Common use of Limitation as to Time Clause in Contracts

Limitation as to Time. The Indemnifying Party shall not be liable for any Indemnified Costs pursuant to this Article VIII unless a written claim for indemnification in accordance with Section 8.2 or Section 8.3 is given by the Indemnified Party to the Indemnifying Party with respect thereto on or before 5:00 p.m., Dallas, Texas time, on the anniversary of the Closing Date; provided that the Indemnifying Party shall be liable for Indemnified Costs with respect to claims for indemnification for breach of the representations and warranties contained in Sections 4.1 (Organization), 4.2 (Authorization), 4.5 (Title), 5.1 (Organization) and 5.2 (Authorization), if a written claim for indemnification in accordance with Section 8.2 or Section 8.3 is given by the Indemnified Party to the Indemnifying Party at any time prior to the expiration of the applicable statute of limitations.

Appears in 4 contracts

Samples: Transfer Agreement (Holly Energy Partners Lp), Transfer Agreement (Holly Energy Partners Lp), Transfer Agreement (HollyFrontier Corp)

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Limitation as to Time. The Indemnifying Party shall not be liable for any Indemnified Costs pursuant to this Article VIII X unless a written claim for indemnification in accordance with Section 8.2 10.2 or Section 8.3 10.3 is given by the Indemnified Party to the Indemnifying Party with respect thereto on or before 5:00 p.m., Dallas, Texas time, on the anniversary of the Closing Date; provided that the Indemnifying Party shall be liable for Indemnified Costs with respect to claims for indemnification for breach of the representations and warranties contained in Sections 4.1 (Organization), 4.2 (Authorization), 4.5 4.6 (TitleTitle to LLC Interests; Capitalization), 4.9 (Taxes), 4.17 (Waivers and Disclaimers), 5.1 (Organization) and ), 5.2 (Authorization), 6.1 (Organization), 6.2 (Authorization), 7.1 (Organization), 7.2 (Authorization) and 7.6 (Validity of Aggregate Units) if a written claim for indemnification in accordance with Section 8.2 10.2 or Section 8.3 10.3 is given by the Indemnified Party to the Indemnifying Party at any time prior to the expiration of the applicable statute of limitations.

Appears in 2 contracts

Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp), LLC Interest Purchase Agreement (HollyFrontier Corp)

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