Tolling Period definition
Examples of Tolling Period in a sentence
For all purposes herein, both the first and last day of the Tolling Period shall be deemed to be contained in the Tolling Period.
If you fail to respond to a reasonable request from CenturyLink for missing or additional information, then the Pre-Filing Tolling Period will end 14 consecutive days after the date of CenturyLink’s request.
In addition to the foregoing and any other remedies available to the Buyer, at law or in equity, in the event the Seller is in default and the Buyer is diligently pursuing a judicial remedy, the periods specified in paragraphs 1.1, 1.2 and 1.3 will be tolled until the conclusion of the judicial action (the “Tolling Period”) and such periods will be automatically extended by the number of days elapsed during the Tolling Period.
During the Tolling Period, the time for JPMorgan to give or respond to any notice of any purported breach of representation or warranty shall be suspended, and JPMorgan shall not be required to produce any documentation related to the Mortgage Loans which is being sought, directly or indirectly, for purposes of evaluating or pursuing any claims that would be Released Claims against JPMorgan.
The Parties agree that they will not assert any defense based on any statute of limitations, statutes of repose, laches or other time-related defense based, in whole or in part, on the passage of time during the Tolling Period as hereinafter defined in any legal proceedings or arbitration with respect to any of the claims covered by this Agreement.