Breach of Representation and Warranties Sample Clauses
The Breach of Representation and Warranties clause defines the consequences and remedies available when one party's statements or assurances made in the contract are found to be untrue or inaccurate. In practice, this clause typically allows the non-breaching party to seek damages, demand corrective action, or, in some cases, terminate the agreement if a material misrepresentation is discovered. Its core function is to allocate risk and provide recourse for parties harmed by false or misleading representations, thereby promoting trust and accountability in contractual relationships.
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Breach of Representation and Warranties. Any material representation or warranty made herein or in any report, certificate, opinion (including any opinion of counsel for the Borrower), financial statement or other instrument furnished in connection with the Obligations or with the execution and delivery of any of the Financing Documents, shall prove to have been false or misleading when made in any material respect.
Breach of Representation and Warranties. Neither of the Parties shall take any action that would result in (i) a failure to comply in any material respect with such Party's agreements hereunder or (ii) any of the representations and warranties of such Party being inaccurate in any material respect; and in the event of any such breach or default by a Party, such Party shall give detailed written notice thereof to the other Party and shall use his or its reasonable best efforts to promptly cure the same.
Breach of Representation and Warranties. Neither the Company nor the Shareholder will take any action that would cause or constitute a breach of any of the representations and warranties set forth in Section 2.1 or that would cause any of such representations and warranties to be inaccurate in any material respect. In the event of, and promptly after becoming aware of, the occurrence of or the pending or threatened occurrence of any event that would cause or constitute such a breach or inaccuracy, the Company will give detailed notice thereof to the Purchasers and will use commercially reasonable efforts to prevent or promptly remedy such breach or inaccuracy.
Breach of Representation and Warranties. Company and Seller shall not take any action that would cause or constitute a breach of any of the representations and warranties set forth in this Agreement or that would cause any of such representations and warranties to be inaccurate in any material respect. In the event of, and promptly after becoming aware of, the occurrence of or the pending or threatened occurrence of any event that would cause or constitute such a breach or inaccuracy, Company and Seller will give detailed notice thereof to Buyer and will use reasonable efforts to prevent or promptly remedy such breach or inaccuracy.
Breach of Representation and Warranties. Each Party (the "Defaulting Party") shall be liable to the other Parties (the "Other Parties") before and after Closing or any Deferred Closing for any loss, damages, liability, or cost (including but not limited to reasonable attorney's fees and costs) that any Other Party incurs directly, indirectly or proximately as a result of any warranty or representation made by the Defaulting Party in this Agreement not being true and correct as of Closing and any Deferred Closing; provided that Talisman's obligations with respect to breaches of SECTIONS 5.1(E)(1), (H)(1), (H)(2)(I) AND (H)(3), other than fraudulent breaches of such Sections, shall be governed by SECTION 7.8. Talisman's obligations with respect to such fraudulent breaches shall be governed by this SECTION 5.7.
Breach of Representation and Warranties. 7 (A) Remedy For Breach..............................................................7 (B) Reassignments..................................................................7 (C) "Buy-Back Price"...............................................................8 (D) Definition of "Loss"...........................................................8 (E) Remedy For Non-Delivery of Documents...........................................8 (F) Remedy For First Payment Default...............................................8 (G) Remedy to Insure Accuracy of Real Estate Appraisals............................8
Breach of Representation and Warranties. Any representation or warranty made or implied under:
(i) Section 16 or any other provision of this Agreement or the Letter of Offer; or
(ii) any notice, certificate, letter or other document delivered under this Agreement is incorrect or misleading (as determined by the Bank) in a material detail as of the date on which it was made or deemed to have been made; or
Breach of Representation and Warranties. Promptly upon the occurrence of, or promptly upon the Buyer becoming aware of the impending or threatened occurrence of, any event which would cause or constitute a breach, or would have caused or constituted a breach had such event occurred or been known to the Buyer prior to the date hereof, of any of the representations and warranties of the Buyer contained in or referred to in this Agreement, such person shall give detailed written notice thereof to the Company and Seller and the Buyer shall use its best efforts to prevent or promptly remedy the same.
Breach of Representation and Warranties. 27 4.3 Pooling.............................................................................................. 27 4.4 Consents............................................................................................. 27
Breach of Representation and Warranties. Any and all damage, loss or liability resulting from a material breach of any representation, warranty or covenant of Purchaser in this Agreement or nonfulfillment of any agreement on the part of Purchaser under this Agreement or from any misrepresentation in or omission from any certificate furnished or to be furnished to Seller hereunder; and