Common use of General Releases Clause in Contracts

General Releases. At the Closing, each Shareholder shall deliver general releases to MIOA, in form and substance satisfactory to MIOA and its counsel, releasing Company and the directors, officers, agents and employees of the Company from all claims through the Closing Date, except (i) as may be described in written contracts disclosed in the Disclosure Schedules and expressly described and excepted from such releases, and (ii) in the case of persons who are employees of the Company, compensation for current periods expressly described and excepted from such releases. Such releases shall also contain waivers of any right of contribution or other recourse against the Company with respect to representations, warranties or covenants made herein by the Company.

General Releases. At the Closing, each Shareholder shall deliver general releases to MIOAABR, in form and substance satisfactory to MIOA ABR and its counsel, releasing Company and the directors, officers, agents and employees of the Company from all claims through to the Closing Date, except (i) as may be described in written contracts disclosed in the Disclosure Schedules Schedule and expressly described and excepted from such releases, and (ii) in the case of persons who are employees of the Company, compensation for current periods expressly described and excepted from such releases. Such releases shall also contain waivers of any right of contribution or other recourse against the Company with respect to representations, warranties or covenants made herein by the Company.

General Releases. At the Closing, each the Shareholder shall deliver general releases to MIOA, substantially in the form and substance satisfactory to MIOA attached hereto as EXHIBIT __, releasing the Surviving Company and its counsel, releasing Company and the directors, officers, agents and employees of the Surviving Company from all claims through the Closing Effective Date, except (i) as may be described in written contracts disclosed in the Disclosure Schedules disclosure schedules and expressly described and excepted from such releases, and (ii) in the case of persons who are employees of the Company, indemnification rights and compensation for current periods expressly described and excepted from such releases. Such releases shall also contain waivers of any right of contribution or other recourse against the Surviving Company with respect to representations, warranties or covenants made herein by the Company.