Common use of Limitations Act Clause in Contracts

Limitations Act. The 2 year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 c. L-12, as amended (the “Act”), for any claim (as defined in the Act) arising in connection with this Agreement is extended to: a) for claims disclosed by an audit, 2 years after the time this Agreement permitted that audit to be performed; or b) for all other claims, 4 years.

Appears in 3 contracts

Sources: Farmout Agreement (TAMM Oil & Gas Corp.), Farmout and Overriding Royalty Agreement, Farmout and Overriding Royalty Agreement (TAMM Oil & Gas Corp.)

Limitations Act. The 2 two year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 1996 c. L-12L-15.1, as amended (the “Act”)amended, for any claim (as defined in the that Act) arising in connection with this Agreement is extended to: a) for claims disclosed by an audit, 2 two years after the time this Agreement permitted that audit to be performed; or b) for all other claims, 4 four years.

Appears in 2 contracts

Sources: Overriding Royalty Agreement (Deep Well Oil & Gas Inc), Seismic Option, Farmout and Net Carried Interest Agreement (Universal Energy Corp.)

Limitations Act. The 2 two year period for seeking a remedial order under section 3(1)(a) Section 3 of the Limitations Act, S.A. R.S.A. 2000 c. L-12c.L 12, as amended (the “Act”)amended, for any claim (as defined in the that Act) arising in connection with this Agreement is extended to: a) for claims disclosed by an audit, 2 two (2) years after the time this Agreement permitted that audit to be performed; or b) for all other claims, 4 four (4) years.

Appears in 2 contracts

Sources: Overriding Royalty Agreement, Overriding Royalty Agreement (Triangle Petroleum Corp)

Limitations Act. The 2 two-year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. R.S.A. 2000 c. c.L-12, as amended (the “Act”), for any claim (as defined in the Act) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 two (2) years after expiry of the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 four (4) years.

Appears in 2 contracts

Sources: Cross Conveyed Vertical Pooling Agreement, Non Cross Conveyed Vertical Pooling Agreement

Limitations Act. The 2 two-year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 c. L-12, as amended Act (the “Act”), Alberta) for any claim (as defined in the Acttherein) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 two (2) years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 four (4) years.

Appears in 1 contract

Sources: Loan Agreement

Limitations Act. The 2 two-year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 c. C. L-12, as amended (the “Act”)amended, for any claim (( as defined in the Actthat Act ) arising in connection with this Agreement and any of the Schedules attached hereto is extended toextended: (a) for claims disclosed by an audit, 2 two (2) years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 four (4) years.

Appears in 1 contract

Sources: Participation Agreement (Farrier Resources Corp)

Limitations Act. 17.1 The 2 2-year period for seeking a remedial order under section 3(1)(a) Section 3 of the Limitations Act, S.A. 2000 c. L-12Act (Alberta), as amended (the “Act”)amended, for any claim (as defined in the Actthat legislation) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 years after the time this Agreement permitted that audit to be performed; or or (b) for all other claims, 4 years.

Appears in 1 contract

Sources: Farmout Agreement (Deep Well Oil & Gas Inc)

Limitations Act. The 2 two-year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 c. C. L-12, as amended (the “Act”)amended, for any claim (( as defined in the Actthat Act ) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 two (2) years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 four (4) years.

Appears in 1 contract

Sources: Equalization and Joint Operating Agreement (Nexgen Petroleum Corp.)

Limitations Act. The 2 two-year period for seeking a remedial order under section 3(1)(a3(1 )(a) of the Limitations Act, S.A. 2000 1996 c. L-12L-15.1, as amended (the “Act”)amended, for any claim (as defined in the that Act) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 two years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 four years.

Appears in 1 contract

Sources: Participation Agreement (Nation Energy Inc)

Limitations Act. The 2 year period for seeking a remedial order under section 3(1)(a) of the Limitations Act, S.A. 2000 c. L-12, as amended (the “Act”), for any claim (as defined in the Act) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 years.

Appears in 1 contract

Sources: Farmout Agreement (Micron Enviro Systems Inc)

Limitations Act. 17.1 The 2 2-year period for seeking a remedial order under section 3(1)(a) Section 3 of the Limitations Act, S.A. 2000 c. L-12Act (Alberta), as amended (the “Act”)amended, for any claim (as defined in the Actthat legislation) arising in connection with this Agreement is extended to: (a) for claims disclosed by an audit, 2 years after the time this Agreement permitted that audit to be performed; or (b) for all other claims, 4 years.

Appears in 1 contract

Sources: Farmout Agreement (Surge Global Energy, Inc.)