Release By Contractor Sample Clauses

The 'Release By Contractor' clause serves to formally discharge the contractor from certain obligations or claims related to the project, typically upon completion of specified work or receipt of payment. In practice, this clause may require the contractor to sign a release form or statement confirming that they have received all due payments and have no further claims against the client for the completed work. Its core function is to provide legal certainty and finality, ensuring that the client is protected from future claims by the contractor once the agreed conditions are met.
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Release By Contractor. (a) After execution hereof and upon payment of the Compromise Amount, Contractor for itself and its successors and assigns or any person or entity claiming through or under it, does hereby remise, release and forever discharge the FDIC its employees, officers, directors, and agents and their respective successors and assigns, and any subsidiaries, and any subsidiary officers, directors, employees, consultants, agents and other representatives, (collectively, the "FDIC Released Parties"), of and from all manner of actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialities, covenants, conditions, contracts, controversies, agreements, promises, trespasses, damages, judgments, executions, claims, liabilities, responsibilities and demands whatsoever, at law or in equity, which
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Release By Contractor. The acceptance by the Contractor of the final payment or a payment designated as such shall be and does operate as a release by the Contractor of all claims by the Contractor against City and of all other liability of the City to the Contractor whatever, including liability for all things done or furnished in connection with the Work or the Contract.
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Release By Contractor. The price and time adjustment made in any contract modification issued as a result of a change proposal or request for an equitable adjustment shall be considered to account for all items affected by the change or other circumstances giving rise to an equitable adjustment. Upon the issuance of such contract modification, the Government shall be released from any and all liability under this contract for further equitable adjustments attributable to the facts and circumstances giving rise to the change proposal or request for equitable adjustment.
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Release By Contractor. (a) After execution hereof and upon payment of the Compromise Amount, each Contractor for itself and its successors and assigns or any person or entity claiming through or under it, does hereby remise, release and forever discharge the FDIC its employees, officers, directors, and agents and their respective successors and assigns, and any subsidiaries, and any subsidiary officers, directors, employees, consultants, agents and other representatives, (collectively, the "FDIC Released Parties"), of and from all manner of actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, conditions, contracts, controversies, agreements, promises, trespasses, damages, judgments, executions, claims, liabilities, responsibilities and demands whatsoever, at law or in equity, which the Released Contractor Parties (as hereinafter defined) ever had, now have, or may hereafter have, whether known or hereafter discovered, against the FDIC Released Parties, and their successors and assigns, evidenced by, arising out of, in connection with, or in any manner relating to, the SAMDA, including the Disputed Contractor Claims, except that this release shall not release the FDIC Released Parties from any obligation under this
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Related to Release By Contractor

  • Claim by Contractor After receipt of the Notice of Termination from the state, the Contractor shall submit any claim for additional costs not covered herein or elsewhere in the Contract within 60 days of the effective termination date, and not thereafter. Should the Contractor fail to submit a claim within the 60-day period, the State may, at its sole discretion, based on information available to it, determine what, if any, compensation is due the Contractor and pay the Contractor the determined amount.

  • Release by Company In consideration for the general release by Executive, the Company, on behalf of the Company Parties, hereby fully, forever, unconditionally and irrevocably releases and discharges Executive and each of Executive’s affiliates, spouse, successors, executors, administrators, agents, heirs and assigns (together with Executive, the “Executive Parties”) from all claims, demands, causes of action, liabilities, charges, complaints, , actions, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions, damages, executions, obligations, and expenses (including attorneys’ fees and costs), of every kind and nature, in law, equity or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, that any of the Company Parties ever had or now have against any or all of the Executive Parties, however originating or existing, from the beginning of time through the Effective Date, including, but not limited to, any and all claims arising out of or relating to the relationship between Executive and the Company, the services performed by Executive for the Company, Executive’s cessation of services to the Company, or otherwise. Notwithstanding anything in this Agreement to the contrary, the claims released in this Section 9 (the “Company Released Claims”) do not include, and nothing contained herein shall operate to release any of Executive’s promises and obligations under this Agreement (including the Exhibits hereto) or with respect to any fraud or gross negligence of Executive in the performance of his duties. The Company hereby covenants, promises and agrees not to, and agrees to cause each of the other Company Parties not to, bring any action or claim, legal, equitable or otherwise, asserting or relating to any Company Released Claims (i) in any court of any jurisdiction or in any agency or other unit of any governmental authority, local, state, national or foreign, (ii) with any arbitral body, forum or arbitration tribunal, or (iii) in any mediation proceeding, against any of the Executive Parties; provided, however, that the foregoing covenant not to ▇▇▇ shall not apply to or prohibit enforcement of the terms of this Agreement.

  • Release by the Contractor The acceptance by the Contractor of final payment shall release NYSERDA from all claims and liability that the Contractor, its representatives and assigns might otherwise have relating to this Agreement.

  • Termination by Contractor Contractor may, at its option, terminate this Contract upon the failure of MPS to pay any amount, which may become due hereunder for a period of sixty (60) days following submission of appropriate billing and supporting documentation. Upon said termination, Contractor shall be paid the compensation due for all services rendered through the date of termination including any retainage.

  • Performance by Contractor Where Pur- chaser’s employees, agents, contractors, Subcontractors, or their employees or agents perform Purchaser’s Opera- tions in connection with fire responsibilities, Purchaser’s obligations shall be the same as if performance was by Purchaser.