Common use of SURVIVAL AND BENEFIT Clause in Contracts

SURVIVAL AND BENEFIT. All agreements, obligations and indemnities of the parties shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Except as otherwise expressly set forth herein, all representations, warranties and indemnities shall survive Closing for a period of one (1) year.

SURVIVAL AND BENEFIT. All agreements, obligations and indemnities of the parties shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Except as otherwise expressly set forth herein, all representations, warranties and indemnities shall survive Closing for a period of one (1) year; provided that any claims for indemnification made pursuant to any closing document (e.g., the Assignment of Licenses and Permits and Warranties) shall be governed by such document and not limited by the foregoing survival period.