Release by Obligor Sample Clauses

Release by Obligor. The Obligor hereby releases and discharges the Lender and any receiver from all claims of any kind, whether sounding in damages or not, that may arise or be caused to the Obligor or any person claiming through or under the Obligor as a result of any act or omission of the Lender or any receiver except that the Lender or receiver may be responsible or liable for loss or damage arising from its wilful misconduct or gross negligence.
AutoNDA by SimpleDocs
Release by Obligor. The Obligor hereby releases and discharges the Credit Union and any receiver from all claims of any kind, whether sounding in damages or not, that may arise or be caused to the Obligor or any person claiming through or under the Obligor as a result of any act or omission of the Credit Union or any receiver except that the Credit Union or receiver may be responsible or liable for loss or damage arising from its wilful misconduct or gross negligence.
Release by Obligor. The Obligor hereby releases and discharges the Secured Parties and any receiver from all claims of any kind, whether sounding in damages or not, that may arise or be caused to the Obligor or any person claiming through or under the Obligor as a result of any act or omission of the Secured Parties or any receiver except that a Secured Party or receiver may be responsible or liable for loss or damage arising from its wilful misconduct or gross negligence.
Release by Obligor. By execution of this Note, Obligor -------------------- acknowledges and agrees that it does not have any offsets, defenses or claims of any kind or nature against Qwest, or any of its officers, agents, directors of employees whether asserted or unasserted, known or unknown, arising out of or otherwise related to this Note or the subject matter of this Note. However, to the extent that it may have or does have any such offsets, defenses of claims, the Obligor for itself hereby releases and discharges and shall cause each of its respective successors and assigns, parents, subsidiaries, affiliates, and predecessors ( and, in their capacity as such, their respective present and former employees, attorneys, and agents) (collectively "Obligor Parties") as applicable, to forever release and --------------- discharge, Qwest, its successors and assigns, subsidiaries, affiliates, (and in their capacity as such, their respective present and former officers, directors, employees, agents, attorneys) and both present and former (collectively, the "Qwest Parties") of and from any and all manner of action and actions, cause and ------------- causes of actions, suits, debts, controversies, damages, judgments, executions, claims and demands of any kind or nature, asserted or unasserted, known or unknown in law or in equity which against Qwest Obligor and/or any Obligor Party, both present and former, ever had or now has, upon or by reason of any manner, cause, causes or thing whatsoever including without limitation, any presently existing claim of defense whatsoever including without limitation, any presently existing claim or defense whether or not presently suspected, contemplated or anticipated, arising out of or otherwise related to this Note.

Related to Release by Obligor

  • Release of Guarantor A Guarantor shall be released from all of its obligations under its Guarantee if:

  • Limitation of Guarantor's Liability Each Guarantor and by its acceptance of Notes, each Holder, confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and Guarantors hereby irrevocably agree that the obligations of such Guarantor under its Note Guarantee shall be limited to the maximum amount that will not, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note Guarantee, result in the obligations of such Guarantor under its Note Guarantee constituting a fraudulent transfer or conveyance.

Time is Money Join Law Insider Premium to draft better contracts faster.