Common use of Limitations Regarding Indemnification Clause in Contracts

Limitations Regarding Indemnification. (a) The indemnification obligations set forth in Section 2.1(a) shall survive until the third anniversary of the Closing Date, the indemnification obligations set forth in Sections 2.1(c) and (d) shall survive until the first anniversary of the Closing Date and the indemnification obligations set forth in Section 2.1(b) shall survive until 60 days after the expiration of any applicable statute of limitations; provided, however, that any such indemnification obligation shall remain in full force and effect thereafter only with respect to any bona fide claim made thereunder prior to any such expiration and then only for such period as may be necessary for the resolution thereof.

Appears in 4 contracts

Samples: Omnibus Agreement, Omnibus Agreement (New Source Energy Partners L.P.), Omnibus Agreement (New Source Energy Partners L.P.)

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Limitations Regarding Indemnification. (a) The indemnification obligations set forth in Section 2.1(a) shall survive until the third anniversary of the Closing Date, the indemnification obligations set forth in Sections 2.1(cthree and one-half (3½) and (d) shall survive until the first year anniversary of the Closing Date and the indemnification obligations set forth in Section 2.1(b) and (c) shall survive until 60 days after the expiration of any applicable statute of limitations; provided, however, that any such indemnification obligation shall remain in full force and effect thereafter only with respect to any bona fide claim made thereunder prior to any such expiration and then only for such period as may be necessary for the resolution thereof.

Appears in 3 contracts

Samples: Omnibus Agreement (Lehigh Gas Partners LP), Omnibus Agreement (Lehigh Gas Partners LP), Omnibus Agreement (Lehigh Gas Partners LP)

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Limitations Regarding Indemnification. (a) The indemnification obligations set forth in Section Sections 2.1(a) and (e) shall survive until the third anniversary of the Closing Date, the indemnification obligations set forth in Sections 2.1(c) and (d) shall survive until the first anniversary of the Closing Date and the indemnification obligations set forth in Section 2.1(b) shall survive until 60 days after the expiration of any applicable statute of limitations; provided, however, that any such indemnification obligation shall remain in full force and effect thereafter only with respect to any bona fide claim made thereunder prior to any such expiration and then only for such period as may be necessary for the resolution thereof.

Appears in 1 contract

Samples: Omnibus Agreement (Memorial Production Partners LP)

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