AC Release definition
AC Release means a release or releases duly executed by the AC Authorities and effective upon and as of the Closing Date, in form and substance reasonably acceptable to Seller, fully and irrevocably acquitting, releasing and discharging Seller and its Affiliates and its and their Representatives for, from and against any Liability arising out of or resulting from the Project or the AC Agreements, including any obligation that might be owed to the AC Authorities to complete the Project or to provide funds for the Project or other improvements in connection with the Project.
Examples of AC Release in a sentence
The AC Authorities shall have delivered the AC Release to Seller, and the AC Release shall not have been amended, modified or waived and shall be in full force and effect and a legal, valid and binding obligation of the parties thereto.