Common use of Time to Assert Claims Clause in Contracts

Time to Assert Claims. Any claim asserted pursuant to Section 8.1 or Section 8.2 above must be asserted by written notice given by one party to the other on or before the date of the release of the first audit report of the Parent containing combined financial statements of the Parent and the Company, not to exceed one (1) year from the date of Closing.

Appears in 2 contracts

Sources: Merger Agreement (Greenbriar Corp), Merger Agreement (Rushmore Financial Group Inc)

Time to Assert Claims. Any claim asserted pursuant to Section 8.1 or Section 8.2 above must be asserted by written notice given by one party to the other on or before the date of the release of the first audit report of the Parent containing combined financial statements of the Parent and the Company, not to exceed and in any event at least one (1) year from the date of Closing.

Appears in 1 contract

Sources: Merger Agreement (Microwave Transmission Systems Inc)

Time to Assert Claims. Any claim asserted pursuant to Section 8.1 7.2(1) or Section 8.2 (2) above must be asserted by written notice given by one party to the other on or before the later of (i) the date of the release of the first audit report of the Parent containing combined financial statements of the Parent and the Company, not to exceed Company and (ii) the date which is one (1) year from the date of ClosingClosing or the expiration of the statute of limitations period with respect to claims based on breaches of representations concerning taxes or environmental matters.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Citadel Technology Inc)