Common use of Matters Known Prior to Closing Clause in Contracts

Matters Known Prior to Closing. Notwithstanding anything to the contrary contained in this Agreement, if the Closing occurs, (i) no claim for indemnification may be asserted under Section 7.2.1 with respect to any matter discovered by or known to Buyer on or before the Closing Date, and (ii) no claim for indemnification may be asserted under Section 7.2.2 with respect to any matter discovered by or known to Sellers on or before the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Verizon South Inc), Asset Purchase Agreement (Centurytel Inc)

AutoNDA by SimpleDocs

Matters Known Prior to Closing. Notwithstanding anything to the contrary contained in this Agreement, if the Closing occurs, (i) no claim for indemnification may be asserted under Section 7.2.1 with respect to any matter discovered by or known to Buyer on or before the Closing Date, and (ii) no claim for indemnification may be asserted under Section 7.2.2 with respect to any matter discovered by or known to Sellers Seller on or before the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Verizon South Inc), Asset Purchase Agreement (Centurytel Inc)

AutoNDA by SimpleDocs

Matters Known Prior to Closing. Notwithstanding anything to the contrary contained in this Agreement, if the Closing occurs, (ia) no claim for indemnification may be asserted under Section 7.2.1 6.1 with respect to any matter discovered by or known to Buyer or its representatives, advisors or agents on or before the Closing Date, and (iib) no claim for indemnification may be asserted under Section 7.2.2 6.2 with respect to any matter discovered by or known to Sellers Seller or its representatives, advisors or agents on or before the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Infocrossing Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!