FALSE OR INCOMPLETE STATEMENTS Clause Samples

FALSE OR INCOMPLETE STATEMENTS. We have the right to terminate the Contract, refuse to pay any indemnification and require any indemnities to be returned to Us: • if any statement You made to Us was false or incomplete (especially when You applied for this Contract, when You made a request for a Credit Decision or when a cause of loss occurred), or • if You do not comply with your obligations pursuant to article 12.2 above.
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FALSE OR INCOMPLETE STATEMENTS a) If You fail to make a fair presentation of the risks deliberately or recklessly we may void your cover and retain the premium (we may treat the Contract as if it had never existed and we will not return your premium). b) If You fail to make a fair presentation of the risks and it is not deliberate or reckless and, had We known about the risks, We would not have provided cover We may elect to void the cover and return Your premium. c) If the failure to make a fair presentation of the risks and it is not deliberate and reckless and, We would have issued cover on different terms had we known about the risks, We may: • Reduce the amount of cover proportionately to the premium (i.e. We would pay out a reduced amount reduced by the same percentage as the premium would have increased had We known of the risks) and/or •Treat the cover as if extra or different terms were included in the Contract had We known of the risks.
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FALSE OR INCOMPLETE STATEMENTS a) If You fail to make a fair presentation of the risks deliberately, recklessly or fraudulently we may void your cover and retain the premium (we may treat the Contract as if it had never existed and we will not return your premium). b) If You fail to make a fair presentation of the risks and it is not deliberate, reckless or fraudulent and, had We known about the risks, We would not have provided cover We may elect to void the cover and return Your premium. c) If the failure to make a fair presentation of the risks and it is not deliberate, reckless or fraudulent and, We would have issued cover on different terms had we known about the risks, We may: • reduce the amount of cover proportionately to the premium (i.e. We would pay out a reduced amount reduced by the same percentage as the premium would have increased had We known of the risks) and/or • treat the cover as if extra or different terms were included in the Contract had We known of the risks. In the event of Your breach of the duty of fair presentation, which is not deliberate, reckless or fraudulent, We irrevocably waive all and any rights and remedies We have/may have as a result of the breach of the duty of fair presentation including, for the avoidance of doubt, any remedy that would have been available under the Insurance Act 2015. The onus of proof in respect of whether a breach was deliberate, reckless or fraudulent rests on Us.
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Related to FALSE OR INCOMPLETE STATEMENTS

  • Incomplete IPO If the Issuer does not complete its IPO and has become a reporting issuer in one or more jurisdictions because it has obtained a receipt for its IPO prospectus, this Agreement will remain in effect until the securities regulators in those jurisdictions order that the Issuer has ceased to be a reporting issuer.

  • Incomplete Works In the event the Contractor fails to complete the Works in accordance with the Project Completion Schedule, including any Time Extension granted under this Agreement, the Contractor shall endeavour to complete the balance work expeditiously and shall pay Damages to the Authority in accordance with the provisions of Clause 10.3 (ii) for delay of each day until the Works are completed in accordance with the provisions of this Agreement. Recovery of Damages under this Clause shall be without prejudice to the rights of the Authority under this Agreement including the right to termination under Clause 23.1.

  • Untrue Statements The Executive shall not knowingly at any time make any untrue statement in relation to the Company or any Group Company and in particular shall not after the determination of his employment hereunder wrongfully represent himself as being employed by or connected with the Company or any Group Company.

  • Program Fraud and False or Fraudulent Statements or Related Acts (A) The CONTRACTOR acknowledges that the provisions of the Program Fraud Civil Remedies Act of 1986, as amended, 31 U.S.C. § 3801 et seq . and U.S. DOT regulations, "Program Fraud Civil Remedies," 49 C.F.R. Part 31, apply to its actions pertaining to this Project. Upon execution of the underlying contract, the CONTRACTOR certifies or affirms the truthfulness and accuracy of any statement it has made, it makes, it may make, or causes to be made, pertaining to the underlying contract or the FTA assisted project for which this contract work is being performed. In addition to other penalties that may be applicable, the CONTRACTOR further acknowledges that if it makes, or causes to be made, a false, fictitious, or fraudulent claim, statement, submission, or certification, the Federal Government reserves the right to impose the penalties of the Program Fraud Civil Remedies Act of 1986 on the CONTRACTOR to the extent the Federal Government deems appropriate. (B) The CONTRACTOR also acknowledges that if it makes, or causes to be made, a false, fictitious, or fraudulent claim, statement, submission, or certification to the Federal Government under a contract connected with a project that is financed in whole or in part with Federal assistance originally awarded by FTA under the authority of 49 U.S.C. § 5307, the Government reserves the right to impose the penalties of 18 U.S.C. § 1001 and 49 U.S.C. § 5307, as amended, on the CONTRACTOR, to the extent the Federal Government deems appropriate. (C) The CONTRACTOR agrees to include the above two clauses in each subcontract financed in whole or in part with Federal assistance provided by FTA. It is further agreed that the clauses shall not be modified, except to identify the subcontractor who will be subject to the provisions.

  • False Statements Contractor represents and warrants that all statements and information prepared and submitted by Contractor in this Contract and any related Solicitation Response are current, complete, true, and accurate. Contractor acknowledges any false statement or material misrepresentation made by Contractor during the performance of this Contract or any related Solicitation is a material breach of contract and may void this Contract. Further, Contractor understands, acknowledges, and agrees that any false representation or any failure to comply with a representation, warranty, or certification made by Contractor is subject to all civil and criminal consequences provided at law or in equity including, but not limited to, immediate termination of this Contract.