Common use of Knowledge Not Limiting Clause in Contracts

Knowledge Not Limiting. One purpose of the representations, warranties, covenants and agreements herein is to shift or allocate the risk and responsibility for certain matters among the Parties. No right or obligation under this Article 8 will be waived or otherwise affected by any knowledge (of any form or type) of Buyer or by any investigation, due diligence or verification by or on behalf of Buyer on or before the date hereof or at or before Closing. All representations, warranties, covenants and agreements herein will be deemed material and relied upon by each Party, and none will be waived by any failure to pursue any action or consummation of the transactions contemplated herein, except to the extent stated herein.