Material Misrepresentation definition

Material Misrepresentation means the omission, concealment of facts or incorrect statements made on any application or enrollment forms by an applicant, Subscriber or Covered Dependent which, had they been known, would have affected our decision to issue this Contract, the issuance of different benefits, or the issuance of this Contract only at a higher rate.

Material Misrepresentation. – means knowingly submitting any untrue, misstated, misleading or deceptive information, or a document containing that information, or with knowledge of the concealment, suppression or omission of any information, in or from an application, permit, required record, or any other document required by the Act or this Part, that causes the Department to act differently than it would have if it had known the undisclosed or true information.

Material Misrepresentation means a pretense, promise, representation or statement of present, past or future fact that is fraudulent and that, when used or communicated, is instrumental in causing the wrongful control or transfer of property or services. The pretense may be verbal or it may be a physical act.

Examples of Material Misrepresentation in a sentence

• Remedies for False or Misleading Statements or Material Misrepresentation Any claim by the Contractor that is based on false or reckless statements that mislead the Authority or material misrepresentations shall entitle the Airports Authority to a full recovery of all costs incurred by the Authority in investigating, analyzing, negotiating, mediating and litigating (including attorneys’ fees) the claim.

• A "Material Misrepresentation" is an incomplete or untrue statement that caused the Company to issue coverage that it would have disapproved, had it known the truth.

• This Contract can be Rescinded or canceled if you have made a fraudulent or Material Misrepresentation.

• The Company has the right to rescind any insurance for which Evidence of Insurability was required, if:(1) you incur a claim during the first two years of coverage; and(2) the Company discovers that you made a Material Misrepresentation on your application.

• The Company has the right to rescind any insurance for which Evidence of Insurability was required, if:(1) an Insured Person incurs a claim during the first two years of coverage; and(2) the Company discovers that the Insured Person made a Material Misrepresentation on his or her application.

More Definitions of Material Misrepresentation

Material Misrepresentation means an act of intentional hiding or fabrication of a material fact which, if known to the other party, could have terminated, or significantly altered the basis of a contract, deal, or transaction.

Material Misrepresentation means a pretense, promise,

Material Misrepresentation has the meaning set forth in Section 7.2.

Material Misrepresentation or "Material Breach" means, for any party, an occurrence that shall have a material adverse effect, whether individually or in the aggregate, (a) on the business, operations, financial condition, assets and properties, liabilities or prospects of such parties, or (b) on the ability of such party to consummate the transactions contemplated hereby.

Material Misrepresentation means a false statement about a material matter which induced the Commissioners Court to take any specific action on an application for tax abatement as a business incentive, and without such misrepresentation, the Commissioners Court would either not have designated a reinvestment zone, or granted tax abatement as a business incentive or would have taken some action different than it actually did.

Material Misrepresentation means information deemed by the Company to be so relevant to the risk for which the policy was issued that the Company would not have issued the policy had such information been disclosed on the Application or Renewal Application for this insurance policy.

Material Misrepresentation any representation, warranty or statement made or repeated by a Chargor in any of the Borrower Transaction Documents to which it is a party is or proves to have been incorrect (in the case of a representation or warranty) or misleading (in the case of a statement) in any material respect when made or repeated where it would reasonably be expected to have a Material Adverse Effect, provided that in any case where such breach is capable of remedy, such breach is not remedied within a period of 60 days of receipt of a notification by such Chargor of a breach from the Borrower Security Trustee or (if earlier) the date on which the relevant Chargor becomes aware of that breach;