Examples of Specified Matters in a sentence
Whilst these particulars are prepared with all due care for the convenience of intending purchasers, the information is intended as a preliminary guide only and should not be relied upon as describing any of the Specified Matters referred to in the Regulations made under the above Act.
The Parties agree that, upon the Closing, the Specified Matters constitute Third Party Claims that have been previously notified to the Sellers and as to which the Sellers have declined their right to assume the defense of either such matter; provided, that the Buyer Indemnified Parties shall not enter into any settlement of the Specified Matters without the prior written consent of Sellers’ Representative (which consent shall not be unreasonably withheld, conditioned or delayed).
Consequently these particulars should be treated as a general guidance only and cannot be relied upon accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991.
The Parties agree that, other than a claim for Fraud, from and after the Closing, the sole and exclusive remedies of the Buyer Indemnified Parties for any Losses based upon, arising out of or otherwise in respect of the Specified Matters are the indemnification obligations of Sellers set forth in this Article IX.
Notwithstanding the above, nothing in this Article IX shall be deemed to limit in any manner the Buyer Indemnified Parties’ rights under applicable Law in the case of Fraud, whether with respect to the Specified Matters or otherwise.