Common use of Due Diligence Materials Provided Clause in Contracts

Due Diligence Materials Provided. Each Buyer acknowledges that Seller has only recently become the controlling shareholder of the Company and has obtained control of the Company through court process which, by its nature, provides Seller with only very limited information regarding the Company, its history, its financial condition and any potential debts, obligations, liabilities or other claims. Each Buyer understands that there may be significant obligations, claims or other obligations against the Company of which Seller is unaware that would make the Company unsuitable for the business operations therein contemplated by Buyer, and each Buyer expressly assumes such risk.

Due Diligence Materials Provided. Each Buyer acknowledges that Seller has only recently become the controlling shareholder of the Company and has obtained control of the Company through court process which, by its nature, provides Seller with only very limited information regarding the Company, its history, its financial condition and any potential debts, obligations, liabilities or other claims. Each Buyer understands that there may be significant obligations, claims or other obligations against the Company of which Seller is unaware that would make the Company unsuitable for the business operations therein contemplated by BuyerB▇▇▇▇, and each Buyer expressly assumes such risk.