert with all the others, past and present, of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or demands, actions, causes of action action, obligations, damages, liabilities, losses, costs or expenses, including attorneys’ fees, of any kindkind or nature whatsoever, nature past or descriptionpresent arising from, whether arising related to or in law connection with the presence of any hazardous substances, including, but not limited to, pesticides and herbicides on the Property. Buyer expressly understands and acknowledges that it is possible that unknown losses or equity claims exist or upon contract that present losses may have been underestimated in amount or tort severity, and Buyer explicitly took that into account in determining the consideration for the execution of this Agreement and a portion of said consideration, having been bargained for between the Parties with the knowledge of the possibility of such unknown losses or claims, was given in exchange for a full accord, satisfaction and discharge of all such losses or claims. Consequently, Buyer expressly waives all rights under any state or federal law or otherwiseCalifornia Civil Code §1542, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which providesprovides that: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, RELEASE WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge . Notwithstanding said Section 1542, the Parties agree that this Section 28.18 shall act as a release of all future claims that may arise from the above-described facts, whether such claims are currently known or unknown, foreseen or unforeseen, suspected or unsuspected, actual or potential, absolute or contingent, pending or anticipated, including, without limitation, any claim for damages as yet not incurred; and the Parties intentionally and specifically waive any rights they may have under the provisions of said Section 1542, as well as under any other statutes or common law principles of similar effect, and each assumes full responsibility for such injuries, damages, losses or liabilities that any of them may hereafter discover facts different from or in addition to those now known or believed to be true incur with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions, Purchase and Sale Agreement and Joint Escrow Instructions

Release. Effective upon the Closing, each Seller, on behalf of itself and its current and former controlled affiliates (other than, in respect of such Seller, the other Sellers) and their respective successors and assigns (collectively, the “Seller Releasing Parties”), hereby releases and discharges the Company and the Guarantor signing the Acknowledgment Company Subsidiaries and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present their respective current and former managers, directors, officers, agentsemployees, attorneysmembers, shareholders, partners, benefit plan fiduciaries and employees of any of administrators and their respective successors and assigns (the foregoing, “Seller Released Parties”) from and against any and all claimsliabilities, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured actions of such Seller, of any kind or unmatured nature whatsoever in each case solely arising out of such Seller’s ownership of the Company (whether directly or known indirectly) solely as to facts, conditions, transactions, events or unknowncircumstances prior to the Closing (the “Seller Released Matters”), and each Seller shall not, and shall cause the other Seller Releasing Parties not to, seek to recover any amounts in connection with such Seller Released Matters from any Seller Released Party; provided, however, that nothing contained in this Section 7.22 shall waive, release or discharge any Seller Released Party from, and the Seller Released Matters shall in no event include, any liability such person may have to any Seller Releasing Party with respect to (i) obligations under this Agreement or the Transaction Documents, (ii) any right to indemnification or exculpation under any agreements or Organizational Documents of the Company or the Company Subsidiaries, (iii) with respect to any compensation, salary, bonuses, vacation pay or any other employee benefits accrued pursuant to an Employee Benefit Plan or any expense reimbursement pursuant to a policy of the Company and (iii) any Interested Party Transactions set forth on Section 7.22 of the Company Disclosure Schedule. It is the intention of the Company and Guarantor each Seller in executing the release contained in this Section 7.22 and in giving and receiving the consideration called for in this Agreement, that this release that the same shall be effective as a bar to each full and every claim, demand final accord and cause satisfaction and general release of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes from all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORSeller Released Matters.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Letter Agreement (ESGEN Acquisition Corp), Letter Agreement (ESGEN Acquisition Corp)

Release. Company From and after the Effective Time, the Stockholder finally and forever releases Purchaser and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoCompany, and any and all participantstheir respective successors, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsassigns, officers, agentsdirectors, attorneysservants, employees and employees all affiliates and Subsidiaries, past and present, of Purchaser and the Company (the “Releasees”) from each and every agreement, commitment, indebtedness, obligation and claim of every nature and kind whatsoever, known or unknown, suspected or unsuspected (each, a “Claim” and collectively, the “Claims”) that (A) Stockholder may have had in the past, may have as of the date hereof or, to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the date hereof, may have after the date hereof against any of the foregoing, from any Releasees and all claims, demands (B) has arisen or causes arises directly out of action Stockholder’s interest as a stockholder of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which the Company or Guarantor has had, now has or has made claim any of its Subsidiaries; except with respect to have against (i) any such person for or by reason Claims arising under this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby and (ii) any agreement, commitment, indebtedness, obligation and claim of any actevery nature and kind whatsoever, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, suspected or unsuspected claim that has arisen or arises directly from an obligation on behalf of the Company or any of its Subsidiaries to indemnify or hold harmless the Stockholder (all such Claims being the “Released Claims”). It Without limiting the provisions set forth above, the Stockholder acknowledges that it has been advised by legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Pursuant to this statute, as well as any other statutes or common-law principles, whether of federal or state origin, of similar effect, the Stockholder expressly waives any rights with respect to any of the Released Claims, which the Stockholder may have. In connection with such waivers, the Stockholder acknowledges that it is aware that it may later discover claims presently unknown or unsuspected, or facts in addition to or different from those which it now knows or believes to be true, with respect to the matters released hereby. Nevertheless, it is the intention of the Company Stockholder through this release, fully, finally and Guarantor in executing this forever to settle and release all such claims and/or facts. The parties hereto intend that the same shall provisions regarding the Released Claims be effective construed as a bar to each broadly as possible, and every claimincorporate herein similar federal, demand and cause state or other laws, all of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiawhich, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claimsthe Released Claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsare similarly waived by the Stockholder.

Appears in 2 contracts

Samples: Stockholders’ Agreement (K&f Industries Inc), Stockholders’ Agreement (Meggitt USA Inc)

Release. Company In consideration of this agreement and the Guarantor signing the Acknowledgment performance thereof and Agreement of Guarantor set forth below hereby absolutely other good and unconditionally release valuable consideration, each Borrower forever releases and forever discharge Xxxxx Fargodischarges Agent, its affiliates, officers, directors, consultants, agents, and any employees, and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, their respective successors and assigns thereof, together with all of (collectively the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, "Released Parties") from any and all claimsactions, demands or causes of action action, suits, debts, dues, sums of any kindmoney, nature accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extent, executions, claims and demands whatsoever, in law, admiralty or descriptionequity, whether arising in law without defense, offset or equity or upon contract or tort or under any state or federal law or otherwisecounterclaim, which Company any Borrower, directly or Guarantor has hadindirectly, ever had or now has or has made claim to can, shall or may, have against any such person for of the Released Parties for, upon, or by reason of any act, omission, matter, cause or thing whatsoever arising from whatsoever. Each Borrower expressly and explicitly acknowledges that it is aware of and is knowingly waiving any rights that he, she, or it may have against the beginning Released Parties under the provisions of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under California Civil Code Section 1542 (and any similar principle of the Civil Code of the State of Californialaw under any other applicable jurisdiction), which providessection reads as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that " In addition to the foregoing, each may hereafter discover facts different of the Borrowers agrees to forever refrain and forbear from commencing, assisting, instituting, prosecuting or encouraging others to institute or prosecute any litigation, action, arbitration, administrative or other proceeding of any kind against any of the Released Parties directly or indirectly arising out of, resulting from or relating in addition any way to those now known the subject matter of or believed to be true with respect to such claims, demands, or causes the fact and course of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsconduct underlying the releases granted herein.

Appears in 2 contracts

Samples: Tarrant Apparel Group, Tarrant Apparel Group

Release. Company (a) Holdings and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below each other Loan Party hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges the Administrative Agent and the Lenders, and any and all of their respective participants, members, related funds, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoingforegoing (each a “Released Party”), from any and all claims, demands suits, investigations, proceedings, demands, obligations, liabilities, damages, losses, costs, expenses, or causes of action of any kind, nature or description, whether arising based in law law, equity, contract, tort, implied or equity express warranty, strict liability, criminal or upon contract or tort civil statute, common law, or under any state or federal law or otherwise, of any kind or character, known or unknown, past or present, liquidated or unliquidated, suspected or unsuspected, matured or unmatured, known or unknown, in each case, which Company Holdings or Guarantor such other Loan Party has had, now has has, or has made claim to have against any such person Released Party for or by reason of any act, omission, matter, cause or thing whatsoever arising from which relates, directly or indirectly to the beginning Credit Agreement or any other Loan Document, provided, however, that the foregoing shall not effect or otherwise constitute a release of time to and including any duties or obligations set forth in this Waiver, the date of this Amendment, whether such claims, demands and causes of action are matured Credit Agreement or unmatured or known or unknownthe other Loan Documents. It is the intention of the Company Holdings and Guarantor each other Loan Party in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified specified, and in furtherance of this intention the Company and Guarantor each it waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaCalifornia (or any comparable provision of any other applicable law), which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge Holdings and each other Loan Party acknowledges that each it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree agrees that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts. Holdings and each other Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

Appears in 2 contracts

Samples: Limited Waiver Agreement (BUILDING MATERIALS HOLDING Corp), Limited Waiver Agreement (BUILDING MATERIALS HOLDING Corp)

Release. Company To the extent permitted by applicable law, each Borrower and the each Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges each member of the Lender Group, each of their respective Affiliates, and any and all participantseach of their respective officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysemployees, and employees of any of agents (collectively, the foregoing“Released Parties”), from any and all claims, demands or demands, obligations, liabilities, causes of action action, damages, losses, costs and expenses of any kindkind or character, nature known or descriptionunknown, whether arising in law past or equity present, liquidated or upon contract unliquidated, suspected or tort or under any state or federal law or otherwiseunsuspected, which Company any Borrower or any Guarantor has ever had, now has or has made claim to might hereafter have against any such person for Released Party which relates, directly or by reason indirectly, to the Loan Agreement or any other Loan Document, or to any acts or omissions of any actsuch Release with respect to the Loan Agreement or any other Loan Document, omission, matter, cause or thing whatsoever arising from to the beginning of time to and including lender-borrower relationship evidenced by the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownLoan Documents. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar As to each and every claimclaim released hereunder, demand each Borrower and cause each Guarantor hereby represents that it has received the advice of action specified legal counsel with regard to the releases contained herein, and in furtherance having been so advised, each Borrower specifically waives, to the extent permitted by applicable law, the benefit of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under provisions of Section 1542 of the Civil Code of the State of California, California which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that As to each may hereafter discover facts different from and every claim released hereunder, each Borrower and each Guarantor also waives the benefit of each other similar provision of applicable federal or in addition state law, if any, pertaining to those now known or believed to be true general releases after having been advised by its legal counsel with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthereto.

Appears in 2 contracts

Samples: Loan and Security Agreement and Consent (Poster Financial Group Inc), Loan and Security Agreement (Poster Financial Group Inc)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any In consideration of the foregoing, Buyer hereby releases Seller and its direct and indirect members, managers, partners, officers, directors, shareholders, trustors, trustees, beneficiaries, agents, affiliates, employees and successors and assigns from and against any and all complaints, claims, demands or charges, claims for relief, demands, suits, actions and causes of action of any kind, nature or descriptionaction, whether arising in law or equity in equity, which Buyer asserts or upon contract or tort could assert at common law or under any statute, rule, regulation, order or law, whether federal, state or federal law local, on any ground whatsoever, whether or otherwisenot known, which Company suspected, liquidated, contingent or Guarantor has hadmatured, now has or has made claim with respect to have against any such person for or by reason of any act, omissionevent, matter, cause claim, occurrence, damages or thing whatsoever injury (collectively, “Claims”), to the extent arising from out of or in connection with the beginning of time Property. Buyer agrees that there is a risk that subsequent to and including the date execution of this AmendmentAgreement, whether Buyer will suffer losses, damages or injuries which are unknown and unanticipated at the time this Agreement is signed. Buyer hereby assumes such claims, demands risk and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release agrees that the same shall be effective as a bar to each and every claimrelease contained in this Paragraph 11(b) SHALL APPLY TO ALL UNKNOWN OR UNANTICIPATED CLAIMS, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaAS WELL AS THOSE KNOWN AND ANTICIPATED, which providesAND BUYER DOES HEREBY WAIVE ANY AND ALL RIGHTS UNDER CALIFORNIA CIVIL CODE SEC. 1542, WHICH SECTION HAS BEEN DULY EXPLAINED AND READS AS FOLLOWS: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” ____________ Buyer’s Initials The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed foregoing release shall be effective as of the Effective Date and shall be deemed to be true remade and reaffirmed as of the Contingency Date and as of the Close of Escrow. Notwithstanding anything stated to the contrary in this Agreement, the foregoing release shall not extend to (and shall expressly exclude) claims arising from (i) Seller’s intentional fraud, (ii) Seller’s breach of its express representations, warranties, covenants and obligations (including indemnity obligations) under this Agreement and the documents executed by Seller upon the Close of Escrow or (iii) any third party breach of contract claims (with respect to such claimscontracts to which Seller is a party, demandsbut only to the extent of any obligations and liabilities thereunder that were not expressly assumed by Buyer) or third party tort claims brought against Buyer for personal injury, wrongful death or personal property damage, in each case arising out of events occurring during Seller’s ownership of the Property (provided that, in no event will Seller be required to repair or remediate, or causes pay for the repair or remediation of, physical or environmental conditions on the Property after Close of action and agree that Escrow). The provisions of this instrument Paragraph 11 shall be and remain effective in all respects notwithstanding any such differences or additional factssurvive the Close of Escrow.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Strategic Realty Trust, Inc.), Agreement of Purchase and Sale and Joint Escrow Instructions (Strategic Realty Trust, Inc.)

Release. Company From and after the Effective Time, each Stockholder finally and forever releases Purchaser and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoCompany, and any and all participantstheir respective successors, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsassigns, officers, agentsdirectors, attorneysservants, employees and employees all affiliates and Subsidiaries, past and present, of Purchaser and the Company (the “Releasees”) from each and every agreement, commitment, indebtedness, obligation and claim of every nature and kind whatsoever, known or unknown, suspected or unsuspected (each, a “Claim” and collectively, the “Claims”) that (A)such Stockholder may have had in the past, may have as of the date hereof or, to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the date hereof, may have after the date hereof against any of the foregoing, from any Releasees and all claims, demands (B) has arisen or causes arises directly out of action such Stockholder’s interest as a stockholder of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which the Company or Guarantor has had, now has or has made claim any of its Subsidiaries; except with respect to have against (i) any such person for or Claims as are contemplated by reason this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby and (ii) any agreement, commitment, indebtedness, obligation and claim of any actevery nature and kind whatsoever, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, suspected or unsuspected claim that has arisen or arises directly from an obligation on behalf of the Company or any of its Subsidiaries to indemnify or hold harmless such Stockholder (all such Claims being the “Released Claims”). It Without limiting the provisions set forth above, each Stockholder acknowledges that it has been advised by legal counsel and is familiar with the provisions of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Pursuant to this statute, as well as any other statutes or common-law principles, whether of federal or state origin, of similar effect, such Stockholder expressly waives any rights with respect to any of the Released Claims, which such Stockholder may have. In connection with such waivers, such Stockholder acknowledges that it is aware that it may later discover claims presently unknown or unsuspected, or facts in addition to or different from those which it now knows or believes to be true, with respect to the matters released hereby. Nevertheless, it is the intention of the Company such Stockholder, and Guarantor in executing each of them, through this release, fully, finally and forever to settle and release all such claims and/or facts. The parties hereto intend that the same shall provisions regarding the Released Claims be effective construed as a bar to each broadly as possible, and every claimincorporate herein similar federal, demand and cause state or other laws, all of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiawhich, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claimsthe Released Claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsare similarly waived by each Stockholder.

Appears in 2 contracts

Samples: Stockholders’ Agreement (Meggitt USA Inc), Stockholders’ Agreement (K&f Industries Inc)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below I, Xxxxxxxxxxx Xxxxx, do hereby absolutely and unconditionally release and forever discharge Xxxxx FargoHealthier Choices Management Corp. and each of its parent companies, and any and all participantssubsidiaries, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all each of the present respective direct and former directors, officers, agents, attorneys, and employees indirect equity owners of any of the foregoing, each of the respective Affiliates of any of the foregoing, and each of the respective officers, directors, members, managers, partners, equity owners, employees, representatives and agents of any of the foregoing (collectively, the “Employer Affiliates”, and each an “Employer Affiliate”) from any and all claims, demands or causes of action of any kind, nature or descriptionliabilities whatsoever, whether arising in law known or equity unknown or upon contract or tort or under any state or federal law or otherwisesuspected to exist by me, which Company I ever had or Guarantor has had, may now has or has made claim to have against any such person for or by reason of any actEmployer Affiliate, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this AmendmentEffective Date (as defined below), whether such including, without limitation, any claims, demands or liabilities in connection with my employment, including wrongful termination, constructive discharge, breach of express or implied contract, unpaid wages, benefits, attorneys’ fees or pursuant to any federal, state, or local employment laws, regulations, or executive orders prohibiting inter alia, age, race, color, sex, national origin, religion, handicap, veteran status, and causes disability discrimination, including, without limitation, the Age Discrimination in Employment Act, Title VII of action are matured the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, the Civil Rights Act of 1866, the Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act of 1990, and any similar state statute or unmatured any state statute relating to employee benefits or known pensions but specifically excluding claims, demands or unknown. It is the intention liabilities related to my ownership of equity in Holdings or for indemnification in connection with my service as a director or officer of the Company and Guarantor in executing this release or any of its Affiliates. I fully understand that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true if any fact with respect to which this Release is executed is found hereafter to be other than or different from the facts believed by me to be true, I expressly accept and assume the risk of such claims, demands, or causes of action possible difference in fact and agree that this instrument the release set forth herein shall be and remain effective notwithstanding such difference in all respects notwithstanding fact. I acknowledge and agree that no consideration other than as provided for by the Amended and Restated Employment Agreement has been or will be paid or furnished by any such differences or additional factsEmployer Affiliate.

Appears in 2 contracts

Samples: Second Amended And (Healthier Choices Management Corp.), Employment Agreement (Healthier Choices Management Corp.)

Release. Company and In consideration for the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Payment described in section 1 above, Employee hereby absolutely irrevocably and unconditionally release releases and forever discharge Xxxxx Fargodischarges the Company, its predecessors, successors, subsidiaries, affiliates and benefit plans, and any each and all participantsevery past, parent corporationspresent and future officer, subsidiary corporationsdirector, affiliated corporationsemployee, insurersrepresentative and attorney of the Company, indemnitorsits predecessors, successors, subsidiaries, affiliates and benefit plans, and their successors and assigns thereof(collectively referred to herein as the "Releasees"), together from any, every, and all charges, complaints, claims, causes of action, and lawsuits of any kind whatsoever, including, to the extent permitted under the law, all claims which Employee has against Releasees, or any of them, arising from or in any way related to circumstances or events arising out of Employee's employment by the Company. EMPLOYEE ALSO SPECIFICALLY AGREES AND ACKNOWLEDGES THAT EMPLOYEE IS WAIVING ANY RIGHT TO RECOVERY AGAINST RELEASEES BASED ON STATE OR FEDERAL AGE ANTI-DISCRIMINATION LAWS, INCLUDING WITHOUT LIMITATION, THE AGE DISCRIMINATION AND EMPLOYMENT ACT OF 1967, AS AMENDED, WHETHER SUCH CLAIM BE BASED UPON AN ACTION FILED BY EMPLOYEE OR A GOVERNMENTAL AGENCY. Provided, however, that nothing in the foregoing or otherwise in this Agreement is intended to waive any of Employee's rights to have the Company defend and/or indemnify him in accordance with all the General Corporation Law of Delaware and the Bylaws of the present Company, as the same now exist or may hereafter be amended, against expenses (including attorneys' fees), judgments, fines and former directorsamounts paid in settlement actually and reasonably incurred in connection with any threatened, officerspending or completed action, agentssuit, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature proceeding in which Employee was or description, whether arising in law is a party or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has is threatened to be made claim to have against any such person for or a party by reason of any act, omission, matter, cause the fact that Employee is or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured was a director or unmatured or known or unknown. It is the intention officer of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORCompany.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Callaway Golf Co /Ca, Callaway Golf Co /Ca

Release. Company By this Agreement, Borrower, Guarantor, Christie Tyler, Keenan Cheung, CRD Holdings, and the Guarantor signing the Acknowledgment CRD Arizona ("Releasxxx") xxx xxxxsexxxx, xxxxx xuccessors and Agreement of Guarantor set forth below hereby absolutely and unconditionally release assigns, release, acquit and forever discharge Xxxxx FargoLender, and any and all participantsits agents, parent corporationsservants, subsidiary corporationssuccessors, affiliated corporationsheirs, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsexecutors, officers, agentsdirectors, shareholders, employees, attorneys, and employees of or any of the foregoingparent, subsidiary or affiliate entity, past, present or future, from any and all rights, claims, demands or demands, losses, debts, damages, obligations, costs, including attorneys' fees, liabilities, rights of action, causes of action action, suits, liens, expenses, compensation, indemnities, responsibilities or damage of any kind, nature or descriptionevery kind and nature, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, or suspected or unsuspected, which Releasors ever had or now have or make claim to or have against Lender of any type, nature or description arising out of, relating to, or in any way connected with the Loan Documents, the Action or the Gisa Transaction. It is the intention of the Company and Guarantor in executing Releasors that this release that the same Agreement shall be effective as a bar to full and final release of each and every claim, demand obligation and cause of action specified and in matter included within the claims released herein. In furtherance of this intention intention, Releasors hereby expressly waive the Company provisions of California Civil Code section 1542 or any similar state or federal law, which provides that: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor. Releasors acknowledge, warrant and Guarantor each waives and relinquishes all rights and benefits under Section represent that they are familiar with section 1542 of the California Civil Code and that the effective import of that provision has been fully explained to them by their attorneys, and specifically waive and relinquish any right or benefit which they may have under California Civil Code section 1542 to the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties full extent they may lawfully waive such right or benefit. In connection with such waiver and relinquishment Releasors acknowledge that each they fully understand that they may hereafter discover facts different from or in addition to or different from those which they now known know or believed believe to be true with respect to such the subject matter of this Agreement, but that it is their intention hereby to fully, finally and forever release the claims, demandsreleased herein, known or causes unknown, suspected or unsuspected, which now exist, may exist in the future and heretofore have existed, and that in furtherance of action and agree that this instrument such intention, the release given herein shall be and remain effective in all respects effect as a full and complete release of the matters released herein, notwithstanding the discovery or existence of any such differences additional or additional different facts.

Appears in 2 contracts

Samples: Forbearance Agreement and Release (CRD Holdings Inc), Forbearance Agreement and Release (Maii Holdings Inc)

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Release. Company (a) Holdings and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below each other Loan Party hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges the Administrative Agent and the Lenders, and any and all of their respective participants, members, related funds, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoingforegoing (each a “Released Party”), from any and all claims, demands suits, investigations, proceedings, demands, obligations, liabilities, damages, losses, costs, expenses, or causes of action of any kind, nature or description, whether arising based in law law, equity, contract, tort, implied or equity express warranty, strict liability, criminal or upon contract or tort civil statute, common law, or under any state or federal law or otherwise, of any kind or character, known or unknown, past or present, liquidated or unliquidated, suspected or unsuspected, matured or unmatured, known or unknown, in each case, which Company Holdings or Guarantor such other Loan Party has had, now has has, or has made claim to have against any such person Released Party for or by reason of any act, omission, matter, cause or thing whatsoever arising from which relates, directly or indirectly to the beginning Credit Agreement or any other Loan Document, provided, however, that the foregoing shall not effect or otherwise constitute a release of time to and including the date of any duties or obligations set forth in this Amendment, whether such claims, demands and causes of action are matured the Credit Agreement or unmatured or known or unknownthe other Loan Documents. It is the intention of the Company Holdings and Guarantor each other Loan Party in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified specified, and in furtherance of this intention the Company and Guarantor each it waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaCalifornia (or any comparable provision of any other applicable law), which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HIM, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge Holdings and each other Loan Party acknowledges that each it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree agrees that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts. Holdings and each other Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)

Release. Company and The Borrower, the Guarantor by signing the Acknowledgment and Agreement of Guarantor set forth below below, and the Subordinated Creditors by signing the Acknowledgment and Agreement of Subordinated Creditors set forth below, hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges the Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company the Borrower, the Guarantor or Guarantor each Subordinated Creditor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company Borrower, the Guarantor and Guarantor each Subordinated Creditor in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified specified, and in furtherance of this intention the Company and Guarantor each it waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Corsair Components, Inc.)

Release. Company For purposes of this Paragraph 6, the term “Borrower Parties” shall mean Borrowers and Guarantors collectively and the Guarantor signing the Acknowledgment term “Lender Parties” shall mean Administrative Agent, Lenders and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoIssuing Bank, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitorsshall include each of their respective predecessors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysassigns, and employees each past and present, direct and indirect, parent, subsidiary and affiliated entity of any each of the foregoing, from and each past and present employee, agent, attorney in fact, attorney at law, representative, officer, director, shareholder, partner and joint venturer of each of the foregoing, and each heir, executor, administrator, successor and assign of each of the foregoing; references in this paragraph to “any” of such parties shall be deemed to mean “any one or more” of such parties; and all references in this sentence to “each of the foregoing” shall mean and refer cumulatively to each party referred to in this sentence up to the point of such reference. Each Borrower and each Guarantor hereby acknowledges, represents and agrees: that, as of the date hereof, Borrowers and Guarantors have no defenses, setoffs, claims, demands counterclaims or causes of action of any kind, kind or nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such the Credit Agreement, the Subsidiary Guaranty Agreement, the other Loan Documents or the Obligations, or with respect to any other documents or instruments now or heretofore evidencing, securing or in any way relating to the Obligations (all of said defenses, setoffs, claims, demands, counterclaims or causes of action being hereinafter referred to as “Loan Related Claims”); that, to the extent that Borrowers or Guarantors may be deemed to have any Loan Related Claims as of the date hereof, Borrowers and agree Guarantors do hereby expressly waive, release and relinquish any and all such Loan Related Claims, whether or not known to or suspected by Borrowers and Guarantors; that Borrowers and Guarantors shall not institute or cause to be instituted any legal action or proceeding of any kind based upon any Loan Related Claims; and that Borrowers and Guarantors shall indemnify, hold harmless and defend all Lender Parties from and against any and all Loan Related Claims and any and all losses, damages, liabilities and related reasonable expenses (including reasonable fees, charges and disbursements of any counsel for any Lender Parties) suffered or incurred by any Lender Parties as a result of any assertion or allegation by any Borrower Parties of any Loan Related Claims or as a result of any legal action related thereto, provided that such indemnity shall not, as to any Lender Parties, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (i) the gross negligence or willful misconduct of such Lender Parties or (ii) a claim brought by any Borrower or Guarantor against any Lender Parties for breach in bad faith of such Lender Parties’ obligations under any Loan Document. Notwithstanding the foregoing provisions of this instrument shall be Paragraph 8, Borrowers and remain effective in all respects notwithstanding Guarantors make no such releases, representations, warranties, standstills or agreements with respect to any such differences or additional factsfuture Loan Related Claims.

Appears in 2 contracts

Samples: Loan Documents Modification Agreement (PRGX Global, Inc.), Loan Documents Modification Agreement (PRGX Global, Inc.)

Release. Company As of the Closing, Recipient shall hereby fully and the Guarantor signing the Acknowledgment irrevocably releases Contributor and Agreement all persons and entities acting by or on behalf of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoContributor, and any all direct and all participantsindirect parents, parent corporationsmembers, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorspartners, officers, agentsdirectors, attorneys, shareholders and employees of Contributor and any of the foregoing, and any agent, affiliate, successor or assign of Contributor and any of the foregoing (collectively, the “Contributor Group”) from any and all claimsclaims that Recipient may have or thereafter acquire against Contributor and/or the Contributor Group (except to the extent such claim arises from a third party claim against Recipient relating to an incident occurring prior to the Closing Date) for any cost, demands loss, liability, damage, expense, demand, action or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance ("Claims") arising from or related to any matter of this intention any nature relating to, the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 Property including the physical condition of the Property, any latent or patent construction defects, errors or omissions, compliance with law matters, Hazardous Substances and other environmental matters within, under or upon, or in the vicinity of the Property, including any environmental laws. The foregoing release by Recipient shall include any Claims that Recipient may have pursuant to any statutory or common law right Recipient may have to receive disclosures from Contributor, including any disclosures as to the Property's location within areas designated as subject to flooding, fire, seismic or earthquake risks by any federal, state or local entity, the presence of Hazardous Substances on or beneath the Property, the need to obtain flood insurance, the certification of water heater bracing or the advisability of obtaining title insurance, or any other condition or circumstance affecting the Property, its financial viability, use or operation, or any portion thereof. This release includes Claims of which Recipient is presently unaware or which Recipient does not presently suspect to exist in its favor which, if known by Recipient, would materially affect Recipient’s release of Contributor or the Contributor Group. In connection with the general release set forth in this Section 9.5, Recipient specifically waives the provisions of California Civil Code Section 1542, which provides as follows: "A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release, and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party." /s/ GS Recipient's Initials Notwithstanding anything to the contrary set forth in this Section 9.5, the foregoing release is not intended to and does not cover: (i) any claims arising from a breach of Contributor’s Express Representations and (ii) any other breach by Contributor of an Express Representation, warranty or obligation of Contributor under this Agreement or any of the State of California, closing documents which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORby its terms survives the Closing.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Match Group, Inc.), Assignment and Assumption Agreement (Iac/Interactivecorp)

Release. Company and Each of the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Loan Parties hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has the Loan Parties have had, now has have or has have made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor Loan Parties in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor Loan Parties each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 2 contracts

Samples: Credit and Security Agreement (Inseego Corp.), Credit and Security Agreement and Consent (Inseego Corp.)

Release. In consideration of the Required Holder(s) entering into this letter, each of the Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Guarantors hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges each Holder, and any and all participantseach of such Holder’s predecessors, parent corporationssuccessors, subsidiary corporationsassigns, affiliated corporationsofficers, insurersmanagers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officersemployees, agents, attorneys, representatives, and employees of any affiliates (hereinafter all of the foregoingabove collectively referred to as the “Holder Group”), from any and all claims, demands or counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any kindnature whatsoever, nature in each case to the extent arising in connection with the Note Agreement, the Notes, any Guaranty Agreement or descriptionany documents related thereto (collectively, the “Note Documents”) or any of the negotiations, activities, events or circumstances arising out of or related to the Note Documents through the date of this letter, whether arising in at law or equity in equity, whether known or upon contract unknown, whether liability be direct or tort indirect, liquidated or under any state unliquidated, whether absolute or federal law contingent, foreseen or otherwiseunforeseen, and whether or not heretofore asserted, which the Company or Guarantor has had, now has any of the Guarantors may have or has made claim to have against any such person for of the Holder Group; provided, that nothing herein will constitute a release or by reason discharge of any act, omission, matter, cause the agreements set forth herein or thing whatsoever arising of the effectiveness of the Note Documents from the beginning of time to and including after the date of this Amendmenthereof. Very Truly Yours, whether such claimsPRUDENTIAL INVESTMENT MANAGEMENT, demands INC. THE PRUDENTIAL INSURANCE COMPANY OF AMERICA By: /s/ XXXXXX XXXXXXX Vice President PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY By: /s/ XXXXXX XXXXXXX Assistant Vice President PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY By: Prudential Investment Management, Inc. (as (Investment Manager) By: /s/ XXXXXX XXXXXXX Vice President FORETHOUGHT LIFE INSURANCE COMPANY MODERN WOODMEN OF AMERICA ZURICH AMERICAN INSURANCE COMPANY COMPANION LIFE INSURANCE COMPANY UNITED OF OMAHA LIFE INSURANCE COMPANY By: Prudential Private Placement Investors, L.P. (as Investment Advisor) By: Prudential Private Placement Investors, Inc. (as its General Partner) By: /s/ XXXXXX XXXXXXX Vice President Amendment No. 7 to Note Purchase and causes of action are matured or unmatured or known or unknownPrivate Shelf Agreement Accepted and Agreed: WAUSAU PAPER CORP. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claimBy: /s/ XXXXXX X. XXXXXX Name: Xxxxxx X. Xxxxxx Title: SVP/CFO WAUSAU PAPER TOWEL & TISSUE, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which providesLLC By: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts./s/ XXXXXX X. XXXXXX Name: Xxxxxx X. Xxxxxx Title: SVP/CFO 04926-0299 CH2\14779270.3

Appears in 1 contract

Samples: Note Agreement (Wausau Paper Corp.)

Release. Company In consideration of Agent and Lenders entering into this Amendment, each of Borrower and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Guarantors hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges Agent and Lenders, and any and all participantstheir successors, assigns, agents, shareholders, members, directors, officers, employees, agents, attorneys, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysaffiliates, and employees each of any of the foregoingthem, from any and all claims, demands or debts, Obligations, demands, obligations, costs, expenses, actions and causes of action action, of any kind, every nature or and description, known and unknown, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisenot related to the subject matter of this Amendment, which Company Borrower or any Guarantor has had, now has or has made claim to have against at any such person for or time may hold, by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time occurred, done, omitted or suffered to and including be done prior to the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention Each of the Company Borrower and Guarantor the Guarantors waives the benefits of any law, which may provide in substance: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing this release the release, which if known by him must have materially affected his settlement with the debtor." Each of the Borrower and the Guarantors understands that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, facts which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed it believes to be true with respect at the time of making the release provided for herein may later turn out to be different than it now believes, and that information which is not know known or suspected may later be discovered. Each of the Borrower and the Guarantors accepts this possibility, and each of the Borrower and the Guarantors assumes the risk of the facts turning out to be different and new information being discovered; and each of the Borrower and the Guarantors further agrees that the release provided for herein shall in all respects continue to be effective and not subject to termination or rescission because of any difference in such facts or any new information. This release is fully effective on the date hereof. Agent and Lenders are not releasing any Borrower or Guarantors from any claims, debts, Obligations, demands, obligations, costs, expenses, actions or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsaction.

Appears in 1 contract

Samples: Term Loan and Security Agreement and Waiver (Easy Gardener Products LTD)

Release. Company Certain capitalized terms used in this Release are defined in the Executive Severance Benefits Agreement (the “Agreement”), which I have executed and of which this Release is a part. I hereby confirm my obligations under the Guarantor signing Company’s proprietary information and inventions agreement. I acknowledge that I have read and understand Section 1542 of the Acknowledgment California Civil Code which reads as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” I hereby expressly waive and Agreement relinquish all rights and benefits under that section and any law of Guarantor any jurisdiction of similar effect with respect to my release of any claims I may have against the Company. Except as otherwise set forth below in this Release, I hereby absolutely and unconditionally release release, acquit and forever discharge Xxxxx Fargothe Company, its parents and subsidiaries, and any and all participantstheir officers, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysservants, employees, shareholders, successors, assigns and employees affiliates, of any of the foregoing, and from any and all claims, demands or liabilities, demands, causes of action action, costs, expenses, attorneys fees, damages, indemnities and obligations of any kindevery kind and nature, nature or descriptionin law, whether arising in law or equity or upon contract or tort or under any state or federal law equity, or otherwise, which known and unknown, suspected and unsuspected, disclosed and undisclosed (other than any claim for indemnification I may have as a result of any third party action against me based on my employment with the Company), arising out of or in any way related to agreements, events, acts or conduct at any time prior to the date I execute this Release, including, but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the Company or Guarantor has hadthe termination of that employment, now has including but not limited to, claims of intentional and negligent infliction of emotional distress, any and all tort claims for personal injury, claims or has made claim demands related to have against salary, bonuses, commissions, stock, stock options, or any such person for other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or by reason any other form of disputed compensation; claims pursuant to any actfederal, omission, matter, cause state or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured local law or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Employee Retirement Income Security Act of 1974, as amended; the federal Americans with Disabilities Act of 1990; the California Fair Employment and Housing Act, as amended; tort law; contract law; statutory law; common law; wrongful discharge; discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing; provided, however, that nothing in furtherance of this intention paragraph shall be construed in any way to release the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of from its obligation to indemnify me pursuant to the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORCompany’s indemnification obligation pursuant to agreement or applicable law.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Monogram Biosciences, Inc.)

Release. Company and Upon the Guarantor signing satisfaction of the Acknowledgment and Agreement obligations of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargothe Guarantors hereunder, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all when none of the present Guarantors is subject to any obligation hereunder or under the Credit Agreement or any of the other Loan Documents, the Agent shall deliver to the Guarantors, upon written request therefor, (i) a written release of this Guaranty and former directors(ii) appropriate discharges of any Collateral provided by the Guarantors for this Guaranty; provided however that, officersthe effectiveness of this Guaranty shall continue or be reinstated, agentsas the case may be, attorneysin the event: (x) that any payment received or Credit given by the Agent or the Lenders, or any of them, is returned, disgorged, rescinded or required to be recontributed to any party as an avoidable preference, impermissible setoff, fraudulent conveyance, restoration of capital or otherwise under any applicable state, federal or national law of any jurisdiction, including laws pertaining to bankruptcy or insolvency, and employees this Guaranty shall thereafter be enforceable against the Guarantors as if such returned, disgorged, recontributed or rescinded payment or Credit has not been received or given by the Agent or the Lenders, and whether or not the Agent or any Lender relied upon such payment or Credit or changed its position as a consequence thereof or (y) that any liability is imposed, or sought to be imposed against the Agent or the Lenders, or any of them, relating to the environmental condition of any of property mortgaged or pledged to Agent on behalf of the foregoingLenders by any Guarantor, from Company, any and all claimsPermitted Borrower or any other party as collateral (in whole or part) for any indebtedness or obligation evidenced or secured by this Guaranty, demands whether such condition is known or causes of action unknown, now exists or subsequently arises (excluding only conditions which arise after acquisition by Agent or any Lender of any kindsuch property, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law lieu of foreclosure or otherwise, due to the wrongful act or omission of Agent or such Lender) in which Company event this Guaranty shall thereafter be enforceable against the Guarantors to the extent of all liabilities, costs and expenses (including reasonable attorneys fees) incurred by Agent or Guarantor has had, now has Lenders as the direct or has made claim to have against indirect result of any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date environmental condition. For purposes of this AmendmentGuaranty "environmental condition" includes, whether such claimswithout limitation, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true conditions existing with respect to such claimsthe surface or ground water, demandsdrinking water supply, land surface or causes of action subsurface strata and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthe ambient air.

Appears in 1 contract

Samples: Joinder Agreement (Vishay Intertechnology Inc)

Release. Company Each of Seller and, by its acknowledgement below, Existing Guarantor agrees that upon closing of the transaction contemplated by this Agreement and the recordation of this Agreement, each of Seller and Existing Guarantor signing shall be deemed, without the Acknowledgment necessity of any additional instrument, to have released Lender and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargoits officers, directors, employees, agents, and attorneys of and from any and all participantspast and present claims, parent corporationsdemands, subsidiary corporationsdamages, affiliated corporationscauses, insurerslosses, indemnitorsexpenses, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysactions, and employees causes of any action including, without limiting the generality of the foregoing, from any and all claimsknown and unknown injuries and damages with respect to or arising out of (i) the transactions represented by the Note, demands the Security Instrument, the Existing Environmental Indemnity, the Existing Guaranty and the Other Loan Documents, (ii) the administration of the loan evidenced by the Note, the Security Instrument, the Existing Environmental Indemnity, the Existing Guaranty and the Other Loan Documents, or causes (iii) all matters related to said loan in any respect. Each of action Seller and Existing Guarantor hereby expressly understands and agrees that this release and waiver extends to all claims of any kindevery nature whatsoever, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, suspected or unsuspected, existing, claiming to exist, or which may hereafter arise out of or result from, or be connected with, the matters and things covered as described herein. It The rights and defenses being waived and released hereunder include without limitation any claim or defense based on the Lender having charged or collected interest at a rate greater than that allowed to be contracted for by applicable law; provided, however, that in no event shall such waiver and release be deemed a change to, or modify the terms of, the Note, the Security Instrument, or the Other Loan Documents which provide that sums paid or received in excess of the maximum rate allowed by applicable law, as amended from time to time, shall reduce the principal sum due, said provision to be in full force and effect. Seller and Existing Guarantor acknowledge and agree that they have been informed by their attorneys of, are familiar with, and hereby expressly waive the provisions of, Section 1542 of the California Civil Code, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” Seller and Existing Guarantor acknowledge and agree that they may hereafter discover claims presently unknown or unsuspected or facts in addition to or which are different from those which they now know or believe to be true as to the matters herein released. Nevertheless, it is the intention of the Company Seller and Existing Guarantor in executing this and each of them to fully, finally and forever release that the same shall be effective as a bar to each and every claimall such claims which now exist, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now whether known or believed unknown to be true with respect them and whether or not such claims become known to such claims, demands, or causes of action and agree that this instrument shall be and remain effective them in all respects notwithstanding any such differences or additional factsthe future.

Appears in 1 contract

Samples: Assumption and Modification Agreement (Maguire Properties Inc)

Release. Company (a) Effective on and as of the Guarantor signing the Acknowledgment Third Amendment Effective Date, Borrower, for itself and Agreement on behalf of Guarantor set forth below its successors, assigns, and present and future stockholders, officers, directors, Affiliates, employees, agents and attorneys, hereby absolutely and unconditionally release remises, releases and forever discharge Xxxxx Fargo, discharges Lender and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the its present and former officers, directors, officerspartners (general and limited), stockholders, employees, agents, attorneys, successors and employees of any of the foregoing, assigns from and against any and all claims, demands or rights, actions, causes of action action, suits, liabilities, defenses, damages, losses, costs and expenses (including attorneys' fees), of any kindwhatever nature, nature type or description, that are based upon, relate to or arise out of any facts, acts, omissions, events or circumstances existing or occurring on or prior to the Third Amendment Effective Date, whether arising in law out of or equity otherwise related to this Amendment, the Loan Agreement or upon contract any other Loan Document, any of the transactions contemplated hereby or tort thereby, the administration or under enforcement of the Obligations, any state related discussions or federal law negotiations or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, in each case whether such claims, demands and causes of action are matured or unmatured or known or unknown, existing or potential or suspected or unsuspected. It is the intention of the Company Borrower waives any and Guarantor in executing this release that the same shall be effective as a bar to each and every claimall claims, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits it may have under Section any law of any jurisdiction that would render ineffective a release made by a creditor of claims that the creditor does not know or suspect to exist in its favor at the time of executing the release and that, if known by it, would have materially affected its settlement with the applicable debtor. Borrower acknowledges that it is aware of the following provisions of section 1542 of the California Civil Code of the State of California, which providesCode: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge . Borrower expressly and voluntarily waives each and all claims, rights, or benefits it has or may have under section 1542 of the California Civil Code, or any other similar law of any other jurisdiction, to the full extent that each it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to lawfully waive such claims, demandsrights and benefits in connection with this release. Borrower acknowledges that (a) it has been represented by independent legal counsel of its own choice throughout all of the negotiation that preceded the execution of this Amendment and that it has executed this Amendment after receiving the advice of such independent legal counsel, and (b) it and its respective counsel have had an adequate opportunity to make whatever investigation or causes of action and agree that inquiry they deem necessary or desirable in connection with the release contained in this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsSection 10.

Appears in 1 contract

Samples: Loan and Security Agreement (Overhill Farms Inc)

Release. Effective upon the payment by Purchaser, the Blockers, the Company or any of the Company’s Subsidiaries to the Representative of any Special Receivables Amount (or with respect to any payments in respect of any Special Receivables that have not been actually received by Purchaser, the Blockers, the Company or any of the Company’s Subsidiaries prior to the expiration of the Collection Period, upon the expiration of the Collection Period), except in respect of any claims for a breach of Section 5.11 or Section 7.16 by, or the willful misconduct or bad faith of, Purchaser, the Blockers, the Company or any of the Company’s Subsidiaries, each Seller, in its capacity as such, on behalf of itself and the Guarantor signing the Acknowledgment its Affiliates, assigns and Agreement heirs (in each case in their capacity as an Affiliate, assign or heir of Guarantor set forth below a Seller hereunder), hereby absolutely unconditionally and unconditionally release irrevocably waives, releases and forever discharge Xxxxx Fargodischarges each of Purchaser, the Blockers, the Company, the Company’s Subsidiaries and any each of their respective past and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, employees, agents, attorneyspredecessors, successors, assigns, equityholders, partners, insurers, and employees of any of Affiliates (each in their capacity as such, the foregoing, “Released Parties”) from any and all claims, demands or causes of action liabilities of any kindkind or nature whatsoever, nature in each case whether absolute or descriptioncontingent, whether liquidated or unliquidated, known or unknown, related to, arising out of or in law or equity or upon contract or tort or under connection with such Special Receivables Amount and the matter(s) underlying such Special Receivables Amount (and any state or federal law or otherwisepayments in respect of any Special Receivables that have not been actually received by Purchaser, which the Blockers, the Company or Guarantor has hadany of the Company’s Subsidiaries prior to the expiration of the Collection Period, if applicable) which such Seller now has or has made claim to may hereafter have against the Released Parties, and such Seller shall not seek to recover any such person for amounts in connection therewith or by reason of any act, omission, matter, cause or thing whatsoever arising thereunder from the beginning of time to and including Released Parties. To the date of this Amendmentextent permitted by applicable Law, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each Seller expressly waives and relinquishes all rights and benefits under Section 1542 afforded by any statute which limits the effect of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true a release with respect to such unknown claims, demands, or causes and each Seller understands the significance of action its release of unknown claims and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsits waiver of statutory protection against a release of unknown claims.

Appears in 1 contract

Samples: Purchase Agreement (Ignite Restaurant Group, Inc.)

Release. Company and On the Guarantor signing Respondent complying with clauses 3.1 to 3. 5 above, the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release Applicant releases and forever discharge Xxxxx Fargodischarges and releases the Respondent, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former its directors, officersapplicants, agents, attorneys, and employees of any of the foregoing, assignees or successors from any and liability past, present or future from all claims, demands suits, demands, actions or causes proceedings arising out of action or connected with the Applicant’s employment with the Respondent, including but not limited to the cessation of the employment. The Respondent releases and forever discharges and releases the Applicant from any kindliability past, nature present or descriptionfuture from all claims, whether suits, demands, actions or proceedings arising out of or connected with the Applicant’s employment with the Respondent, including but not limited to the cessation of the employment. N othing in these terms of settlement affects any claims, suits, demands, actions or proceedings the Applicant has or may have under statute, an industrial instrument, or common law for a work-related injury, illness, disease or equity or upon contract or tort death, or under any state or federal law or otherwisesuperannuation legislation. Notice of Discontinuance O n receipt by the Applicant of the payment referred to at 3.1, which Company or Guarantor has hadthe Statement of Service referred to at 3.5, now has or has made claim to have against any such person for or by reason and the signing and exchange of any actthis Deed of Release, omissionthe Applicant will, matterwithin seven (7) days, cause or thing whatsoever arising from file a Notice of Discontinuance at the beginning Federal Circuit Court, and served a sealed copy on the Respondent within seven (7) days of time to and including the date of filing. Costs E ach party must pay its own legal costs of and incidental to this AmendmentAgreement. Confidentiality T he Applicant and the Respondent will keep the provisions of these terms of settlement confidential, whether such claims, demands provided that the Applicant and causes of action are matured the Respondent may disclose the provisions to their legal or unmatured financial advisers or known or unknown. It is the intention any other person that by law must be informed of the Company and Guarantor provisions. Non Disparagement Neither the Applicant nor the Respondent will disparage or denigrate the other Counterparts These Terms of Settlement may be executed in executing this release counterparts, meaning that the execution will be complete when each party holds a copy of this Terms of Settlement signed by the other party, even though the signatures of both parties do not appear on the same shall be effective copy. Governing Law The laws of New South Wales govern this Agreement and each party agrees to submit to the jurisdiction of the Courts of New South Wales. Signed, sealed and delivered by in the presence of Xxx-Xx Geun Xxxx Xxxxxxxxx _____________________________ _____________________________ Xxx-Xx Xxxx Witness Name: _Xxxx Xxxxxxxxx________ Witness Address: __0 Xxxx Xxxxxx_________ ____Westown NSW_____________________ and E xecuted as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits deed by Tasty Food Pty Ltd under Section 1542 section 127(1) of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action Corporations Act 2001 (Cth) by being signed by Xxxx Xxxxxxx who is its sole director and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.sole company secretary. Xxxx Xxxxxxx _____________________________ Xxxx Xxxxxxx

Appears in 1 contract

Samples: Settlement Agreement

Release. Company Effective as of the Closing, each Seller hereby unconditionally and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release irrevocably acquits, remises, discharges and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all releases each of the Purchaser, the Acquired Companies, the Blockers and their respective past, present and former future Affiliates, partners, managers, employees, members, officers and directors, officersin each case only in such capacity (collectively, agents, attorneys, and employees of any of the foregoing“Releasees”), from any and all claims, demands claims or causes Liabilities of action of any kind, nature or descriptionevery kind whatsoever, whether arising in law accrued or equity fixed, absolute or upon contract contingent, matured or tort unmatured or under any state determined or federal law or otherwisedeterminable, which Company such Seller now has, may ever have had in the past or Guarantor has had, now has or has made claim to may have in the future against any such person for or of the respective Releasees by reason of any act, omission, transaction, occurrence, conduct, circumstance, condition, harm, matter, cause or thing whatsoever arising that has occurred or existed at any time from the beginning of time up to and including the date Closing Date but immediately prior to the effectiveness of this Amendmentthe Closing (“Release Effective Time”), including to the extent resulting from or arising out of the Sellers’ direct or indirect ownership or purported ownership of any Equity Interests or other securities in any Acquired Company or Blocker or any and all claims that the Seller may have against the Releasees with respect thereto or otherwise, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention pursuant to any Contract in effect as of the Company Release Effective Time, breach or alleged breach of fiduciary duty or otherwise, and Guarantor each Seller agrees that it shall not seek to recover any amounts in executing this release connection therewith or thereunder from any Releasee; provided that the same waiver, release and discharge contained in this Section 11.16 shall be effective not apply to (a) claims arising under the terms of, and as party to, this Agreement or any Transaction Document, (b) in the case of any Seller who is a bar current or former employee of any Acquired Company (and only in such capacity), (i) rights to each and every claimaccrued but unpaid wages, demand and cause salaries or other cash compensation due to either of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 them that remain unpaid as of the Civil Code Closing and (ii) unreimbursed claims under employee health and welfare plans, consistent with terms of coverage, (c) any coverage or protections in favor of such Seller (including indemnification rights) under directors’ and officers’ liability insurance policies, including the DO Tail Policy, or under the provisions of the State Organizational Documents or Operating Documents of Californiathe Acquired Companies, or (d) any claims arising under the Prior Transaction Documents (as assigned and amended pursuant to the Prior Transaction Assignment Agreement, the Prior Escrow Assignment Agreement and the RWI Assignment Agreement). Each Seller acknowledges that they have entered into this Agreement freely and without coercion, that they have been advised by the Purchaser to consult with counsel of their choice, that they have had adequate opportunity to so consult, and that they have been provided a period of at least twenty-one (21) calendar days in which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true consider and execute this Agreement with respect to this Section 11.16 or hereby waive such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsreview period.

Appears in 1 contract

Samples: Securities Purchase Agreement (KAR Auction Services, Inc.)

Release. Company (a) Effective upon the Closing, except with respect to a claim arising out of this Agreement, any other agreement entered into in connection herewith or any rights to be indemnified, reimbursed and held harmless pursuant to Section 7, Seller, on behalf of itself and each of the Guarantor signing Seller Released Parties (collectively, the Acknowledgment “Seller Releasors”), hereby unconditionally and Agreement of Guarantor set forth below hereby absolutely and unconditionally release irrevocably waives, releases and forever discharge Xxxxx Fargodischarges the Company Releasors and each of their past and present directors, managers, officers, employees, agents, predecessors, successors, assigns, equityholders, partners, insurers, and Affiliates (each, a “Company Released Party”) from any and all participantsliabilities of any kind or nature Stock Purchase Agreement – Clever/KAC whatsoever, parent corporationsin each case whether absolute or contingent, subsidiary corporationsliquidated or unliquidated, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysknown or unknown, and employees of the Seller Releasors shall not seek to recover any amounts in connection therewith or thereunder from the Company or other Company Released Party. Without limiting the generality of the foregoing, from Seller waives all rights under California Civil Code Section 1542 (or any and all claims, demands or causes of action similar provision of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any other state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiaforeign law), which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge DEBTOR OR RELEASED PARTY. Such released liabilities shall include any right to recover against the Company for any indemnification claims made against or paid by Seller pursuant to Section 6, Section 7, or other indemnification provisions in this Agreement. Seller understands that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such this is a full and final release of all claims, demands, or causes of action and agree liabilities of any nature whatsoever, whether or not known, suspected or claimed, that could have been asserted in any legal or equitable proceeding against the Company, except as expressly set forth in this instrument shall be Section 8(e)(i). Seller represents that it is not aware of any claim by it other than the claims that are waived, released and remain effective in all respects notwithstanding any such differences or additional factsforever discharged by this Section 8(e)(i).

Appears in 1 contract

Samples: Stock Purchase Agreement (Clever Leaves Holdings Inc.)

Release. Company Each of AHI, NHI, Lumenon, their respective officers, directors, employees, attorneys, agents, Affiliates, successors and assigns, and as well as Andrxxx xxx Najaxx xxx their respective heirs, executors, administrators and assigns (all of the Guarantor signing foregoing collectively, the Acknowledgment and Agreement of Guarantor set forth below "LUMENON PARTIES"), hereby absolutely and unconditionally release absolutely, fully and forever release, waive, relinquish and discharge Xxxxx Fargo, and any and all participantsClaims (defined below) whatsoever which any of the Lumenon Parties may have had, parent corporationsmay presently have, subsidiary corporationsor in the future may have against each of Molex and its respective officers, affiliated corporationsdirectors, insurersemployees, indemnitorsattorneys, agents, Affiliates, successors and assigns thereof(collectively, together with all the "MOLEX PARTIES"),which arise, have arisen or may in the future arise in whole or in part out of or on account of any matter or thing whatsoever occurring on or before the present and former directors, officers, agents, attorneys, and employees date hereof relating to (i) the Teaming Agreement and/or the Stock Restriction Agreement or any act or omission of any of the Molex Parties relating to the Teaming Agreement and/or the Stock Restriction Agreement, or (ii) any act or omission relating to service on or for the Board of Directors of Lumenon Parent or LILT. In furtherance of the foregoing, from the Lumenon Parties agree not to sue xx prosecute any action against any of the Molex Parties with respect to any of the matters within the scope hereof and agrees to hold each of the Molex Parties harmless with respect to any such suit or prosecution in contravention of this section. The Molex Parties hereby absolutely, fully and forever release, waive, relinquish and discharge any and all claimsClaims (defined below) whatsoever which any of the Molex Parties may have had, demands may presently have, or causes in the future may have against each of action the Lumenon Parties, which arise, have arisen or may in the future arise in whole or in part out of or on account of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause matter or thing whatsoever arising from the beginning of time to and including occurring on or before the date hereof relating to the Teaming Agreement and/or the Stock Restriction Agreement or any act or omission of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention any of the Company and Guarantor in executing this release that Lumenon Parties relating to the same shall be effective as a bar to each and every claim, demand and cause of action specified and in Teaming Agreement and/or the Stock Restriction Agreement. In furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 foregoing, the Molex Parties agree not to sue xx prosecute any action against any of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true Lumenon Parties with respect to such claims, demands, or causes any of action the matters within the scope hereof and agree that this instrument shall be and remain effective in all respects notwithstanding agrees to hold each of the Lumenon Parties harmless with respect to any such differences suit or additional factsprosecution in contravention of this section.

Appears in 1 contract

Samples: Agreement (Lumenon Innovative Lightwave Technology Inc)

Release. Company Notwithstanding anything to the contrary contained in this Agreement, in order for Executive to be eligible for the severance benefits to be provided in accordance with this Agreement, Executive must sign (and not revoke within seven days of signing) a release of claims in the Guarantor signing form attached hereto and marked Exhibit A. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] In witness whereof, the Acknowledgment and parties hereto have executed this Agreement as of Guarantor the date first set forth below above. By: /s/ Michael J. Soja ------------------------------------ Name: Michael J. Soja CONTROL DELXXXXX XXXXXXX, INC. By: /s/ Paul Ashton ------------------------------------ Name: Paul Ashton Title: Chief Execxxxxx Xxxxxer & President EXHIBIT A RELEASE OF CLAIMS FOR AND IN CONSIDERATION OF the benefits to be provided me in connection with the termination of my employment, as set forth in the Severance Agreement between me and Control Delivery Systems, Inc. (the "Company") dated as of February 20, 2004 (the "Agreement"), which benefits are subject to my signing of this Release of Claims and to which I am not otherwise entitled, and for other good and valuable consideration, the receipt and sufficiency of which is hereby absolutely acknowledged, I, on my own behalf and unconditionally on behalf of my heirs, executives, administrators, beneficiaries, representatives and assigns, and all others connected with me, hereby release and forever discharge Xxxxx Fargothe Company, its subsidiaries and any other affiliates and all participantsof their respective past, parent corporationspresent and future officers, subsidiary corporationsdirectors, affiliated corporationstrustees, insurersshareholders, indemnitorsemployees, agents, general and limited partners, members, managers, joint venturers, representatives, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysassigns, and employees of all others connected with any of the foregoingthem, both individually and in their official capacities, from any and all claims, demands or causes of action action, rights and claims of any kind, nature type or description, whether arising in law known or equity or upon contract or tort or under any state or federal law or otherwiseunknown, which Company or Guarantor has hadI have had in the past, now has have, or has made claim to have against any such person for or by reason of any actmight now have, omission, matter, cause or thing whatsoever arising from the beginning of time to and including through the date of my signing of this AmendmentRelease of Claims, whether in any way resulting from, arising out of or connected with my employment by the Company or any of its subsidiaries or other affiliates or the termination of that employment or pursuant to any federal, state or local law, regulation or other requirement (including without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and the fair employment practices laws of the state or states in which I have been employed by the Company or any of the subsidiaries or other affiliates, each as amended from time to time). Excluded from the scope of this Release of Claims is (i) any claim arising under the terms of the Agreement and (ii) any right of indemnification or contribution that I have pursuant to the Articles of Incorporation or By-Laws of the Company or any of its subsidiaries or other affiliates. In signing this Release of Claims, I acknowledge my understanding that I may not sign it prior to the termination of my employment, but that I may consider the terms of this Release of Claims for up to twenty-one (21) days (or such claimslonger period as the Company may specify) from the later of the date my employment with the Company terminates or the date I receive this Release of Claims. I also acknowledge that I am advised by the Company and its Affiliates to seek the advice of an attorney prior to signing this Release of Claims; that I have had sufficient time to consider this Release of Claims and to consult with an attorney, demands if I wished to do so, or to consult with any other person of my choosing before signing; and causes that I am signing this Release of action Claims voluntarily and with a full understanding of its terms. I further acknowledge that, in signing this Release of Claims, I have not relied on any promises or representations, express or implied, that are matured or unmatured or known or unknownnot set forth expressly in the Agreement. It is I understand that I may revoke this Release of Claims at any time within seven (7) days of the intention date of my signing by written notice to the General Counsel of the Company and Guarantor in executing that this release that Release of Claims will take effect only upon the same shall expiration of such seven-day revocation period and only if I have not timely revoked it. Intending to be effective legally bound, I have signed this Release of Claims under seal as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORdate written below.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 1 contract

Samples: Severance Agreement (pSivida LTD)

Release. As a material inducement to Parent and Merger Sub to enter into this Agreement, effective as of the Closing, each Stockholder, solely in such Stockholder’s capacity as a stockholder of the Company, agrees not to xxx and fully releases and discharges each Group Company and the Guarantor signing the Acknowledgment and Agreement each of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former its respective directors, officers, agentsassigns and successors, attorneyspast and present (collectively, the “Released Persons”), with respect to and employees of any of the foregoing, from any and all claims, demands or demands, rights, liens, contracts, covenants, proceedings, causes of action action, obligations, debts, and losses of any kindwhatever kind or nature in Law, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, whether now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, and whether or not concealed or hidden, all of which such Stockholder now owns or holds or has at any time owned or held against the Released Persons; provided, however, that nothing in this Section 9.3 shall prohibit any (a) Stockholder from enforcing such Stockholder’s rights under this Agreement (b) claim for indemnification or contribution by a Stockholder in his, her or its capacity as a former officer, director, employee, agent or fiduciary of the Company or any of its Subsidiaries, or (c) Stockholder’s right to recover wages, bonuses, employee benefits, and other compensatory amounts that are due to him or her in the ordinary course of business, consistent with past practice. It is the intention of the Company and Guarantor in executing this each Stockholder’s that such release that the same shall be effective as a bar to each and every claim, demand and cause of action hereinabove specified and in furtherance of this intention such intention, each Stockholder’s hereby expressly waives, effective as of the Company Closing, any and Guarantor each waives and relinquishes all rights and benefits under Section 1542 conferred upon such Stockholder by the provisions of the Civil Code applicable Law or regulation and expressly consents that this release will be given full force and effect according to each and all of the State of Californiaits express terms and provisions, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition including those related to those now known or believed to be true with respect to such unknown and unsuspected claims, demandsdemands and causes of action, or if any, as those relating to any other claims, demands and causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any hereinabove specified, but only to the extent such differences or additional factssection is applicable to releases such as this.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bankrate, Inc.)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo(a) Subject to Section 7.14(c), and any and all participantsBuyer agrees that, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all effective as of the present Closing Date, each Acquired Company shall be deemed to have released and former discharged each Seller and such Seller’s Affiliates (which for purposes of this Section 7.14(a), Seller’s Affiliates shall not include the Acquired Companies or their respective directors, officersofficers or employees (other than personnel of MKH Capital Partners, agentswho shall be deemed to be Seller’s Affiliates)) and their respective Representatives (whether in such Person’s capacity as an equityholder, attorneysdirector, and employees of any of officer, employee or otherwise) (the foregoing, “Seller Released Parties”) from any and all claims, demands or and causes of action of any kind, nature or descriptionaction, whether known or unknown, liquidated or contingent, relating to, arising out of or in law or equity or upon contract or tort or under any state or federal law or otherwise, which way connected with the dealings of such Acquired Company or Guarantor has had, now has or has made claim to have against any and such person for or by reason of any act, omission, matter, cause or thing whatsoever arising Seller Released Party from the beginning of time through the Closing Date, in each case, solely to and including the date of this Amendment, whether extent such claims, demands and causes of action are matured (i) relate to the Transactions or unmatured the Agreement, or known (ii) arise out of, or unknown. It is relate to, the intention organization, management or operation of the Company and Guarantor in executing businesses of the Acquired Companies relating to any matter, occurrence, action or activity on or prior to the Closing Date; provided, however, that such release shall not operate to release such Seller Released Party from his, her or its obligations, if any, under this release Agreement. Buyer acknowledges that the same shall be effective as a bar to each and every claim, demand and cause Laws of action specified and in furtherance of this intention many states provide substantially the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which providesfollowing: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORDEBTOR OR RELEASED PARTY.” The parties acknowledge Buyer acknowledges that such provisions are designed to protect a party from waiving claims which it does not know exist or may exist. Nonetheless, Buyer agrees that, effective as of the Closing Date, each may hereafter discover facts different from Acquired Company and Buyer shall be deemed to waive any such provision. Buyer further agrees that neither Buyer nor any Acquired Company shall, nor permit any Affiliate thereof to, (x) institute a lawsuit or in addition other legal proceeding based upon, arising out of, or relating to those now known or believed to be true with respect to such any of the released claims, demands(y) participate, assist, or causes of action and agree that this instrument shall be and remain effective cooperate in all respects notwithstanding any such differences proceeding or additional facts(z) encourage, assist and/or solicit any third party to institute any such proceeding.

Appears in 1 contract

Samples: Unit Redemption Agreement (Mister Car Wash, Inc.)

Release. Company Each of the Principal Companies and the Guarantor signing Subsidiary Guarantors may have certain Claims against the Acknowledgment Released Parties, as those terms are defined below, regarding or relating to the Credit Agreement or the other Loan Documents. The Agent, the Lenders, the Principal Companies and Agreement the Subsidiary Guarantors desire to resolve each and every one of Guarantor such Claims in conjunction with the execution of this Amendment and thus each of the Principal Companies and the Subsidiary Guarantors makes the releases contained in this Section 6. In consideration of the Agent and the Lenders entering into this Amendment and agreeing to substantial concessions as set forth below herein, each of the Principal Companies and the Subsidiary Guarantors hereby absolutely fully and unconditionally release releases and forever discharge Xxxxx Fargodischarges each of the Agent and the Lenders, and any and all participantstheir respective directors, parent corporationsofficers, subsidiary corporationsemployees, affiliated corporationssubsidiaries, insurersbranches, indemnitorsaffiliates, attorneys, agents, representatives, successors and assigns thereofand all persons, together with all of the present firms, corporations and former directors, officers, agents, attorneys, and employees of organizations acting on any of their behalves (collectively, the foregoing“Released Parties”), of and from any and all claims, demands or allegations, causes of action action, costs or demands and liabilities, of any kindwhatever kind or nature, nature or descriptionfrom the beginning of the world to the date on which this Amendment is executed, whether arising in law known or equity unknown, liquidated or upon contract unliquidated, fixed or tort contingent, asserted or under any state unasserted, foreseen or federal law unforeseen, matured or otherwiseunmatured, suspected or unsuspected, anticipated or unanticipated, which Company or Guarantor has the Principal Companies and the Subsidiary Guarantors has, had, now has claims to have had or has made claim hereafter claims to have against any such person for or the Released Parties by reason of any actact or omission on the part of the Released Parties, omissionor any of them, matteroccurring prior to the date on which this Amendment is executed, cause including all such loss or thing whatsoever arising from damage of any kind heretofore sustained or that may arise as a consequence of the beginning of time dealings among the parties up to and including the date of on which this AmendmentAmendment is executed, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is but in any case only to the intention extent arising out of the Company administration or enforcement of the Loans, the Obligations, the Credit Agreement or any of the Loan Documents (collectively, all of the foregoing, the “Claims”). Each of the Principal Companies and Guarantor in executing this release the Subsidiary Guarantors represents and warrants that it has no knowledge of any claim by it against the Released Parties or of any facts or acts of omissions of the Released Parties which on the date hereof would be the basis of a claim by the Principal Companies and the Subsidiary Guarantors against the Released Parties which is not released hereby. Each of the Principal Companies and the Subsidiary Guarantors represents and warrants that the same shall be effective as foregoing constitutes a bar to each full and every claim, demand and cause complete release of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORClaims.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 1 contract

Samples: Credit Agreement (Dialogic Inc.)

Release. Company Except for obligations for salary and benefits accruing in the Guarantor signing the Acknowledgment ordinary course of business, each Seller hereby forever relieves, releases and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, discharges FRE from any and all claims, demands or causes of action of any kinddebts, nature or descriptionliabilities, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwiselosses, which Company or Guarantor has haddemands, now has or has made claim to have against any such person for or by reason of any actobligations, omissionpromises, matteracts, cause or thing whatsoever arising from the beginning of time to agreements, costs and including the date of this Amendmentexpenses, whether such claimsdamages, demands actions and causes of action are matured action, of whatever kind or unmatured or nature, whether known or unknown. It is the intention , suspected or unsuspected, existing now, existing as of the Company Closing or accruing after the Closing based on, arising out of, or in connection with any action or omission of FRE prior to the Closing (collectively, "Released Claims") and Guarantor in executing this release agrees that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention neither the Company and Guarantor nor FRE shall have any liability or obligation whatsoever to such Seller (or any Person claiming by or through it) arising out of or in connection with the Released Claims. Each Seller represents that he has not Transferred any Released Claims. In furtherance thereof, each waives and relinquishes all rights and benefits under Seller acknowledges that he or she is familiar with Section 1542 of the Civil Code of the State of California, which providesprovides as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEgeneral release does not extend to claims which the creditor did not know or suspect to exist in his favor at the time of executing the release, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each which if known by him, must have materially affected his settlement with the debtor. Each Seller waives any and all rights it has or may hereafter discover facts different from or in addition have under California Civil Code Section 1542 and/or any successor section to those now known or believed to be true it with respect to such claimsthe claims released hereby. Conditions to the Obligations of the Company. The obligation of the Company to purchase the FRE Shares and to take the other actions required to be taken by the Company at the Closing is subject to the satisfaction, demandsat or prior to the Closing, of each of the following conditions (any of which may be waived by the Company in writing, in whole or in part): Representations and Warranties. -------------------------------- The representations and warranties of the Majority Shareholders and the other Sellers (contained in this Agreement, any exhibit or schedule hereto, or causes any certificate, instrument or other writingdelivered to the Company or its representatives by any Seller, or any of action and agree that this instrument their respective representatives) shall be true and remain effective correct on the Closing Date with the same force and effect as though made on and as of the Closing Date (i.e., with respect to a representation that a state of facts exists on or as of the date hereof, it is a condition that such state of facts exists in all material respects notwithstanding on or as of the Closing Date, and with respect to a representation that a state of facts has or has not changed between a date prior to the date hereof and the date hereof, it is a condition that such state of facts has or has not changed between such prior date and the Closing Date), except as affected by transactions contemplated hereby and thereby and except that any such differences representation or additional facts.warranty made as of a specified date (other than the date of this Agreement) shall only need to have been true on and as of such date;

Appears in 1 contract

Samples: Stock Tender and Exchange Agreement (Sitestar Corp)

Release. Company and the Guarantor signing the Acknowledgment and Agreement Each of Guarantor set forth below and Issuer (each a “Releasing Party”) hereby absolutely irrevocably and unconditionally release releases, acquits and forever discharge Xxxxx Fargodischarges the Secured Party, and any and all participantsits partners, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorsshareholders, officers, agentsdirectors, attorneysemployees, advisors and employees of any of the foregoingagents (collectively, its “Related Parties”), from any and all actual or alleged claims, demands or actions, charges, complaints, causes of action action, rights, demands, debts, accountings, expenses or damages (including attorneys’ fees and costs), of any kindnature whatsoever, nature past or descriptionpresent, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown, suspected or unsuspected, whether under federal or state statutory or common law and whether arising prior to or after the date hereof (the “Released Claims”), which the Releasing Party may have against the Secured Party or its Related Parties under the Pledge. It Each of Pledgor and Issuer acknowledges that it has had the opportunity to seek legal counsel and that it is familiar with the intention provisions of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaSection 1542, which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH AND THAT IF KNOWN BY HIM OR HER MIGHT WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORDEBTOR OR RELEASED PARTY.” The parties acknowledge that each may hereafter discover facts different from Unless otherwise specifically provided herein, the Pledgor and the Issuer hereby waive and relinquish all rights and benefits conferred by Section 1542 of the California Civil Code, by any laws of any state or in addition to those now known or believed to be true with respect to such claimsterritory of the United States, demandsby any laws of the United States, or causes by any principle of action and agree common law that this instrument shall be and remain effective provides that a release does not extend to claims that a party does not know of or expect to exist in all respects notwithstanding any such differences or additional factsthe party’s favor at the time of executing the release, which, if known to the party may have materially affected the settlement.

Appears in 1 contract

Samples: Termination of Pledge Agreement (Universal Electronics Inc)

Release. Company In consideration of the severance benefits offered to me by MeadWestvaco Corporation (the “Company”) under the Employment Agreement dated as of September 30, 2004, (the “Agreement”) and other consideration, I on behalf of myself, and on behalf of my heirs, administrators, representatives, successors, and assigns (the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below “Releasors”), hereby absolutely and unconditionally release acquit and forever discharge Xxxxx Fargothe Company, all of its past, present and any future subsidiaries and affiliates and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former their respective directors, officers, employees, agents, attorneystrustees, partners, shareholders, consultants, independent contractors and representatives, all of their respective heirs, successors, and employees of any of assigns and all persons acting by, through, under or in concert with them (the foregoing, “Releasees”) from any and all claims, demands or charges, complaints, obligations, promises, agreements, controversies, damages, remedies, demands, actions, causes of action action, suits, rights, costs, debts, expenses and liabilities that the Releasors might otherwise have asserted arising out of my employment with the Company and its subsidiaries and affiliates, including the termination of that employment. However, the Releasors are not releasing any kindrights under (i) any qualified employee retirement plan, nature (ii) any claim for compensation and benefits to be provided to me under the Agreement, (ii) any claim for vested benefits or descriptionbenefits that I am otherwise entitled to receive under any plan, whether arising policy, practice or program of or any contract or agreement with the Company or any of the Affiliated Companies at or subsequent to the Date of Termination, (iii) any claim related to my indemnification as an officer, director and employee of the Affiliated Companies under the Company’s Certificate of Incorporation or By-Laws, or (iv) any rights or claims that may arise after the date on which I sign this release (the “Release”). Those rights shall survive unaffected by this Release. I understand that, as a consequence of my signing this Release, I am giving up, any and all rights I might otherwise have with respect to my employment and the termination of that employment including but not limited to rights under (1) the Age Discrimination in law Employment Act of 1967, as amended; (2) any and all other federal, state, or equity municipal laws prohibiting discrimination in employment on the basis of sex, race, national origin, religion, age, handicap, or upon other invidious factor, or retaliation; and (3) any and all theories of contract or tort law related to my employment or under any state or federal termination thereof, whether based on common law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties I acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 1 contract

Samples: Employment Agreement (Meadwestvaco Corp)

Release. Company Purchaser agrees that, except for and subject to Seller’s Express Representations, Seller shall not be responsible or liable to Purchaser for any defects, errors or omissions, or on account of geotechnical or soils conditions or on account of any other conditions affecting the Guarantor signing Property, because Purchaser is purchasing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoProperty AS IS, WHERE-IS, and WITH ALL FAULTS. Purchaser, or anyone claiming by, through or under Purchaser (except for Purchaser’s homebuyers), hereby fully releases the Seller Parties from, and irrevocably waives its right to maintain, any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands claims and causes of action are matured that it or unmatured they may now have or known hereafter acquire against the Seller Parties for any cost, loss, liability, damage, expense, demand, action or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention arising from or related to any defects, errors, omissions, soils conditions or other conditions affecting the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 Property or the suitability or fitness of the Civil Code Property, except to the extent that such loss or other liability derives or results from a breach of the State Seller’s Express Representations. Purchaser hereby waives any Environmental Claim (as defined in this Section) which it now has or in the future may have against Seller, provided however, such waiver of Californiaany Environmental Claim shall not apply to the activities of any Seller Parties, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEincluding without limitation activities to be performed by the Seller hereunder to Substantially Complete the Finished Lot Improvements. The foregoing release and waiver shall be given full force and effect according to each of its express terms and provisions, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” including, but not limited to, those relating to unknown and suspected claims, damages and causes of action. The parties acknowledge that each may hereafter discover facts different release and waiver set forth in this paragraph shall not apply to any cost, loss, liability, damage, expense, demand, action or cause of action arising from or related to (i) fraud or other willful misconduct of any Seller Party or (ii) any claims against contractors or subcontractors for construction defects in addition the Finished Lot Improvements; provided, however, that Purchaser shall first seek to those now known or believed enforce claims against such contractors and/or subcontractors conducting the work and only if Purchaser is unable to be true with respect achieve full satisfaction of their claims after filing and pursuing through final judgment, litigation, then Purchaser shall have the right to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsseek relief from the Seller Parties.

Appears in 1 contract

Samples: Contract for Purchase (Pure Cycle Corp)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below (a) Each Borrower hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges Agent and each Lender, each of their respective Affiliates, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all each of the present and former officers, directors, officers, agents, attorneysemployees, and employees agents of any of each Lender, Agent and their respective Affiliates (collectively, the foregoing“Releasees”), from any and all claims, demands or demands, obligations, liabilities, causes of action action, damages, losses, costs and expenses of any kindkind or character, nature known or descriptionunknown, whether arising in law past or equity present, liquidated or upon contract unliquidated, suspected or tort unsuspected, matured or under any state unmatured, fixed or federal law or otherwisecontingent, which Company or Guarantor has had, any Borrower now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising ever had from the beginning of time the world, to and including the date hereof against any such Releasee which relates, directly or indirectly to the Credit Agreement, any other Loan Document or to any acts or omissions of this Amendmentany such Releasee in each case to the extent and only to the extent the same may be based on or related to actions or inactions, whether such claimsomissions, demands and causes of action are matured events, conditions, circumstances or unmatured or known or unknown. It is occurrences, occurring from the intention beginning of the Company and Guarantor in executing this release that world to the same shall be effective as a bar date hereof. As to each and every claimclaim released hereunder, demand any Borrower hereby represents that it has received the advice of legal counsel with regard to the releases contained herein, and cause having been so advised, each of action specified and in furtherance them specifically waives the benefit of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under provisions of Section 1542 of the Civil Code of the State of California, California which providesprovides as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HIM, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that As to each may hereafter discover facts different from and every claim released hereunder, each Borrower also waives the benefit of each other similar provision of applicable federal or in addition state law (including without limitation the laws of the state of New York), if any, pertaining to those now known or believed to be true general releases after having been advised by their legal counsel with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsthereto.

Appears in 1 contract

Samples: Credit Agreement (Rbg, LLC)

Release. Company KNOW ALL MEN BY THESE PRESENTS that I, Xxxx Xxxxx, of the City of Houston, in the State of Texas, in consideration of the amounts (including without limiting the generality of the foregoing, if applicable, payment of instalments of such amounts) provided in Sections 2.5 and 2.7 of the Guarantor signing Executive Employment Agreement (the Acknowledgment “Contract”) dated as of August 1, 2012 between me and Agreement Enbridge Inc. (the “Corporation”) and for other good and valuable consideration, inclusive of Guarantor set forth below any statutory severance or benefits in accordance with the Employment Standards Code (Alberta), the receipt (other than in respect of the future instalments referred to above, if any) and sufficiency of which is hereby absolutely acknowledged, do for myself, my executors and unconditionally assigns hereby remise, release and forever discharge Xxxxx Fargothe Corporation, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitorsits respective predecessors, successors and assigns thereofassigns, together with from all manner of actions, causes of action, claims or demands, past, present or future, which against the Corporation, its respective predecessors, successors and assigns, I ever had, now have, or can, shall or may hereafter have, by reason of or arising out of any cause, matter or thing whatsoever done or admitted to be done, occurring or existing up to and inclusive of the present date of this Release and former directorsin particular, officers, agents, attorneys, and employees of without in any way restricting the generality of the foregoing, from any and in respect of all claims, demands past, present or future, directly or indirectly related to or arising out of or in connection with my relationship with the Corporation, its respective predecessors, successors and assigns, as an employee, officer, director or trustee, and the termination of my employment from the Corporation, on , 20 . Words or terms defined in the Contract and not otherwise defined herein shall have the meanings ascribed to them in the Contract. AND FOR THE SAID CONSIDERATION I represent and warrant that I have not assigned to any person any of the actions, causes of action of any kindaction, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, suits, executions or demands and causes of action are matured which I release by this Release, or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claimswhich I agree not to make any claim or take any proceeding herein. NOTWITHSTANDING ANYTHING CONTAINED HEREIN, demandsthis Release shall not extend to or affect, or causes of constitute a release of, my right to xxx, claim against or recover from the Corporation and shall not constitute an agreement to refrain from bringing, taking or maintaining any action and agree that this instrument shall be and remain effective against the Corporation in all respects notwithstanding any such differences or additional facts.respect of:

Appears in 1 contract

Samples: Employment Agreement (Enbridge Energy Partners Lp)

Release. Each Seller hereby acknowledges that the Indemnified Party (as defined below) are expressly relying on this release provision in consummating the transactions contemplated by this Agreement, and would not consummate such transactions but for this release provision. Each Seller hereby acknowledges, confirms and agrees that such Seller (a) is the exclusive owner of the Company Shares being sold by such Seller to the Buyers hereunder, (b) does not have any equity interest in the Company other than the Company Shares being sold to the Buyers hereunder, and (c) does not have any rights to any additional shares of the capital stock or any other securities of the Company, including any options, warrants, conversion privileges, preemptive rights or other rights or agreements. Each Seller, on behalf of such Seller and each of such Seller's respective Affiliates (if any), hereby releases and forever discharges each Buyer, the Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directorstheir respective Affiliates, officers, agentsdirectors, attorneysemployees and agents (collectively, and employees of any of the foregoing, "Indemnified Party") from any and all claims, demands or demands, judgments, proceedings, causes of action of any kindaction, nature or descriptionorders, obligations, contracts, agreements, liens, accounts, costs and expenses (including attorney's fees and court costs), debts and liabilities whatsoever, whether arising known or unknown, suspected or unsuspected, matured or un-matured, both at law (including federal and state securities laws) and in law or equity or upon contract or tort or under any state or federal law or otherwiseequity, which Company such Seller or Guarantor has hadany of such Seller's respective Affiliates now have, now has have ever had or has made claim to may hereafter have against any such person for the Indemnified Party arising contemporaneously with or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time prior to and including the date of this AmendmentAgreement or on account of or arising out of any matter, cause, event or omission occurring contemporaneously with or prior to the date of this Agreement, including, but not limited to, any rights to indemnification or reimbursement from the Company, whether such claimspursuant to the Company's articles of organization, demands resolution, contract or otherwise and causes whether or not relating to claims pending on, or asserted after, the date of action are matured or unmatured or known or unknown. It is the intention this Release; provided, however, that nothing contained herein shall operate to release any obligations of the Company and Guarantor in executing this release that Buyer to the same shall be effective Sellers arising exclusively as a bar to each and every claim, demand and cause of action specified and in furtherance result of this intention Agreement. Each Seller hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Indemnified Party, based upon any matter purported to be released hereby. Without in any way limiting any of the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of Californiaremedies otherwise available to any Indemnified Party, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEeach Seller shall indemnify and hold harmless each Indemnified Party from and against all actions, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such suits, proceedings, hearings, investigations, charges, complaints, claims, demands, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in settlement, liabilities, obligations, security interests, taxes, liens, losses, lost value, expenses and fees arising directly or causes indirectly from or in connection with (i) the assertion by or on behalf of action such Seller or such Seller's Affiliates of any claim or other matter purported to be released pursuant to this provision and agree that (ii) the assertion by any third party of any claim or demand against any Indemnified Party which claim or demand arises directly or indirectly from, or in connection with, any assertion by or on behalf of such Seller, or any of such Seller's Affiliates against any third party of any claims or other matters purported to be released pursuant to this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsprovision.

Appears in 1 contract

Samples: Private Stock Purchase Agreement (Galaxy Championship Wrestling Inc)

Release. Company For purposes of this Paragraph 8, the term “Borrower Parties” shall mean Borrowers and Guarantors collectively and the Guarantor signing the Acknowledgment term “Lender Parties” shall mean Administrative Agent, Lenders and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx FargoIssuing Bank, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitorsshall include each of their respective predecessors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysassigns, and employees each past and present, direct and indirect, parent, subsidiary and affiliated entity of any each of the foregoing, from and each past and present employee, agent, attorney in fact, attorney at law, representative, officer, director, shareholder, partner and joint venturer of each of the foregoing, and each heir, executor, administrator, successor and assign of each of the foregoing; references in this paragraph to “any” of such parties shall be deemed to mean “any one or more” of such parties; and all references in this sentence to “each of the foregoing” shall mean and refer cumulatively to each party referred to in this sentence up to the point of such reference. Each Borrower and each Guarantor hereby acknowledges, represents and agrees: that, as of the date hereof, Borrowers and Guarantors have no defenses, setoffs, claims, demands counterclaims or causes of action of any kind, kind or nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such the Credit Agreement, the Subsidiary Guaranty Agreement, the other Loan Documents or the Obligations, or with respect to any other documents or instruments now or heretofore evidencing, securing or in any way relating to the Obligations (all of said defenses, setoffs, claims, demands, counterclaims or causes of action being hereinafter referred to as “Loan Related Claims”); that, to the extent that Borrowers or Guarantors may be deemed to have any Loan Related Claims as of the date hereof, Borrowers and agree Guarantors do hereby expressly waive, release and relinquish any and all such Loan Related Claims, whether or not known to or suspected by Borrowers and Guarantors; that Borrowers and Guarantors shall not institute or cause to be instituted any legal action or proceeding of any kind based upon any Loan Related Claims; and that Borrowers and Guarantors shall indemnify, hold harmless and defend all Lender Parties from and against any and all Loan Related Claims and any and all losses, damages, liabilities and related reasonable expenses (including reasonable fees, charges and disbursements of any counsel for any Lender Parties) suffered or incurred by any Lender Parties as a result of any assertion or allegation by any Borrower Parties of any Loan Related Claims or as a result of any legal action related thereto, provided that such indemnity shall not, as to any Lender Parties, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (i) the gross negligence or willful misconduct of such Lender Parties or (ii) a claim brought by any Borrower or Guarantor against any Lender Parties for breach in bad faith of such Lender Parties’ obligations under any Loan Document. Notwithstanding the foregoing provisions of this instrument shall be Paragraph 8, Borrowers and remain effective in all respects notwithstanding Guarantors make no such releases, representations, warranties, standstills or agreements with respect to any such differences or additional factsfuture Loan Related Claims. 9.

Appears in 1 contract

Samples: Documents Modification Agreement

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below Employee hereby absolutely and unconditionally release releases and forever discharge Xxxxx Fargodischarges Company, its parent, subsidiaries and affiliates, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present their respective current and former directorsshareholders, officers, agentsdirectors, employees, attorneys, representatives and employees of any of agents (collectively, the foregoing“Company Released Parties), from any and all claims, demands damages (including attorney fees), demands, actions or causes of action of any kind, nature kind or descriptionnature, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is , whether under contract or tort, that Employee, Employee’s heirs, executors, administrators, successors and assigns have, or may have, arising out of Employee’s employment with Company and/or the intention of termination thereof, (collectively the Company and Guarantor “Claims”) including, but not limited to, any Claims under any federal, state or local statutory or common laws, including, but not limited to, the Age Discrimination in executing this release that the same shall be effective as a bar to each and every claimEmployment Act, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 Older Workers Benefit Protection Act, Title VII of the Civil Code of Rights Act, Americans with Disabilities Act, Fair Labor Standards Act, Family and Medical Leave Act, Employee Retirement Income Security Act, the State of CaliforniaNebraska Fair Employment Practice Act, which provides: and the Nebraska Wage Payment and Collection Act, all as amended; provided however, that Employee’s release shall not extend to any rights or claims for advancement or indemnification. Employee hereby acknowledges and agrees that Employee is knowingly and voluntarily releasing and waiving all Claims that Employee has or may have against the Company Released Parties as described above. Company hereby releases and forever discharges Employee, his heirs, executors, administrators, successors and assigns (hereinafter collectively referred to as the A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEEmployee Released Parties”), WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such any and all claims, damages (including attorney fees), demands, actions or causes of action and agree of any kind or nature, whether known or unknown, whether under contract or tort, that this instrument shall be and remain effective in all respects notwithstanding any such differences Company or additional factsthe Company Released Parties have, or may have, arising out of Employee’s employment with Company and/or the termination thereof.

Appears in 1 contract

Samples: Separation Agreement and General Release (infoGROUP Inc.)

Release. Company and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below The Credit Parties hereby absolutely and unconditionally release remise, release, acquit, satisfy and forever discharge Xxxxx Fargothe Lenders, the Administrative Agent, the Collateral Agent, the L/C Issuers and the Affiliates of each Lender and their respective agents, employees, officers, directors, predecessors, attorneys and all others acting or purporting to act on behalf of or at the direction of the Lenders, the Administrative Agent, the Collateral Agent, the L/C Issuer or the Affiliates of each Lender (collectively, the “Releasees”) of and from, and agree not to xxx any Releasee in respect of, any and all participantsmanner of actions, parent corporationscauses of action, subsidiary corporationssuit, affiliated corporationsdebts, insurersaccounts, indemnitorscovenants, successors and assigns thereofcontracts, together with all of the present and former directorscontroversies, officersagreements, agentsvariances, attorneysdamages, and employees of any of the foregoingjudgments, from any and all claims, counterclaims and demands or causes of action of any kindwhatsoever, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisein equity, which Company or Guarantor has any of such parties ever had, now has or has made claim to may have against any such person for the Releasees, for, upon or by reason of any act, omission, matter, cause or thing whatsoever arising from from, in connection with or in relation to the beginning Credit Agreement or any of time the other Loan Documents (including this Agreement), whether existing on or prior to and including the date hereof or arising after the date hereof based on facts, circumstances or events occurring or existing on or prior to the date hereof. Without limiting the generality of this Amendmentthe foregoing, whether such the Credit Parties waive and affirmatively agree not to allege or otherwise pursue any defenses, affirmative defenses, counterclaims, claims, demands and causes of action are matured action, setoffs or unmatured other rights they do, shall or known or unknown. It is the intention may have as of the Company and Guarantor in executing this release date hereof or that arise after the same date hereof based on facts, circumstances or events occurring or existing on or prior to the date hereof, including, but not limited to, the rights to contest any conduct of the Lenders, the Administrative Agent or other Releasees on or prior to the date hereof. The Credit Parties hereby agree that if any Credit Party shall be effective as a bar to each and every bring any cause of action, suit, claim, counterclaim, demand or other action released pursuant to this Section 16, the Credit Parties shall jointly and severally pay on demand, all fees, costs and expenses (including, without limitation, fees, costs and expenses of counsel) of any Releasee in connection with or arising out of such Releasee’s defense of such cause of action, suit, claim, counterclaim, demand or other action specified and in furtherance released pursuant to this Section 16. [Remainder of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.page intentionally blank; next page is signature page]

Appears in 1 contract

Samples: Revolving Credit Agreement

Release. Company A. In consideration of the Release Consideration payable by Multifoods to Sampson set forth and described ix Xxxxxon 1 of this Agreement, and for other good and valuable consideration, Sampson hereby releases and disxxxxxxx Multifoods and its subsidiaries and affiliates, and the Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agentsemployees, attorneysagents and insurers of each (collectively, and employees of any of the foregoing"Released Parties"), from any and all causes of action, claims, demands demands, debts, contracts and agreements to which Sampson or causes his heirs, executors, xxxxxistrators, legal representatives, successors or assigns and beneficiaries, have or may have in connection with Sampson's employment with and txxxxxxxxxn of action of any kindemployment from Multifoods, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of all time to and including the date of this AmendmentAgreement, whether such claimsexcept for (i) the Release Consideration payable to Sampson under the terms of this Axxxxxxxt, demands (ii) any rights that Sampson has as a result of his paxxxxxxxtion in any benefit plan or plans of Multifoods to which Sampson is entitled by reason ox xxx xmployment by Multifoods, including, but not limited to, pension, health and causes welfare plans, and (iii) any indemnification right to which Sampson is entitled by reason of action are matured xxx xxxloyment by Multifoods, under (A) the Restated Certificate of Incorporation, as amended by Multifoods, (B) the Bylaws of Multifoods, and/or (C) any policy of insurance issued to Multifoods under which Sampson is an insured and entitxxx xx coverage (the foregoing hereinafter called the "Release"). B. Except as specifically provided in Paragraph A of this Section 2, the Release applies to any action, claim, demand, debt, contract and/or agreement that Sampson has or unmatured or known or unknown. It is the intention may have as of the Company xxxx xf this Agreement including, without limitation, any and Guarantor in executing this release that all claims relating to Sampson's employment with and terxxxxxxxx of employment from Multifoods including, but not limited to, breach of contract claims; claims alleging violation of the same shall be effective Fair Labor Standards Act; the Age Discrimination In Employment Act, as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 amended; Title VII of the Civil Code Rights Act of 1964, as amended; the Civil Rights Act of 1866; the National Labor Relations Act; the Americans With Disabilities Act; the Employee Retirement Income Security Act; and/or any other federal, state or local statute, law, ordinance, regulation, order or principle of common law. C. Sampson acknowledges and axxxxx xxxx xxx Release and the Release Consideration payable by Multifoods under this Agreement is not an admission that Multifoods or any of the State other Released Parties has engaged in any wrongful conduct towards Sampson, has acted in any way to xxxxx injury to Sampson, or is responsible or legxxxx xxligated to Sampson in any way, except as spexxxxxxxly provided in this Agreement. D. Sampson acknowledges that xx xxx xxxx xxvised and that he understands, that he has fifteen (15) days from the date that he signs this Agreement to rescind this Agreement in its entirety, if he notifies Multifoods, in writing, at Multifoods Tower, Box 2942, 33 Soxxx Xxxxx Xxxxxx, Xxxxxxxxxxx 00000, Xxxxxxxxx: Xxxxx X. Xxxxxxx, Xxce President, Xxxxxxx Xxxxxel and Secretary of CaliforniaMultifoods, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASEof his decision to rescind this Agreement. Sampson also understands that if xx xxxxinds this Agreement, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge he shall forfeit the Release Consideration, and the Consulting Agreement between Multifoods and Sampson Associates, Inc., dated Xxxxxxber 1, 1996, shall become null and void. Sampson further acknowledges anx xxxxxstands that each may hereafter discover facts different from or in addition to those now known or believed to be true effective, his notice of recission must be in writing and must be delivered to the address stated above either by hand or by mail within the fifteen (15) day period. If delivered by mail, the recission must be: (1) postmarked within the fifteen (15) day period; (2) properly addressed to Multifoods; and (3) sent by certified mail, return receipt requested. E. Sampson represents that he xxx xxxx xxxx Agreement and understands all of the terms and conditions contained in this Agreement, and that he has been encouraged by Multifoods to discuss this Agreement with respect an attorney-at-law of his choice. Sampson's manual signature on txxx Xxxxxment, set forth below in the signature block, constitutes Sampson's acknowledgment that he xxxxxxxxxds the effect of the Release, and that he has signed this Agreement KNOWINGLY AND VOLUNTARILY, and that he has not relied on any representations, statements or explanations made by Multifoods or any of the Released Parties or their attorneys. NOTE MULTIFOODS HEREBY ADVISES SAMPSON TO CONSULT WITH AN ATTORNEY-AT-LAW OF SAMPSON'S CHOICE BEFORE SAMPSON SIGNS AND DELIVERS THIS AXXXXXXXT. 3. Multifoods' Representation. Multifoods represents to such claimsSampson that, demandsas of the date of txxx Xgreement, Multifoods has no knowledge or causes of action and agree that this instrument shall be and remain effective any information which would result in all respects notwithstanding any such differences or additional factsa claim by Multifoods against Sampson in connection with Sampxxx'x xmployment and/or termixxxxxx xx employment with Multifoods. 4.

Appears in 1 contract

Samples: Release Agreement (International Multifoods Corp)

Release. (a) For and in consideration of the agreements contained in this Fourth Amendment and other good and valuable consideration, the Company and the each Subsidiary Guarantor signing the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release waives, releases, remises and forever discharge Xxxxx Fargodischarges the holders of the Notes, and any and all of their respective participants, parent corporations, subsidiary corporations, affiliated corporationsaffiliates, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysadvisors, attorneys and employees of any of the foregoingforegoing (each a “Released Party”), from any and all claims, demands suits, investigations, proceedings, demands, obligations, liabilities, damages, losses, costs, expenses, or causes of action of any kind, nature or description, whether arising based in law law, equity, contract, tort, implied or equity express warranty, strict liability, criminal or upon contract or tort civil statute, common law, or under any state or federal law or otherwise, of any kind or character, known or unknown, past, present or future, liquidated or unliquidated, suspected or unsuspected, which the Company or any Subsidiary Guarantor has had, now has has, hereafter may have, or has made claim to have against any such person or entity for or by reason of any act, omission, matter, cause or thing whatsoever arising from at any time prior to the beginning effectiveness hereof that arise out of time or relate to and including the date of Notes, the Note Agreements, this Fourth Amendment, the other Financing Agreements and/or the transactions arising thereunder, related thereto, contemplated thereby or in furtherance thereof, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and each Subsidiary Guarantor in executing providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the specified. The Company and each Subsidiary Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge acknowledges that each it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree agrees that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 1 contract

Samples: Natural Resource Partners Lp

Release. Company All payments and the Guarantor signing the Acknowledgment benefits provided under Sections 10(a), 10(b)(ii) or 10(c) hereof shall be conditioned upon you (or if applicable, your estate, heirs or legal representatives) executing and honoring a Full and Complete Waiver, Release and Agreement substantially in the form attached hereto as Exhibit 1 (the “Release”). Further, if the Release is not executed, valid and irrevocable prior to the date a payment or benefit would be due or vest under Section 13(a) hereof, then such payment or benefit shall be forfeited. If this Letter Agreement correctly reflects your understanding, please sign and return one copy to me for Platinum Bermuda’s records. PLATINUM UNDERWRITERS BERMUDA, LTD. By: /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx Chairman of Guarantor set forth below the Board of Directors The above Letter Agreement correctly reflects our understanding, and I hereby absolutely confirm my agreement to the same as of the date first above written. /s/ Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx EXHIBIT 1 FULL AND COMPLETE WAIVER, RELEASE AND AGREEMENT (this “Release”) I, Xxxxxx X. Xxxxxx, in consideration of the benefits (the “Benefits”) provided in my employment agreement with Platinum Underwriters Bermuda, Ltd., dated October 27, 2010, (the “Employment Agreement”) for myself and unconditionally my heirs, executors, administrators and assigns, do hereby knowingly and voluntarily release and forever discharge Xxxxx FargoPlatinum Underwriters Bermuda, Ltd., and any its subsidiaries, affiliates predecessors, successors, agents and all participantsrepresentatives (collectively, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors the “Companies”) and assigns thereof, together with all of the present their respective current and former directors, officers, agents, attorneysofficers and employees from, and employees of covenant not to xxx or proceed against any of the foregoingforegoing on the basis of, from any and all claims, demands or actions and causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any actmatter arising out of my employment by the Companies and the cessation of said employment, omissionand including, matterbut not limited to, cause any alleged violation of those federal, state and local laws prohibiting employment discrimination based on age, sex, race, color, national origin, religion, disability, veteran or thing whatsoever arising marital status, sexual orientation, or any other protected trait or characteristic, or retaliation for engaging in any protected activity, including, without limitation, the Age Discrimination in Employment Act of 1967, 29 U.S.C. 621 et seq. (the “ADEA”), as amended by the Older Workers Benefit Protection Act, P.L. 101-433, the Equal Pay Act of 1963, 9 U.S.C. 206 et seq., Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. 2000e et seq., the Civil Rights Act of 1866, 42 U.S.C. 1981, the Civil Rights Act of 1991, 42 U.S.C. 1981a, the Americans with Disabilities Act, 42 U.S.C. 12101 et seq., the Rehabilitation Act of 1973, 29 U.S.C. 791 et seq., the Family and Medical Leave Act of 1993, 28 U.S.C. 2601 and 2611 et seq., the New York State and New York City Human Rights Laws, and equivalent provisions under Bermuda law (including, without limitation, the Employment Xxx 0000 and the Human Rights Act 1981), whether KNOWN OR UNKNOWN, fixed or contingent, which I ever had, now have, or may have, or which I, my heirs, executors, administrators or assigns hereafter can, shall or may have, from the beginning of time through the date on which I sign this Full and Complete Waiver, Release and Agreement (this “Release”), including, without limitation, those arising out of or related to and including my employment or separation from employment with the Companies (collectively, the “Released Claims”). I specifically waive the benefit of any statute or rule of law which, if applied to this Release, would otherwise exclude from its binding affect any claims not now known by me to exist. This Release does not purport to waive (i) claims arising under these laws after the date of this AmendmentRelease or any claims for breach of this Release, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is (ii) claims relating to post-termination benefits provided under the intention terms of the Company Employment Agreement or (iii) any claims to post-termination benefits under the terms of any employee benefit plan of the Companies. I further agree, promise and Guarantor covenant that, to the maximum extent permitted by law, neither I nor any person, organization, or other entity acting on my behalf has filed or will file any complaint, charge, claim or suit or cause or permit to be filed, charged or claimed, any action for damages or other relief (including injunctive, declaratory, monetary or other relief) against the Companies or any other releasee involving any matter occurring in executing this release that the same shall be effective as a bar past up to each and every claim, demand and cause of action specified and in furtherance the date of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaRelease, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known involving or believed to be true with respect to such based upon any claims, demands, or causes of action action, obligations, damages or liabilities which are the subject of this Release. This Release shall not affect any rights I may have under the Older Workers Benefit Protection Act to have a judicial determination of the validity of this Release and does not purport to limit any right I may have to file a charge under the ADEA or other civil rights statute or to participate in an investigation or proceeding conducted by the Equal Employment Opportunity Commission or other investigative agency. This Release does, however, waive and release any right to recover damages under the ADEA or other civil rights statute. I hereby warrant and represent that I have made no sale, assignment, or other transfer, or attempted sale, assignment, or other transfer, of any of the Released Claims. I fully understand and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.that:

Appears in 1 contract

Samples: Letter Agreement (Platinum Underwriters Holdings LTD)

Release. Company Each signatory to this Amendment, on behalf of itself and its Affiliates and their respective successors and assigns, hereby (i) agrees that the Guarantor signing payment by the Acknowledgment and Agreement Corporation of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and the TRA Payment is in full satisfaction of any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all payment obligations of the present and former directorsCorporation or Switch, officers, agents, attorneysLtd. under the TRA, and employees of releases the Corporation and Switch, Ltd. from any other obligation to make payments pursuant to the TRA and (ii) irrevocably waives, acquits, remises, discharges and forever releases each of the foregoingCorporation, Switch, Ltd. and each of their respective Affiliates (collectively, the “Corporation Released Parties”) from and against any and all claims, demands or causes of action liabilities and obligations of any kind, kind or nature whatsoever arising with respect to the TRA or descriptionthis Amendment, whether absolute or contingent, liquidated or unliquidated, known or unknown, matured or unmatured or determined or determinable, and whether arising in under any applicable law, contract, agreement, arrangement, commitment, undertaking or understanding, whether written or oral or otherwise at law or equity in equity, and each signatory hereto, on behalf of itself and its Affiliates and their respective successors and assigns, further covenants that it shall not institute or upon contract participate in any administrative proceeding, suit or tort or under any state or federal action, at law or otherwisein equity, which Company or Guarantor has had, now has or has made claim to have against any such person for or Corporation Released Party by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of claim released in this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknownSection 4. It is the intention of the Company understood and Guarantor in executing this release agreed that the same shall be effective Corporation Released Parties may plead and invoke the releases provided in this Amendment as a bar defense to each any claims released in this Section 4 brought by a signatory hereto. Each signatory hereto, on behalf of itself and every claimits Affiliates and their respective successors and assigns, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each expressly waives and relinquishes releases any and all rights and benefits under Section 1542 of the Civil Code of the State of CaliforniaCalifornia (or any similar law), which providesprovides as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTORDEBTOR OR RELEASED PARTY.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true with respect to such claims, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.

Appears in 1 contract

Samples: Tax Receivable Agreement (Switch, Inc.)

Release. Company Effective as of the Closing, the Holder, for itself and all of its Affiliates, to the fullest extent permitted by applicable Law, hereby releases and forever discharges Parent, Merger Sub One, Merger Sub Two, the Company, the Representative and the Guarantor signing other Stockholders (the Acknowledgment and Agreement of Guarantor set forth below hereby absolutely and unconditionally release and forever discharge Xxxxx Fargo, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, “Releasees”) from any and all claimsLosses by reason of, demands relating to or causes arising from the fact that the Holder was an employee, stockholder or optionholder of action the Company, and which the Holder or its Affiliates now has, has ever had or may hereafter have against the respective Releasees arising prior to the Closing whether or not relating to claims pending at, or asserted after, the Closing; provided, however, that nothing contained herein shall operate to release or discharge any of the Holder’s rights (i) under the Merger Agreement, this Letter or any kindagreement delivered hereunder or thereunder or any of the provisions set forth herein or therein, nature (ii) under any written employment or descriptionseverance agreement or other agreement between the Holder and the Company, whether (iii) for any accrued compensation owed by the Company for the period prior to the Effective Time, if Holder is an employee of the Company, (iv) for vested accrued benefits arising in law or equity or upon contract or tort from or under any state employee benefit plan of the Company, whether or federal law or otherwisenot subject to the Employee Retirement Income Security Act of 1974, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising as amended from the beginning of time to time, if Holder is an employee of the Company, (v) for reasonably and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention properly incurred but unreimbursed business expenses on behalf of the Company and Guarantor in executing this release that accordance with the same shall be effective as a bar to each and every claimCompany’s policies, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 if Holder is an employee of the Civil Code Company, (vi) for indemnification, contribution or right to advancement of expenses under any indemnification agreement between Holder (or its Affiliates) and Parent, Merger Sub One, Merger Sub Two or the Company, and/or under the certificate of incorporation and/or bylaws of the State of CaliforniaCompany, which provides: or under any A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.tailThe parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true insurance policy and (vii) with respect to such claimsany matters or claims that may not be released as a matter of applicable Law. All authority conferred herein or agreed to be conferred shall survive the bankruptcy, demandsliquidation or dissolution of the Holder, or causes and any obligation of action and agree that this instrument the Holder shall be binding upon the successors and remain effective in all respects notwithstanding any such differences or additional factsassigns of the Holder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (JetPay Corp)

Release. Company Subject to those obligations of Hotel Sellers in this Agreement which shall expressly survive the Closing, the SHR Parties and anyone claiming by, through or under the Guarantor signing the Acknowledgment SHR Parties hereby waives its right to recover from and Agreement fully and irrevocably releases Hotel Sellers and each of Guarantor set forth below hereby absolutely their respective Affiliates and unconditionally release and forever discharge Xxxxx Fargoeach of their respective employees, and any and all participantsofficers, parent corporationsdirectors, subsidiary corporationsrepresentatives, affiliated corporationsagents, insurersadvisors, indemnitorsservants, attorneys, affiliates, parent, subsidiaries, successors and assigns thereof, together with all of the present and former directors, officers, agents, attorneysassigns, and employees of any of all persons, firms, corporations and organizations acting on Hotel Sellers’ behalf (collectively, the foregoing, “Released Parties”) from any and all claims, demands responsibility and/or liability that the SHR Parties may now have or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have hereafter acquire against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claimReleased Parties for any costs, demand and loss, liability, damage, expenses, demand, action or cause of action specified arising from or related to (i) the Hotels, (ii) Assumed Liabilities and (iii) all other matters for which Hotel Sellers are indemnified under Section 8.1. This release includes claims of which the SHR Parties are presently unaware or which the SHR Parties do not presently suspect to exist which, if known by the SHR Parties, would materially affect the SHR Parties’ release of the Released Parties. The SHR Parties specifically waive the provision of any statute or principle of law, which provides otherwise. In this connection and to the extent permitted by law, the SHR Parties agree, represent and warrant that the SHR Parties realize and acknowledge that factual matters now unknown to the SHR Parties may have given or may hereafter give rise to causes of action, claims, demands, debts, controversies, damages, costs, losses and expenses which are presently unknown, unanticipated and unsuspected, and the SHR Parties further agree, represent and warrant that the waivers and releases herein have been negotiated and agreed upon in furtherance light of this intention that realization and that the Company SHR Parties nevertheless hereby intend to release, discharge and Guarantor acquit Hotel Sellers and each waives of the Released Parties from any such unknown causes of action, claims, demands, debts, controversies, damages, costs, losses and relinquishes all rights and benefits under expenses. The SHR Parties expressly waive (i) the provisions of Section 1542 of the California Civil Code of the State of California, which provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” and (ii) all similar provisions or rules of law. The parties acknowledge that each may SHR Parties elect to and do assume all risk for such claims heretofore and hereafter discover facts different from or in addition to those arising, whether now known or believed to be true with respect to such claimsunknown by the SHR Parties. BY INITIALING BELOW, demands, or causes of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.THE SHR PARTIES HEREBY WAIVE THE PROVISIONS OF SECTION 1542 IN CONNECTION WITH THE MATTERS WHICH ARE THE SUBJECT OF THE FOREGOING WAIVERS AND RELEASES: HOTEL BUYER’S INITIALS HOTEL BUYER’S INITIALS STRATEGIC’S INITIALS SH FUNDING’S INITIALS

Appears in 1 contract

Samples: Purchase and Sale Agreement (Strategic Hotels & Resorts, Inc)

Release. Company For valuable consideration, the receipt and the Guarantor signing the Acknowledgment and Agreement sufficiency of Guarantor set forth below which is hereby absolutely and unconditionally release acknowledged, Contractor releases and forever discharge Xxxxx Fargodischarges Renovate America and each of its shareholders, subsidiaries, affiliated and related entities, predecessors, successors, assigns, partners, privities, any person or entity involved with or providing any element of the HERO Program, and any each of its and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the their present and former directors, officers, employees, agents, attorneysrepresentatives, and employees of any of the foregoingand all persons, firms or corporations liable or who might be claimed to be liable, whether or not herein named, from any and all claims, demands or demands, damages, actions, causes of action or lawsuits of any kind, kind or nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwisewhatsoever, which Company or Guarantor has had, Contractor now has or has made claim may hereafter have, arising out of or in any way relating to have against any such person for or by reason and all injuries and damages of any actand every kind, omissionand also any and all injuries and damages that may develop in the future, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar result of or in any way relating to each or arising out of Contractor’s participation in HERO Direct Pay. Section 1542 Waiver. In giving the release in this Section, which includes claims which may be unknown to me at present, Contractor acknowledges that it has read and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under understands Section 1542 of the California Civil Code of the State of CaliforniaCode, which providesreads as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that each may hereafter discover facts different from or in addition to those now known or believed to be true Contractor hereby expressly waives and relinquishes all rights and benefits under Section 1542 and any law of any other jurisdiction of similar effect with respect to such its release of claims in Section 1542, including but not limited to its release of unknown claims. This release and Section 1542 waiver will bind the successors and assigns of both Contractor and Renovate America and inure to the benefit of all of them. If any provision of this release is determined to be invalid or unenforceable, demandsin whole or in part, or causes this determination will not affect any other provision of action this release and agree that this instrument shall the provision in question will be and remain effective in all respects notwithstanding any such differences or additional factsmodified so as to be rendered enforceable.

Appears in 1 contract

Samples: Eligibility Agreement

Release. Company Upon the Effective Date, Plaintiffs named in this Settlement Agreement and Release and every Settlement Class Member (except those who timely opt-out), for themselves, their attorneys, spouses, beneficiaries, executors, representatives, heirs, successors, and assigns, in consideration of the Guarantor signing the Acknowledgment and Agreement of Guarantor relief set forth below hereby absolutely in the Settlement Agreement, fully and unconditionally finally release and forever discharge Xxxxx FargoMRIA, and any and all participantssubsidiary, parent corporationsand related entities, subsidiary corporationsall officers, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officersshareholders, employees, agents, attorneys, insurers, successors, and employees of any of the foregoing, persons who acted on their behalf from any and all claimsclaims or causes of action, demands whether known or unknown, that concern, refer or relate to (a) the Data Incident; and (b) all other claims or causes of action that were pleaded, or that could have been pleaded based on the Data Incident and/or MRIA’s response to the Data Incident in the Lawsuit. The claims released in this paragraph are referred to as the “Released Claims,” and the parties released are referred to as the “Released Parties.” The five named Plaintiffs waive any principles of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which Company or Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time similar to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under Section 1542 of the California Civil Code of the State of CaliforniaCode, which provides: A GENERAL RELEASE REELASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MIGHT HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” DEBTOR OR RELEASED PARTY. The parties five named Plaintiffs agree that Section 1542 and all similar federal or state laws, rules, or legal principles of any other jurisdiction are knowingly and voluntarily waived in connection with the claims released in the Settlement Agreement and agree that this is an essential term of the Settlement Agreement. Plaintiffs and the Settlement Class Members acknowledge that each they may hereafter later discover claims presently unknown or suspected, or facts different from or in addition to or different from those which they now known or believed believe to be true with respect to such claimsthe matters released in the Settlement Agreement. Nevertheless, demandsPlaintiffs and Settlement Class Members fully, or causes of action finally, and agree that this instrument shall be forever settle and remain effective in all respects notwithstanding any such differences or additional factsrelease the Released Claims against the Released Parties.

Appears in 1 contract

Samples: Settlement Agreement and Release

Release. Company In consideration of this agreement and the Guarantor signing the Acknowledgment performance thereof and Agreement of Guarantor set forth below hereby absolutely other good and unconditionally release valuable consideration, each Borrower forever releases and forever discharge Xxxxx Fargodischarges Agent, its affiliates, officers, directors, consultants, agents, and any employees, and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, their respective successors and assigns thereof, together with all of (collectively the present and former directors, officers, agents, attorneys, and employees of any of the foregoing, "Released Parties") from any and all claimsactions, demands or causes of action action, suits, debts, dues, sums of any kindmoney, nature accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law, admiralty or descriptionequity, whether arising in law without defense, offset or equity or upon contract or tort or under any state or federal law or otherwisecounterclaim, which Company any Borrower, directly or Guarantor has hadindirectly, ever had or now has or has made claim to can, shall or may, have against any such person for of the Released Parties for, upon, or by reason of any act, omission, matter, cause or thing whatsoever arising from whatsoever. Each Borrower expressly and explicitly acknowledges that it is aware of and is knowingly waiving any rights that he, she, or it may have against the beginning Released Parties under the provisions of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is the intention of the Company and Guarantor in executing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified and in furtherance of this intention the Company and Guarantor each waives and relinquishes all rights and benefits under California Civil Code Section 1542 (and any similar principle of the Civil Code of the State of Californialaw under any other applicable jurisdiction), which providessection reads as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The parties acknowledge that " In addition, to the foregoing, each may hereafter discover facts different of the Borrowers agrees to forever refrain and forbear from commencing, assisting, instituting, prosecuting or encouraging others to institute or prosecute any litigation, action, arbitration, administrative or other proceeding of any kind against any of the Released Parties directly or indirectly arising out of, resulting from or relating in addition any way to those now known the subject matter of or believed to be true with respect to such claims, demands, or causes the fact and course of action and agree that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional factsconduct underlying the releases granted herein.

Appears in 1 contract

Samples: Credit Agreement (Tarrant Apparel Group)

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