Survival Period definition
Examples of Survival Period in a sentence
In the event that notice of any claim for indemnification describing in reasonable detail the basis of such claim and the facts then known with respect thereto has been given pursuant to this Agreement within the applicable Survival Period, the indemnification claim (and the right to pursue such claim), solely with respect to such timely made claim, shall survive with respect to such claim until such time as such claim is fully resolved and satisfied.
In the event that notice of any claim for indemnification has been given pursuant to this Agreement within the applicable Survival Period, the representations and warranties that are the subject of such indemnification claim (and the right to pursue such claim), solely with respect to such timely made indemnification claim, shall survive with respect to such claim until such time as such claim is fully resolved and satisfied.
This Assignment is made subject to all of the terms, covenants, conditions, representations, warranties and indemnities set forth in the Purchase Agreement, including, without limitation, the applicable Survival Period thereunder.
For the avoidance of doubt, ▇▇▇▇▇▇’s indemnification obligations with respect to Retained Liabilities shall remain subject in all respects to the Threshold, the applicable Cap and the applicable Survival Period set forth in this Agreement.
Each of the Fundamental Rep Survival Period, the Tax Rep Survival Period, the Intermediate Rep Survival Period and the Property Rep Survival Period, as applicable, is referred to herein as the “Survival Period”.