Common use of Knowledge of Sellers Clause in Contracts

Knowledge of Sellers. The term “knowledge of Sellers” or any similar phrase as used in this Agreement shall be limited to the actual knowledge of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Senior Vice President of CNL Financial Group Investment Management, LLC), ▇▇▇▇▇ ▇▇▇▇▇▇▇ (Senior Managing Director Healthcare and Senior Housing of CNL Financial Group Investment Management, LLC) and ▇▇▇▇▇▇ ▇▇▇▇▇▇ (Vice President of each Seller), without imposing any duty of investigation or inquiry or personal liability upon any such individuals. Sellers hereby represent and warrant that the individuals listed in the preceding sentence are the individuals acting on behalf of Sellers who would reasonably be expected to have knowledge of the matters set forth herein.

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (CNL Lifestyle Properties Inc), Purchase and Sale Agreement (Senior Housing Properties Trust)