Approval and Release Sample Clauses
The Approval and Release clause establishes the requirement for one party to formally approve certain actions, documents, or deliverables, and, upon approval, to release the other party from further liability or claims related to those items. In practice, this clause may require a client to sign off on completed work or a deliverable, after which the service provider is no longer responsible for defects or issues unless otherwise specified. Its core function is to provide a clear point at which responsibility shifts and to prevent future disputes by confirming that the approving party is satisfied and waives further claims regarding the approved subject matter.
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Approval and Release. In connection with an Assumption of an assumable Mortgage Loan and in accordance with the provisions of the related Mortgage Loan Documents, upon such verification, (a) the Servicer may approve such Assumption and (b) only with the prior written approval of, where applicable, the Primary Mortgage Insurer and/or the Pool Insurer, unless such approval is precluded by the terms of the Mortgage Loan Documents, release the previous Borrower from liability.
Approval and Release. Foundation hereby approves the assignment and conveyance of the Purchased Interests to the Buyer. Foundation and Seller hereby irrevocably and unconditionally release each other from any and all claims arising out of or in connection with Foundation.