Common use of Release of Rights and Claims Clause in Contracts

Release of Rights and Claims. Each Borrower, for itself and its successors and assigns, hereby releases, acquits, and forever discharges Bank and its successors and assigns for any and all manner of actions, suits, claims, charges, judgments, levies and executions occurring or arising from the transactions entered into with Bank prior to entering into this Amendment whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect which such Borrower may have against Bank.

Appears in 16 contracts

Samples: Loan and Security Agreement and Waiver (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

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Release of Rights and Claims. Each Borrower, for itself and its successors and assigns, hereby releases, acquits, and forever discharges Bank and its successors and assigns for any and all manner of actions, suits, claims, charges, judgments, levies and executions occurring or arising from the transactions entered into with Bank prior to entering into this Amendment whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect which such Borrower may have against Bank.

Appears in 10 contracts

Samples: Term Loan Agreement (Wsi Industries, Inc.), Revolving Loan Agreement (Wsi Industries, Inc.), Term Loan Agreement (Wsi Industries, Inc.)

Release of Rights and Claims. Each Borrower, for itself and its successors and assigns, hereby releases, acquits, and forever discharges Bank the Lender and its successors and assigns for any and all manner of actions, suits, claims, charges, judgments, levies and executions occurring or arising from the transactions entered into with Bank the Lender prior to entering into this Amendment whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect which such Borrower may have against Bankthe Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement and Waiver (Nortech Systems Inc), Loan and Security Agreement and Waiver (Nortech Systems Inc), Loan and Security Agreement (Nortech Systems Inc)

Release of Rights and Claims. Each Borrower, for itself and its successors and assigns, hereby releases, acquits, and forever discharges Bank Lender and its successors and assigns for any and all manner of actions, suits, claims, charges, judgments, levies and executions occurring or arising from the transactions entered into with Bank Lender prior to entering into this Amendment whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect which such Borrower may have against BankLender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nortech Systems Inc), Loan and Security Agreement (Nortech Systems Inc), Loan and Security Agreement and Consent (Nortech Systems Inc)

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Release of Rights and Claims. Each Borrower, for itself and its successors and assigns, hereby releases, acquits, and forever discharges the Bank and its successors and assigns for any and all manner of actions, suits, claims, charges, judgments, levies and executions occurring or arising from the transactions entered into with the Bank prior to entering into this Amendment whether known or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect which such Borrower may have against the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Intricon Corp)

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