{"component": "clause", "props": {"groups": [{"size": 4, "snippet": "The Confidential Private Placement Memorandum, dated June 5, 2006, relating to the offering of the Securities, including all exhibits, documents incorporated by reference and annexes thereto, as the same may be amended or supplemented, (the \u201cMemorandum\u201d), did not, as of its date, does not as of the date hereof, and will not as of the Closing Date, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.", "samples": [{"hash": "cTa8CsoGlme", "uri": "/contracts/cTa8CsoGlme#no-material-misstatement", "label": "Securities Purchase Agreement (North American Scientific Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "confidential-private-placement-memorandum", "type": "clause", "offset": [4, 45]}, {"key": "relating-to", "type": "definition", "offset": [67, 78]}, {"key": "offering-of-the-securities", "type": "clause", "offset": [83, 109]}, {"key": "documents-incorporated-by-reference", "type": "clause", "offset": [135, 170]}, {"key": "date-hereof", "type": "clause", "offset": [300, 311]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [326, 348]}, {"key": "statement-of", "type": "clause", "offset": [369, 381]}, {"key": "material-fact", "type": "clause", "offset": [384, 397]}, {"key": "in-order-to", "type": "clause", "offset": [476, 487]}, {"key": "circumstances-under", "type": "clause", "offset": [533, 552]}, {"key": "not-misleading", "type": "clause", "offset": [575, 589]}], "hash": "a0c41b0db99cad1d3de9cd8cd1aaa447", "id": 4}, {"size": 6, "snippet": "The Memorandum (excluding for purposes of this Section 4.10 the exhibits and annexes thereto and the documents incorporated by reference therein) did not, as of its date, does not as of the date hereof, and will not as of the Closing Date, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.", "samples": [{"hash": "hD3LarLJqtL", "uri": "/contracts/hD3LarLJqtL#no-material-misstatement", "label": "Securities Purchase Agreement (Babyuniverse, Inc.)", "score": 21.0, "published": true}, {"hash": "fcz0KgzdVPw", "uri": "/contracts/fcz0KgzdVPw#no-material-misstatement", "label": "Securities Purchase Agreement (Babyuniverse, Inc.)", "score": 21.0, "published": true}, {"hash": "h94e2VDbx55", "uri": "/contracts/h94e2VDbx55#no-material-misstatement", "label": "Stock Purchase Agreement (Babyuniverse, Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-memorandum", "type": "clause", "offset": [0, 14]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [26, 54]}, {"key": "exhibits-and-annexes", "type": "clause", "offset": [64, 84]}, {"key": "documents-incorporated-by-reference", "type": "clause", "offset": [101, 136]}, {"key": "date-hereof", "type": "clause", "offset": [190, 201]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [216, 238]}, {"key": "statement-of", "type": "clause", "offset": [259, 271]}, {"key": "material-fact", "type": "clause", "offset": [274, 287]}, {"key": "in-order-to", "type": "clause", "offset": [366, 377]}, {"key": "circumstances-under", "type": "clause", "offset": [423, 442]}, {"key": "not-misleading", "type": "clause", "offset": [465, 479]}], "hash": "0c0ea13de4daa5bb88fd405f5a6abbbc", "id": 1}, {"size": 5, "snippet": "At the date hereof and at the Commencement Date, each SEC Document, the Registration Statement and any post-effective amendment thereto complied or will comply in all material respects with the requirements of the Securities Act and the Rules and Regulations and did not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Company had a reasonable basis for, and made in good faith, each \u201cforward-looking statement\u201d (within the meaning of Section 27A of the Securities Act or Section 21E of the Exchange Act) contained or incorporated by reference in the SEC Documents. 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Company is not aware of any facts or circumstances that would cause the transactions contemplated by the Transaction Documents, when consummated, to violate the registration requirements under Section 5 of the Act or other federal or state securities laws or regulations.", "samples": [{"hash": "lQ7GGoVP0zv", "uri": "/contracts/lQ7GGoVP0zv#no-material-misstatement", "label": "Securities Purchase Agreement (Boston Carriers, Inc.)", "score": 27.4531143053, "published": true}, {"hash": "6Ew78pJVooe", "uri": "/contracts/6Ew78pJVooe#no-material-misstatement", "label": "Share Subscription Agreement (NewLead Holdings Ltd.)", "score": 25.1861738535, "published": true}], "snippet_links": [{"key": "no-representation-or-warranty", "type": "clause", "offset": [0, 29]}, {"key": "statement-made", "type": "clause", "offset": [39, 53]}, {"key": "company-in", "type": "clause", "offset": [57, 67]}, {"key": "public-reports", "type": "clause", "offset": [72, 86]}, {"key": "untrue-statement", "type": 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enforceability?", "What are the main risks if the clause is drafted too broadly or narrowly?", "How have courts interpreted and enforced 'No Material Misstatement' clauses in similar agreements?"], "drafting_tip": "Define 'material misstatement' precisely to avoid ambiguity; specify disclosure obligations to ensure enforceability; require written representations to provide clear evidence.", "explanation": "The No Material Misstatement clause requires that all statements, representations, and disclosures made by a party in an agreement are accurate and do not contain any significant errors or omissions. In practice, this means that the information provided\u2014such as financial statements, business conditions, or other key facts\u2014must be truthful and not misleading in any way that could affect the other party's decision-making. This clause serves to protect parties from entering into agreements based on false or incomplete information, thereby reducing the risk of disputes and ensuring transparency in the transaction."}, "json": true, "cursor": ""}}