Limitation of Time. No disciplinary action shall be taken for any cause which arose prior to the unit member's becoming permanent, nor for any cause which arose more than two
Limitation of Time. No action, regardless of form, which arises from or is related in any way whatsoever to this XXXX may be commended more that eighteen (18) months after such cause of action accrues, except that an action for nonpayment may be brought at any time within the governing statute of limitations.
Limitation of Time. Any claim for which indemnity is sought hereunder shall be brought within two years from the date that such claim matures, but in no vent later than sixty (60) days following the expiration of the representations and warranties. The date of maturity of the claim shall be the later of (i) the date upon which the claimant becomes aware of the claim, (ii) the date upon which the claimant should have become aware of the claim in the exercise of reasonable diligence, or (iii) the date upon which the last element necessary for the assertion of the claim takes place.
Limitation of Time. Any claim, demand or right of action whatsoever, arising directly or indirectly out of this Agreement or in connection with the performance by a party of its obligations hereunder, shall be forever waived, released and discharged unless written notice thereof shall be furnished to the party against whom the claim is made within a period of twelve (12) months from the time the factual circumstances giving rise to such claim, demand or right of action first arose.
Limitation of Time. No action, regardless of form, which arises from or is related in any way whatsoever to this Agreement, may be commenced by Licensee more than twelve (12) months after such cause of action accrues, except that an action for nonpayment may be brought at any time within the governing statute of limitations.
Limitation of Time. The General Partner shall not be required to devote all of its time or business efforts to the affairs of the Partnership, but shall devote so much of its time and attention to the Partnership as is reasonably necessary and advisable to manage the affairs of the Partnership to the best advantage of the Partnership.
Limitation of Time. The counterfeit proceedings provided for in this chapter shall be limited to five years with effect from the date of the alleged acts.
Limitation of Time. All claims for damages against ADM shall lapse no later than one year after the Goods and/or Services have been delivered to the Purchaser; in the event of liability in tort, from the date of knowledge or grossly negligent lack thereof with regard to the circumstances supporting the claim and the identity of the person liable for damages. Any shorter
Limitation of Time. All claims of the CLIENT addressed to AKM expired 2 months after the rendering of services completed.
Limitation of Time. An agreement where an attempt is made by the parties to restrict the time within which an action may be brought so as to make it shorter than that prescribed by the law of limitation is void. According to the Limitation Act, 1963, for example, an action for breach of contract may be brought within 3 years from the date of breach. If a clause in an agreement provides that an action should be brought after two years, the clause is void. In Xxxxxxxx x. Manufactures Life Insurance, 14 Bom LR 741, a clause is providing that “No suit shall be brought against the company in connection with the said policy later than one year after the time when the cause of action accrues was held valid, the court saying that the effect of the agreement was not to limit the time but to provide for the surrender of rights if no action was brought within that time. This view is affirmed by the Supreme Court in Vulcan Insurance Co. x. Xxxxxxx Xxxxx (1976) where the court observed that it has been repeatedly held that such a clause is not hit by Section 28 and is valid. This was further affirmed in National Insurance Co. x. Xxxxx Xxxxxx Xxxxx & Co. (1997). The amendment of this section in 1997 has brought about this change that all clause which reduced the normal period of limitation would be void to that extent. Thus the artificial distinction between a clause cutting short the period of limitation and a clause providing for extinction of rights after a specified period has been eliminated.
