Best Knowledge definition

Best Knowledge means both what a Person knew as well as what the Person should have known had the Person exercised reasonable diligence. When used with respect to a Person other than a natural person, the term "Best Knowledge" shall include matters that are known to the directors and officers of the Person.

Best Knowledge have knowledge of", "have no knowledge of", "do not know of" or "to the knowledge of" and similar phrases shall mean (i) in the case of a natural person, the particular fact was known, or not known, as the context requires, to such person after diligent investigation and inquiry by such person, and (ii) in the case of an entity, the particular fact was known, or not known, as the context requires, to any stockholder, director or executive officer of such entity after diligent investigation and inquiry.

Best Knowledge means and include (a) actual knowledge of the Person, including, the actual knowledge of any of the officers or directors of the Company and the administrators of any of the facilities operated by the Company or any of its subsidiaries and (b) that knowledge which a prudent businessperson could have obtained in the management of his business after making due inquiry, and after exercising due diligence, with respect thereto.

Examples of Best Knowledge in a sentence

• Except for the foregoing, Authority represents to Developer that it is not aware of, to its Best Knowledge, and it has not received any additional or unrelated notice or communication from any governmental agency having jurisdiction over the Site, notifying it of the presence of Hazardous Materials in, on, or under the Site, or any portion thereof.

• There are no claims, disputes, actions, suits, proceedings, or investigations pending or, to the Best Knowledge of each of the Entities, threatened against or affecting any of the Entities except as listed in Schedule 3.12.

• Except as disclosed in the Environmental Reports delivered to Developer, Authority represents to Developer that it is not aware of, to its Best Knowledge, and it has not received any additional or unrelated notice or communication from any governmental agency having jurisdiction over the Site or Improvements, notifying it of the presence of Hazardous Materials in, on, or under the Site or Improvements, or any portion thereof.

• To the Best Knowledge of each of the Entities, except as otherwise disclosed in Schedule 3.9, since January 1, 2017 there has not been any occurrence, condition, or development that has adversely affected, or is likely to adversely affect, any of the Entities or their, condition (financial or otherwise), operations, affairs, or assets.

• None of the Directors of the Company nor, to the Best Knowledge of Seller, any immediate family member of such Directors or key employees of the Company, has any direct or indirect ownership interest in any firm or corporation that directly competes with the Company (except with respect to any interest in less than 5% of the stock of any corporation whose stock is publicly traded).

More Definitions of Best Knowledge

Best Knowledge means the best knowledge of those individuals listed on Schedule 5:

Best Knowledge or "to the knowledge of" and similar phrases shall mean (i) in the case of a natural person, the particular fact was known, or not known, as the context requires, to such person after reasonable investigation and inquiry by such person, and (ii) in the case of an entity, the particular fact was known, or not known, as the context requires, to any of the Stockholders listed in Exhibit 1.1, director or executive officer of such entity after reasonable investigation and inquiry by the executive officers of such entity; provided, however, that to the extent any of the representations, warranties and statements of the Company made specifically in Section 3.21 is expressly qualified to the knowledge or best knowledge of the Company, it shall mean the knowledge of any of the Stockholders listed on Exhibit 1.1, director or executive officer of the Company actually possesses without the necessity of any special inquiry as to the matters which are the subject thereof.

Best Knowledge means in the case of the Company the best knowledge of those individuals listed on Schedule 3:

Best Knowledge means and include, in the case of a specified Person, (i) actual knowledge and (ii) that knowledge which a prudent businessperson (including, in the case of an Entity, the general or managing partners, officers, directors and key employees of such Entity) should have obtained in the management of his or her business affairs after making due inquiry and exercising due diligence with respect thereto. In connection therewith, the knowledge (both actual and constructive) of any general or managing partner, director, officer or key employee of an Entity shall be deemed to be the knowledge of the Entity.

Best Knowledge of the Issuer shall mean and include (i) actual knowledge and (ii) that knowledge which a prudent businessperson would reasonably have obtained in the management of such Person’s business affairs after making due inquiry and exercising the due diligence which a prudent businessperson should have made or exercised, as applicable, with respect thereto. Actual or imputed knowledge of any director or officer or Seller shall be deemed to be knowledge of the Issuer.

Best Knowledge means, in respect of a Person, that nothing has come to the attention of that Person that gives such Person actual knowledge of the existence or absence of any material information or fact bearing on the matter.

Best Knowledge shall include matters that are known to the directors, officers and employees of the Person.