Common use of Releases by the Debtor Clause in Contracts

Releases by the Debtor. As of the Effective Date, each Released Party will be deemed released and discharged by each and all of the Debtor, the Reorganized Debtor, and their Estate, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all other entities who may purport to assert any Cause of Action, directly or derivatively, by, through, for, or because of the foregoing entities, from any and all claims, obligations, rights, suits, damages, causes of action, remedies, and liabilities whatsoever, including any derivative claims, asserted or assertable on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity, or otherwise, that the Debtor, the Reorganized Debtor, or its Estate or Affiliates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the holder of any claim against, or interest in, the Debtor or other entity, based on or relating to, or in any manner arising from, in whole or in part, the Debtor, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or the Reorganized Debtor, the subject matter of, or the transactions or events giving rise to, any claim or interest that is treated in the Plan, the business or contractual arrangements between the Debtor and any Released Party, the Debtor’s in- or out-of-court restructuring efforts, intercompany transactions, the Chapter 11 Case, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Disclosure Statement, the Plan, the Transaction Support Agreement, or any other restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Case, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date, other than claims or liabilities primarily arising out of or relating to any act or omission of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent as determined by a Final Order of a court of competent jurisdiction; provided that any right to enforce the Plan and Confirmation Order is not so released by this section; provided, further, however, that nothing in this section shall operate as a release, waiver, discharge or impairment of any Cause of Action related to the non-occurrence of the Merger Date, and all Causes of Action related to the non-occurrence of the Merger Date are preserved notwithstanding anything to the contrary in this section.

Releases by the Debtor. As of On the Effective Date, each Released Party will be deemed released and discharged by each and all notwithstanding any other provisions of the Plan, the Debtor, the Reorganized Debtor, and their Estatethe Non-Debtor Subsidiaries, in each case on behalf of themselves and their respective successorsthe Estate, assigns, and representatives, and any and all other entities who may purport shall be deemed to assert any Cause of Action, directly or derivatively, by, through, for, or because of unconditionally release the foregoing entities, Released Parties from any and all claims, obligations, rightssuits, suitsjudgments, damages, causes rights, Causes of action, remediesAction, and liabilities whatsoever, including any derivative claims, asserted or assertable on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter hereafter arising, in law, equity, equity or otherwise, that assertable on behalf of or derivative from the Debtor or the Non-Debtor Subsidiaries, based in whole or in part upon actions taken solely in their respective capacities described herein or any omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date in any way relating to the Debtor, the Reorganized Debtor, or its Estate or Affiliates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the holder of any claim against, or interest inNon-Debtor Subsidiaries, the Debtor or other entity, based on or relating to, or in any manner arising from, in whole or in part, the DebtorChapter 11 Case, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or Debtor, the Reorganized Debtor, the subject matter of, or the transactions or events giving rise toNon-Debtor Subsidiaries, any claim or interest that is treated in the Plan, the business or contractual arrangements between the Debtor and any Released Party, the Debtor’s in- or out-of-court restructuring efforts, intercompany transactions, the Chapter 11 Case, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Disclosure Statement, the Plan, the Transaction Restructuring Support Agreement, the Plan Supplement or any other restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Casedocuments included therein, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreementagreements, or upon any other act or omission, transaction, agreement, eventinstruments, or other occurrence taking place on or before the Effective Datedocuments, other than claims or liabilities primarily arising out of or relating to provided, however, that (a) no individual shall be released from any act or omission of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent willful misconduct, or fraud as determined by a Final Order of a court of competent jurisdiction; provided that any Order, (b) other than with respect to the Prepetition Credit Facility Claims, the Reorganized Debtor shall not relinquish or waive the right to enforce assert any of the Plan and Confirmation Order is not so released by this section; provided, further, however, that nothing in this section shall operate foregoing as a release, waiver, discharge legal or impairment equitable defense or right of set-off or recoupment against any Claims of any Cause of Action related to such persons asserted against the non-occurrence of the Merger DateDebtor, and all Causes of Action related (c) the foregoing release shall not apply to obligations arising under the non-occurrence of the Merger Date are preserved notwithstanding anything to the contrary in this sectionExit Financing Facility.

Releases by the Debtor. As of the Effective Date, each Released Party will be deemed released and discharged by each and all of the Debtor, the Reorganized Debtor, and their Estate, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all other entities who may purport to assert any Cause of Action, directly or derivatively, by, through, for, or because of the foregoing entities, from any and all claims, obligations, rights, suits, damages, causes of action, remedies, and liabilities whatsoever, including any derivative claims, asserted or assertable on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity, or otherwise, that the Debtor, the Reorganized Debtor, or its Estate or Affiliates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the holder of any claim against, or interest in, the Debtor or other entity, based on or relating to, or in any manner arising from, in whole or in part, the Debtor, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or the Reorganized Debtor, the subject matter of, or the transactions or events giving rise to, any claim or interest that is treated in the Plan, the business or contractual arrangements between the Debtor and any Released Party, the Debtor’s in- or out-of-court restructuring efforts, intercompany transactions, the Chapter 11 Case, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Disclosure Statement, the Plan, the Transaction Support Agreement, or any other restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Case, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date, other than claims or liabilities primarily arising out of or relating to any act or omission Entry of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent as determined by a Final Order of a court of competent jurisdiction; provided that any right to enforce the Plan and Confirmation Order is not so shall constitute the Bankruptcy Court’s approval, pursuant to Bankruptcy Rule 9019, of the Debtor Release, which includes by reference each of the related provisions and definitions contained herein, and further, shall constitute the Bankruptcy Court’s finding that the Debtor Release is: (a) in exchange for the good and valuable consideration provided by the Released Parties; (b) a good-faith settlement and compromise of the Claims released by this sectionthe Debtor Release; provided(c) in the best interests of the Debtor and all Holders of Claims and Interests; (d) fair, furtherequitable, howeverand reasonable; (e) given and made after due notice and opportunity for hearing; and (f) a bar to any of the Debtor, that nothing in this section shall operate as a releasethe Reorganized Debtor, waiver, discharge or impairment of the Estate asserting any claim or Cause of Action related released pursuant to the non-occurrence of the Merger Date, and all Causes of Action related to the non-occurrence of the Merger Date are preserved notwithstanding anything to the contrary in this sectionDebtor Release.

Releases by the Debtor. As of On the Effective Date, each Released Party will be deemed released and discharged by each and all notwithstanding any other provisions of the Plan, the Debtor, the Reorganized Debtor, and their Estatethe Non-Debtor Subsidiaries, in each case on behalf of themselves and their respective successorsthe Estate, assigns, and representatives, and any and all other entities who may purport will be deemed to assert any Cause of Action, directly or derivatively, by, through, for, or because of unconditionally release the foregoing entities, Released Parties from any and all claims, obligations, rightssuits, suitsjudgments, damages, causes rights, Causes of action, remediesAction, and liabilities whatsoever, including any derivative claims, asserted or assertable on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter hereafter arising, in law, equity, equity or otherwise, that assertable on behalf of or derivative from the Debtor or the Non-Debtor Subsidiaries, based in whole or in part upon actions taken solely in their respective capacities described in the Plan or any omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date in any way relating to the Debtor, the Reorganized Debtor, or its Estate or Affiliates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the holder of any claim against, or interest inNon-Debtor Subsidiaries, the Debtor or other entity, based on or relating to, or in any manner arising from, in whole or in part, the DebtorChapter 11 Case, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or Debtor, the Reorganized Debtor, the subject matter of, or the transactions or events giving rise toNon-Debtor Subsidiaries, any claim or interest that is treated in the Plan, the business or contractual arrangements between the Debtor and any Released Party, the Debtor’s in- or out-of-court restructuring efforts, intercompany transactions, the Chapter 11 Case, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Disclosure Statement, the Plan, the Transaction Restructuring Support Agreement, the Plan Supplement or any other restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Casedocuments included therein, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreementagreements, or upon any other act or omission, transaction, agreement, eventinstruments, or other occurrence taking place on or before the Effective Datedocuments, other than claims or liabilities primarily arising out of or relating to provided, however, that (a) no individual will be released from any act or omission of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent willful misconduct, or fraud as determined by a Final Order of a court of competent jurisdiction; provided that any Order, (b) other than with respect to the Prepetition Credit Facility Claims, the Reorganized Debtor will not relinquish or waive the right to enforce assert any of the Plan and Confirmation Order is not so released by this section; provided, further, however, that nothing in this section shall operate foregoing as a release, waiver, discharge legal or impairment equitable defense or right of set-off or recoupment against any Claims of any Cause of Action related to such persons asserted against the non-occurrence of the Merger DateDebtor, and all Causes of Action related (c) the foregoing release will not apply to obligations arising under the non-occurrence of the Merger Date are preserved notwithstanding anything to the contrary in this sectionExit Financing Facility.

Releases by the Debtor. As Pursuant to section 1123(b) of the Bankruptcy Code, for good and valuable consideration, on and after the Effective Date, the Plan Support Parties and their respective Affiliates, members, officers, directors, shareholders, employees, representatives, advisors, attorneys, financial advisors, investment bankers and agents are each Released Party will be deemed released and discharged by each and all of the Debtor, the Reorganized Debtor, Debtor and their Estate, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all other entities who may purport to assert any Cause of Action, directly or derivatively, by, through, for, or because of the foregoing entities, Estate from any and all claimsClaims, obligations, rights, suits, damages, causes Causes of actionAction, remedies, remedies and liabilities whatsoever, whether for tort, fraud, contract, violations of federal or state securities laws, or otherwise, including any derivative claims, Claims asserted or assertable that could possibly have been asserted on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity, or otherwise, that the Debtor, Debtor or the Reorganized Debtor, or its Estate or Affiliates Debtor would have been legally entitled to assert in their its own right (whether individually or collectively) or on behalf of the holder of any claim against, Claim or interest in, the Debtor Interest or other entityEntity, based on or relating to, or in any manner arising from, in whole or in part, the DebtorDebtor or its Non-Debtor Affiliates, the Chapter 11 Case, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or the Reorganized Debtorsecurity, the subject matter of, or the transactions or events giving rise to, any claim Claim or interest Interest that is treated in the Plan, the business or contractual arrangements between the any Debtor and any Released Plan Support Party, the Debtor’s in- restructuring of Claims and Interests prior to or out-of-court restructuring efforts, intercompany transactions, in the Chapter 11 Case, the negotiation, formulation, preparation, dissemination, negotiation, filing, or consummation preparation of the this Plan and related Disclosure Statement, the Planor related agreements, the Transaction Support Agreement, or any other restructuring transaction, contract, instrument, releaseinstruments, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plandocuments, the filing of the Chapter 11 Case, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective DateDate of the Plan. Entry of the Confirmation Order shall constitute the Bankruptcy Court’s approval, other than claims or liabilities primarily arising out pursuant to Bankruptcy Rule 9019, of or relating to any act or omission the provisions of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent as determined by a Final Order this provision of a court of competent jurisdiction; provided that any right to enforce the Plan and Confirmation Order is not so released by this section; provided, further, howevershall constitute the Bankruptcy Court’s finding that the provisions hereof are: (i) in exchange for the good and valuable consideration provided by the Plan Support Parties; (ii) a good faith settlement and compromise of the Claims released; (iii) in the best interests of the Debtor and all holders of Claims and Interests; (iv) fair, that nothing in this section shall operate as equitable and reasonable; (v) given and made after due notice and opportunity for hearing; and (vi) a releasebar to any of the Debtor, waiver, discharge the Reorganized Debtor or impairment of their successors asserting any claim or Claim or Cause of Action related to the non-occurrence against any of the Merger Date, and all Causes of Action related to the non-occurrence of the Merger Date are preserved notwithstanding Plan Support Parties. Notwithstanding anything to the contrary in this sectionthe foregoing, the release set forth above does not release any post-Effective Date obligations of any party under the Plan or any document, instrument, or agreement executed to implement the Plan.

Releases by the Debtor. As of the Effective Date, each Released Party will be deemed released and discharged by each and all of the Debtor, the Reorganized Debtor, and their Estate, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all other entities who may purport to assert any Cause of Action, directly or derivatively, by, through, for, or because of the foregoing entities, from any and all claims, obligations, rights, suits, damages, causes of action, remedies, and liabilities whatsoever, including any derivative claims, asserted or assertable on behalf of the Debtor, the Reorganized Debtor, or its Estate, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity, or otherwise, that the Debtor, the Reorganized Debtor, or its Estate or Affiliates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the holder of any claim against, or interest in, the Debtor or other entity, based on or relating to, or in any manner arising from, in whole or in part, the Debtor, the purchase, sale, or rescission of the purchase or sale of any security of the Debtor or the Reorganized Debtor, the subject matter of, or the transactions or events giving rise to, any claim or interest that is treated in the Plan, the business or contractual arrangements between the Debtor and any Released Party, the Debtor’s in- or out-of-court restructuring efforts, intercompany transactions, the Chapter 11 Case, the formulation, preparation, dissemination, negotiation, filing, or consummation of the Disclosure Statement, the Plan, the Transaction Support Agreement, or any other restructuring transaction, contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Case, the pursuit of confirmation of the Plan, the pursuit of consummation of the Plan, the administration and implementation of the Plan, including the issuance or distribution of securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date, other than claims or liabilities primarily arising out of or relating to any act or omission of a Released Party that constitutes actual fraud, willful misconduct or gross negligence, each solely to the extent as determined by a Final Order of a court of competent jurisdiction; provided that any right to enforce the Plan and Confirmation Order is not so released by this section; provided, further, however, that nothing in this section shall operate as a release, waiver, discharge or impairment of any Cause of Action related to the non-occurrence of the Merger Date, and all Causes of Action related to the non-occurrence of the Merger Date are preserved notwithstanding anything to the contrary in this section. Entry of the Confirmation Order shall constitute the Bankruptcy Court’s approval, pursuant to Bankruptcy Rule 9019, of the Debtor Release, which includes by reference each of the related provisions and definitions contained herein, and further, shall constitute the Bankruptcy Court’s finding that the Debtor Release is: (a) in exchange for the good and valuable consideration provided by the Released Parties; (b) a good-faith settlement and compromise of the Claims released by the Debtor Release; (c) in the best interests of the Debtor and all Holders of Claims and Interests; (d) fair, equitable, and reasonable; (e) given and made after due notice and opportunity for hearing; and (f) a bar to any of the Debtor, the Reorganized Debtor, or the Estate asserting any claim or Cause of Action released pursuant to the Debtor Release.