Common use of Termination of Indemnification Obligations Clause in Contracts

Termination of Indemnification Obligations. The obligations of each party to indemnify, defend and hold harmless the other party and other Indemnitees (i) pursuant to Section 13.1(a) and Section 13.2(a) shall terminate when the applicable representation or warranty expires pursuant to Article XII, (ii) pursuant to Section 13.1(b) and Section 13.2(b) shall terminate upon the later to occur of (A) two years after the Subsequent Closing Date and (B) six months after the last day on which the obligations described in Sections 13.1(b) and 13.2(b) shall have been required to be performed and (iii) pursuant to Sections 13.1(c), (d) and (e), and Sections 13.2(c) and (d) shall continue without time limitation and shall not terminate at any time; provided, however, that as to clauses (i) and (ii) above, such obligations to indemnify, defend and hold harmless shall not terminate with respect to any individual item as to which the Indemnitee shall have, before the expiration of the applicable period, made a claim by delivering a notice (stating in reasonable detail the basis of such claim) to the Indemnifying Party.

Termination of Indemnification Obligations. The obligations of each party to indemnify, defend and hold harmless the other party and other Indemnitees (i) pursuant to Section Sections 13.1(a) and Section 13.2(a) shall terminate when the applicable representation or warranty expires pursuant to Article XII, (ii) pursuant to Section 13.1(b) and Section 13.2(b) shall terminate upon the later to occur of (A) two years after the Subsequent Closing Date and (B) six months after the last day on which the obligations described in Sections 13.1(b) and 13.2(b) shall have been required to be performed and (iii) pursuant to Sections 13.1(c), (d) and (e), and Sections 13.2(c) and (d) shall continue without time limitation and shall not terminate at any time; provided, however, that as to clauses (i) and (ii) above, such obligations to indemnify, defend and hold harmless shall not terminate with respect to any individual item as to which the Indemnitee shall have, before the expiration of the applicable period, made a claim by delivering a notice (stating in reasonable detail the basis of such claim) to the Indemnifying Party.

Termination of Indemnification Obligations. The obligations of each party to indemnify, defend and hold harmless the other party and other Indemnitees (i) pursuant to Section Sections 13.1(a) and Section 13.2(a) ), shall terminate when the applicable representation or warranty expires pursuant to Article XII, (ii) pursuant to Section 13.1(b) and Section 13.2(b) shall terminate upon the later to occur of (A) two years after the Subsequent Closing Date and (B) six months after the last day on which the obligations described in Sections 13.1(b) and 13.2(b), shall terminate upon the expiration of all applicable statutes of limitation (giving effect to any extensions thereof) shall have been required to be performed and (iii) pursuant to Sections 13.1(c), (d13.1(d), 13.1(e), 13.1(f), 13.2(c), 13.2(d), 13.2(e) and (e13.2(f), and Sections 13.2(c) and (d) shall continue without time limitation and shall not terminate at any time; provided, however, that as to clauses (i) and (ii) above, such obligations to indemnify, defend and hold harmless shall not terminate with respect to any individual item as to which the Indemnitee shall have, before the expiration of the applicable period, made a bona fide claim by delivering a written notice (stating in reasonable detail the basis of such claim) to the Indemnifying Party.