Representations False Clause Samples
The 'Representations False' clause defines the consequences if any statements or assurances made by a party in the contract are found to be untrue or misleading. Typically, this clause allows the other party to seek remedies such as termination of the agreement or damages if a representation is discovered to be false, whether intentionally or unintentionally. Its core function is to protect parties from entering into agreements based on inaccurate information, thereby allocating risk and ensuring trust in the contractual relationship.
Representations False. If any warranty, representation, or other statement made or furnished to Bank by or on behalf of Borrower or in any of the Loan Documents proves to be false or misleading in any material respect when made or furnished; or
Representations False. If any warranty, representation, or other statement made or furnished to Lender by or on behalf of Borrower or in any of the Loan Documents proves to be false or misleading in any material respect when made or furnished and is not cured after twenty (20) Business Days’ written notice from Lender; or
Representations False. If any warranty, representation, or other --------------------- statement made or furnished to Bank by or on behalf of Borrower or in any of the Loan Documents proves to be false or misleading in any respect when made or furnished if not cured within 30 days from the time Borrower has notice of the breach (but the foregoing cure period will not apply unless Borrower is reasonably capable of curing the breach within the 30-day cure period); or
Representations False. If any warranty, representation, or other statement made or furnished to Bank by or on behalf of Borrower or in any of the Loan Documents proves to be false or misleading in any respect when made or furnished; or