Common use of Actual Knowledge of Seller (or Seller’s Actual Knowledge Clause in Contracts

Actual Knowledge of Seller (or Seller’s Actual Knowledge. The knowledge of any Responsible Individual of Seller, without duty of inquiry; provided that so qualifying Seller’s knowledge shall in no event give rise to any personal liability on the part of the Responsible Individual, on account of any breach of any representation and warranty of Seller herein. Actual Knowledge shall not include constructive knowledge, imputed knowledge, or knowledge Seller or such Responsible Individual do not have but could have obtained through further investigation or inquiry.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Strategic Realty Trust, Inc.), Purchase and Sale Agreement (Strategic Realty Trust, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Strategic Realty Trust, Inc.)

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Actual Knowledge of Seller (or Seller’s Actual Knowledge. The knowledge of any Responsible Individual of Seller, without duty of inquiry; provided that so qualifying Seller’s knowledge shall in no event give rise to any personal liability on the part of the Responsible Individual, on account of any breach of any representation and warranty of Seller herein. Actual Knowledge shall not include constructive knowledge, imputed knowledge, or knowledge Seller or such Responsible Individual Party do not have but could have obtained through further investigation or inquiry.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Strategic Realty Trust, Inc.), Purchase and Sale Agreement (Strategic Realty Trust, Inc.), Purchase Agreement (Rancon Realty Fund V)

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Actual Knowledge of Seller (or Seller’s Actual Knowledge. The knowledge of any Responsible Individual of Seller, without duty of inquiry; provided that so qualifying Seller’s knowledge shall in no event give rise to any personal liability on the part of the Responsible Individual, on account of any breach of any representation and warranty of Seller herein. Actual Knowledge shall not include constructive knowledge, imputed knowledge, or knowledge Seller or such Responsible Individual Party do not have but could have obtained through further investigation or inquiry.

Appears in 1 contract

Samples: Purchase Agreement (Rancon Realty Fund V)

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