Material inaccuracy Sample Clauses

A Material Inaccuracy clause defines the consequences and remedies if significant false or misleading information is provided in a contract or related documents. This clause typically applies to representations, warranties, or disclosures made by one party, and it may allow the other party to seek remedies such as termination, indemnification, or damages if a material misstatement is discovered. Its core function is to protect parties from the risks associated with relying on inaccurate or incomplete information, ensuring accountability and promoting trust in contractual relationships.
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Material inaccuracy. 8.12.1 The information provided by or on behalf of the insured in connection with this insurance (whether at inception or otherwise) shall be materially accurate and not omit material information which is known by the insured’s board members or equivalent and/or the 8.12.2 Breach by fraud or dishonesty If the insured or anyone acting on its behalf breaches this condition (whether at inception or otherwise) by fraud or dishonest act or omission, the insurer may: a) avoid this policy from inception; or b) impose such terms, conditions and/or additional premium as the insurer may in its sole discretion determine; and any benefit which the insured has received under this policy which resulted from any such fraud or dishonest act or omission shall immediately be repaid to the insurer.
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Material inaccuracy. 4.10.1 The information provided by or on behalf of the insured in connection with this insurance (whether at inception or otherwise) shall be materially accurate and not omit material information which is known by the insured’s board members or equivalent and/or the insured’s risk manager or ought to have been known by them following their reasonable enquiry. 4.10.2 Breach by fraud or dishonesty If the insured or anyone acting on its behalf breaches this condition (whether at inception or otherwise) by fraud or dishonest act or omission, the insurer may: a) avoid this policy from inception; or b) impose such terms, conditions and/or additional premium as the insurer may in its sole discretion determine; and any benefit which the insured has received under this policy which resulted from any such fraud or dishonest act or omission shall immediately be repaid to the insurer. 4.10.3 Breach by non-disclosure, misrepresentation (other than fraudulent or dishonest) If the insured or anyone acting on its behalf breaches this condition (other than by fraudulent or dishonest means), the insurer may: a) impose such terms and conditions (effective at inception or otherwise) as the insurer would have imposed in the absence of such breach; and/or b) charge such additional premium (effective at inception or otherwise) as the insurer would have required in the absence of the breach; and c) apply such applicable additional premium, amended terms and conditions or both to any notified claim or potential claim; and the insurer will promptly give the insured written notice of any applicable additional premium, amended terms and conditions or both. 4.10.4 Within fourteen (14) days of receipt of such notice, the insured will give the insurer written confirmation of: a) acceptance of and a promise to pay the applicable additional premium in accordance with the terms of trade applying to this insurance; or b) the insured’s acceptance of the amended terms and conditions; or c) both as applicable. 4.10.5 If the insurer can show to the insured’s reasonable satisfaction that the insurer would have declined to enter into this insurance at inception or to accept the proposed amendment to this insurance during the period of insurance on any terms, the insurer may avoid this policy from inception and, if no claims have been paid or accepted under this policy, the insurer shall promptly return to the insured all premiums received by the insurer at the date of breach; and, if the insurer ...
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Material inaccuracy. If a failure by the Grantee to comply with the terms of this Agreement, or an audit report determination that the Grantee has violated applicable state or federal law as it relates to this Project, stems from falsely certified information on the Funding Application or Fund Release Application (including certifications made by architects or other design professionals), then Material Inaccuracy findings and penalties, as described in Education Code 17070.51 and SFP Regulation Section 1859.104.1, may apply.
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Material inaccuracy. 8.12.1 The information provided by or on behalf of the insured in connection with this insurance (whether at inception or otherwise) shall be materially accurate and not omit material information which is known by the insured’s board members or equivalent and/or the insured’s risk manager or ought to have been known by them following their reasonable enquiry. 8.12.2 Breach by fraud or dishonesty If the insured or anyone acting on its behalf breaches this condition (whether at inception or otherwise) by fraud or dishonest act or omission, the insurer may: a) avoid this policy from inception; or b) impose such terms, conditions and/or additional premium as the insurer may in its sole discretion determine; and any benefit which the insured has received under this policy which resulted from any such fraud or dishonest act or omission shall immediately be repaid to the insurer.
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Material inaccuracy. Any of the representations and warranties of Debtor to Secured Party herein or in the Letter Agreement contain a material inaccuracy.
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Material inaccuracy. If Buyer shall discover prior to the Close of Escrow any inaccuracies in any of Seller's warranties and representations, Buyer shall notify Seller thereof. If any material inaccuracies in Seller's warranties and representations shall be discovered by Buyer prior to the Close of Escrow, then Buyer may terminate this Agreement by delivering notice thereof to Seller and Escrow Holder on or before the Closing Date, in which case (i) the Title Company shall return the Deposit , (ii) Seller shall be responsible for payment of all costs and expenses associated with the cancellation of the escrow, (iii) Buyer shall return to Seller all Property Documents in Buyer's possession, and (iv) the respective obligations of Buyer and Seller under this Agreement shall terminate.
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Material inaccuracy. The Borrower and Guarantors agree that if any warranty and representation contained in this Amendment is incorrect or inaccurate in any material respect, that shall constitute a Default or Event of Default under the terms of the Loan Documents.
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Material inaccuracy. If at any time prior to the Closing Date or the date of any subsequent advance, the Lenders or their professional advisors shall have been apprised of or shall have determined on their own behalf that there was a material inaccuracy as at the date given in written information given by the Borrower, or other persons acting for or on behalf of the Borrower, to the Lenders or others on their behalf concerning the Borrower or the Business, the Lenders, acting reasonably, may terminate this Agreement by written notice to the Borrower, and all monies advanced hereunder, if any, prior to that time shall be repayable forthwith and the Borrower shall be required to pay all reasonable legal fees incurred by the Lenders until the date of termination
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Related to Material inaccuracy

  • Material Information As of the date hereof, as of the Closing Date and as of the Additional Closing Date, as the case may be, the sale of the Shares by such Selling Stockholder is not and will not be prompted by any material information concerning the Company which is not set forth in the Registration Statement, the Pricing Disclosure Package or the Prospectus.

  • No Material Misstatements (a) All written factual information (other than the Projections, forward looking information and information of a general economic nature or general industry nature) (the “Information”) concerning the Borrower, the Subsidiaries, the ADT Transactions and any other transactions contemplated hereby included in the Information Memorandum or otherwise prepared by or on behalf of the foregoing or their representatives and made available to any Lenders or the Administrative Agent in connection with the ADT Transactions or the other transactions contemplated hereby (to the extent such Information relates to the Target on or prior to the Closing Date, to the Borrower’s knowledge), when taken as a whole, was true and correct in all material respects, as of the date such Information was furnished to the Lenders and as of the Closing Date and did not, taken as a whole, contain any untrue statement of a material fact as of any such date or omit to state a material fact necessary in order to make the statements contained therein, taken as a whole, not materially misleading in light of the circumstances under which such statements were made (giving effect to all supplements and updates provided thereto). (b) The Projections and other forward looking information and information of a general economic nature prepared by or on behalf of the Borrower or any of its representatives and that have been made available to any Lenders or the Administrative Agent in connection with the ADT Transactions or the other transactions contemplated hereby have been prepared in good faith based upon assumptions believed by the Borrower to be reasonable as of the date thereof (it being understood that such Projections are as to future events and are not to be viewed as facts, such Projections are subject to significant uncertainties and contingencies and that actual results during the period or periods covered by any such Projections may differ significantly from the projected results, and that no assurance can be given that the projected results will be realized), as of the date such Projections and information were furnished to the Lenders. (c) As of the Eighth Amendment Agreement Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all material respects.