Knowing Misrepresentation definition
Examples of Knowing Misrepresentation in a sentence
Knowing Misrepresentation or Omission............................................................33 7.10.
Any falsity or inaccuracy in any of the underlying facts that are the subject of any representation and/or warranty made in good faith by Sellers’ to their knowledge or actual knowledge shall, except to the extent constituting a Knowing Misrepresentation, constitute an “Innocent Misrepresentation”.
In the case of (A) claims based on fraud or Knowing Misrepresentation, (B) claims under Sections 6.1(b) through Section 6.1(h), (C) claims based on a breach of any of the Fundamental Representations, the Company Shareholders shall have personal liability for all Damages incurred by the Buyer, subject to the limitations set forth in Section 6.4(c).
Subject to Section 11.12, from and after the Closing, the rights of the Parties under ARTICLE IX shall be the sole and exclusive remedy of the Parties with respect to the subject matter of ARTICLE IX (other than claims based upon fraud or, with respect to Seller, a Knowing Misrepresentation).
Knowing Misrepresentation shall mean any breach of a representation or warranty that is qualified as to Stockholders' knowledge or any knowing breach of a representation or warranty that is not qualified as to Stockholders' knowledge.