Common use of Termination of Indemnification Clause in Contracts

Termination of Indemnification. The obligations to indemnify and hold harmless any party (i) pursuant to Section 7.01(a)(i) or 7.01(b)(i), as the case may be, shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, shall not terminate; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnification.

Appears in 5 contracts

Samples: Transaction Agreement (Vivendi Universal), Transaction Agreement (Usa Networks Inc), Transaction Agreement (Vivendi Universal)

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Termination of Indemnification. The obligations to indemnify and hold harmless any a party hereto, (i) pursuant to Section 7.01(a)(iSections 9(a)(i) or 7.01(b)(iand 9(b)(i), as the case may be, shall terminate when the applicable representation or warranty terminates pursuant to Section 7.0713, (ii) pursuant to Section 7.02Sections 9(a)(ii) and 9(b)(ii), shall terminate when the applicable statute of limitations expires (giving effect to any waivercovenant terminates in accordance with its terms, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, 9(a)(iii) and 9(b)(iii) shall not terminate; provided, however, that as to clause (i) above such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified or the related party hereto shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnificationindemnifying party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Seaboard Corp /De/)

Termination of Indemnification. The obligations to ------------------------------ indemnify and hold harmless any party party, (i) pursuant to Section 7.01(a)(i) or 7.01(b)(i8.01(a)(i), as the case may be8.01(a)(ii) with respect to Section 5.10, or 8.02(i), shall terminate when the applicable representation or warranty (or, in the case of a breach of Section 5.10, the representation or warranty to which such breach relates) terminates pursuant to Section 7.07, 8.06 and (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, 8.01 and 8.02 shall not terminate; provided, however, that such obligations to -------- ------- indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 8.05 to the party to be providing the indemnification.

Appears in 1 contract

Samples: Asset Purchase Agreement (Potlatch Corp)

Termination of Indemnification. The obligations to indemnify and hold harmless any a party hereto (ia) pursuant to Section 7.01(a)(i11.01, shall terminate sixty (60) or 7.01(b)(i), as days after the case may be, applicable statutes of limitations with respect to the Tax liabilities in question expire (giving effect to any extension thereof) and (b) pursuant to Sections 11.03(a)(i) and (ii) and 11.04(a)(i) and (ii) shall terminate when the applicable representation or warranty or covenant terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, shall not terminate11.02; provided, however, that as to clauses (a) and (b) above such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified or the related party thereto shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnificationindemnifying party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Mercury Systems Inc)

Termination of Indemnification. The obligations to indemnify and hold harmless any a party hereto (ia) pursuant to Section 7.01(a)(i11.01, shall terminate sixty (60) or 7.01(b)(i), as days after the case may be, applicable statutes of limitations with respect to the Tax liabilities in question expire (giving effect to any extension thereof) and (b) pursuant to Sections 11.03(a)(i) and (ii) and 11.04(a)(i) and (ii) shall terminate when the applicable representation or warranty or covenant terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, shall not terminate11.02; provided, however, that as to clauses (a) and (b) above such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified or the related party thereto shall have, before the expiration 57 of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnificationindemnifying party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Microsemi Corp)

Termination of Indemnification. The obligations to indemnify and hold harmless any a party (i) hereto pursuant to Section 7.01(a)(iSections 9.2(a)(i) or 7.01(b)(i), as the case may be, and 9.4(a)(i) shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, shall not terminate9.1; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified or the related party thereto shall have, before prior to the expiration of the applicable period, previously made a claim by delivering a written notice of such claim (stating in reasonable detail the basis nature of any such claimclaim for indemnification and the provisions of this Agreement upon which such claim for indemnification is made) to the indemnifying party. The obligation to indemnify and hold harmless a party hereto pursuant to the other clauses of Sections 9.2 and 9.4 and Section 7.06 to the party to be providing the indemnification9.5 shall not terminate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Capmark Finance Inc.)

Termination of Indemnification. The obligations to indemnify and hold harmless any party party, (i) pursuant to Section 7.01(a)(i8.01 (a)(i) or 7.01(b)(i(ii) or 8.02(i) or (ii), as the case may be, shall terminate when the applicable representation or warranty or covenant terminates pursuant to Section 7.078.06, (ii) pursuant to Section 7.028.01(a)(iv), shall terminate when in accordance with the applicable statute terms of limitations expires (giving effect to any waiver, mitigation or extension thereof) that Section and (iii) pursuant to the other clauses of Sections 7.01, 8.01 and 8.02 shall not terminate; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 8.05 to the party to be providing the indemnification; provided further however, that with respect to claims under Section 8.01(a)(iv), the party shall have incurred the Losses in the periods specified in such Section 8.01(a)(iv). SECTION 8.05.

Appears in 1 contract

Samples: Asset Purchase Agreement      asset Purchase Agreement (SCP Pool Corp)

Termination of Indemnification. The obligations to indemnify and hold harmless any party (i) pursuant to Section 7.01(a)(i8.01(a)(i), 8.01(b)(i) or 7.01(b)(i), as the case may be, 8.02(i) shall terminate when the applicable representation or warranty terminates pursuant to Section 7.078.06, (ii) pursuant to Section 7.028.01(a)(ii), 8.01(b)(ii) or 8.02(ii) shall terminate when the applicable statute of limitations expires (giving effect covenant terminates pursuant to any waiver, mitigation or extension thereof) Section 8.06 and (iii) pursuant to the other clauses of Sections 7.01, 8.01 and 8.02 shall not terminate; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person to be indemnified shall have, before the expiration of the applicable period, previously made a claim Claim by delivering a notice of 37 such claim Claim (stating in reasonable detail the basis of such claimClaim) pursuant to Section 7.06 8.05 to the party to be providing the indemnification.

Appears in 1 contract

Samples: Purchase Agreement (Globix Corp)

Termination of Indemnification. The (a)The obligations to indemnify and hold harmless any party an Indemnified Party hereto (i) pursuant to Section 7.01(a)(i6.1(a)(i) or 7.01(b)(i), as the case may be, and Section 6.2(a) shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07, 6.4(b); (ii) pursuant to Section 7.026.1(a)(ii) and Section 6.2(b), shall terminate when the applicable statute of limitations expires (giving effect pursuant to any waiver, mitigation or extension thereof) Section 6.4(b); and (iii) pursuant to the other clauses of Sections 7.01, Section 6.1 and Section 6.2 shall not terminate; provided, however, that as to clauses (i) and (ii) above such obligations obligation to indemnify and hold harmless shall not terminate with respect to any item claims as to which the Person to be indemnified Indemnified Party shall have, before the expiration of the applicable period, previously made a claim by delivering delivered a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnificationIndemnifying Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (MeiraGTx Holdings PLC)

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Termination of Indemnification. The obligations to indemnify and hold harmless any a party hereto (ia) pursuant to Section 7.01(a)(iSections 11.02(a)(i)(A) or 7.01(b)(i), as the case may be, and 11.03(a)(i)(A) shall terminate when the applicable representation or warranty terminates pursuant to Section 7.0711.01, (iib) pursuant to Section 7.02, Sections 11.02(a)(i)(B) and 11.03(a)(i)(B) shall terminate when the applicable statute of limitations expires (giving effect to any waiveron March 31, mitigation or extension thereof) 2001, and (iiic) pursuant to the other clauses of Sections 7.01, 11.02 and 11.03 shall not terminate; provided, however, that such obligations as to clauses (a) and (b), Seller's and Buyer's obligation to indemnify and hold harmless shall not terminate with respect to any item as to which the Person to be indemnified Indemnified Party shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnificationindemnifying party.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Smithkline Beecham PLC)

Termination of Indemnification. The obligations to ------------------------------- indemnify and hold harmless any party party, (x) pursuant to clause (i) pursuant to of Section 7.01(a)(i7.1 and clause (i) or 7.01(b)(i), as the case may beof Section 7.2, shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, shall not terminate8.3; provided, -------- however, that such obligations to indemnify and hold harmless shall not ------- terminate with respect to any item as to which the Person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim pursuant to Section 7.8 (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 to the party to be providing the indemnification, (y) pursuant to the other clauses of Sections 7.1 and 7.2, and pursuant to Sections 7.4 and 7.5 shall not terminate and (z) pursuant to Section 7.3 shall terminate as provided therein.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northrop Grumman Corp)

Termination of Indemnification. The obligations to ------------------------------ indemnify and hold harmless any party party, (i) pursuant to Section 7.01(a)(i6.02(a)(i), Section 6.02(b)(i) or 7.01(b)(i6.03(a)(i), as the case may be, shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07the terms of this Agreement, (ii) pursuant to Section 7.026.02(a)(ii), Section 6.02(b)(ii) or 6.03(a)(ii), shall terminate when two years after the termination of the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) covenant and (iii) pursuant to the other clauses of Sections 7.01, 6.02 and 6.03 shall not terminate; provided, -------- however, that such obligations to indemnify and hold harmless shall not ------- terminate with respect to any item as to which the Person person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 6.06 to the party to be providing the indemnification.

Appears in 1 contract

Samples: Limited Partnership Interest Purchase and Sale Agreement (Lyondell Chemical Co)

Termination of Indemnification. The obligations to indemnify and hold harmless any party party, (i) pursuant to Section 7.01(a)(i) or 7.01(b)(i8.01(a)(i), as the case may be8.01(a)(ii) with respect to Section 5.10, or 8.02(i), shall terminate when the applicable representation or warranty (or, in the case of a breach of Section 5.10, the representation or warranty to which such breach relates) terminates pursuant to Section 7.07, 8.06 and (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) and (iii) pursuant to the other clauses of Sections 7.01, 8.01 and 8.02 shall not terminate; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 8.05 to the party to be providing the indemnification.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sappi LTD)

Termination of Indemnification. The obligations to indemnify and hold harmless any party party, (i) pursuant to Section 7.01(a)(i8.02(a) or 7.01(b)(i8.02(b), as shall terminate upon the case may beexpiration of the statute of limitations applicable to the Taxes that are the subject of such Sections, (ii) pursuant to Section 8.03(a)(i) or Section 8.04(a)(i), shall terminate when the applicable representation or warranty terminates pursuant to Section 7.07, (ii) pursuant to Section 7.02, shall terminate when the applicable statute of limitations expires (giving effect to any waiver, mitigation or extension thereof) 8.01 and (iii) pursuant to the other clauses of Sections 7.01, Section 8.03 and Section 8.04 shall not terminate; provided, however, that such obligations to indemnify and hold harmless shall not terminate with respect to any item as to which the Person person to be indemnified shall have, before the expiration of the applicable period, previously made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) pursuant to Section 7.06 8.08 to the party to be providing the indemnification.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Central Newspapers Inc)

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