Common use of Discharge liability Clause in Contracts

Discharge liability. subject to section 542 of the FMCA, to discharge or exonerate any person or persons from any liability in respect of any act or omission for which such person or persons may have become responsible under this Deed or in relation to the Bonds;

Discharge liability. subject to section 542 of the FMCA, to discharge or exonerate any person or persons from any liability in respect of any act or omission for which such person or persons may have become responsible under this the Deed or in relation to the Bonds;