Common use of Survival of Seller’s Representations and Warranties Clause in Contracts

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight (8) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Thousand Dollars ($100,000), in which event the amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionable, and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight (8) month period and any action shall have been commenced by Buyer against Seller within ten (10)

Appears in 1 contract

Samples: Easement Agreement (Agilent Technologies Inc)

AutoNDA by SimpleDocs

Survival of Seller’s Representations and Warranties. The --------------------------------------------------- representations and warranties of Seller set forth in Section 11.2 hereof (5.1 hereof, as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight ninety (8) months90) days. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer prior to Closing, if Buyer elects to consummate the transactions described herein with such knowledge. Seller shall have no liability to Buyer for a breach of any representation or warranty unless (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Ten Thousand Dollars ($100,00010,000.00), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionable, up to the Cap (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight ninety (8) month 90) day period and any an action shall have been commenced by Buyer against Seller within ten ninety (1090)

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (T Reit Inc)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight nine (8) 9) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was actually known to Buyer prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Fifty Thousand Dollars ($100,00050,000.00), in which event the amount of such valid claims in excess of One Hundred Fifty Thousand Dollars ($100,00050,000.00) shall be actionable, up to the Maximum (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight nine (8) 9) month period and any action shall have been commenced by Buyer against Seller within ten eleven (1011)

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (5.1 hereof, as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of one hundred eight (8) months180) days. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer prior to Closing, if Buyer elects to consummate the transactions described herein with such knowledge. Seller shall have no liability to Buyer for a breach of any representation or warranty unless (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Ten Thousand Dollars ($100,00010,000.00), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionableactionable up to the Cap (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight one hundred eighty (8) month 180) day period and any an action shall have been commenced by Buyer against Seller within ten one (101)

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Income Growth Partners LTD X)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 12.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.317.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight twelve (8) 12) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts facts, or other matter matter, which was actually known to Buyer prior to the Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless and until the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Fifty Thousand Dollars ($100,00050,000) (including all claims arising in relation to the King Street Agreement and 625 Agreement), in which event the amount of such valid claims in excess of One Hundred Fifty Thousand Dollars ($100,00050,000) shall be actionable, up to the Maximum (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight twelve (8) 12) month period and any action shall have been commenced by Buyer against Seller within ten fourteen (1014)

Appears in 1 contract

Samples: Option Agreement (Macromedia Inc)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 12.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.317.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight twelve (8) 12) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts facts, or other matter matter, which was actually known to Buyer prior to the Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless and until the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Fifty Thousand Dollars ($100,00050,000) (including all claims arising in relation to the King Street Agreement and the 601 Agreement), in which event the amount of such valid claims in excess of One Hundred Fifty Thousand Dollars ($100,00050,000) shall be actionable, up to the Maximum (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight twelve (8) 12) month period and any action shall have been commenced by Buyer against Seller within ten fourteen (1014)

Appears in 1 contract

Samples: Option Agreement (Macromedia Inc)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight six (8) 6) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Thousand Dollars ($100,000), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionable, up to the Maximum (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight six (8) 6) month period and any action shall have been commenced by Buyer against Seller within ten eight (10)8)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bre Properties Inc /Md/)

AutoNDA by SimpleDocs

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (5.1 as such may have been updated as by the certificate of the Seller to be delivered to Purchaser at Closing in accordance with Section 16.34.2(h) in accordance with hereof and the terms of this Agreementcontained in any Seller Estoppel delivered to Purchaser, shall survive Closing for a period of eight one hundred eighty (8) months180) days. No claim for a breach of any representation or warranty of Seller shall be actionable or payable (a) if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer Purchaser prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty , (ab) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Two Hundred Fifty Thousand Dollars ($100,000250,000), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionable, and (bc) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer Purchaser to Seller prior to the expiration of said one hundred eight (8) month 180) day period (or such other period specifically provided for herein) and any an action shall have been commenced by Buyer Purchaser against Seller within two hundred ten (10)210) days of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ereim Lp Associates)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (5.1 as such may have been updated as by the certificate of the Seller to be delivered to Purchaser at Closing in accordance with Section 16.34.2(g) in accordance with the terms of this Agreementhereof, shall survive Closing for a period of eight (8) monthsone year. No claim for a breach of any representation or warranty of Seller shall be actionable or payable (a) if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer Purchaser prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty , (ab) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Two Hundred Fifty Thousand Dollars ($100,000250,000), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000) shall be actionable, and (bc) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer Purchaser to Seller prior to the expiration of said eight (8) month one year period and any an action shall have been commenced by Buyer Purchaser against Seller within ten eighteen months of Closing. Notwithstanding the foregoing, the limitations set forth in clause (10)b) above shall not apply to a breach of the representation and warranty contained in Section 5.1(j) or to any claim under a Seller Estoppel.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Overseas Partners LTD)

Survival of Seller’s Representations and Warranties. The --------------------------------------------------- representations and warranties of Seller set forth in Section 11.2 hereof (5.1 as such may have been updated as by the certificate of the Seller to be delivered to Purchaser at Closing in accordance with Section 16.34.2(g) in accordance with the terms of this Agreementhereof, shall survive Closing for a period of eight one (8) months1) year. No claim for a breach of any representation or warranty of Seller shall be actionable or payable (a) if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer Purchaser prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty , (ab) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Two Hundred Fifty Thousand Dollars ($100,000250,000), in which event the full amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000subject to the following limitation) shall be actionable, and (bc) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer Purchaser to Seller prior to the expiration of said eight one (8) month 1) year period and any an action shall have been commenced by Buyer Purchaser against Seller within ten eighteen (1018)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Overseas Partners LTD)

Survival of Seller’s Representations and Warranties. The representations and warranties of Seller set forth in Section 11.2 hereof (as such may have been updated as of the Closing in accordance with Section 16.3) in accordance with the terms of this Agreement, shall survive Closing for a period of eight twelve (8) 12) months. No claim for a breach of any representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Buyer prior to Closing. Seller shall have no liability to Buyer for a breach of any representation or warranty (a) unless the valid claims for all such breaches of any representations or warranties collectively aggregate more than One Hundred Thousand Dollars ($100,000100,000.00), in which event the amount of such valid claims in excess of One Hundred Thousand Dollars ($100,000100,000.00) shall be actionable, up to the Maximum (as defined in this Section), and (b) unless written notice containing a description of the specific nature of such breach shall have been given by Buyer to Seller prior to the expiration of said eight twelve (8) 12) month period and any action shall have been commenced by Buyer against Seller within ten fourteen (1014)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arena Pharmaceuticals Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.