All of the indemnity obligations of the parties set forth in this Agreement shall terminate and expire, and shall cease to be of any force or effect, at 5:00  P.M. (Eastern time) on t he first anniversary of the Closing Date, and all liability and indemnificat ion obligations with respect thereto   shall thereupon be extinguished ; provided, however, that (a)  the representations and warranties in Sections 7.2.2(a) through (c), 7.2.2( f ), 7.2.3(a), (b), (d) ,   7.2.10 , and 7.2.15(a ) shall survive until the eighteen (18) month   anniversary of the Closing Date, (b)  the representations and warranties in Sections   7.1 and 7.2.1   shall survive indefinitely and (c) the provisions of Section 2.4 shall survive for 18 months after Closing .  It is the express intent of the parties that, if the applicable survival period as contemplated by this Section 16 .1 is shorter than the statute of limitations period that would otherwise have been applicable , then by virtue of this Agreement, the applicable statute of limitations period shall be reduced to the shortened survival period contemplated by this Section 1 6 .1 .  If notice of a claim has been given by an indemnitee party the limitations of this Section 1 6 .1 shall not apply to such claim until it is finally resolved.  The parties further acknowledge that the time periods set forth in this Section 1 6 .1 for the assertion of claims under this Agreement are the result of arms’-length negotiation among the parties and that they intend for the time periods to be enforced as agreed among the parties.