Temporal Limitation Clause Samples

A Temporal Limitation clause sets a specific time frame during which certain rights, obligations, or actions under a contract are valid or enforceable. For example, it may state that claims for damages must be made within one year of discovering a breach, or that a party’s right to exercise an option expires after a set period. This clause ensures that parties act within defined periods, providing certainty and preventing indefinite liability or open-ended obligations.
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Temporal Limitation. Provided Developer qualifies for PAYGo Reimbursement and provides adequate proof to the City and CDA that Developer has incurred and paid Qualified Expenditures, and provided Developer and all transferees have paid the real estate taxes and any Special Assessments and Special Charges in full for the previous tax year, PAYGo Reimbursement payments shall be made no later than 90 days after Developer and all transferees have paid the real estate taxes and any Special Assessments and Special Charges in full for the year for which the PAYGo Reimbursement is applicable.
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Temporal Limitation. Provided Developer qualifies for TIF Incentive and provides adequate proof to the City and RDA that Developer has incurred and paid Qualified Expenditures, an provided Developer and all transferees have paid the real estate taxes and any Special Assessments and Special Charges in full for the previous tax year by July 31, TIF Incentive payments shall be made on or before September 1 of each year; provided, however, in no event shall TIF Incentive payments continue after the earlier of the termination date of the TID or the termination of this Agreement if before the termination of the TID.
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Temporal Limitation. Employee’s indemnification obligations hereunder may be asserted and enforced only if on or before the end of the fifteenth (15th) calendar month following the Effective Date (the “Indemnification Claim Period”), the Company notifies Employee of a claim specifying the factual basis of the claim in reasonable detail to the extent then known by Company.
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Temporal Limitation. Provided Developer qualifies for TIF Incentive and provides adequate proof to the City and RDA that Developer has incurred and paid Qualified Expenditures, an provided Developer and all transferees have paid the real estate taxes and any Special Assessments and Special Charges in full for the previous tax year by July 31, TIF Incentive payments shall be made on or before September 1 of each year; provided, however, in no event shall TIF Incentive payments continue after the earlier of: a) Tax year 2040; b) The termination date of the TID; or c) The termination of this Agreement pursuant to Article IX, below, if before the termination of the TID.
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Temporal Limitation. At the close of business on July 31, 1998.
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Temporal Limitation. Except as otherwise provided in this Section 11.4, all representations and warranties made by Purchaser, Custom Craft and Seller in connection with this Agreement shall survive the Closing. Anything in this Agreement to the contrary notwithstanding, the liability of all Indemnitors under this Article XI shall terminate on the fourth (4th) anniversary of the Closing Date, except with respect to (a) liability for any item as to which, prior to the fourth (4th) anniversary of the Closing Date, any Indemnitee shall have asserted a Claim in writing, which Claim shall identify
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Related to Temporal Limitation

  • General Limitations Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement:

  • ANNUAL LIMITATION Notwithstanding anything contained in this Agreement to the contrary, and with respect to each Tax Year of the Tax Limitation Period beginning after the first Tax Year of the Tax Limitation Period, in no event shall (i) the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year, exceed (ii) the amount of the maintenance and operations ad valorem taxes that the Applicant would have paid to the District for such Tax Year (determined by using the District’s actual maintenance and operations tax rate for such Tax Year) if the Parties had not entered into this Agreement. The calculation and comparison of the amounts described in clauses (i) and (ii) of the preceding sentence shall be included in all calculations made pursuant to Article IV of this Agreement, and in the event the sum of the amounts described in said clause (i) exceeds the amount described in said clause (ii), then the payments otherwise due from the Applicant to the District under Articles IV, V, and VI shall be reduced until such excess is eliminated.