Purchaser’s Representations definition
Examples of Purchaser’s Representations in a sentence
The Purchaser represents and warrants to the Seller as follows (the “Purchaser’s Representations and Warranties”) as at the Signing Date and as at the Closing Date, in the latter case by reference to facts and circumstances subsisting on the Closing Date and, for this purpose, the Purchaser’s Representations and Warranties shall be deemed to be repeated on the Closing Date as if any express or implied reference in the same to the date of this Agreement was replaced by a reference to such date.
The Purchaser makes to the Seller only the Purchaser’s Representations and Warranties set out in this Paragraph 7.3.
If and to the extent any of the Purchaser’s Representations or the Purchaser’s covenants under Section 13, are breached, the liability of the Purchaser shall be determined in accordance with statutory law, with any specific claims or remedies provided for under this Agreement remaining unaffected.
Any claim by Seller or Purchaser with respect to any breach of the Seller’s Representations or the Purchaser’s Representations, respectively, shall be effective and valid only if made after Closing in writing (specifying in reasonable detail the nature of the claim and the factual and legal basis for any such claim, and the provisions of this Agreement upon which such claim is made) against the other party on or prior to the Outside Claim Date.
Purchaser’s Representations and Warranties shall be true and accurate in all material respects on the Effective Date and on the Closing Date.