Common use of Known Knowledge Clause in Contracts

Known Knowledge. Whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a phrase such as “to such Party’s Knowledge”, “Known to such Party,” or “had actual Knowledge”, the Parties intend that the only information to be attributed to such Party is information actually known to (a) the person in the case of an individual or (b) in the case of a corporation (or other business entity), a current officer or manager who devotes substantial attention to such matter during the ordinary course of his or her employment. Unless otherwise specifically provided in this Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a phrase such as “to such Party’s Knowledge”, “Known to such Party” or “had actual Knowledge”.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Stone Energy Corp)

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Known Knowledge. Whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a phrase such as "to such Party’s 's Knowledge”, “" or "Known to such Party,” or “had actual Knowledge”, " the Parties intend that the only information to be attributed to such Party is information actually known to (a) the person in the case of an individual or (b) in the case of a corporation (or other business entity), a current officer or manager employee who devotes substantial attention to matters of such matter nature during the ordinary course of his employment by such corporation or her employmentits Affiliates. Unless otherwise specifically provided in this Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a phrase such as "to such Party’s Knowledge”, “Known 's knowledge" or "known to such Party” or “had actual Knowledge”."

Appears in 1 contract

Samples: Asset Purchase Agreement (Energy Partners LTD)

Known Knowledge. Whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a phrase such as "to such Party’s 's Knowledge”, “" or "Known to such Party,” or “had actual Knowledge”, " the Parties intend that the only information to be attributed to such Party is information actually known to (a) the person in the case of an individual or (b) in the case of a corporation (or other business entity), and of its affiliates and subsidiaries, a current officer or manager employee who devotes substantial attention to matters of such matter nature during the ordinary course of his or her employment. Unless otherwise specifically provided in this Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a phrase such as "to such Party’s Knowledge”, “'s Knowledge or "Known to such Party” or “had actual Knowledge”".

Appears in 1 contract

Samples: Asset Purchase Agreement (Apache Corp)

Known Knowledge. Whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a phrase such as “to such Party’s Knowledge”, “Known to such Party,” or “had actual Knowledge”, the Parties intend that the only information to be attributed to such Party is information actually known to (a) the person in the case of an individual or (b) in the case of a corporation (or other business entity), a current officer or manager who devotes substantial attention to matters of such matter nature during the ordinary course of his or her employment. Unless otherwise specifically provided in this Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a phrase such as “to such Party’s Knowledge”, “Known to such Party” or “had actual Knowledge”.

Appears in 1 contract

Samples: Asset Purchase Agreement (W&t Offshore Inc)

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Known Knowledge. Whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a phrase such as "to such Party’s 's Knowledge”, “" or "Known to such Party,” or “had actual Knowledge”, " the Parties intend that the only information to be attributed to such Party is information actually known to (a) the person in the case of an individual or (b) in the case of a corporation (or other business entity), a current officer or manager who devotes substantial attention to such matter during the ordinary course of his or her employmentemployee. Unless otherwise specifically provided in this Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a phrase such as "to such Party’s 's Knowledge”, “" or "Known to such Party” or “had actual Knowledge”."

Appears in 1 contract

Samples: Asset Purchase Agreement (McMoran Exploration Co /De/)

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