Examples of General Survival Date in a sentence
Within five (5) Business Days following the General Survival Date, the Buyer and the Seller shall jointly direct the Escrow Agent to pay to the Seller the Initial Indemnity Release Amount.
Investor will have no liability with respect to any claim for any breach or inaccuracy of any representation or warranty in this Agreement unless Orgenesis Parent notifies Investor of such a claim on or before the General Survival Date.
On the General Survival Date, the Escrow Agent shall automatically distribute to the Stockholders’ Representative in accordance with and subject to the terms of this Agreement and the Escrow Agreement all amounts then remaining in the General Escrow Account that are not otherwise reserved for claims for indemnification as provided in Section 10.11(b).
All covenants and agreements contained in this Agreement that are to be performed in whole prior to the Closing shall survive the Closing Date but shall terminate on the General Survival Date.
Defendants were not given proper notice pursuant to Section 9.05(a) before the General Survival Date; therefore, the indemnification claims are time barred in the Court of Chancery.2. The doctrines of estoppel, waiver, and acquiescence do not apply to Plaintiffs’ claimsFinally, Plaintiffs raise the doctrines of estoppel, waiver, and acquiescence in an attempt to block Defendants’ Motion to Dismiss.