Common use of Limitation on Indemnification Rights Clause in Contracts

Limitation on Indemnification Rights. (1) It is understood and agreed that no claim for recovery of indemnifiable damages may be asserted based on a representation, warranty or applicable portion thereof set forth in this Agreement after it has been extinguished in accordance with Section 6.5 (d) (2) hereof, except as to any matters with respect to which a bona fide written claim shall have been made or an action at law or in equity shall have commenced before such date, in which event survival shall continue (but only with respect to and to the extent of, such claim or action) until the final resolution of such claim or action, including all applicable periods of appeal.

Appears in 2 contracts

Samples: Agreement and Plan (Syndicated Food Service International Inc), Agreement and Plan of Merger (Syndicated Food Service International Inc)

AutoNDA by SimpleDocs

Limitation on Indemnification Rights. (1) i. It is understood and agreed that no claim for recovery of indemnifiable damages may be asserted based on a representation, warranty or applicable portion thereof set forth in this Agreement after it has been extinguished in accordance with Section 6.5 8.1 (d) (2) hereof, except as to any matters with respect to which a bona fide written claim shall have been made or an action at law or in equity shall have commenced before such date, in which event survival shall continue (but only with respect to and to the extent of, such claim or action) until the final resolution of such claim or action, including all applicable periods of appeal.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Iwt Tesoro Corp)

AutoNDA by SimpleDocs

Limitation on Indemnification Rights. (1) It is understood and agreed that no claim for recovery of indemnifiable damages may be asserted based on a representation, warranty or applicable portion thereof set forth in this Agreement after it has been extinguished in accordance with Section 6.5 7.1 (d) (2) hereof, except as to any matters with respect to which a bona fide written claim shall have been made or an action at law or in equity shall have commenced before such date, in which event survival shall continue (but only with respect to and to the extent of, such claim or action) until the final resolution of such claim or action, including all applicable periods of appeal.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Hand Brand Distribution Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.