Common use of Duration of Indemnity Clause in Contracts

Duration of Indemnity. The duration of Indemnitor's obligations hereunder shall cease upon repayment of the Notes and/or the release of the Deed of Trust; provided, however, that Indemnitor's obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 2 contracts

Samples: Environmental Indemnity (Riviera Holdings Corp), Environmental Indemnity (Riviera Black Hawk Inc)

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Duration of Indemnity. The duration of Indemnitor's Indemnitors' obligations hereunder shall cease upon repayment (i) payment in full in cash of all Obligations and the irrevocable termination of all commitments of the Notes Lender Group to extend credit under the Loan Agreement and/or (ii) the release of the Deed of Trust; provided, however, that Indemnitor's Indemnitors' obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 1 contract

Samples: Environmental Indemnity (Riviera Holdings Corp)

Duration of Indemnity. The duration of Indemnitor's Indemnitors' obligations hereunder shall cease upon repayment of the Notes and/or the release of the Deed of Trust; provided, however, that Indemnitor's Indemnitors' obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 1 contract

Samples: Environmental Indemnity (Riviera Holdings Corp)

Duration of Indemnity. The duration of Indemnitor's obligations hereunder shall cease upon repayment (i) payment in full in cash of all Obligations and the irrevocable termination of all commitments of the Notes Lender Group to extend credit under the Loan Agreement and/or (ii) the release of the Deed of Trust; provided, however, that Indemnitor's obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 1 contract

Samples: Environmental Indemnity (Riviera Holdings Corp)

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Duration of Indemnity. The duration of Indemnitor's Indemnitors' obligations hereunder shall cease upon repayment (i) payment in full in cash of all Credit Party Obligations and the irrevocable termination of all commitments of the Notes Lenders to extend credit under the Credit Agreement and/or (ii) the release of the Deed of Trust; provided, however, that Indemnitor's Indemnitors' obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 1 contract

Samples: Environmental Indemnity (Riviera Holdings Corp)

Duration of Indemnity. The duration of Indemnitor's obligations hereunder shall cease upon repayment (i) payment in full in cash of all Credit Party Obligations and the irrevocable termination of all commitments of the Notes Lenders to extend credit under the Credit Agreement and/or (ii) the release of the Deed of Trust; provided, however, however that Indemnitor's obligations with respect to Sections 5 and 9 shall not cease until the expiration of the statute of limitations period applicable to the subject matter of the underlying claim.

Appears in 1 contract

Samples: Environmental Indemnity (Riviera Holdings Corp)

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