Common use of Survival of Representations Warranties and Covenants Indemnification Clause in Contracts

Survival of Representations Warranties and Covenants Indemnification. The respective representations, warranties, obligations, covenants, and agreements of the parties shall survive the Closing for a period of one year commencing from the Closing Date. Each party hereto shall indemnify (the "Indemnitor") the other party (the "Indemnitee") for any Liability incurred or any loss suffered by the Indemnitee which was caused by a breach of any representation, warranty or covenant set forth herein by the Indemnitor.