Common use of Release of Releasees Clause in Contracts

Release of Releasees. (1) Upon the Effective Date, subject to subsection 7.2, in consideration of payment of the Electrolytic and Film Settlement Amounts, as applicable, whether or not any individual Electrolytic and/or Film Releasor collects such payment, and for other valuable consideration set forth in this Settlement Agreement, the Electrolytic and Film Releasors forever and absolutely respectively release and forever discharge the Releasees from the Released Electrolytic Claims and the Released Film Claims.

Appears in 5 contracts

Samples: Electrolytic and Film Capacitor Class Actions National Settlement Agreement, Electrolytic and Film Capacitor Class Actions National Settlement Agreement, Electrolytic and Film Capacitor Class Actions National Settlement Agreement

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