Release of Liabilities Clause Samples

Release of Liabilities. The Purchaser agrees to fully and unconditionally release and forever discharge the Seller from any and all liabilities of the Company that exist (known or unknown) as of immediately prior to the Effective Date and the Purchaser hereby agrees to indemnify and hold harmless the Seller and the Seller’s subsidiaries and its and their directors, employees and representatives from and against any and all debts, obligations, liabilities, monetary damages, fines, fees, penalties, interest obligations, deficiencies, losses and reasonable expenses (including out of pocket costs of investigation and defense and reasonable attorneys’ fees and expenses) arising out of or resulting from any and all liabilities of the Company that exist (known or unknown) as of immediately prior to the Effective Date and the Assumed Liabilities.

Release of Liabilities. Termination of this Agreement shall not release the Account holder (holders) from any liability with respect to transactions effected until the date of termination regardless of whether claims were made before or after such termination.

Release of Liabilities. All obligations of the Company and its subsidiaries and Affiliates to the Shareholders pursuant to any contract, agreement, understanding or otherwise shall have been extinguished without any consideration from the Company, and the Company shall have been fully released therefrom with respect to any future liability thereon.

Release of Liabilities. Except with respect to the obligations set forth in this Agreement, upon the First Closing each Holder shall, for itself and its legal successors and assigns release and forever discharge the Company and its stockholders, partners, directors, officers, employees, agents, attorneys, legal successors and assigns of and from any and all claims, demands, damages, debts, liabilities, accounts, reckonings, obligations, costs, expenses, liens, actions and causes of action of every kind and nature whether now known or unknown, suspected or unsuspected which it either now has, owns or holds or at any time before ever owned or held or could, shall or may in the future have, own or hold against the Company or such stockholders, partners, directors, officers, employees, agents, attorneys, legal successors and assigns based upon or arising out of any matter, cause, fact, thing, act, or omission related to the January Bridge Notes occurring or existing at any time up to and including the effective date of this Agreement (collectively the "Released Matters"

Release of Liabilities. Seller acknowledges that a current liability exists with respect to the lease for dba “Figueroa Family Medical Clinic” located at ▇▇▇▇-▇▇▇▇ ▇. ▇▇▇▇▇▇▇ St., Highland Park, CA 90042. Seller releases Purchaser of all liability and indemnifies Purchaser with respect to said lease obligation. Parties agree that Seller/Company (Apollo Medical Management) shall retain all liability for said lease until the sooner of the lease expiration date of August 31, 2023 or release of liability is obtained from the landlord.

Release of Liabilities. Effective as of the Termination Date, Landlord shall be released from any and all obligations and liabilities thereafter accruing under this Lease. Nothing contained herein shall constitute a waiver, limitation, amendment, or modification of any of the liabilities and obligations of Landlord under this Lease which accrue or arise prior to the Termination Date. Effective as of the Surrender Date, Tenant shall be released from any and all liabilities and obligations thereafter accruing under this Lease. Nothing contained herein shall constitute a waiver, limitation, amendment, or modification of any of the liabilities and obligations of Tenant or Landlord under this Lease which accrue or arise prior to the Termination Date.

Release of Liabilities. By execution of this Trust Agreement, each of the First Priority Guarantors, the Collateral Trustee and the Indenture Trustee acknowledge and agree that none of the members of the Board of Directors, officers or representatives of Satmex shall have or assume any liability in respect of Satmex’s obligations arising from the execution of this Trust Agreement under the provisions of Article 233, in relation with Article 229, paragraph (V), of the General Law of Commercial Organizations (Ley General de Sociedades Mercantiles). Consequently, each such person is released from such liability, with the broadest release that may be granted pursuant to applicable law, without any of the First Priority Guarantors, the Collateral Trustee or the Indenture Trustee reserving any action against them for such liability, which is hereby expressly and irrevocably waived.

Release of Liabilities. The Minority Shareholders shall have released the Company, BETI, Bird, any of their Affiliates and any of their officers, directors, stockholders, employees, agents, successors and assigns from any and all obligations, liabilities, claims, causes of action and damages, whether past or present, real or contingent, in tort or contract or otherwise, in law or equity, including but not limited to, obligations in connection with the payment of severance benefits to any Minority Shareholders, whether arising under such individual's current employment agreements and arrangements with Bird, BETI, or any other subsidiary of Bird, or otherwise, and such release shall be in form and substance reasonably acceptable to the Company, BETI and Bird and their counsel.

Release of Liabilities. Shareholder has procured the release of KnowledgeWell and the Subsidiary unconditionally from all liability whatsoever (actual or contingent) to the Shareholder and/or to third parties in respect of the liabilities and obligations of Shareholder, including, without prejudice to the generality of the foregoing, all guarantees given by KnowledgeWell and/or the Subsidiary to the bankers of the Shareholder.