Incorrect Representation Clause Samples
The Incorrect Representation clause addresses situations where one party has provided false, inaccurate, or misleading statements or assurances within a contract. In practice, this clause typically outlines the consequences if a representation or warranty made by a party is later found to be untrue, such as the right for the other party to seek remedies like damages, contract termination, or indemnification. Its core function is to protect parties from the risks associated with relying on incorrect information, ensuring accountability and providing a clear recourse if misrepresentations occur.
POPULAR SAMPLE Copied 2 times
Incorrect Representation. Any representation or warranty made by the Borrower pursuant to this Agreement or in any statement delivered or made pursuant to it is knowingly incorrect when made.
Incorrect Representation. Any representation, warranty, covenant or certification made in or pursuant to this Agreement by Borrower, or otherwise made in writing in connection with or as contemplated by this Agreement by Borrower, including, without limitation, as to Borrower’s financial condition or credit, shall be misleading, incorrect or false in any material respect as of the time made or furnished and Lender shall have provided five (5) days prior written notice to Borrower of the existence of a misleading, incorrect or false representation; or
Incorrect Representation. Without limiting subparagraph 7(A)(10)(iii), any representation or warranty made by the Borrower herein or any statement or representation made in any certificate, report, or other document delivered pursuant hereto shall prove to have been incorrect in any material respect when made or deemed made; or