Common use of Survival of Buyer’s Representations and Warranties Clause in Contracts

Survival of Buyer’s Representations and Warranties. The representations and warranties of Buyer set forth in Section 5.4 hereof as updated as of the Closing in accordance with the terms of this Agreement, shall survive Closing for a period of ninety (90) days. Buyer shall have no liability to Seller for a breach of any representation or warranty unless written notice containing a description of the specific nature of such breach shall have been given by Seller to Buyer prior to the expiration of said ninety (90) day period and an action shall have been commenced by Seller against Buyer within ninety (90) days of Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Income Growth Partners LTD X), Purchase and Sale Agreement (T Reit Inc)

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Survival of Buyer’s Representations and Warranties. The representations and warranties of Buyer set forth in Section 5.4 hereof as updated as of the Closing in accordance with the terms of this Agreement, shall survive Closing for a period of ninety one hundred eighty (90180) days. Buyer shall have no liability to Seller for a breach of any representation or warranty unless written notice containing a description of the specific nature of such breach shall have been given by Seller to Buyer prior to the expiration of said ninety one hundred eighty (90180) day period and an action shall have been commenced by Seller against Buyer within ninety one (901) days year of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Income Growth Partners LTD X)

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Survival of Buyer’s Representations and Warranties. The -------------------------------------------------- representations and warranties of Buyer set forth in Section 5.4 hereof as updated as of the Closing in accordance with the terms of this Agreement, shall survive Closing for a period of ninety (90) days. Buyer shall have no liability to Seller for a breach of any representation or warranty unless written notice containing a description of the specific nature of such breach shall have been given by Seller to Buyer prior to the expiration of said ninety (90) day period and an action shall have been commenced by Seller against Buyer within ninety (90) days of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (T Reit Inc)

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