Common use of Limitations on Claims Clause in Contracts

Limitations on Claims. 7.1 The definitions and rules of interpretation in this clause apply in this agreement. Claim: a claim for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 2 contracts

Samples: Share Purchase Agreement (Capital Markets Technologies, Inc.), Share Purchase Agreement (Capital Markets Technologies, Inc.)

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Limitations on Claims. 7.1 9.1 The definitions and rules of interpretation in this clause apply in this agreementAgreement. Claim: a claim for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Utek Corp), Stock Purchase Agreement (Utek Corp)

Limitations on Claims. 7.1 8.1 The definitions and rules of interpretation in this clause apply in this agreement. Claim: a claim for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or and relate to the same subject matter.

Appears in 1 contract

Samples: Share Purchase Agreement (Lenco Mobile Inc.)

Limitations on Claims. 7.1 The definitions and rules of interpretation in this clause apply in this agreement. ClaimCLAIM: a claim for breach of any of the Warranties. Substantiated ClaimSUBSTANTIATED CLAIM: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected CONNECTED with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Share Purchase Agreement (Futuremedia PLC)

Limitations on Claims. 7.1 9.1 The definitions and rules of interpretation in this clause apply in this agreement. Claim: a claim for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Syntroleum Corp)

Limitations on Claims. 7.1 6.1 The definitions and rules of interpretation in this clause 6 apply in this agreement. Claim: a claim for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Share Purchase Agreement (Greenworld Development, Inc.)

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Limitations on Claims. 7.1 6.1 The definitions and rules of interpretation in this clause apply in this agreementAgreement. Claim: a claim by the Buyer for breach of any of the Warranties. Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Capital Markets Technologies, Inc.)

Limitations on Claims. 7.1 6.1 The definitions and rules of interpretation in this clause apply in this agreement. Claim: a claim for breach of any of the Warranties. ; Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Share Purchase Agreement (MTS Medication Technologies, Inc /De/)

Limitations on Claims. 7.1 The definitions and rules of interpretation in this clause 7 apply in this agreement. Claim: a claim for breach of any of the Warranties. ; Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. ; A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

Appears in 1 contract

Samples: Share Purchase Agreement (Four Rivers Bioenergy Inc.)

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