Release of the Releasees Sample Clauses
The 'Release of the Releasees' clause serves to discharge certain parties (the 'Releasees') from any legal claims or liabilities related to a specific matter or agreement. In practice, this clause typically applies to individuals or entities such as companies, employees, or affiliates, and prevents the party granting the release from pursuing lawsuits or demands against them for past, present, or future issues covered by the agreement. Its core function is to provide legal protection to the Releasees by ensuring they are not held responsible for specified claims, thereby reducing the risk of future disputes or litigation.
Release of the Releasees.
(1) Upon the Effective Date, and in consideration of payment of the Settlement Benefits and for other valuable consideration set forth in this Settlement Agreement, the Releasors forever and absolutely release, relinquish and forever discharge the Releasees from the Released Claims that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have, or hereafter can, shall, or may have, excepting the obligations created by this Settlement Agreement and the Existing Compensation Obligation.
(2) The Plaintiffs and the Class acknowledge that they may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true regarding the subject matter of the Settlement Agreement, and it is their intention to release fully, finally and forever all Released Claims and, in furtherance of such intention, this release shall be and remain in effect notwithstanding the discovery or existence of new or different facts.
(3) Except as provided herein, this Settlement Agreement does not settle, compromise, release or limit in any way whatsoever any claim by the Class against any person other than the Releasees.
Release of the Releasees. (1) Upon the Effective Date, and in consideration of payment of the Settlement Benefits and for other valuable consideration set forth in this Settlement Agreement, the Releasors forever and absolutely release, relinquish and forever discharge the Releasees from the Released Claims that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have, or hereafter can, shall, or may have, excepting the obligations created by this Settlement Agreement.
(2) The Plaintiffs and the Class Members acknowledge that they may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true regarding the subject matter of the Settlement Agreement, and it is their intention to release fully, finally and forever all Released Claims and, in furtherance of such intention, this release shall be and remain in effect notwithstanding the discovery or existence of new or different facts.
(3) Except as provided herein, this Settlement Agreement does not settle, compromise, release, or limit in any way whatsoever any claim by Class Members against any person other than the Releasees.
Release of the Releasees. (1) On the Effective Date, and in consideration of the Maximum Settlement Commitment and for other valuable consideration set forth in this Settlement Agreement, the Releasors forever and absolutely release, relinquish, and discharge the Releasees from the Released Claims.
(2) The Parties acknowledge that the Plaintiff and Settlement Class Members may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true regarding the subject matter of the Settlement Agreement, and it is their intention to release fully, finally, and forever all Released Claims and, in furtherance of such intention, this release shall be and remain in effect notwithstanding the discovery or existence of new or different facts.
(3) Except as provided herein, this Settlement Agreement does not settle, compromise, release or limit in any way whatsoever any claim by the Settlement Class against any person other than the Releasees.
(4) The effect of the Release in this Article is subject to the Parties’ rights of termination set out in this Settlement Agreement.
Release of the Releasees. (1) Upon the Effective Date, and in consideration of payment of the Settlement Funds and for other valuable consideration set forth in this Settlement Agreement, the Releasors forever and absolutely release, relinquish, waive and forever discharge the Releasees from the Released Claims that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have or hereafter can, shall, or may have, excepting the obligations created by this Settlement Agreement.
(2) The Releasors acknowledge that they may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true with respect to the Action and the subject matter of this Settlement Agreement, and that it is their intention to release fully, finally and forever all Released Claims and, in furtherance of such intention, this release and, subject to the provisions herein, this Settlement Agreement shall be and remain in effect notwithstanding the discovery or existence of new or different facts.
(3) Except as provided herein and, in particular, Section 9.2, this Settlement Agreement does not settle, compromise, release or limit in any way whatsoever any claim by the Class against any person other than the Releasees or any claims that are not Released Claims.
Release of the Releasees. (1) Upon the Effective Date, and in consideration of payment of the Trust Funds and for other valuable consideration set forth in this Settlement Agreement, the sufficiency of which is acknowledged by the Plaintiffs and Class Counsel, the Releasors forever and absolutely release, relinquish and forever discharge the Releasees from the Released Claims in relation to the subject matter of this Action, that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have, or hereafter can, shall, or may have, excepting the obligations created by this Settlement Agreement. The Releasors’ release of the Released Claims shall be effective regardless of whether any Releasor receives any distribution of the Net Settlement Funds.
(2) The Plaintiffs, the Class Members, and Class Counsel acknowledge that they may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true regarding the subject matter of the Settlement Agreement, and it is the intention of the Plaintiffs and the Class Members, on their own behalf and on behalf of the Releasors, to release fully, finally and forever all Released Claims and, in furtherance of such intention, this release shall be and remain in effect notwithstanding the discovery or existence of new or different facts pertaining to the subject matter of this Action, provided that, this section will provide no defence if the Plaintiffs prove that the Defendant obtained the Settlement by fraud.
Release of the Releasees.
1) Upon the Effective Date, and in consideration of payment of the Settlement Amount and for other valuable consideration set forth in this Settlement Agreement, the Releasors forever and absolutely release, relinquish and forever discharge the Releasees from the Released Claims that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have, or hereafter can, shall, or may have.
2) The Plaintiff, the Settlement Class and the Defendant acknowledge that they may hereafter discover facts in addition to, or different from, those facts which they know or believe to be true regarding the subject matter of the Settlement Agreement, and it is their intention to release fully, finally and forever all Released Claims and, in furtherance of such intention, this release shall be and remain in effect notwithstanding the discovery or existence of new or different facts.
3) Except as provided herein, this Settlement Agreement does not settle, compromise, release or limit in any way whatsoever any claim by the Settlement Class or the Defendant against any person other than the Releasees.