General Lender Release Sample Clauses

General Lender Release. The Company and the Lenders executing the written releases referred to in paragraph (i) above shall have used reasonable commercial efforts to have the Plan, as confirmed by the Bankruptcy Court, provide that the Executive is released to the fullest extent permitted by applicable law from any and all Lender Claims (it being understood, however that no appeal of the order confirming the Plan shall be required to satisfy the requirements of this clause (iii)); provided, that such release shall not operate as a waiver of or release from any causes of action arising out of the willful misconduct of the Executive.