Common use of Release of Agent Clause in Contracts

Release of Agent. The FDIC, on behalf of itself and all of its heirs, successors and assigns, (a) does hereby remise, release, acquit, satisfy and forever discharge the Agent and its parents, subsidiaries, affiliated corporations and real estate investment trusts of the Agent, and all of their respective past, present and future officers, directors, shareholders, employees, agents, attorneys, representatives, participants, heirs, successors and assigns (collectively, the "Agent Affiliates"), from any and all manner of debts, accountings, bonds, warranties, representations, covenants, promises, contracts, controversies, agreements, liabilities, obligations, expenses, damages, judgments, executions, actions, claims, demands and causes of action of any nature whatsoever, whether at law or in equity, either now accrued or hereafter maturing, which the FDIC now has or hereafter can, shall or may have by reason of any matter, cause or thing, from the beginning of the world to and including the date of this Agreement with respect to any matters, transactions, occurrences, agreements, actions or events arising out of, in connection with or relating to any act or failure to act by the Agent in respect of (i) any of the Bank Group Obligations or any portion of the Collateral and (ii) any of the Bank Group Loan Documents; and (b) do hereby covenant and agree never to institute or cause to be instituted or continue prosecution of any suit or other form of action or proceeding of any kind or nature whatsoever against any of the Agent Affiliates, by reason of or in connection with any of the foregoing matters, claims or causes of action; provided, however, that the foregoing release and covenant not to sue sh▇▇▇ not apply to any claims arising after the Closing Date with respect to acts, occurrences or events occurring after the Closing Date.