Settlement and Satisfaction Sample Clauses

Settlement and Satisfaction. The execution of this Agreement by the Parties and payment of the amounts paid or payable under section 2.2 by Manitoba and Hydro will, subject to subsection 7.2.3, constitute a full and final settlement and satisfaction of any and all obligations and liabilities of Manitoba or Hydro related to: (a) all existing responsibilities and obligations of Manitoba and Hydro to War Lake arising out of the Project; (b) all past, present and future loss or damage suffered by War Lake and War Lake Members, attributable to Adverse Effects; and (c) any and all actions, causes of action, suits, claims, demands, losses or damages of any nature or kind whatsoever, at law or in equity, which War Lake, or War Lake on behalf of any War Lake Member, their respective successors, assigns, heirs, executors or administrators, have had, now have or hereafter can, shall or may have, for, or by reason of, any cause, matter or thing whatsoever to the extent attributable to the Project including, without limitation, actions, claims, demands, losses or damages in relation to all construction and operational activity associated with the Project.

Settlement and Satisfaction. This Agreement will, subject to section 7.3, constitute a full and final settlement and satisfaction of any and all obligations of Manitoba or Hydro in respect of, and all liabilities of Manitoba or Hydro arising out of or attributable to: (a) Adverse Effects of the Project prior to the Date of this Agreement; and (b) Adverse Effects of the Project after the Date of this Agreement.

Settlement and Satisfaction. Upon execution of this Agreement or as at a time as soon as reasonably practicable thereafter, Monarch shall take any and all actions necessary or reasonably advisable to remit to Benacquista twenty-five thousand (25,000) of the Common Shares it received upon exercise of the Warrant in consideration of the full satisfaction of the outstanding principal balance of the Note together with all interest accrued thereon through the date hereof.

Settlement and Satisfaction. HFG hereby confirms to the Surviving Corporation, on behalf of HFG and the other holders of Class 6 Claims, that the respective claims of HFG and the holders of Class 6 Claims against the Company and the Surviving Corporation, as the Post Confirmation Debtor of the Company, will be fully settled and satisfied upon the consummation of the transactions contemplated by this Agreement.