Common use of Representations and Warranties of INX Clause in Contracts

Representations and Warranties of INX. INX hereby represents and warrants to Valdy and the INX Securityholders as set forth below in this Section 3.2, and acknowledges that Valdy and the INX Securityholders are relying upon the accuracy of each of such representations and warranties in connection with the Securities Exchange and the completion of the other transactions hereunder. Notwithstanding the foregoing, Valdy and the INX Securityholders acknowledge that, except for the representations of INX made in Subsections 3.2(2), 3.2(3), and 3.2(13)(a) through 3.2(13)(c), all the representations and warranties made by INX in this Agreement are true and correct as of the date of the Initial Agreement and INX has not updated its representations and warranties to be accurate as of the date hereof.