Transaction Representations definition
Examples of Transaction Representations in a sentence
The Specified Representations and the Merger Transaction Representations shall be true and correct in all material respects on and as of the Closing Date (although any Specified Representation or Merger Transaction Representation which expressly relates to a given date or period shall be required only to be true and correct in all material respects as of the respective date or for the respective period, as the case may be).
The representations and warranties of the Sellers contained in section 3B (other than the Transaction Representations and Warranties, the Tax Representations and Warranties, the Employee Benefit Plan Representations and Warranties, the Environmental Representations and Warranties and the Products Liability Representations and Warranties) shall survive the Closing and continue in full force and effect until the two year anniversary of the Closing Date.
There shall be no limit on the amount of any Losses for which the Company or IMP is entitled to indemnification for the breach of any Transaction Representations and Warranties.
The Shareholders shall not be liable for any indemnity pursuant to this Section 10.1(a) (other than claims with respect to the Shareholder Transaction Representations and claims arising from Section 7.1, which shall not be subject to this limitation) until the aggregate of all Losses incurred by Buyer exceed $500,000, and then the Shareholders shall be liable for all such Losses beginning with the first dollar of such Loss.
The aggregate liability of the Seller for breaches of representations and warranties under Section 10.2(a)(i) (other than the Seller Transaction Representations, for which the limitations of this Section 10.3 shall not apply) shall not exceed $340,000,000.
The provisions for indemnity with regard to a claimed breach of the Transaction Representations shall be effective only when, and only for the amount by which, Losses for which the Seller Parties or Buyer Parties, respectively, are liable exceed $500,000.
The remaining representations and warranties of the Sellers contained in ss.3B (other than the Transaction Representations and Warranties, the Tax Representations and Warranties, the Employee Benefit Plan Representations and Warranties, the Environmental Representations and Warranties and the Products Liability Representations and Warranties) shall survive the Closing and continue in full force and effect until the two year anniversary of the Closing Date.
The representations and warranties of the Shareholder contained ss.5A, of the Seller contained in ss.ss.5B(a), (b), (c), and (d) (the "Seller Transaction Representations and Warranties"), and of the Purchaser contained in ss.4 shall survive the Closing and continue in full force and effect for a period of two (2) years.
Except for the Seller Transaction Representations and Warranties and the representations and warranties of the Seller contained in Sections 5B(j), (k), (L), (r), (s), and (v), the Seller's representations and warranties contained in Section 5B shall survive the Closing and continue in full force and effect until two (2) years after the Closing Date.
The Purchaser represents and warrants to the Seller as of the Effective Date and as of the Closing Date as follows, which representations and warranties will survive the Closing: Transaction Representations.