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200005855 <br />commencement of these cases, and whether imposed by agreement, understanding, law, equity <br />or otherwise, arising in any way in connection with any acts, or failures to act, of the IHS <br />Debtors or the IRS Debtors' predecessors or affiliates (collectively, the "Claims "), except for <br />such Interests and Claims as are Permitted Encumbrances as defined in the Settlement <br />Agreement, with all such Interests and Claims released, terminated and discharged as to the <br />Transferred Assets, which Interests and Claims shall attach to the net proceeds, if any, received <br />by the IHS Debtors for the particular Transferred Asset to which such Interests or Claims now <br />attach, with the same priority, validity, force and effect which such Interests or Claims now <br />have as against the Transferred Assets. <br />Except with respect to Permitted Encumbrances, all persons and <br />governmental units holding Interests or Claims against the IHS Debtors arising before the <br />Closing, or out of events occurring before the Closing, of any kind and nature with respect to <br />the Transferred Assets conveyed hereby are barred from asserting such Interests and Claims of <br />any kind and nature against the SNH Entities, their successors or assigns, or the Transferred <br />Assets. <br />7. Payments which are received by the IHS Debtors from Third Party Payors <br />for services rendered by the Transfer Facilities from and after the Closing, shall, in accordance <br />with the Management and Servicing Agreement, be received by the IHS Debtors and delivered <br />by the IHS Debtors to the SNH Entities, and shall not be subject to claims against, or <br />obligations or liabilities of any of the IHS Debtors, but shall be subject to rights of setoff in <br />-11- <br />632699_1, 07/06/00 <br />