Common use of Waiver of Claims by the Company Clause in Contracts

Waiver of Claims by the Company. The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against the Lenders, or either of them, or any of the Lenders’ respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against the Lenders, or either of them, or any of the Lenders’ respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES the Lenders and the Lenders’ respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

Appears in 2 contracts

Samples: Modification Agreement (Stem Cell Innovations, Inc.), Standstill and Forbearance Agreement (Advanced Cell Technology, Inc.)

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Waiver of Claims by the Company. The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against the LendersLender, or either of them, or any of the Lenders’ Lender’s respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against the LendersLender, or either of them, or any of the Lenders’ Lender’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES the Lenders Lender and the Lenders’ Lender’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

Appears in 2 contracts

Samples: Standstill and Forbearance Agreement (Oxis International Inc), Standstill and Forbearance Agreement (Oxis International Inc)

Waiver of Claims by the Company. The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against the LendersAgent or Holders, or either of them, or any of the LendersHolders’ respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against the LendersHolders, or either of them, or any of the LendersHolders’ respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Standstill and Forbearance Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES the Lenders Holders and the LendersHolders’ respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

Appears in 1 contract

Samples: Forbearance Agreement (Arkados Group, Inc.)

Waiver of Claims by the Company. The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against the LendersAgent or Holder, or either of them, or any of the Lenders’ Agent’s or the Holder’s respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against the LendersAgent or the Holder, or either of them, or any of the Lenders’ Agent’s or the Holder’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Forbearance Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES the Lenders Agent and the Lenders’ Holder and the Agent’s and the Holder’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

Appears in 1 contract

Samples: Securities Purchase Agreement (Legend Oil & Gas, Ltd.)

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Waiver of Claims by the Company. The Company hereby acknowledges and agrees that it has no offsets, defenses, claims, or counterclaims against the Lenders, or either of them, Lender or any of the Lenders’ Lender’s respective officers, directors, employees, members, managers, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Indebtedness, Default Indebtedness or otherwise, and that if the Company now has, or ever did have, any such offsets, defenses, claims, or counterclaims against the LendersLender, or either of them, or any of the Lenders’ Lender’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the beginning of the world through this date and through the time of execution of this Agreement, all of them are hereby expressly WAIVED, and the Company hereby RELEASES the Lenders Lender and the Lenders’ Lender’s respective officers, directors, employees, affiliates, attorneys, representatives, predecessors, successors, and assigns from any liability therefor.

Appears in 1 contract

Samples: Standstill and Forbearance Agreement (GT Biopharma, Inc.)

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