Common use of Disclaimer of Projections Clause in Contracts

Disclaimer of Projections. With respect to any of the representations and warranties contained in Section 2.20 of this Agreement relating to any financial projection or forecast with respect to the Assets delivered by or on behalf of Seller or Summit to Buyer, Buyer acknowledges that to the extent such projections or forecasts were made in good faith: (A) there are uncertainties inherent in attempting to make such projections and forecasts; (B) it is familiar with such uncertainties; (C) it is taking full responsibility for making its own evaluation of the adequacy and accuracy of all such projections and forecasts so furnished to it; and (D) it shall have no claim against Seller or Summit with respect to any such projection or forecast.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Credence Systems Corp), Asset Purchase Agreement (Summit Design Inc)