Common use of Shareholders’ Release Clause in Contracts

Shareholders’ Release. The Shareholder shall have executed and delivered to Buyer immediately prior to the Closing Date an instrument dated the Closing Date in the form of EXHIBIT "C" hereto (the "Shareholder's Release") releasing the Company from any and all claims of the Shareholder against the Company and obligations of the Company to the Shareholder.

Appears in 2 contracts

Sources: Stock Purchase Agreement (1st Atlantic Guaranty Corp), Stock Purchase Agreement (SBM Certificate Co)