Common use of Claims Period Clause in Contracts

Claims Period. The period during which a Claim for indemnification may be asserted under this ARTICLE XII by an Indemnified Party (the “Claims Period”) shall begin on the date hereof and terminate twenty-four (24) months after the Closing Date (except as otherwise set forth in this Section 12.5); provided, that the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, before the close of business on the last day of the applicable Claims Period, the Indemnifying Party is properly notified of a Claim for indemnity hereunder and such Claim is not finally resolved or disposed of at such date, such Claim shall continue to survive and shall remain a basis for indemnity hereunder until such Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Lucas Energy, Inc.), Asset Purchase Agreement

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Claims Period. The period during which a Claim for indemnification may be asserted under this ARTICLE XII by an Indemnified Party (the “Claims Period”) Period hereunder shall begin on the date hereof Initial Execution Date and terminate twenty-four twelve (2412) months after the Closing Date (except as otherwise set forth in this Section 12.5); providedDate, that provided that, the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date Dates shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, before the close of business on the last day of the applicable Claims Period, the Indemnifying Party is properly notified of a Claim for indemnity hereunder and such Claim is not finally resolved or disposed of at such date, such Claim shall continue to survive and shall remain a basis for indemnity hereunder until such Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Golden Matrix Group, Inc.)

Claims Period. The period during which a Claim Claims Period hereunder for indemnification may be asserted under this ARTICLE XII by an Indemnified Party (the “Claims Period”) shall begin on the date hereof and terminate twenty-four (24) months after the Closing Date (except as otherwise set forth in this Section 12.5); providedDate, that provided that, the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, before the close of business on the last day of the applicable Claims Period, the Indemnifying Party is properly notified of a Claim for indemnity hereunder and such Claim is not finally resolved or disposed of at such date, such Claim shall continue to survive and shall remain a basis for indemnity hereunder until such Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Holdings Corp.)

Claims Period. The period during which a Claim Claims Period hereunder for indemnification may be asserted under this ARTICLE XII by an Indemnified Party (the “Claims Period”) shall begin on the date hereof and terminate twentythirty-four six (2436) months after the Closing Date (except as otherwise set forth in this Section 12.5); providedDate, that provided that, the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, before the close of business on the last day of the applicable Claims Period, the Indemnifying Party is properly notified of a Claim for indemnity hereunder and such Claim is not finally resolved or disposed of at such date, such Claim shall continue to survive and shall remain a basis for indemnity hereunder until such Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Golden Matrix Group, Inc.)

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Claims Period. The period during which a Claim for indemnification may be asserted under this ARTICLE XII X by an Indemnified Party (the “Claims Period”) shall begin on the date hereof and terminate twenty-four nine (249) months after the Closing Date (except as otherwise set forth in this Section 12.510.5); provided, that the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, before the close of business on the last day of the applicable Claims Period, the Indemnifying Party is properly notified of a Claim for indemnity hereunder and such Claim is not finally resolved or disposed of at such date, such Claim shall continue to survive and shall remain a basis for indemnity hereunder until such Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Camber Energy, Inc.)

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