Seller Fundamental Warranties definition
Examples of Seller Fundamental Warranties in a sentence
The Warranties set out at Part 1 of Schedule 8 (Seller Fundamental Warranties) and Part 1 of Schedule 9 (Integumen Fundamental Warranties) are to be considered the Fundamental Warranties and the provisions relating to Fundamental Warranties shall apply to such warranties.
The representations and warranties of each Party contained in this Agreement shall survive the Closing for a period of eighteen months after the Closing, except that (a) the Tax Warranties and the Employee Warranties shall survive until the Statute of Limitations Date, and (b) the Seller Fundamental Warranties and the Buyer Fundamental Warranties shall survive indefinitely.
Unless and until the amount of Losses in respect of any individual indemnification claim under Section 9.2(a) (other than claims based upon, resulting from, arising out of or relating to Seller Fundamental Warranties) or Section 9.2(c) arising from any particular inaccuracy in or breach of any representation or warranty of Seller in this Agreement exceeds R$125,000 (the “Per Claim Threshold”), such Losses below the Per Claim Threshold shall not be counted toward the Indemnification Threshold.
All Seller Fundamental Warranties shall survive for a period of 10 (ten) years after the Initial Closing Date and the Company Fundamental Representations and the Purchaser Fundamental Representations shall survive for a period of five (5) years after the Initial Closing Date, and the representations and warranties in Section 4.24 shall survive for seven (7) years.
The Seller Fundamental Warranties shall be true and correct in all respects on and as of the date hereof and on and as of the Closing Date as if made on and as of such date.