Common use of Time period for claim Clause in Contracts

Time period for claim. Except as otherwise prohibited or limited by Applicable Laws, any failure, neglect or delay of a Party to assert any breach or violation of any legal or equitable right arising from or in connection with this Agreement shall constitute a waiver of such right and shall preclude the exercise or enforcement of any legal or equitable remedy arising from such breach or violation, unless written notice specifying such breach or violation is provided to the other Party within 24 months after the later of: (a) the date of such breach or violation; or (b) the date of discovery of the facts (or the date the facts could have been discovered, using reasonable diligence) giving rise to such breach or violation. Such written notice shall not toll any applicable statute of limitations.

Appears in 1 contract

Samples: Opening Services Agreement (Good Times Restaurants Inc)

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Time period for claim. Except as otherwise prohibited or limited by Applicable Lawslegal requirements, any failure, neglect or delay of a Party party to assert any breach or violation of any legal or equitable right arising from or in connection with this Agreement shall constitute constitutes a waiver of such right and shall preclude precludes the exercise or enforcement of any legal or equitable remedy arising from such breach or violation, unless written notice specifying such breach or violation is provided to the other Party party within 24 twenty-four (24) months after the later of: (ai) the date of such breach or violation; or and (bii) the date of discovery of the facts (or the date the facts could have been discovered, using commercially reasonable diligence) giving rise to such breach or violation. Such written notice shall not toll any applicable statute of limitations.. Section 16.18

Appears in 1 contract

Samples: Management Agreement

Time period for claim. Except as otherwise prohibited or limited by Applicable Laws, any failure, neglect or delay of a Party to assert any breach or violation of any legal or equitable right arising from or in connection with this Agreement shall constitute a waiver of such right and shall preclude the exercise or enforcement of any legal or equitable remedy arising from such breach or violation, unless written notice specifying such breach or violation is provided to the other Party within 24 twenty-four (24) months after the later of: (a) the date of such breach or violation; or (b) the date of discovery of the facts (or the date the facts could have been discovered, using commercially reasonable diligence) giving rise to such breach or violation. Such written notice shall not toll any applicable statute of limitations.

Appears in 1 contract

Samples: Food and Beverage Management Agreement (NRI Real Token Inc.)

Time period for claim. Except as otherwise prohibited or limited by Applicable LawsLaw, any failure, neglect or delay of a Party to assert any breach or violation of any legal or equitable right arising from or in connection with this Agreement shall constitute a waiver of such right and shall preclude the exercise or enforcement of any legal or equitable remedy arising from such breach or violation, unless written notice specifying such breach or violation is provided to the other Party within 24 twenty-four (24) months after the later of: (a) the date of such breach or violation; or (b) the date of discovery of the facts (or the date the facts could have been discovered, using commercially reasonable diligence) giving rise to such breach or violation. Such written notice shall not toll any applicable statute of limitations.

Appears in 1 contract

Samples: Resort Management Agreement (Pinnacle Entertainment Inc.)

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Time period for claim. Except as otherwise prohibited or limited by Applicable Lawslegal requirements, any failure, neglect or delay of a Party party to assert any breach or violation of any legal or equitable right arising from or in connection with this Agreement shall constitute constitutes a waiver of such right and shall preclude precludes the exercise or enforcement of any legal or equitable remedy arising from such breach or violation, unless written notice specifying such breach or violation is provided to the other Party party within 24 twenty-four (24) months after the later of: (ai) the date of such breach or violation; or and (bii) the date of discovery of the facts (or the date the facts could have been discovered, using commercially reasonable diligence) giving rise to such breach or violation. Such written notice shall not toll any applicable statute of limitations.

Appears in 1 contract

Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.)

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