Common use of Survival of Certain Representations and Warranties Clause in Contracts

Survival of Certain Representations and Warranties. The representations and warranties set forth in Sections 4.18, 4.20 and 4.21 shall survive the Closing for a period of six months after the Closing Date. The representations and warranties set forth in Sections 4.1, 4.2, 4.3, 4.4, 4.5(c)-(e), 4.6, 4.7, 4.9, 4.10, 4.13, 4.15(b), 4.16 and 4.17 and in Sections 5.1, 5.2, 5.3, 5.5, 5.8 and 5.10 shall survive the Closing for a period of 12 months after the Closing Date. The representations and warranties set forth in Sections 4.5(a) and (b), 4.12 and 4.15(d) shall survive the Closing for a period of 24 months after the Closing Date. The representations and warranties set forth in Section 4.15(a) and (c) shall survive the Closing for a period equal to the applicable statute of limitations. The representations set forth in Section 4.14 and the covenants set forth in Section 8.9 shall survive the Closing for the applicable statute of limitations period. All other representations and warranties of the Seller and the Buyer contained in this Agreement shall terminate at the Closing and shall be of no force and effect thereafter.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Paradyne Networks Inc), Asset Purchase Agreement (P Com Inc)