TIME LIMITS FOR BRINGING CLAIMS Sample Clauses
TIME LIMITS FOR BRINGING CLAIMS. No claim shall be brought against the Vendor, the Share Sellers, the US Business Seller or the IP Assets Sellers in respect of any of the Warranties, under the Tax Covenant or in respect of PARAGRAPH 16 of SCHEDULE 8 unless the Purchaser shall have given to the Vendor written notice of such claim specifying (in reasonable detail (to the extent reasonably practicable)) the matter which gives rise to the claim, the nature of the claim and the amount claimed in respect thereof (detailing (to the extent reasonably practicable) the Purchaser's calculation of the loss thereby alleged to have been suffered by it):-
(i) subject to SUB-PARAGRAPHS (ii) and (iii), on or before the second anniversary of the Completion Date;
(ii) in respect of any claims under the Tax Warranties or the Tax Covenant on or before the seventh anniversary of the Completion Date; and
(iii) in respect of any claims pursuant to PARAGRAPH 16 of SCHEDULE 8, on or before the fifth anniversary of the Completion Date, PROVIDED that, subject to SUB-PARAGRAPHS 5(A) and (B), the liability of the Vendor, the Share Sellers, the US Business Seller and the IP Assets Sellers in respect of such claim shall absolutely terminate (if such claim has not been previously satisfied, settled or withdrawn) if legal proceedings in respect of such claim shall not have been commenced within 12 months of the service of such notice and for this purpose proceedings shall not be deemed to have been commenced unless they shall have been properly issued and validly served upon the Vendor, the relevant Share Seller, the US Business Seller or the relevant IP Asset Seller (as the case may be).
TIME LIMITS FOR BRINGING CLAIMS. 2.1 No claim shall be brought against a Seller in respect of any of the Warranties or under the Tax Covenant unless the Purchaser or the other Seller (as applicable) shall have given to such Seller written notice of such claim promptly and in any event:
(A) subject to sub-paragraph 2.1(B) of this Schedule 4, on or before the date falling 18 months after the Completion Date; or
(B) in respect of any claims under the Tax Warranties or the Tax Covenant, not later than the date falling three months after the expiry of the period specified by statute during which an assessment of that liability to Tax may be issued by the relevant Tax Authority or, if there is no such period, on or before the date falling three months after the sixth anniversary of the Completion Date.
TIME LIMITS FOR BRINGING CLAIMS. The Warrantors are not liable for a Warranty Claim in respect of any Warranty unless the Investor has notified the Warrantors of the Warranty Claim stating in reasonable detail the nature of the Warranty Claim and the amount claimed (detailing the Investor’s calculation of the loss thereby alleged to have been suffered) on or before:
2.1 in respect of a Warranty Claim in respect of the Fundamental Warranties, the expiry of six (6) years starting on, but not including, the Completion Date;
2.2 in respect of a Warranty Claim in respect of the Warrantors’ Warranties set out at paragraphs 5 (Tax) and 13 (Pensions, Social Insurance Funds and Social Welfare Schemes) of Schedule 4 (Warrantors’ Warranties), the expiry of four (4) years starting on, but not including, the Completion Date; and
2.3 in respect of all other Warranty Claims, the expiry of one (1) year starting on, but not including, the Completion Date.
TIME LIMITS FOR BRINGING CLAIMS. The Seller is not liable for a Relevant Claim unless the Buyer has notified the Seller of the Relevant Claim stating in reasonable detail the nature of the Relevant Claim and the amount claimed (detailing the Buyer’s calculation of the loss thereby alleged to have been suffered) on or before the date that is:
2.1 1 March 2007, in respect of any Relevant Claim other than a Fundamental Warranty Claim; and
2.2 1 October 2007, in respect of any Fundamental Warranty Claim.
TIME LIMITS FOR BRINGING CLAIMS. The Seller cannot make any claim for breach of any Buyer's Warranty, under an indemnity in this document, or based on a breach of any provision of this document, and the liability of the Buyer for a claim is absolutely barred, unless the Seller gives to the Buyer within 1 year after Completion, notice of the claim describing the proposed claim sufficiently to put the Buyer fairly on notice of the matter in question, and (to the extent the Seller is reasonably able) of the likely amount of the claim.
TIME LIMITS FOR BRINGING CLAIMS. 1.1 The Management Warranties shall survive Completion. The Buyer will not be entitled to bring any Claim:
TIME LIMITS FOR BRINGING CLAIMS. No claim shall be brought against Rosneft under this Agreement (other than Clauses 3, 5, 16.9, 20, 21, 24, 27 and 29) unless a member of the Seadrill Group or a member of the NADL Group shall have given to Rosneft written notice of such claim specifying (in reasonable detail) the matter which gives rise to the claim, the nature of the claim and the amount claimed in respect thereof (if known) and a reasonable estimate of the loss thereby alleged to have been suffered by it:
TIME LIMITS FOR BRINGING CLAIMS. No claim shall be brought against the Seller in respect of any breach of the Warranties or under the Tax Covenant unless the Purchaser shall have given to the Seller written notice of such claim specifying (in reasonable detail) the matter which gives rise to the breach or claim, the nature of the breach or claim and the amount claimed in respect thereof (detailing the Purchaser's calculation of the loss thereby alleged to have been suffered by it or the Company if relevant):-
(A) on or before the seventh anniversary of Completion in respect of claims in respect of any breach of the Tax Warranties or under the Tax Covenant; or
(B) on or before the date falling three months after the completion of the accounts of the Company in respect of the financial year ending on 31 December 1998, in respect of any other matters. PROVIDED that the Purchaser's compliance with sub-clause (A) of clause 7 (Claims Procedure) of the Tax Covenant shall be sufficient notice of a claim under the Tax Covenant or in respect of any breach of the Tax Warranties for the purposes of this paragraph. No time limit shall apply in relation to claims under the Undertaking set out in clause 7 of this Agreement.
TIME LIMITS FOR BRINGING CLAIMS. 2.1 The Contributing Parties are not liable for a Claim in respect of any Claim unless the Purchaser has notified the Contributing Parties of the Claim stating in reasonable detail the nature of the Claim and the Purchaser’s bona fide estimate of the amount claimed (to the extent then known) on or before the expiry of the Management Escrow Period.
2.2 A Claim notified in accordance with paragraph 2 of this Schedule 3 and not satisfied, settled or withdrawn is unenforceable against the Contributing Parties on the expiry of the period of 6 months starting on the day of notification of the Claim, unless proceedings in respect of the Claim have been properly issued and validly served on the Contributing Parties.
TIME LIMITS FOR BRINGING CLAIMS. 2.1 A Partner is not liable for:
2.1.1 a Relevant Warranty Claim in respect of a Warranty contained in paragraph 13 of part A of schedule 9 unless the Company has notified that Partner of the Relevant Warranty Claim stating in reasonable detail the nature of the Relevant Warranty Claim and, if practicable, the amount claimed on or before the date falling [ * * * ] years from the Closing Date;
2.1.2 any other Relevant Warranty Claim (other than a Title Warranty Claim) unless the Company, Acorn or MDLZ (as the case may be) has notified the Partner of the Relevant Warranty Claim stating in reasonable detail the nature of the Relevant Warranty Claim and, if practicable, the amount claimed on or before falling [ * * * ] years from the Closing Date; and
2.1.3 any other Relevant Claim unless the Company, Acorn or MDLZ (as the case may be) has notified the Partner of the Relevant Claim stating in reasonable detail the nature of the Relevant Claim and, if practicable, the amount claimed on or before falling [ * * * ] years from the Closing Date.
2.2 A Relevant Claim notified in accordance with this paragraph 2 of this schedule 10 is unenforceable against the relevant Partner on the expiry of the period of [ * * * ] months starting on the day of notification of the Relevant Claim, unless proceedings in respect of that Relevant Claim have been properly issued and validly served on the relevant Partner.