Common use of Claims for Indemnity Clause in Contracts

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall be made by the claiming party prior to the expiration of 12 months after the Effective Time by the giving of notice thereof to the other party. Such notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefor.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Gateway Financial Holdings Inc)

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Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 Section 4.1 or 3.2 4.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 18 months after the Effective Time Time, by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such the prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefor.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Rurban Financial Corp), Purchase and Assumption Agreement (First Defiance Financial Corp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 twelve (12) months after the Effective Time Date by the giving of a written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such the prescribed 12 twelve (12) month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 twelve (12) month period shall cease and no indemnity shall be made therefor.

Appears in 2 contracts

Samples: Agreement (Meta Financial Group Inc), Agreement (Meta Financial Group Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 4.1 or 3.2 4.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 months after the Effective Time by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefor.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Republic Bancshares Inc), Purchase and Assumption Agreement (Republic Bancshares Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall be made by the claiming party prior to the expiration of 12 twelve (12) months after the Effective Time by the giving of notice thereof to the other party. Such notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 twelve (12) month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 twelve (12) month period shall cease and no indemnity shall be made therefor.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Ecb Bancorp Inc), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 months after the Effective Time by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefor.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Bancfirst Corp /Ok/), Purchase and Assumption Agreement (Abc Bancorp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall be made by the claiming party prior to the expiration of 12 months after the Effective Time by the giving of notice thereof to the other party. Such notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefortherefore.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall be made by the claiming party prior to the expiration of 12 twelve (12) months after the Effective Time by the giving of notice thereof to the other party. Such notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 twelve (12) month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 twelve (12) month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (BNC Bancorp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 Section 4.1 or 3.2 4.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 24 months after the Effective Time Time, by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such the prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefortherefore.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Second Bancorp Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 24 months after the Effective Time by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 24 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 24 month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Abc Bancorp)

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Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 Section 9.04 or 3.2 9.05 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 24 months after the Effective Time Closing Date, by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such the prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefortherefore.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Nb&t Financial Group Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 Section 4.1 or 3.2 4.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 24 months after the Effective Time Time, by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such within, the prescribed 12 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Camco Financial Corp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 months after the Effective Time Date by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 12-month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 12-month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Union Bankshares Corp)

Claims for Indemnity. (a) A claim for indemnity under Sections 3.1 or 3.2 of this Agreement shall may be made by the claiming party at any time prior to the expiration of 12 24 months after the Effective Time Date by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such the prescribed 12 24 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 24 month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (West Bancorporation Inc)

Claims for Indemnity. (a) A claim for indemnity under Sections Section 3.1 or 3.2 of this Agreement shall may be made by the claiming any party at any time prior to the expiration of 12 24 months after the Effective Time Date by the giving of written notice thereof to the other party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made. In the event that any such claim is made within such prescribed 12 24 month period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such 12 24 month period shall cease and no indemnity shall be made therefor.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Pab Bankshares Inc)

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