DURATION; LIMITATIONS Sample Clauses

DURATION; LIMITATIONS. The indemnification rights of the parties hereto for Losses resulting from a breach of representations and warranties or for breaches of covenants contained in this Agreement or any other Acquisition Document (other than for tax, employee benefit, and environmental matters) is subject to the condition that the Indemnitor shall have received written notice of the Losses for which indemnity is sought within two (2) years after the Closing Date. The Indemnitor shall be obligated to indemnify the Indemnitee only when, and only with respect to amounts by which the aggregate of all Losses actually paid or suffered by the Indemnitee as to which a right of indemnification is provided under this Article 14 exceeds Two Hundred Thousand Dollars ($200,000.00) in the aggregate (the "Deductible Amount"). The indemnification rights of the parties hereto for Losses resulting from a breach of representations and warranties or for breaches of covenants that are related to environmental matters is subject to the condition that the Indemnitor shall have received written notice of the Losses for which indemnity is sought within ten (10) years of the Closing Date. The indemnification rights of the parties hereto for Losses resulting from a breach of representations and warranties or for breaches of covenants that are related to tax or employee benefit matters is subject to the condition that the Indemnitor shall have received written notice of the Losses for which indemnity is sought prior to the expiration of the applicable statute of limitations therefor. The indemnification rights of the parties hereto for Losses resulting from a breach of any representation and warranty with respect to title to any of the Acquired Assets, or with respect to the breach of any agreement or undertaking with respect to payment of the Excluded Liabilities or Assumed Liabilities shall be effective for all purposes hereunder without limitation as to the time within which such notice may be given and without deduction for the Deductible Amount. Indemnitee shall seek indemnification for individual claims related to losses resulting from a breach of representations and warranties or for breaches of covenants only where each such claim is in excess of $4,000.

DURATION; LIMITATIONS. 58 ARTICLE 15

DURATION; LIMITATIONS. The portfolio shall have a maximum average duration of 7 years. Restricted Transactions Transactions in securities on the internal restricted list. Transactions in an asset class not included in the table entitled “Asset Class Limitations” above. Derivatives transactions. Issuer Limitations (applicable at time of purchase) Instrument Type Rating Maximum Holding Per Issuer U.S. Government Instruments N/A No limit U.S. GSEs, Money Market Instruments, Credit Instruments, Municipals and ABS NAIC 1 / A- through AAA or equivalent 3.00% NAIC 2 / BBB- through BBB+ or equivalent 1.50% NAIC 3 / BB- through BB+ or equivalent 0.50% NAIC 4 / B- through B+ or equivalent 0.20% NAIC 5 / CCC through C or equivalent 0.04% For Credit Instruments and Money Market Investments, restrictions shall be applied to the ultimate source of creditworthiness for each issuer or group of affiliated issuers. Notwithstanding the Eligible Investment limitations provided above, Aggregate single issuer exposure for all Enact entities shall be subject to Genworth Financial Single Issuer Risk Limits.