Common use of Purchaser’s Release Clause in Contracts

Purchaser’s Release. The Purchaser, on behalf of itself and each of its subsidiaries and affiliates, effective at the Closing Date, hereby releases and forever discharges each Seller, and his, her or its respective individual, joint or mutual, past, present and future representatives, affiliates, beneficiaries, controlling persons, successors and assigns (individually, a "SELLER RELEASEE" and collectively, "SELLER RELEASEES") from any and all claims, demands, proceedings, causes of action, orders, obligations, contracts, agreements, debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, both in law and in equity, which the Purchaser or any of its respective affiliates and subsidiaries now has, have ever had or may hereafter have against the respective Seller Releasees arising contemporaneously with or prior to the Closing Date or on account of or arising out of any matter, cause or event occurring contemporaneously with or prior to the Closing Date. This release shall not apply with respect to (i) any claims arising under this Agreement or the Notes (or any replacements thereof), and (ii) with respect solely to ▇▇. ▇▇▇▇▇▇▇▇, any of the claims or other items excluded from the general release given by the Purchaser, FCC, UTG and their respective subsidiaries and affiliates in Section 3.B of the Agreement and Release.

Purchaser’s Release. The Purchaser, on behalf of itself and each of its subsidiaries and affiliates, effective at the Closing Date, hereby releases and forever discharges each Seller, and his, her or its respective individual, joint or mutual, past, present and future representatives, affiliates, beneficiaries, controlling persons, successors and assigns (individually, a "SELLER RELEASEE" and collectively, "SELLER RELEASEES") from any and all claims, demands, proceedings, causes of action, orders, obligations, contracts, agreements, debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, both in law and in equity, which the Purchaser or any of its respective affiliates and subsidiaries now has, have ever had or may hereafter have against the respective Seller Releasees arising contemporaneously with or prior to the Closing Date or on account of or arising out of any matter, cause or event occurring contemporaneously with or prior to the Closing Date. This release shall not apply with respect to (i) any claims arising under this Agreement or the Notes Note (or any replacements thereof), and (ii) with respect solely to ▇▇. ▇▇▇▇▇▇, any claims under the ▇▇, ▇▇▇▇ Employment Agreement or any of the claims or other items excluded from the general release given by the Purchaser, FCC, UTG and their respective subsidiaries and affiliates in Section 3.B of the Agreement and ReleaseInsurance Contracts.