Receipt and Release definition

Receipt and Release means a document substantially in the form attached as Schedule 5;
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Receipt and Release shall have the meaning given to that term in Section 4.01. "Release of Liens" shall have the meaning given to that term in Section 2.01(c). "Solvent" means, with respect to any Person at any time, that at such time (a) the sum of the debts and liabilities (including, without limitation, contingent liabilities) of such Person is not greater than all of the assets of such Person at a fair valuation, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person has not incurred, will not incur, does not intend to incur, and does not believe that it will incur, debts or liabilities (including, without limitation, contingent liabilities) beyond such person's ability to pay as such debts and liabilities mature, (d) such Person is not engaged in, and is not about to engage in, a business or a transaction for which such person's property constitutes or would constitute unreasonably small capital, and (e) such Person is not otherwise insolvent as defined in, or otherwise in a condition which could in any circumstances then or subsequently render any transfer, conveyance, obligation or act then made, incurred or performed by it avoidable or fraudulent pursuant to, any Law that may be applicable to such Person pertaining to bankruptcy, insolvency or creditors' rights (including but not limited to the Bankruptcy Code of 1978, as amended, and, to the extent applicable to such Person, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act, or any other applicable Law pertaining to fraudulent conveyances or fraudulent transfers or preferences). "Termination Statements" shall have the meaning given to that term in Section 2.01(e). "Transaction Documents" shall mean this Agreement, the Lease Amendment, the Jet Fuel Agreement, the Debt Discharge and Release, the Release of Liens, the Termination Statements, the Leasehold Mortgage Termination, the Assignment Termination, the Equity Transfer Documents, the Receipt and Release and the New Leasehold Mortgage Agreement. "Warrants" shall have the meaning given to that term in Recital C. ARTICLE II Obligations of Xxxxxx North America
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Receipt and Release means a receipt for payment of benefits hereunder and a release of claims against the Company in the form set forth in Exhibit A. The provisions of Exhibit A are incorporated herein by reference. DD. "Restricted Shares" means Company Shares granted to Executive under the Long-Term Incentive Plan subject to restrictions. EE. "Retirement" or "Retiring" shall be deemed to be the reason for the termination by the Company or Executive of Executive's employment if Executive's employment is terminated in accordance with (i) the Company's
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Examples of Receipt and Release in a sentence

  • National laws or regulations should provide that the parties to the payment of a contractual claim may use the Model Receipt and Release Form set out in Appendix B4-I.

  • Notwithstanding provisions of national law, the parties to the payment of a contractual claim are recommended to use the Model Receipt and Release Form attached as an Appendix to this Annex.

  • The Receipt and Release is then signed by the minor and witnessed by a representative from the financial institution indicating that the minor has received his or her assets from said financial institution.

  • The trial court further found the Motion to Set Aside Receipt and Release and the Exception of No Right/No Cause of Action to be moot.

  • Parties to the payment of the compensation for death or long-term disability must use the Model Receipt and Release Form set out in Annex C.

  • Mr. Watry entered into a Receipt and Release with Allstate (the “Release”) on September 22, 2009, in which he agreed to accept $29,512 in full satisfaction of his claim for coverage against Allstate.

  • On March 26, 2009, Holloway and the Inzarella Firm signed a Receipt and Release Agreement resolving the billing dispute.

  • Parties to the payment of a contractual claim may use the Model Receipt and Release Form set out in the Annex I.

  • On April 2, 2012, Gregory Inzarella, individually, filed a Peremptory Exception of Res Judicata asserting that the Receipt and Release Agreement of March 2009, bars Holloway’s action against him, individually, essentially for the same reasons this court found it barred recovery against the Inzarella Firm.

  • He points to an email from Greg Jacob and to the Receipt and Release, both of which provide evidence that some collateral promise was made to him.


More Definitions of Receipt and Release

Receipt and Release means a receipt for payment of benefits hereunder and a release of claims against the Company in the form set forth in Exhibit A. The provisions of Exhibit A are incorporated herein by reference. DD. "Restricted Shares" means Company Shares granted to Executive under the Long-Term Incentive Plan subject to restrictions. EE. "Retirement" or "Retiring" shall be deemed to be the reason for the termination by the Company or Executive of Executive's employment if Executive's employment is terminated in accordance with (i) the Company's -16- 22 retirement policy (excluding its early retirement policy), which applies to its salaried employees, as in effect immediately prior to the occurrence of the Change of Control of the Company, or (ii) any retirement arrangement which Executive has consented to. FF. "Retirement Plan" means the Comerica Incorporated Retirement Plan or any plan adopted by the Company as a successor to such plan. GG. "Severance Benefit(s)" means the items of severance compensation as provided in Article 4 hereof.
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Related to Receipt and Release

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • General Release has the meaning stated in Section 6.03.

  • Proof of Claim and Release means the Proof of Claim and Release form for submitting a Claim, which, subject to approval of the Court, shall be substantially in the form attached hereto as Exhibit A-2, that a Class Member must complete and submit should that Class Member seek to share in a distribution of the Net Settlement Fund.

  • Earned release means earned release from confinement as

  • Conditional release means a revocable modification of a

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • SHIPPING RELEASE means the document issued by the inspector or the inspection agency nominated by the Purchaser authorising the Contractor to ship the Stores on satisfactory completion of inspection.

  • Mutual Release means a mutual release in the form set forth in Exhibit 9 hereto.

  • Work release means a program of partial confinement

  • Request for Release A release signed by a Servicing Officer, in the form of Exhibit E attached hereto.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Release means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater.

  • New Release means a partial or complete replacement of the executable code of the Software in machine-readable form, which may provide new features or functions. A New Release may incorporate some or no enhancements. A New Release involves only such alterations that change the release number to the immediate right of the decimal point. Changes to the release number are made solely at the discretion of the Licensor.

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Release Request has the meaning set forth in Section 2.1.

  • Notice of Claim has the meaning set forth in Section 9.4(a).

  • Letter of RFP means the letter of invitation being sent by the Procuring Entity to the Consultants.

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Software Release means any subsequent, generally available version of Software provided after initial Delivery of Software, but does not mean a new Product.