Common use of Limitations on Actions Clause in Contracts

Limitations on Actions. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against an Indemnitee or an Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of three (3) years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such three-year period; provided, however, that if any shorter period of limitations is otherwise applicable to such cause of action, such shorter period shall govern.

Limitations on Actions. No To the maximum extent permitted by Law, no legal action shall be brought and no cause of action shall be asserted by or in the right on behalf of the Company Corporation or any affiliate of the Corporation against an Indemnitee or an Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of three (3) two years from the date of accrual of such cause of action, and any claim or cause of action of the Company Corporation or its affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such threetwo-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such shorter period shall govern.

Limitations on Actions. No To the maximum extent permitted by Law, no legal action shall be brought and no cause of action shall be asserted by or in the right on behalf of the Company Corporation or any affiliate of the Corporation against an Indemnitee or an Indemnitee’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of three (3) two years from the date of accrual of such cause of action, and any claim or cause of action of the Company Corporation or its affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such threetwo-year period; period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such shorter period shall govern.