Material Fact Clause Samples
A Material Fact clause defines information that is significant or essential to a contract or transaction, such that its disclosure or omission could influence a party’s decision to enter into the agreement. In practice, this clause requires parties to disclose any facts that could affect the value, risk, or outcome of the deal, such as known defects in a property sale or pending litigation in a business acquisition. Its core function is to ensure transparency and prevent one party from being misled by the omission of critical information, thereby reducing the risk of disputes or claims of misrepresentation.
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Material Fact. The Buyer warrants they have supplied the Agent in writing with all the material facts in respect to their proposed property acquisition. In this clause, “material fact” has the same meaning as in Section 52 of the Property Stock and Business Agents ▇▇▇ ▇▇▇▇ (NSW).
Material Fact where used in this Agreement includes, but is not limited to, material facts as set out in Item I. Note: Refer to 'Misrepresentation Guidelines - NSW Fair Trading' for more details on what may constitute a material fact.
Material Fact. R has disclosed to T all material facts regarding its business, including, without limitation, all material facts which a prudent purchaser would want to know if such purchaser were to purchase the business of R.
Material Fact. The Borrower further undertakes and affirms that he has disclosed/ shall disclose all facts and complete information relating to the Property to the Bank. The Borrower further undertakes and declares that the Borrower has not concealed/ shall not conceal any material fact from the Bank, which fact, if not disclosed, may have an adverse impact on the Loan/ Repayment thereof/ Property, as maybe determined by the Bank.
Material Fact. The Parties have agreed on the release and publication by the Company of (a) a material fact statement (fato relevante) confirming the signing of this Agreement, in the form attached hereto as Exhibit 12.5.1(a), and (b) upon Closing, a material fact statement (fato relevante) confirming the consummation of the Transaction, substantially in the form attached hereto as Exhibit 12.5.1(b).
Material Fact. Material fact means a fact or information that an insurer would regard as likely to affect acceptance or assessment of the risk. Period of insurance means the length of time covered by this Contract of Insurance, as shown on the current Schedule and Certificate of Motor Insurance.
Material Fact. Refers to statements made as being absolutely true and unbiased (with reference to medical information).
Material Fact. T has disclosed to R all material facts regarding its business, including, without limitation, all material facts which a prudent purchaser would want to know prior to purchasing the Assets to operate such business.
Material Fact. Any fact that affects the Company's decision to accept or reject insurance or affects the insurance premium or the terms of the contract.
Material Fact. Any fact that affects the Company's decision to accept or reject insurance or affects the insurance premium or the terms of the contract. In accordance with Sharia Supervision Board Resolution No. (03), the company is committed to the following: General Terms and conditions:
1. The Company will maintain accounts for insurance operations separate from the shareholders’ accounts in accordance with the Implement- ing regulations provisions of the Law of Supervision of Co-operative Insurance Companies.
2. The Company undertakes to invest all funds, whether relating to shareholders or the policyholders strictly in accordance with the rules of Shariah principles and in consistent with the Company Investment policy approved by the Saudi Central Bank. The Company will add or subtract the investment return of the policyholder’s invested funds, and subtracting the general expenses related to the policyholder’s portion of the investment activities.
3. The Company, as the insurance administrator, will manage the insurance operations in favor of the policyholders. In case of net surplus in the insurance operations’ account, it will be distributed in the following way: a- Ten percent (10%) of the annual net surplus shall be distributed to the policyholders directly or in the form of reduction in premiums for the next year.