Claims for Indemnity. (a) A claim for indemnity shall be made by the claiming party at any time prior to the one (1) year anniversary of the 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 bona fide claim is made within such period, the indemnity relating to such claim shall survive until such claim is resolved.
Appears in 3 contracts
Samples: Branch Purchase and Assumption Agreement (River Valley Bancorp), Branch Purchase and Assumption Agreement (Greene County Bancshares Inc), Branch Purchase and Assumption Agreement (Greene County Bancshares Inc)
Claims for Indemnity. (a) A Except as otherwise provided in , a claim for indemnity shall under or of this Agreement may be made by the claiming party at any time prior to one year after the one (1) year anniversary of the Closing Date 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 bona fide such claim is made within such the prescribed period, the indemnity relating to such claim shall survive until such claim is resolved. Claims not made within such period shall cease and no indemnity shall be made therefor.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Community National Corp /Oh)
