Survival; Limitations. (a) The parties hereto agree that (i) the covenants and agreements contained in Article 5 and in Article 6 hereto shall survive the Closing without limitation (unless expressly limited by their terms), and (ii) all other covenants, agreements, representations and warranties contained herein shall survive until the first anniversary following the Closing Date. (b) Seller's obligation to indemnify the Seller Indemnified Persons for Damages pursuant to Section 5.1 hereof is subject to the following limitation: in no event shall Seller's obligation to indemnify the Seller Indemnified Persons exceed ten percent (10%) of the Purchase Price.
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Samples: Asset Purchase Agreement (Outdoor Systems Inc), Asset Purchase Agreement (Outdoor Systems Inc)
Survival; Limitations. (a) The parties hereto agree that (i) the covenants and agreements contained in Article 5 Sections 10.1 and 10.2 and in Article 6 11 hereto shall survive the Closing without limitation (unless expressly limited by their terms), and (ii) all other covenants, agreements, representations and warranties contained herein shall survive until the first anniversary following the Closing Date.
(b) Seller's obligation to indemnify the Seller Indemnified Persons for Damages pursuant to Section 5.1 10.1 hereof is subject to the following limitation: in no event shall Seller's obligation to indemnify the Seller Indemnified Persons exceed ten percent Three Million Dollars (10%) of the Purchase Price$3,000,000).
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