Common use of Survival and Conflict Clause in Contracts

Survival and Conflict. The obligations set forth in Section 7.1(b) shall survive Closing for a period of [Omitted]; provided, however, that with respect to [Omitted], [Omitted] shall survive until the 30th day following the expiration of the applicable statute of limitations (taking in to account any applicable extensions or tollings thereof). Any claims (other than claims with respect to [Omitted] pursuant to [Omitted] shall be recoverable solely and exclusively from and to the extend of amounts available under the Indemnity Deposit Escrow Account. Further, in the event of a conflict between the provisions of this [Omitted] and any other provisions of this Agreement, this [Omitted] shall control.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Marathon Oil Corp)