Common use of Warranty Claim Clause in Contracts

Warranty Claim. Any claim by any Contributor Indemnified Party or any OP Indemnified Party pursuant to Section 8(a) with respect to a claimed breach by the Operating Partnership or the Contributor of a representation or warranty (a "Warranty Claim") shall expire at the OP Claim Termination Date or the Contributor Claim Termination Date, as applicable, unless prior thereto, the party making a claim hereunder has delivered written notice to the other party. If any written notice of claim has been given by any OP Indemnified Party to Contributor prior to the OP Claim Termination Date or by any Contributor Indemnified Party to the Operating Partnership prior to the Contributor Claim Termination Date, then the relevant representations, warranties and indemnities shall survive the OP Claim Termination Date or Contributor Claim Termination Date, as applicable, as to (but only as to) such Warranty Claim, until such Warranty Claim has been finally resolved.

Appears in 3 contracts

Samples: Contribution Agreement, Contribution Agreement (Northstar Realty), Contribution Agreement (Northstar Realty)

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Warranty Claim. Any claim by any Contributor Indemnified Party or any OP Indemnified Party pursuant to Section 8(a) with respect to a claimed breach by the Operating Partnership or the Contributor of a representation or warranty (a "Warranty Claim") shall expire at the OP Claim Termination Date or the Contributor Claim Termination Date, as applicable, unless prior thereto, the party making a claim hereunder has delivered written notice to the other party. If any written writ ten notice of claim has been given by any OP Indemnified Party to Contributor prior to the OP Claim Termination Date or by any Contributor Indemnified Party to the Operating Partnership prior to the Contributor Claim Termination Date, then the relevant representations, warranties and indemnities shall survive the OP Claim Termination Date or Contributor Claim Termination Date, as applicable, as to (but only as to) such Warranty Claim, until such Warranty Claim has been finally resolved.

Appears in 1 contract

Samples: Contribution Agreement (Northstar Realty)

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