Third-Party Release Sample Clauses
A Third-Party Release clause provides that certain non-debtor parties, such as affiliates, officers, or other related entities, are released from liability for claims connected to the agreement or transaction. In practice, this means that parties not directly involved in the contract but who may have some connection to the subject matter are protected from lawsuits or claims by the contracting parties or other stakeholders. The core function of this clause is to limit the scope of potential legal actions, thereby reducing risk and providing certainty for third parties who might otherwise be exposed to liability.
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Third-Party Release. Effective as of the Effective Date, each and all of the Releasing Parties (regardless of whether a Releasing Party is also a Released Party) conclusively, absolutely, unconditionally, irrevocably, and forever discharges and releases (and each Entity so discharged and released shall be deemed discharged and released by the Releasing Parties) each and all of the Released Parties and their respective property from any and all claims, interests, obligations, rights, suits, damages, Causes of Action, remedies, and liabilities whatsoever, including with respect to any rights or Claims that could have been asserted against any or all of the Released Parties with respect to the Guaranty and Pledge Agreement (but only to the extent released in connection with the Bank Guaranty Settlement), the Upfront Payment, the RSA Forbearance Fees, any derivative claims, asserted or assertable on behalf of any or all of the Debtors, the Estates, or the Reorganized Debtors, as applicable, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity, or otherwise, that such Entity would have been legally entitled to assert (whether individually or collectively), based on or relating to, or in any manner arising from, in whole or in part, any or all of the Debtors, the Debtors’ restructuring, the Chapter 11 Cases, the Restructuring Support Agreements, the purchase, sale, transfer, or rescission of the purchase, sale, or transfer of any debt, security, asset, right, or interest of any or all of the Debtors or the Reorganized Debtors, 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 any Debtor and any Released Party, the restructuring or any alleged restructuring or reorganization of Claims and Interests prior to or in the Chapter 11 Cases, the negotiation, formulation, or preparation of the Restructuring Documents, or related agreements, instruments, or other documents (including the Restructuring Support Agreements and, for the avoidance of doubt, providing any legal opinion requested by any Entity regarding any transaction, contract, instrument, document, or other agreement contemplated by the Plan or the reliance by any Released Party on the Plan or the Confirmation Order in lieu of such legal opinion), any other act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date ...
Third-Party Release. Effective as of the Effective Date, each Releasing Party, in each case on behalf of itself and its 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, is deemed to have released and discharged each Debtor, Reorganized Debtor, and Released Party from any and all Causes of Action, whether known or unknown, including any derivative claims, asserted or assertable on behalf of any of the Debtors, that such Entity would have been legally entitled to assert (whether individually or collectively), based on or relating to, or in any manner arising from, in whole or in part, the Debtors (including the management, ownership or operation thereof), the purchase, sale, or
Third-Party Release. In the event Concessionaire shall discover a Third Party’s Release of any Regulated Substance on or from the Premises, Concessionaire immediately shall comply with all applicable Release Notification Requirements and notify the Authority of the Release. This does not limit the Parties’ rights and obligations to each other with respect to Third Party Parties’ Releases of Regulated Substances on or from the Premises. Such rights and obligations shall be determined on incident-specific bases according to the other provisions of this Lease and according to Law.
Third-Party Release. 42 E. Exculpation ..................................................................................................................................... 42 F. Injunction ........................................................................................................................................ 43 G.
Third-Party Release. Notwithstanding any provision of this Lease to the contrary, in the event that during the Term of this Lease (a) any release (or contamination) into the environment of any Hazardous Substance occurs as the result of acts or omissions of any third party other than (I) Lessee, Lessee's invitees or any Lessee Party and/or (ii) Lessor, Lessor's invitees or any Lessor Party (a "Third Party Release") and (b) Lessor shall be required to remediate such Third Party Release (or contamination) under applicable Laws, Lessee shall reimburse Lessor for an amount equal to fifty percent under applicable Laws, Lessee shall reimburse Lessor for an amount equal to fifty percent (50%) of the costs and expense incurred by Lessor in connection with such remediation; provided, however that Lessee shall only be required to reimburse Lessor in accordance with this Paragraph 6.
Third-Party Release. The Aircraft bearing Rank Nos. *** and *** in the schedule in Subparagraph 2.4 are subject to third-party release within *** Working Days of signature of this Amendment. Promptly after such period, AVSA will notify Northwest whether it has obtained such release. If third-party release is obtained, the schedule in Subparagraph 2.4 will remain in full force and effect. If, however, third-party release is not obtained within the period stated above, AVSA will, at Northwest’s option,
(i) in respect of the Aircraft bearing Rank No. ***, either
(a) pay Northwest ***, which is ***, upon which neither Northwest nor AVSA will have any more rights or obligations in respect of such Aircraft, or
(b) offer the Buyer an alternative delivery position for such Aircraft not later than 2007 (if Aircraft bearing Rank No. *** is the first Aircraft in respect of which such third-party release has not been obtained) or the first half of 2008 (if Aircraft bearing Rank No. *** is the first Aircraft in respect of which such third-party release has not been obtained), and
(ii) in respect of the Aircraft bearing Rank No. ***, offer the Buyer an alternative delivery position for such Aircraft not later than 2007 (if Aircraft bearing Rank No. *** is the first Aircraft in respect of which such third-party release has not been obtained) or the first half of 2008 (if Aircraft bearing Rank No. *** is the first Aircraft in respect of which such third-party release has not been obtained).
Third-Party Release. On the Substantial Consummation Date and effective as of the Substantial Consummation Date, to the extent permitted by law, the Releasing Parties shall provide a full discharge and release (and each Entity so released shall be deemed released by the Releasing Parties) to the Third Party Releasees and their respective property from any and all Causes of Action, whether known or unknown, whether for tort, fraud, contract, violations of federal or state securities laws, or otherwise, arising from or related in any way to the Debtors, including, without limitation, those in any way related to the Chapter 11 Cases or the Plan to the fullest extent of the law; provided, however, that the foregoing “Third Party Release” shall not operate to waive or release any of the Third Party Releasees from any Causes of Action (i) expressly set forth in and preserved by the Plan, the Plan Supplement or related documents or (ii) arising under the H▇▇▇▇▇ Gaming Amended and Restated Senior Credit Facility or the New Slot Co Bank Loan.
Third-Party Release. Effective upon execution hereof, the Third Party involved in the Third Party Transaction shall have no liability whatsoever for any claims, liabilities or other damages arising under, or pursuant to, the Merger Agreement and related transaction documents or otherwise based upon, or related to the termination of the Merger Agreement and transactions contemplated thereby and/or the pursuit or entry into any Third Party Transaction.
Third-Party Release. The Developer agrees to make reasonable efforts to cause all assignees, purchasers, tenants, subtenants or any other entity acquiring property or occupancy rights in the District to provide to the City a consent to release information regarding aggregate CID Sales Tax generated within the District to the Developer, any trustee or escrow agent appointed by the City with respect to the CID Sales Tax revenues, and the City’s accountants, financial advisors and legal counsel.