Common use of Limitation as to Time Clause in Contracts

Limitation as to Time. No Indemnifying Party shall be liable for any Indemnified Representation Costs pursuant to this Article 7 unless a written claim for indemnification in accordance with Section 7.3 or 7.4 is given by the Indemnified Party to the Indemnifying Party with respect thereto on or before the eighteen-month anniversary of the Closing Date, except that this time limitation shall not apply to any (i) Claims for fraud pursuant to Section 8.2; (ii) claims for breaches of the representations and warranties contained in Section 4.3 (relating to capital structure), Section 4.6 (relating to ownership of the Shares) and Section 4.13 (relating to Taxes), which representations and warranties shall survive until the expiration of the applicable statute of limitations. Except for Claims for fraud pursuant to Section 8.2, no Indemnifying Party shall be liable for any Indemnified Costs in excess of the Purchase Price.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Collegiate Pacific Inc), Stock Purchase Agreement (Collegiate Pacific Inc), Stock Purchase Agreement (Collegiate Pacific Inc)

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Limitation as to Time. No Indemnifying Party shall be liable for any Indemnified Representation Costs pursuant to this Article 7 9 unless a written claim for indemnification in accordance with Section 7.3 9.3 or 7.4 9.4 is given by the Indemnified Party to the Indemnifying Party with respect thereto on or before the eighteen-month anniversary of the Closing Date, except that this time limitation shall not apply to any (i) Claims for fraud pursuant to Section 8.210.2; (ii) claims for breaches of the representations and warranties contained in Section 4.3 6.1 (relating with respect to capital structureauthority), Section 4.6 6.4 (relating to ownership of the SharesAcquired Assets) and Section 4.13 6.11 (relating to Taxes), which representations and warranties shall survive until the expiration of the applicable statute of limitations. Except for Claims for fraud pursuant to Section 8.210.2, no Indemnifying Party shall be liable for any Indemnified Costs in excess of the Purchase Price.

Appears in 1 contract

Samples: Asset Purchase Agreement (Collegiate Pacific Inc)

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