Common use of Claims Period Clause in Contracts

Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. The Claims Periods under this Agreement shall begin on the date hereof and terminate on September 30, 2001. Notwithstanding the foregoing, if, prior to the close of business on the last day of the Claims Period, an Indemnifying Party shall have been properly notified of a claim for indemnity hereunder and such claim shall not have been 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 (Phoenix International LTD Inc), Asset Purchase Agreement (London Bridge Software Holdings PLC)

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Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. The Claims Periods under this Agreement Period hereunder shall begin on the date hereof Execution Date and terminate on September 30twelve (12) months after the Phase 1 Closing Date, 2001provided that, the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Dates shall survive for the period provided in such covenants and agreements, if any, or until fully performed. Notwithstanding the foregoing, if, prior to before the close of business on the last day of the applicable Claims Period, an the Indemnifying Party shall have been is properly notified of a claim Claim for indemnity hereunder and such claim shall Claim is not have been finally resolved or disposed of at such date, such claim Claim shall continue to survive and shall remain a basis for indemnity hereunder until such claim 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. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. The Claims Periods under this Agreement shall begin on the date hereof and terminate on September 30, 2001expire at 6:00 PM Pacific time eighteen months following the date hereof. Notwithstanding the foregoing, if, prior to the close of business on the last day expiration of the applicable Claims Period, an Indemnifying Party shall have been properly notified of a claim for indemnity hereunder and such claim shall not have been 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 (Lenco Mobile Inc.)

Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. The Claims Periods under this Agreement shall begin on the date hereof and terminate on September 30, 2001expire at 6:00 PM Pacific time 120 days following Closing. Notwithstanding the foregoing, if, prior to the close of business on the last day expiration of the applicable Claims Period, an Indemnifying Party shall have been properly notified of a claim for indemnity hereunder and such claim shall not have been 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 (Lenco Mobile Inc.)

Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim Claim for indemnification under this Article VIII may be asserted under this Agreement by an a Parent Indemnified Party. The Party during the nine-month period following the Closing Date (the “Claims Periods under this Agreement shall begin on the date hereof and terminate on September 30, 2001Period”). Notwithstanding the foregoing, if, prior to the close of business on the last day of the Claims Period, an Indemnifying Party the Stockholder Representative shall have been properly notified of a claim Claim for indemnity hereunder and such claim Claim shall not have been finally resolved or disposed of at such date, such claim Claim shall continue to survive and shall remain a basis for indemnity hereunder until such claim Claim is finally resolved or disposed of in accordance with the terms hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Advanced Power Technology Inc)

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Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. (a) The Claims Periods under this Agreement Period hereunder shall begin on the date hereof Closing Date and terminate on September 30the date that is eighteen (18) months following the Closing Date. No claim for indemnification can be made after the expiration of the Claims Period; provided, 2001. Notwithstanding the foregoing, if, if prior to the close of business on the last day of the Claims Period, an Indemnifying Party shall have been properly notified of a claim for indemnity hereunder (including a Third Party Claim) and such claim shall not have been 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: Interest Purchase Agreement (Owens & Minor Inc/Va/)

Claims Period. For purposes of this Agreement, a "Claims Period" shall be the period during which a claim for indemnification may be asserted under this Agreement by an Indemnified Party. The Claims Periods under this Agreement shall begin on the date hereof Effective Date and terminate on September 30, 2001the expiration of any applicable statutes of limitation. Notwithstanding the foregoing, if, prior to the close of business on the last day of the applicable Claims Period, an Indemnifying Party shall have been properly notified of a claim for indemnity hereunder and such claim shall not have been 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: Reorganization Agreement (Seaboard Corp /De/)

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