Common use of Survival of Claims Clause in Contracts

Survival of Claims. (a) All of the respective representations, warranties and obligations of the parties to this Agreement shall survive consummation of the transactions contemplated by this Agreement for eighteen months from the Closing Date and shall thereafter expire and be of no force and effect; provided, however, that the representations and warranties in Sections 1.6, 3.1, 3.2, 3.15, 3.17, 4.1 and 4.2 shall survive four years from the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mace Security International Inc), Asset Purchase Agreement (Mace Security International Inc)

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Survival of Claims. (a) All of the respective representations, warranties and obligations of the parties to this Agreement shall survive consummation of the transactions contemplated by this Agreement for eighteen months from the Closing Date and shall thereafter expire and be of no force and effect; provided, however, that the representations and warranties in Sections 1.6, 3.1, 3.2, 3.15, 3.17, 4.1 and 4.2 shall survive four years until one (1) year from the Closing Date. Upon the expiration of such one-year period all such representations, warranties and obligations shall be of no further force or effect and no claim may be made thereafter or with respect thereto, forever, except with respect to any obligation which is specifically identified in this Agreement (or the exhibits and schedules hereto) as having a longer term.

Appears in 1 contract

Samples: Merger Agreement (Mace Security International Inc)

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Survival of Claims. (a) All of the respective representations, representations and warranties and obligations of the parties to this Agreement shall survive consummation of the transactions contemplated by this Agreement for eighteen months from the Closing Date and shall thereafter expire and be of no force and effect; provided, however, that the representations and warranties in Sections 1.63.1 (Organization), 3.13.2 (Authorization), 3.2the first sentence of Section 3.4 (Title to Assets), 3.15, 3.173.15 (Taxes), 4.1 (Organization) and 4.2 (Authority) shall survive four years from until the Closing Dateexpiration of the applicable statute of limitations.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mace Security International Inc)

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