Examples of Surviving Representation in a sentence
Should it be finally determined that Seller or the Company has breached any Surviving Representation, then the Buyer shall have the right to call upon the un-wind provisions as delineated herein.
Buyer shall be indemnified by Seller and the Company as follows: Seller and the Company shall indemnify and hold harmless the buyer from and against any losses, damages or expenses which may be suffered or incurred by Buyer arising from or by reason of the inaccuracy of any Surviving Representation.
No action may be brought with respect to a breach of any Surviving Representation after such time unless, prior to such time, the Party seeking to bring such an action has notified the other Parties of such claim, specifying in reasonable detail the nature of the loss suffered.
The rights and remedies of any party in respect of any inaccuracy or breach of any Fundamental Representation, Surviving Representation or covenant shall in no way be limited by the fact that the act, omission, occurrence or other state of facts or circumstances upon which any claim of any such inaccuracy or breach is based may also be the subject matter of any other Fundamental Representation, Surviving Representation or covenant as to which there is no inaccuracy or breach.
Each Surviving Representation shall automatically be null and void and of no further force and effect upon the expiration of the Limitation Period unless, prior to the expiration of the Limitation Period, Purchaser shall have provided Seller with a Breach Notice (as hereinafter defined) alleging that Seller is in breach of such Surviving Representation.
In 2014, 13 percent of the U.S. population constituted of immigrants, or foreign born residents (Pew, 2015).9 About a quarter, or 11.1 million, of the immigrants in the U.S. are unauthorized to stay and a similar proportion, or 11.7 million, are lawful permanent residents.10 Mexico is the single largest source country of immigrants in the U.S. comprising27.7 percent (11.7 million) of the immigrant population in the U.S. in 2014 (Pew, 2015).
For the avoidance of doubt, any Surviving Representation that refers to "the date hereof" or "as of the date hereof" or any other similar reference shall be deemed to refer to the date of the Guaranty.
Effective as of the Closing, and subject to the limitations set forth in Section 10.04(a), Buyer hereby indemnifies Parent and its Affiliates and their respective directors, officers, employees and agents against, and agrees to hold them harmless from any and all Damages incurred or suffered by any of them, arising out of or related in any way to any misrepresentation or breach of any Surviving Representation or Covenant made or to be performed by Buyer pursuant to any of the Transaction Documents.
Buyer's indemnification rights under this Agreement shall be limited to Losses arising out of a breach of a Surviving Representation and Warranty, covenant or agreement and this shall be the sole remedy of Buyer with respect thereto.
For the avoidance of doubt, the Indemnification Limit and Threshold Amount shall not be applicable with respect to a breach of a Seller Surviving Representation, the indemnity in Section 8.1.7 or any indemnity in Section 11.2 other than Section 11.2(e).