Common use of Release of Bank Clause in Contracts

Release of Bank. The Company acknowledges that as of the date of this Amendment it has no defense, setoff or counterclaim with respect to amounts owed by the Company to the Bank. The Company releases the Bank from any and all claims which may have arisen, known or unknown, in connection with the Agreement on or prior to the date hereof.

Release of Bank. The Company acknowledges that as of the date of this Amendment it has no defense, setoff or counterclaim with respect to amounts owed by the Obligations of the Company to the Bank. The Company releases the Bank from any and all claims which may have arisenTHE COMPANY RELEASES THE BANK FROM ANY AND ALL CLAIMS WHICH MAY HAVE ARISEN, known or unknownKNOWN OR UNKNOWN, in connection with the Agreement on or prior to the date hereofIN CONNECTION WITH THE EXISTING AGREEMENT ON OR PRIOR TO THE DATE HEREOF.