Common use of Limitations Period Clause in Contracts

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two 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.

Appears in 5 contracts

Samples: Agreement (Texas Biotechnology Corp /De/), Indemnification Agreement (Lasermedics Inc), 8 Agreement (Midcoast Energy Resources Inc)

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Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 5 contracts

Samples: Indemnification Agreement (Accupoll Holding Corp), Indemnification Agreement (Accupoll Holding Corp), Indemnification Agreement (Accupoll Holding Corp)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two 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. Section 14.

Appears in 4 contracts

Samples: 6 Agreement (Midcoast Energy Resources Inc), 4 Agreement (Midcoast Energy Resources Inc), 7 Agreement (Midcoast Energy Resources Inc)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's spousespouses, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 3 contracts

Samples: Indemnification Agreement (Versatility Inc), Indemnification Agreement (Versatility Inc), Indemnification Agreement (Versatility Inc)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 3 contracts

Samples: Indemnity Agreement (Allied Waste Industries Inc), Indemnity Agreement (Allied Waste Industries Inc), Indemnity Agreement (Allied Waste Industries Inc)

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

Appears in 3 contracts

Samples: Indemnification Agreement (WCI Communities, Inc.), Indemnification Agreement (Wci Communities Inc), Corporation Indemnification Agreement (Northwest Airlines Corp)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's ’s spouse, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 2 contracts

Samples: Indemnification Agreement (Regen Biologics Inc), Indemnification Agreement (Universal Biosensors Inc)

Limitations Period. No legal action shall be brought and no cause of ------------------ action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 1 contract

Samples: Indemnification Agreement (Netplex Group Inc)

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Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company or any affiliate of the Company against Indemnitee, Indemnitee's ’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 1 contract

Samples: Indemnity Agreement (Allied Waste Industries Inc)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed demand released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 1 contract

Samples: Indemnification Agreement (Trusted Information Systems Inc)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company Corporation or any affiliate of the Company Corporation against Indemnitee, Indemnitee's ' s spouse, heirs, executors or personal or legal representatives after the expiration of 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 affiliate affiliates shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two two-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.

Appears in 1 contract

Samples: Indemnification Agreement (Accupoll Holding Corp)

Limitations Period. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two year period; providedPROVIDED, howeverHOWEVER, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern.

Appears in 1 contract

Samples: Agreement (Midcoast Energy Resources Inc)

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