payment for the materials, labor and/or services provided to the Owner's property and in consideration thereof, release and discharge Owner, Contractor and Subcontractor of all claims, debts, demands, lien claims and lien rights for the above described materials. Labor and/or services provided to the Owner’s property.
Subcontractor agrees to indemnify, defend and save harmless Owner, Contractor and Subcontractor, from all liens, claims, court actions, losses, penalties or damages or whatever kind by reason of any debts and obligations incurred or alleged to have been incurred by Subcontractor, its Suppliers, agents and/or employees in connection with the work.
This Lien Release shall inure to the benefit of Owner, Contractor and their Successors and Assigns.