Common use of Waiver and Release of All Claims and Defenses; Communications Clause in Contracts

Waiver and Release of All Claims and Defenses; Communications. (a) Each Amendment Loan Party, for itself and its respective successors and assigns, agents, employees, officers, and directors, hereby forever waive, relinquish, discharge, and release all defenses and Claims of every kind or nature, whether existing by virtue of state, federal, or local law, by agreement, or otherwise, against (i) Lender, its successors, assigns, directors, officers, shareholders, agents, employees, and attorneys, and (ii) all participants in any Commercial Loans or Advances, such participants’ successors, assigns, directors, officers, shareholders, agents, employees, and attorneys, (iii) any obligation evidenced by any Credit Agreement, any promissory note, instrument, or other Loan Document in connection therewith, and (iv) any Collateral, in each instance, which any Amendment Loan Party, may have or may have made at any time up through and including the date of this Amendment, including without limitation, any affirmative defenses, counterclaims, setoffs, deductions, or recoupments, by any Amendment Loan Party. “

Appears in 6 contracts

Samples: Forbearance Agreement (Franklin Credit Holding Corp/De/), Forbearance Agreement (Franklin Credit Holding Corp/De/), Forbearance Agreement (Franklin Credit Holding Corp/De/)

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