Limited Knowledge definition
Limited Knowledge means the actual knowledge of the executive officers of PHL, Holdings, Vaug▇▇▇ ▇▇ Buyer, as the case may be, without any obligation to investigate. For purposes of this definition, "executive officer" shall mean the two (2) highest ranking officers of the Person in question but, in the event several individuals have the same rank or title, then that individual with the longest term of service with his or her current employer shall be deemed the highest ranking among such similarly titled or ranked individuals.