Examples of Release Deed in a sentence
Each Scheme Creditor shall enter into the Release Deed as set out in Schedule 1 (Release Deed) on the Effective Time and hereby irrevocably authorises LFSL to sign the Release Deed on their behalf as their agent.
The rights of any such third-party beneficiary are subject to the other terms and conditions of this Release Deed.
Nothing in this Deed shall permit any Scheme Creditor to take any step, including (without limitation) to bring any Proceedings in breach of the Scheme or the Release Deed.
Subject to Clause 10.2.4 ( Modification of the Scheme), LFSL may, at any hearing to sanction the Scheme, consent on behalf of all Scheme Creditors to any modification of the Scheme, the Release Deed, the Third Party Litigation Deed or any terms or conditions which the Court may think fit to approve or impose and which would not directly or indirectly have a materially adverseeffect on the interests of Scheme Creditors (in their capacity as Scheme Creditors) as a whole under.
This Deed is without prejudice to the Scheme and the Release Deed.
This Release Deed shall terminate automatically on the Termination Date.