Common use of Termination of Securityholders' Obligation Clause in Contracts

Termination of Securityholders' Obligation. Securityholders' obligation to indemnify any Indemnitee, or to contribute to any party indemnifying any Indemnitee, pursuant to this Section 9, shall, except in the event of actual fraud or intentional non-disclosure, expire three (3) years from the Closing Date, except as to those involving tax matters, which obligation shall expire six (6) years from the Closing Date.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Puroflow Inc), Agreement and Plan of Merger (Arguss Holdings Inc)

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Termination of Securityholders' Obligation. Securityholders' Securityholder's obligation to indemnify any Indemnitee, or to contribute to any party indemnifying any Indemnitee, pursuant to this Section 9, shall, except in the event of actual fraud or intentional non-disclosure, expire three (3) years from after the Closing Date, except as to those involving tax matters, which obligation shall expire upon the earlier to occur of six (6) years from the Closing DateDate or the expiration of any applicable statute of limitations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arguss Communications Inc)

Termination of Securityholders' Obligation. Securityholders' obligation to indemnify any Indemnitee, or to contribute to any party indemnifying any Indemnitee, pursuant to this Section Article 9, shall, except in the event of actual fraud or intentional non-disclosure, expire three (3) years from the Closing Date, except as to those involving tax matters, which obligation shall expire six (6) years from the Closing Date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arguss Holdings Inc)

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Termination of Securityholders' Obligation. Securityholders' obligation to indemnify any Indemnitee, or to contribute to any party indemnifying any Indemnitee, pursuant to this Section 98, shall, except in the event of actual fraud or intentional non-disclosure, expire three (3) years from the Closing Date, except as to those involving tax matters, which obligation shall expire six (6) years from the Closing Date.

Appears in 1 contract

Samples: Employment Agreement (Arguss Holdings Inc)

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