Common use of Scope of Article VIII Clause in Contracts

Scope of Article VIII. Any claim by any Party relating to a breach by another Party of its obligations under this Article VIII shall be pursued in accordance with the procedures for indemnification claims, and shall otherwise be subject to the terms and conditions, set forth in Article VII. Notwithstanding the foregoing or any other term or condition of Article VII, (i) claims for a breach of an obligation under this Article VIII may be made by a Party at any time prior to the 60th day after the expiration of the statute of limitations applicable to the Tax matter to which the claim relates and (ii) to the extent there is any inconsistency between the terms of Article VII and this Article VIII with respect to the allocation of responsibility between the Sellers and the Buyer for Taxes relating to the Business, the provisions of this Article VIII shall govern.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lionbridge Technologies Inc /De/), Agreement and Plan of Merger (Bowne & Co Inc)

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Scope of Article VIII. Any claim by any Party relating to a breach --------------------- by another Party of its their obligations under this Article VIII shall be pursued in accordance with the procedures for indemnification claims, and shall otherwise be subject to the terms and conditions, set forth in Article VII. Notwithstanding the foregoing or any other term or condition of Article VII, (ia) claims for a breach of an obligation under this Article VIII may be made by a Party at any time prior to the 60th day after the expiration of the statute of limitations applicable to the Tax matter to which the claim relates and (iib) to the extent there is any inconsistency between the terms of Article VII and this Article VIII with respect to the allocation of responsibility between the Sellers and the Buyer for Taxes relating to the BusinessTaxes, the provisions of this Article VIII shall govern.

Appears in 1 contract

Samples: Purchase Agreement (Kadant Inc)

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Scope of Article VIII. Any claim by any Party relating to a breach by another Party of its obligations under this Article VIII shall be pursued in accordance with the procedures for indemnification claims, and shall otherwise be subject to the terms and conditions, set forth in Article VII. Notwithstanding the foregoing or any other term or condition of Article VII, (i) claims for a breach of an obligation under this Article VIII may be made by a Party at any time prior to the 60th 30th day after the expiration of the statute of limitations applicable to the Tax matter to which the claim relates relates, and (ii) to the extent there is any inconsistency between the terms of Article VII and this Article VIII with respect to the allocation of responsibility between Rotmans, the Sellers Stockholders and the Buyer for Taxes relating to the Businessbusiness of Rotmans, the provisions of this Article VIII shall govern.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vystar Corp)

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