Release Clause Example from Business Contracts

Release. Borrower represents and warrants that as of the date of this Amendment, there are no claims or offsets or defenses or counterclaims to Borrower's obligations under the Loan Documents, and in accordance therewith Borrower: (a)waives any and all such claims, offsets, defenses or counterclaims, whether known or unknown, arising under the Loan Documents prior to the Effective Date; and (b)releases and discharges Lender and its officers, directors, employees, agents, shareholders, affiliates and atto...rneys (the "Released Parties") from any and all obligations, indebtedness, liabilities, claims, rights, causes of action or other demands whatsoever, whether known or unknown, suspected or unsuspected, in law or equity, which Borrower ever had, now has or claims to have or may have against any Released Party arising prior to the date of this Amendment and from or in connection with the Loan Documents or the transactions contemplated ELEVENTH AMENDMENT TO LOAN AGREEMENT AND FIFTH AMENDMENT TO FORBEARANCE AGREEMENT – Page 4 thereby, except those resulting from the gross negligence or willful misconduct of the Released Party. View More