Examples of Debtor Released Parties in a sentence
In addition to the release described above, Midship acknowledges and agrees that upon the Settlement Effective Date, the Debtor Released Parties shall have no further or other liability, obligation or responsibility of any kind or nature to Midship arising from, related to, or in connection with any of the Midship Released Claims, and such Midship Released Claims will be deemed settled and satisfied in full by the Debtor Released Parties.
Debtor Released Parties means the Debtors and each of their Related Persons excluding members, partners or holders of equity interests.
For the avoidance of doubt, the term Debtor Released Parties shall not include: (A) Sillerman acting in any capacity, (B) Tytel acting in any capacity, and (C) Slater acting in any capacity.
In full and final satisfaction of each and every claim of the Birds against the Debtor Released Parties, the Self-Insured Trust, and/or any Insurance Policy, the Debtors agree to pay $950,000.00 to the Birds within five (5) business days of the entry of this Stipulation (the “ Settlement Amount”).
The payment of the TCG Settlement Payment settles, satisfies and discharges any and all claims of the respective, individual Tort Claimant Group members against the Debtor Released Parties, the Self-Insured Trust, and the Insurance Policies.