Released Persons definition
Examples of Released Persons in a sentence
Warrantholder represents and warrants on Warrantholder’s own behalf and on behalf of the other Releasors to the Released Persons that neither Warrantholder nor any of the other Releasors has assigned or transferred or purported to assign or transfer to any Person all or any portion of, or any interest in any Released Liability or any proceeding or liability that is or that purports to be released or discharged under this Section 5.
The provisions of this Section 6.09(a) are intended to be for the benefit of, and enforceable by the Parent Released Persons and each such Parent Released Person shall be a third-party beneficiary of this Section 6.09(a).
The provisions of this Section 6.09(b) are intended to be for the benefit of, and enforceable by the Parent Released Persons and each such Parent Released Person shall be a third-party beneficiary of this Section 6.09(b).
Section 6.08 shall be enforceable by the D&O Indemnified Parties, Section 6.09 shall be enforceable by the Released Persons and Section 10.19 shall be enforceable by the Non-Recourse Parties.
Each Party hereto acknowledges and agrees that each of the non-Party Released Persons are express third party beneficiaries of the releases of such non-Party Released Persons contained in Sections 3.1, 3.2 and 3.3 and covenants not to sue contained in Section 3.4 of this Agreement and are entitled to enforce rights under such sections to the same extent that such non-Party Released Persons could enforce such rights if they were a party to this Agreement.