Common use of Survival and Time Limitation Clause in Contracts

Survival and Time Limitation. Except as otherwise set forth herein, the terms and provisions of this Agreement, including the representations and warranties, shall survive the Closing of the transactions contemplated hereunder. Any claim by any Buyer Indemnified Party that Seller is liable to such Buyer Indemnified Party under the terms of this Agreement must be brought against Seller until the expiration of all applicable statutes of limitations. Any claim by any Seller Indemnified Party that Buyer is liable to such Seller Indemnified Party under the terms of this Agreement must be brought against Buyer until the expiration of all applicable statutes of limitations (including any extension thereto).