Examples of Survival Period Termination Date in a sentence
Claims for breaches of covenants and agreements that contemplate performance prior to the Closing may be made at any time prior to the Survival Period Termination Date.
Except as provided in Section 9.01 with respect to covenants to be performed after the Closing, the Buyer shall not be liable for any claim for indemnification under Section 9.02(b) unless written notice specifying in reasonable detail the nature of the claim for indemnification is delivered by the Person seeking indemnification to the Buyer prior to the Survival Period Termination Date.
On the Survival Period Termination Date, Seller and Buyer shall deliver joint written instructions to the Escrow Agent to release funds to Seller in an amount equal to the excess, if any, of (i) the Escrow Amount at such time, (ii) minus $10,000,000, (iii) minus the aggregate amount claimed by Buyer Indemnitees pursuant to claims made and not fully resolved prior to such date.
After the Survival Period Termination Date, a Buyer Indemnitee shall only be entitled to make a claim pursuant to this Section 7.5 in respect of UK Tax Losses or, as set forth in Section 7.1, for breaches of the representation and warranty made in Section 2.4(b).
No claim for indemnification hereunder for breach of any such covenants (that were required to be performed prior to the Closing), representations and warranties may be made after the expiration of such survival period, provided that any claim that is made prior to the Survival Period Termination Date shall be deemed timely made even if such claim continues beyond the Survival Period Termination Date.
Notwithstanding the foregoing, if on or prior to the applicable Survival Period Termination Date, a Valid Claim Notice has been delivered, the claim alleged in the Valid Claim Notice shall survive until such claim for indemnification is resolved.
Without limiting the generality of the foregoing, it is the specific intention of the parties that the Survival Period Termination Date constitutes a limitation of and modification of the statute of limitations time period otherwise applicable to any claims arising under this Agreement.
Purchaser shall pay over to the Representative any Tax refunds and credits described in this Section 10.01(g) or, to the extent identified prior to the Survival Period Termination Date, 40% times the amount of any Transaction Tax Deduction not taken into account in determining the Transaction Tax Benefit or Pre-Closing Income Tax Amount within five (5) days after actual receipt of such refund or application of such credit against Taxes.
The representations and warranties and the covenants and agreements contained in this Agreement shall survive the Closing solely for the purposes of this Article 8, Section 10.01(l) and Section 12.16 and shall terminate on September 30, 2013 (the “Survival Period Termination Date”), other than those covenants or agreements set forth in this Agreement which require performance after the Survival Period Termination Date, which shall survive until fully performed.
Such funds as are necessary to address a claim made prior to the Survival Period Termination Date shall remain in the Indemnity Escrow Account following the Survival Period Termination Date, if necessary, to satisfy any potential Losses from such claim that is made prior to the Survival Period Termination Date.