Examples of Outside Claim Date in a sentence
Any claim by Seller or Purchaser with respect to any breach of the Seller’s Representations or the Purchaser’s Representations, respectively, shall be effective and valid only if made after Closing in writing (specifying in reasonable detail the nature of the claim and the factual and legal basis for any such claim, and the provisions of this Agreement upon which such claim is made) against the other party on or prior to the Outside Claim Date.
On or prior to the Outside Claim Date, Seller shall reimburse Buyer from the Holdback Escrow Fund for the cost of the Environmental Insurance obtained by Buyer (the “Seller Reimbursement Obligation”).
If Purchaser and Seller cannot mutually agree upon the settlement of any Noticed Claim, Purchaser shall be deemed to have waived its right to pursue such Noticed Claim (and any right to collect from Seller with respect to such Noticed Claim), unless Purchaser brings a court action with respect to such Noticed Claim on or prior to the date that is ninety (90) days after the Outside Claim Date.
Except as otherwise set forth in this Agreement, all of the representations and warranties of Buyer and the Sellers shall survive the Closing for a period of nine (9) months after the Closing Date (the "Outside Claim Date").
If Purchaser and Seller cannot mutually agree upon the settlement of any such Noticed Claim, Purchaser shall be deemed to have waived such Noticed Claim (and any right to collect from Seller or Seller Guarantor with respect to such claim), unless Purchaser brings a court action with respect to such Noticed Claim on or prior to the date that is three (3) months after the Outside Claim Date.
It is understood, however, that none of the provisions contained in this Agreement shall survive the Closing, except to the extent expressly provided in this Agreement to the contrary; provided, however, the Outside Claim Date shall not apply to or otherwise limit any Seller Unlimited Liability Matter or Buyer Unlimited Liability Matter or any claims with respect to a Tax Indemnity.
Any claim by Seller or Purchaser with respect to any breach of the Seller’s Representations or the Purchaser’s Representations, respectively, shall be effective and valid only if made after Closing in a written notice (specifying in reasonable detail the nature of the claim and the factual and legal basis for any such claim, and the provisions of this Agreement upon which such claim is made) delivered to the other party on or prior to the Outside Claim Date.
All of the Seller’s Representations and Purchaser’s Representations shall survive Closing until the Outside Claim Date, it being agreed that none of the covenants or agreements contained in this Agreement shall survive the Closing except as otherwise expressly provided herein.
Purchaser shall be required to notify Seller prior to the Outside Claim Date of any claim against Seller for a breach of or inaccuracy in any of the Seller’s Representations pursuant to Section 9.2 by the delivery of a written notice (each such notice, a “Notice of Claim” and each such claim identified therein a “Noticed Claim”) setting forth: the dollar amount of the Purchaser Indemnifiable Damages relating to the Noticed Claim (or a reasonable estimate of the amount of such Noticed Claim).
It is further agreed that if Buyer timely (and in accordance with the terms hereof) files a claim for a breach by Seller of its representations and warranties hereunder prior to the Outside Claim Date, the Seller shall be obligated to provide the assurance referenced in clause (A), (B) or (C) above in this Section 8.2.2, as applicable, until such claim is fully settled.