Limitation of Release. Notwithstanding any statement above, the releases referenced in Sections 4.1 and 4.2 will not become effective unless --- and until both payments referenced in Section 2.1 have been timely received, deposited and collected by MEYERS ASSOCIATES and at least nin▇▇▇-▇▇e (91) days have elapsed since Meyers Associates' receipt, depos▇▇ ▇▇▇ collection of the second payment referenced in Section 2.1 without CT Holdings or Citadel having filed for or being placed into bankruptcy, or having sought protection under any similar or related rule of law. The Parties further acknowledge and agree that the release in Sections 4.1 and 4.2 do not include any claims a Party may have against any other Party for a failure to comply with or breach of any provision in this Agreement.
Appears in 2 contracts
Sources: Settlement Agreement (Citadel Security Software Inc), Settlement Agreement (Ct Holdings Enterprises Inc)