Civil Code §1542 Sample Clauses

Civil Code §1542. Each of Parent and its Affiliates (each, a “Releasor”) (a) represents, warrants and acknowledges that such Releasor has been fully advised by its attorney of the contents of Section 1542 of the Civil Code of the State of California, and (b) hereby expressly waives the benefits thereof and any rights such Releasor may have thereunder. Section 1542 of the Civil Code of the State of California provides as follows:
Civil Code §1542. Each Releasor expressly waives the benefits of any statutory provision or common law rule that provides, in sum or substance, that a release does not extend to claims which the party does not know or suspect to exist in its favor at the time of executing the release, which if known by it, would have materially affected its settlement with the other party. In particular but without limitation, each Releasor (a) represents, warrants and acknowledges that such Releasor has been fully advised by its attorney of the contents of Section 1542 of the Civil Code of the State of California, and (b) hereby expressly waives the benefits thereof and any rights such Releasoror any of such Releasor’s Associated Parties may have thereunder. Section 1542 of the Civil Code of the State of California provides as follows:
Civil Code §1542. Each Company Stockholder (a) represents, warrants and acknowledges that such Company Stockholder has been fully advised by his or her legal counsel of the contents of Section 1542 of the Civil Code of the State of California, and (b) hereby expressly waives the benefits thereof and any rights such Company Stockholder may have thereunder. Section 1542 of the Civil Code of the State of California provides as follows:
Civil Code §1542. Each party to this Release understands, agrees and stipulates that all rights and benefits of Section 1542 of the Civil Code of California are expressly and voluntarily waived. Section 1542 states: