Limitation Periods for Representations and Warranties. Notwithstanding the provisions of the Limitation Act (British Columbia) (the “Limitation Act”) or any other statute, an Indemnified Party may commence a proceeding in respect of Damages arising from any incorrectness in or breach of any representation and warranty of the Indemnifying Party as referred to in a Claim Notice delivered within the time periods stipulated in Section 6.5 at any time on or before the later of: (a) the second anniversary of the last date upon which such Claim Notice is permitted to be delivered under Section 6.5; and (b) the expiry of the limitation period otherwise applicable to such claim, and any applicable limitation period is hereby extended to the full extent permitted by law.
Appears in 1 contract
Samples: Share Purchase Agreement
Limitation Periods for Representations and Warranties. Notwithstanding the provisions of the Limitation Act Limitations Act, 2002 (British ColumbiaOntario) (the “Limitation Limitations Act”) or any other statute, an Indemnified Party may commence a proceeding in respect of Damages arising from any incorrectness in or breach of any representation and warranty of the Indemnifying Party as referred to in a Claim Notice delivered within the time periods stipulated in Section 6.5 at any time on or before the later of:
(a) the second anniversary of the last date upon which such Claim Notice is permitted to be delivered under Section 6.5; and
(b) the expiry of the limitation period otherwise applicable to such claim, and any applicable limitation period is hereby extended to the full extent permitted by law.
Appears in 1 contract
Limitation Periods for Representations and Warranties. Notwithstanding the provisions of the Limitation Act Limitations Act, 2002 (British Columbia) (the “Limitation Act”Ontario) or any other statute, an Indemnified Party may commence a proceeding in respect of Damages arising from any incorrectness in or breach of any representation and warranty of the Indemnifying Party as referred to in a Claim Notice delivered within the time periods stipulated in Section 6.5 4.5 at any time on or before the later of:
(a) the second anniversary of the last date upon which such Claim Notice is permitted was delivered pursuant to be delivered under Section 6.54.5; and
(b) the expiry of the limitation period otherwise applicable to such claim, and any applicable limitation period is hereby so extended to the full extent permitted by lawLaw.
Appears in 1 contract
Samples: Share Purchase Agreement (Intrawest Resorts Holdings, Inc.)
Limitation Periods for Representations and Warranties. Notwithstanding the provisions of the Limitation Act Limitations Act, 2002 (British ColumbiaOntario) (the “Limitation Limitations Act”) or any other statute, an Indemnified Party may commence a proceeding in respect of Damages arising from any incorrectness in or breach of any representation and warranty of the Indemnifying Party as referred to in a Claim Notice delivered within the time periods stipulated in Section 6.5 7.5 at any time on or before the later of:
(a) the second anniversary of the last date upon which such Claim Notice is permitted to be delivered under Section 6.57.5; and
(b) the expiry of the limitation period otherwise applicable to such claim, and any applicable limitation period is hereby so extended to the full extent permitted by law.
Appears in 1 contract
Samples: Share Purchase Agreement