Applicable Limitation Period definition

Applicable Limitation Period shall have the meaning set forth in Section 6.2 hereof.
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Applicable Limitation Period means two (2) years, ending on the second anniversary of the Closing Date, except that the “Applicable Limitation Period” for claims for indemnification arising from a material breach of the representations and warranties contained in Section 2.12, to the limited extent related to the Seller’s filing of federal income tax returns and payment of federal income taxes for periods ending on or before the Closing, shall mean the statutory limitations period applicable to the filing of tax returns and payment of income taxes under the Code. If the Buyer Indemnified Party asserting any such claim for Indemnifiable Costs timely makes such a claim, then, subject to the Deductible and the provisions of Section 10.2(b)(ii) and (iii) and any other applicable conditions to recovery, the expiration of the Applicable Limitations Period shall not, by itself, prevent such Buyer Indemnified Party from recovering the full amount of such Indemnifiable Costs.
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Applicable Limitation Period. Section 10.2(b)(iii) “Authorizations” Section 2.6(a) “Business” Recitals
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Examples of Applicable Limitation Period in a sentence

  • Applicable Limitation Period Governing Plaintiff’s Claims The relevant statute of limitations for wrongful death is found in Section 5-4.1 of the New York Estates, Powers and Trusts Law, which provides, inter alia, that a wrongful death action must be commenced by a personal representative of decedent within two years of the date of decedent's death.

  • Except as provided hereafter, the ----------------- "Applicable Limitation Period" within which any claim for indemnification may be brought by Buyer under Section 10.1 shall be the one (1) year, ending on the first anniversary date of the Closing Date.

  • The day the bidder first becomes aware (or should have become aware) of the breach of procurement rules Applicable Limitation Period Before 1 October 2011three months, but if there is good reason for doing so, the court can extend this.

  • To be effective, any claim for indemnification by any Indemnified Party must be made by a written notice (a "Notice of Claim") to the Seller, given in accordance with the provisions of Section 10.2 hereof, accompanied by documentation supporting the claim, by no later than the expiration of the Applicable Limitation Period set forth above in this Section 10.2(e).

  • No claim for indemnification of Indemnifiable Costs may be asserted against Seller unless a Buyer Indemnified Party gives written notice (a “Notice of Claim”) of the claim to Seller, which notice shall specify in reasonable detail the basis for such claim and shall be accompanied by documentation supporting the claim, by no later than the expiration of the Applicable Limitation Period.


More Definitions of Applicable Limitation Period

Applicable Limitation Period means two (2) years, ending on the second anniversary of the Closing Date, except that the "Applicable Limitation Period" for claims for indemnification arising from a material breach of the representations and warranties contained in Section 2.12, to the limited extent related to the Sellers' filing of federal income tax returns and payment of federal income taxes for periods ending on or before the Closing, shall mean the statutory limitations period applicable to the filing of tax returns and payment of income taxes under the Code. If the Buyer Indemnified Party asserting any such claim for Indemnifiable Costs timely makes such a claim, then, subject to the Deductible and the provisions of Section 9.2(b)(ii) and (iii) and any other applicable conditions to recovery, neither the expiration of the Applicable Limitations Period nor the expiration of such one-year period shall, by itself, prevent such Buyer Indemnified Party from recovering the full amount of such Indemnifiable Costs.
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Related to Applicable Limitation Period

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Limitation Date means the first of March 20, June 20, September 20 or December 20 in any year to occur on or immediately following the date that is one of the following numbers of years after the Restructuring Date: 2.5 years (the "2.5-year Limitation Date"), 5 years, 7.5 years, 10 years (the "10- year Limitation Date"), 12.5 years, 15 years, or 20 years, as applicable. Limitation Dates shall not be subject to adjustment in accordance with any Business Day Convention.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Nomination Period means a period of time that Customer includes in a nomination for gas service.

  • Non-Call Period has the meaning set forth under the definition of “Specific Redemption Provisions.”

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Allocation Period means (a) the period commencing on February 10, 2016 and ending on December 31, 2016, (b) any subsequent period commencing on January 1 and ending on the following December 31, or (c) any portion of the period described in clause (a) or (b) for which the Partnership is required to allocate Net Profits, Net Losses, and other items of Partnership income, gain, loss or deduction pursuant to ARTICLE IV.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are "subject to the Deduction Limitation" under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code Section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited and debited with additional amounts in accordance with Section 3.13 below, even if such amount is being paid out in installments. The amounts so deferred and amounts credited (net of amounts debited) thereon shall be distributed to the Participant or his or her Beneficiary (in the event of the Participant's death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Section 162(m), or if earlier, the effective date of a Change in Control. Notwithstanding anything to the contrary in this Plan, the Deduction Limitation shall not apply to any distributions made after a Change in Control.

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Two-year claim limitation means no benefit is payable for any claim submitted two years or more from the date of admission or service provision.

  • Put Period shall have the meaning set forth in Section 5(a) hereof.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Election Period shall have the meaning set forth in Section 14.3(a).

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Notification Period has the meaning given to such term in Clause 3.10(b) or 3.10(c) of the Gold Bullion Terms, as the case may be.