CIM Clause Samples
The CIM (Confidential Information Memorandum) clause defines the rules and obligations regarding the use and distribution of a detailed document provided to potential buyers or investors during a transaction process. This clause typically outlines what information is included in the CIM, restricts its use to evaluating the transaction, and may require recipients to maintain confidentiality and not share the document with unauthorized parties. Its core function is to protect sensitive business information disclosed during negotiations, ensuring that proprietary data is not misused or disclosed to competitors.
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CIM. To the knowledge of the Company, the CIM (as defined in Section 5.4) does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not misleading. The financial statements (together with the related notes and schedules) of PMC and its consolidated subsidiaries included in the CIM present fairly in all material respects the financial position of PMC and its consolidated subsidiaries as of the dates indicated and the results of their operations and the changes in their cash flows for the periods specified; such financial statements have been prepared in all material respects in conformity with generally accepted accounting principles in the United States applied on a consistent basis throughout the periods covered thereby.