Release of Claims Clause Example with 4 Variations from Business Contracts
This page contains Release of Claims clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Release of Claims. The Borrower for itself, its successors and assigns and all those at interest therewith, including, without limitation, each Guarantor, (collectively, the "Releasing Parties"), jointly and severally, hereby voluntarily and forever, RELEASE, DISCHARGE AND ACQUIT the Administrative Agent, the Lenders and their respective officers, directors, shareholders, employees, agents, successors, assigns, representatives, affiliates and insurers (sometimes referred to below collectively as the "Released Part...ies") and all those at interest therewith of and from any and all claims, causes of action, liabilities, damages, costs (including, without limitation, attorneys' fees and all costs of court or other proceedings), and losses of every kind or nature at this time known or unknown, direct or indirect, fixed or contingent, which the Releasing Parties, have or hereafter may have arising out of any act, occurrence, transaction, or omission occurring from the beginning of time to the date of execution of this Amendment if related to the Note or the other Loan Documents (the "Released Claims"), except that (i) the future duties and obligations of the Lenders under the Loan Documents and the rights of the Borrower to its funds on deposit with the Lenders shall not be included in the term Released Claims and (ii) the right of the Borrower to require the correction of manifest accounting errors and similar administrative errors shall not be included in the term Released Claims. IT IS THE EXPRESS INTENT OF THE RELEASING PARTIES THAT THE RELEASED CLAIMS SHALL INCLUDE ANY CLAIMS OR CAUSES OF ACTION ARISING FROM OR ATTRIBUTABLE TO THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OF THE RELEASED PARTIES.View More
Variations of a "Release of Claims" Clause from Business Contracts
Release of Claims. The Borrower Each of the Borrowers for itself, its successors and assigns and all those at interest therewith, including, without limitation, each Guarantor, therewith (collectively, the "Releasing Parties"), jointly and severally, hereby voluntarily and forever, RELEASE, DISCHARGE AND ACQUIT the Administrative Agent, the Lenders each Bank, and their respective officers, directors, shareholders, employees, agents, successors, assigns, representatives, affiliates and insurers (sometimes referred ...to below collectively as the "Released Parties") and all those at interest therewith of and from any and all claims, causes of action, liabilities, damages, costs (including, without limitation, attorneys' fees and all costs of court or other proceedings), and losses of every kind or nature at this time known or unknown, direct or indirect, fixed or contingent, which the Releasing Parties, Parties have or hereafter may have arising out of any act, occurrence, transaction, transaction or omission occurring from the beginning of time to the date of execution of this Amendment if related to the Note Notes, the Credit Agreement, the Forbearance Agreement or the other Loan Documents (the "Released Claims"), except that (i) the future duties and obligations of the Lenders Administrative Agent and the Banks under the Forbearance Agreement (as amended by this Amendment) and the other Loan Documents Documents, and the rights of the each Borrower to its funds on deposit with the Lenders any Bank, shall not be included in the term Released Claims and (ii) the right of the Borrower to require the correction of manifest accounting errors and similar administrative errors shall not be included in the term Released Claims. IT IS THE EXPRESS INTENT OF THE RELEASING PARTIES THAT THE RELEASED CLAIMS SHALL INCLUDE ANY CLAIMS OR CAUSES OF ACTION ARISING FROM OR ATTRIBUTABLE TO THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OF THE RELEASED PARTIES. 3 10. No Commitment to Renew. By execution of this Amendment, each of the Borrowers warrants and represents to the Administrative Agent and the Banks and agree that there is no commitment of any party for a renewal, extension, or modification of the Credit Agreement, the Notes, the Forbearance Period or this Amendment in the future on any terms whatsoever. View More
Release of Claims. The Borrower and the Guarantors, each for itself, its successors and assigns assigns, and all those at interest therewith, including, without limitation, each Guarantor, therewith (collectively, the "Releasing Parties"), jointly and severally, hereby voluntarily and forever, RELEASE, DISCHARGE AND ACQUIT the Administrative Agent, the Lenders Lender and their respective its officers, directors, shareholders, employees, agents, counsel, successors, assigns, representatives, affiliates and insurers... (sometimes referred to below collectively as the "Released Parties") and all those at interest therewith of and from any and all claims, causes of action, liabilities, damages, costs (including, without limitation, attorneys' fees and all costs of court or other proceedings), and losses of every kind or nature at this time known or unknown, direct or indirect, fixed or contingent, which the Releasing Parties, Parties have or hereafter may have arising out of any act, occurrence, transaction, transaction or omission occurring from the beginning of time to the date of execution of this Amendment if related to the Note Note, the Credit Agreement or the other Loan Documents or any actions taken by any of the Released Parties in connection therewith (the "Released Claims"), except that (i) the future duties and obligations of the Lenders Lender under the Loan Documents and the future rights of the Borrower and the Guarantors to its their respective funds on deposit with the Lenders shall not be included in the term Released Claims and (ii) the right of the Borrower to require the correction of manifest accounting errors and similar administrative errors Lender shall not be included in the term Released Claims. IT IS THE EXPRESS INTENT OF THE RELEASING PARTIES THAT THE RELEASED CLAIMS SHALL INCLUDE ANY CLAIMS OR CAUSES OF ACTION ARISING FROM OR ATTRIBUTABLE TO THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OF THE RELEASED PARTIES. The release of claims set forth in this paragraph 23 is a material inducement to the Lender's willingness to enter in this Amendment and extend the Forbearance Period. View More
Release of Claims. The Borrower and the Guarantors, each for itself, its successors and assigns assigns, and all those at interest therewith, including, without limitation, each Guarantor, therewith (collectively, the "Releasing Parties"), jointly and severally, hereby voluntarily and forever, RELEASE, DISCHARGE AND ACQUIT the Administrative Agent, the Lenders Lender and their respective its officers, directors, shareholders, employees, agents, counsel, successors, assigns, representatives, affiliates and insurers... (sometimes referred to below collectively as the "Released Parties") and all those at interest therewith of and from any and all claims, causes of action, liabilities, damages, costs (including, without limitation, attorneys' fees and all costs of court or other proceedings), and losses of every kind or nature at this time known or unknown, direct or indirect, fixed or contingent, which the Releasing Parties, Parties have or hereafter may have arising out of any act, occurrence, transaction, transaction or omission occurring from the beginning of time to the date of execution of this Amendment if related to the Note Note, the Credit Agreement or the other Loan Documents or any actions taken by any of the Released Parties in connection therewith (the "Released Claims"), except that (i) the future duties and obligations of the Lenders Lender under the Loan Documents and the future rights of the Borrower and the Guarantors to its their respective funds on deposit with the Lenders shall not be included in the term Released Claims and (ii) the right of the Borrower to require the correction of manifest accounting errors and similar administrative errors Lender shall not be included in the term Released Claims. IT IS THE EXPRESS INTENT OF THE RELEASING PARTIES THAT THE RELEASED CLAIMS SHALL INCLUDE ANY CLAIMS OR CAUSES OF ACTION ARISING FROM OR ATTRIBUTABLE TO THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OF THE RELEASED PARTIES. View More
Release of Claims. The Borrower and the Guarantors, each for itself, its successors and assigns assigns, and all those at interest therewith, including, without limitation, each Guarantor, therewith (collectively, the "Releasing Parties"), jointly and severally, hereby voluntarily and forever, RELEASE, DISCHARGE AND ACQUIT the Administrative Agent, the Lenders Lender and their respective its officers, directors, shareholders, employees, agents, counsel, successors, assigns, representatives, affiliates and insurers... (sometimes referred to below collectively as the "Released Parties") and all those at interest therewith of and from any and all claims, causes of action, liabilities, damages, costs (including, without limitation, attorneys' fees and all costs of court or other proceedings), and losses of every kind or nature at this time known or unknown, direct or indirect, fixed or contingent, which the Releasing Parties, Parties have or hereafter may have arising out of any act, occurrence, transaction, transaction or omission occurring from the beginning of time to the date of execution of this Amendment Forbearance Effective Date if related to the Note Note, the Credit Agreement or the other Loan Documents (the "Released Claims"), except that (i) the future duties and obligations of the Lenders Lender under the Loan Documents and the rights of the Borrower and the Guarantors to its their respective funds on deposit with the Lenders shall not be included in the term Released Claims and (ii) the right of the Borrower to require the correction of manifest accounting errors and similar administrative errors Lender shall not be included in the term Released Claims. IT IS THE EXPRESS INTENT OF THE RELEASING PARTIES THAT THE RELEASED CLAIMS SHALL INCLUDE ANY CLAIMS OR CAUSES OF ACTION ARISING FROM OR ATTRIBUTABLE TO THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OF THE RELEASED PARTIES. View More
