Southern Release Clause Samples

Southern Release. Except as provided in Section 1.1(c), effective as of the Separation Date, Southern does hereby, for itself and as agent for each member of the Southern Group, remise, release and forever discharge the Southern Energy Indemnitees from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract or agreement, by operation of law or otherwise, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed on or before the Separation Date, including any such acts, events or conditions on or before the Separation Date in connection with the transactions and all other activities to implement any of the Separation, the IPO and the Distribution.