Common use of Limitation Period Clause in Contracts

Limitation Period. (a) Notwithstanding the foregoing, any claim for indemnification under ARTICLE 3.2 hereof must be asserted in writing by the Indemnified Party, stating the nature of the Losses and the basis for indemnification therefor within one year after the Closing.

Limitation Period. (a) Notwithstanding the foregoing, any claim for indemnification under ARTICLE 3.2 hereof must be asserted in writing by the Indemnified Party, stating the nature of the Losses and the basis for indemnification therefor within one year after the Closing.therefor: