Common use of SURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS; ESCROW PROVISIONS Clause in Contracts

SURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS; ESCROW PROVISIONS. 10.1 Survival of Representations, Warranties, Covenants and Agreements. Notwithstanding any right of Parent, Merger Sub or the Company (whether or not exercised) to investigate the affairs of Parent, Merger Sub or the Company, each party shall have the right to rely fully upon the representations, warranties, covenants and agreements of the other party contained in this Agreement or in any of the Closing Documents; provided, however, that, except in the case of fraud or an intentional or willful breach of a representation, warranty or covenant contained herein or in any of the Closing Documents, no reliance can be made on, or claim made in respect of, any representation, warranty, covenant or agreement specific compliance with which was waived in writing, including the waiver of any related closing condition contained in Article VII. The covenants and agreements of the Company, Parent and Merger Sub contained in this Agreement or any of the Closing Documents that by their terms apply or are to be performed in whole or in part after the Effective Time shall survive the Effective Time. The representations and warranties of Parent and Merger Sub contained in this Agreement or any of the Closing Documents shall not survive the Merger. The representations and warranties of the Company contained in this Agreement or any of the Closing Documents shall survive the Merger and continue until the second anniversary of the Closing Date (the "Expiration Date"); provided, however, notwithstanding anything stated to the contrary either herein or in the Indemnification and Escrow Agreement, the representations and warranties set forth in Section 5.2 of this Agreement shall survive indefinitely after the Closing Date. The indemnification obligation relating to a breach of such representation and warranties are set forth in the Indemnification and Escrow Agreement. Each of the parties hereto agrees that, except for the representations and warranties contained in this Agreement or the Closing Documents, none of Parent, Merger Sub or the Company has made any representations or warranties, and except for the representations and warranties contained in this Agreement or the Closing Documents, each of Parent, Merger Sub and the Company acknowledges that no representations or warranties have been made by, and it has not relied upon any representations or warranties made by, any of the parties hereto or any of their respective officers, directors, employees, agents, financial and legal advisors or other representatives (collectively, "Representatives") with respect to this Agreement and any of the Closing Documents and the transactions contemplated hereby and thereby, notwithstanding the delivery or disclosure to such party or its Representatives of any documentation or other information with respect to any one or more of the foregoing. The inclusion of any entry on Annex A shall not constitute an admission by, or agreement of, the Company that such matter is material to the Company.

SURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS; ESCROW PROVISIONS. 10.1 SECTION 8.1 Survival of Representations, Warranties, Covenants and Agreements. Notwithstanding any right of Parent, Merger Sub or the Company (whether or not exercised) to investigate the affairs of Parent, Merger Sub or the Company, each party shall have the right to rely fully upon the representations, warranties, covenants and agreements of the other party contained in this Agreement or in any instrument required to be delivered pursuant to Article VII of the Closing Documentsthis Agreement; provided, however, that, except in the case of fraud or (i.e., an intentional or willful breach of a representation, warranty warranty, covenant or covenant contained herein agreement, but excluding any negligent or in any of the Closing Documentsreckless breach), no reliance can be made on, or claim made in respect of, any representation, warranty, covenant or agreement specific compliance with which was waived in writing, including the waiver of any related closing condition contained in Article VII. The covenants and agreements of the Company, Parent and Merger Sub contained in this Agreement or in any of the Closing Documents instrument delivered pursuant to this Agreement that by their terms apply or are to be performed in whole or in part after the Effective Time shall survive the Effective Time. The representations and warranties of the Company, Parent and Merger Sub contained in this Agreement or in any of the Closing Documents shall not survive the Merger. The representations and warranties of the Company contained in instrument delivered pursuant to this Agreement or any of the Closing Documents shall survive the Merger and continue until the second filing of Parent's Annual Report on Form 10-K for the fiscal year ending December 31, 1999, except for the representations and warranties set forth in Sections 3.11, 3.13, 3.15, 3.16, 3.18, 3.21, 3.22, 3.23 and 3.26, which shall continue until the first anniversary of the Closing Date (the "Expiration Date"); provided, however, notwithstanding anything stated to the contrary either herein or in the Indemnification and Escrow Agreement, the representations and warranties set forth in Section 5.2 of this Agreement shall survive indefinitely after the Closing Date. The indemnification obligation relating to a breach of such representation and warranties are set forth in the Indemnification and Escrow Agreement. Each of the parties hereto agrees that, except for the representations and warranties contained in this Agreement or the Closing DocumentsAgreement, none of Parent, Merger Sub or the Company has made any representations or warranties, and except for the representations and warranties contained in this Agreement or the Closing DocumentsAgreement, each of Parent, Merger Sub and the Company acknowledges that no representations or warranties have been made by, and it has not relied upon any representations or warranties made by, any of the parties hereto or any of their respective officers, directors, employees, agents, financial and legal advisors or other representatives (collectively, "Representatives") with respect to this Agreement and any of the Closing Documents and the transactions contemplated hereby hereby, and therebythe documents and instruments referred to herein, notwithstanding the delivery or disclosure to such party or its Representatives of any documentation or other information with respect to any one or more of the foregoing. The inclusion of any entry on Annex A the Company Disclosure Schedule shall not constitute an admission by, or agreement of, the Company that such matter is material to the Company.

SURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS; ESCROW PROVISIONS. 10.1 7.1 Survival of Representations, Warranties, Covenants and Agreements. Notwithstanding any right of Parent, Merger Sub or the Company (whether or not exercised) to investigate the affairs of Parent, Merger Sub or the CompanyCompany (whether pursuant to Section 5.3 or otherwise) or a waiver by Parent, Merger Sub or the Company of any condition to Closing set forth in Article 6, each party shall have the right to rely fully upon the representations, warranties, covenants and agreements of the other party contained in this Agreement or in any instrument delivered pursuant to this Agreement. Except for (a) all of the Closing Documents; provided, however, that, except representations and warranties of the Company related to Intellectual Property (which shall survive as set forth in the case of fraud or an intentional or willful breach of a representationfollowing sentence), warranty or (b) the covenant contained herein or in any Section 5.11 (which shall survive for the period set forth therein) and (c) Article 7 (which shall survive until termination of the Closing Documents, no reliance can be made on, or claim made in respect of, any representation, warranty, covenant or agreement specific compliance with which was waived in writing, including escrow created thereby and the waiver satisfaction of any related closing condition contained in Article VII. The other obligations described therein), all of the representations, warranties, covenants and agreements of the Company, Parent and Merger Sub contained in this Agreement or in any of the Closing Documents that by their terms apply or are instrument delivered pursuant to be performed in whole or in part after the Effective Time shall survive the Effective Time. The representations and warranties of Parent and Merger Sub contained in this Agreement or any of the Closing Documents shall not survive the Merger. The representations and warranties of the Company contained in this Agreement or any of the Closing Documents shall survive the Merger and continue until the second eighteen (18) month anniversary of the Closing Date (the "General Expiration Date"); provided, however, notwithstanding anything stated to the contrary either herein or in the Indemnification and Escrow Agreement, the ) The representations and warranties set forth in Section 5.2 of this Agreement the Company related to Intellectual Property shall survive indefinitely after the Closing Date. The indemnification obligation relating to a breach of such representation Merger and warranties are set forth in continue until the Indemnification and Escrow Agreement. Each of the parties hereto agrees that, except for the representations and warranties contained in this Agreement or the Closing Documents, none of Parent, Merger Sub or the Company has made any representations or warranties, and except for the representations and warranties contained in this Agreement or the Closing Documents, each of Parent, Merger Sub and the Company acknowledges that no representations or warranties have been made by, and it has not relied upon any representations or warranties made by, any of the parties hereto or any of their respective officers, directors, employees, agents, financial and legal advisors or other representatives twenty-four (collectively, "Representatives"24) with respect to this Agreement and any month anniversary of the Closing Documents Date (the "IP Expiration Date") Claims by Parent based upon fraud shall survive and the transactions contemplated hereby continue in full force and thereby, notwithstanding the delivery or disclosure to such party or its Representatives of any documentation or other information with respect to any one or more effect until expiration of the foregoing. The inclusion statutes of any entry on Annex A shall not constitute an admission by, or agreement of, the Company that such matter is material limitations applicable to the Companyunderlying claim.

SURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS; ESCROW PROVISIONS. 10.1 Survival of Representations, Warranties, Covenants and Agreements. Notwithstanding any right of Parent, Merger Sub MergerSub, or the Company (whether or not exercised) to investigate the affairs of Parent, Merger Sub MergerSub, or the CompanyCompany or any diligence review or investigation conducted by Parent or its Representatives, each party shall have the right to rely fully upon the representations, warranties, covenants covenants, and agreements of the other party contained in this Agreement or in any of the Closing Documents; provided, however, that, except in the case of fraud or an intentional or willful breach of a representation, warranty or covenant contained herein or in any of the Closing Documents, no reliance can instrument required to be made on, or claim made in respect of, any representation, warranty, covenant or agreement specific compliance with which was waived in writing, including the waiver of any related closing condition contained in delivered pursuant to Article VII. The covenants and agreements of the Company, Parent Parent, and Merger Sub MergerSub contained in this Agreement or in any of the Closing Documents instrument delivered pursuant to this Agreement that by their terms apply or are to be performed in whole or in part after the Effective Time shall survive the Effective Time. The representations and warranties of Parent the Company, Parent, and Merger Sub MergerSub contained in this Agreement or in any of the Closing Documents shall not survive the Merger. The representations and warranties of the Company contained in instrument delivered pursuant to this Agreement or any of the Closing Documents shall survive the Merger and continue until the second first anniversary of the Closing Date (the "Expiration Date"); provided, however, notwithstanding anything stated to the contrary either herein or in the Indemnification and Escrow Agreement, . Except for the representations and warranties set forth contained in Section 5.2 this Agreement, none of this Agreement shall survive indefinitely after Parent, MergerSub, or the Closing Date. The indemnification obligation relating to a breach of such representation and Company has made any representations or warranties are set forth in the Indemnification and Escrow Agreement. Each of the parties hereto agrees thatand, except for the representations and warranties contained in this Agreement or the Closing Documents, none of Parent, Merger Sub or the Company has made any representations or warranties, and except for the representations and warranties contained in this Agreement or the Closing DocumentsAgreement, each of Parent, Merger Sub MergerSub and the Company acknowledges that no representations or warranties have been made by, and it has not relied upon any representations or warranties made by, any of the parties hereto or any of their respective officers, directors, employees, agents, financial and legal advisors or other representatives (collectively, "Representatives") with Representatives in respect to of this Agreement and any of the Closing Documents and the transactions contemplated hereby hereby, and therebythe documents and instruments referred to herein, notwithstanding the delivery or disclosure to such party or its Representatives of any documentation or other information with in respect to of any one or more of the foregoing. The inclusion of any entry on Annex A the Schedules attached hereto shall not constitute an admission by, or agreement of, the Company that such matter is material to the Company.