Common use of Survival of Obligation to Indemnify Clause in Contracts

Survival of Obligation to Indemnify. The obligation of each party hereto to indemnify the other party hereto shall survive the Closing and the payment of the consideration therefore for a period of one year from the Closing Date, and shall continue thereafter with respect to: (a) matters which the party seeking indemnity hereunder shall have given the other party written notice of as provided herein prior to one year from the Closing Date; and (b) any claims, actions, suits, investigations or proceedings based on fraud or willful misconduct, willful misrepresentation or willful breach of warranty.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Guidon John), Merger Agreement (Texas E Solutions Inc), Agreement and Plan of Merger (Texas E Solutions Inc)

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