Inaccurate Statements Sample Clauses
The "Inaccurate Statements" clause addresses situations where one party makes false or misleading representations or warranties within a contract. Typically, this clause outlines the consequences if any statements made by a party are found to be untrue, such as triggering remedies like indemnification, termination rights, or damages. Its core function is to allocate risk and ensure accountability by providing recourse if a party relies on inaccurate information when entering into the agreement.
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Inaccurate Statements. Any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, with respect to all information (i) contained in the SpinCo Distribution Documents provided by RemainCo specifically for inclusion therein and set forth on Schedule 3.03(e), (ii) contained in any public filing made by SpinCo with the SEC following the Effective Time to the extent the information was provided to SpinCo by RemainCo regarding the BSI Litigation specifically for inclusion therein as contemplated elsewhere in this Agreement and (iii) provided by RemainCo to SpinCo specifically for inclusion in SpinCo’s annual, quarterly or periodic reports or other filings made with the SEC following the Effective Time.