Common use of Survival of Representations and Warranties of the Purchaser Clause in Contracts

Survival of Representations and Warranties of the Purchaser. The representations and warranties set forth in subsections 3.02(a), (b), and (c) shall survive Closing and shall continue in effect without limitation. All other representations and warranties made by the Purchaser hereunder shall survive the closing of the purchase transaction hereunder and shall continue in effect for a period of twenty four (24) months from Closing; after which time, if no notice of claim shall, prior to the expiry of the aforesaid period, have been made hereunder against the Purchaser with respect to any incorrectness in or breach of any representation or warranty made by the Purchaser, the Purchaser shall have no further liability hereunder with respect to such representation or warranty.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Lorus Therapeutics Inc), Asset Purchase Agreement (Lorus Therapeutics Inc)

AutoNDA by SimpleDocs

Survival of Representations and Warranties of the Purchaser. The representations and warranties set forth in subsections 3.02(a3.02 (a), (b), and (c) shall survive Closing and shall continue in effect without limitation. All other representations and warranties made by the Purchaser hereunder shall survive the closing of the purchase transaction hereunder and shall continue in effect for a period of twenty four (24) months from Closing; after which time, if no notice of claim shall, prior to the expiry of the aforesaid period, have been made hereunder against the Purchaser with respect to any incorrectness in or breach of any representation or warranty made by the Purchaser, the Purchaser shall have no further liability hereunder with respect to such representation or warranty.

Appears in 2 contracts

Samples: Share Purchase Agreement (Lorus Therapeutics Inc), Share Purchase Agreement (Lorus Therapeutics Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.