Common use of Definition of “Knowledge Clause in Contracts

Definition of “Knowledge. For the purposes of this Agreement, the Company shall only be deemed to have “knowledge” of a particular fact or other matter, if an executive officer of the Company is actually aware of such fact or matter, or a reasonably prudent individual operating in the capacity of an executive officer of the Company could be expected to discover or otherwise become aware of such fact or matter in the ordinary course of fulfilling the responsibilities of an executive officer.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (West Coast Pictures LLC)

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Definition of “Knowledge. For the purposes of this Agreement, the Company shall only be deemed to have "knowledge" of a particular fact or other matter, if an executive officer of the Company is actually aware of such fact or matter, or a reasonably prudent individual operating in the capacity of an executive officer of the Company could be expected to discover or otherwise become aware of such fact or matter in the ordinary course of fulfilling the responsibilities of an executive officer.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Omni Energy Services Corp), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

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Definition of “Knowledge. For Except as provided in this Section, statements in this Agreement made to the purposes "knowledge" of this Agreementa person shall mean the knowledge that such person (where the person is an entity, the Company shall only be deemed to executive officers of such entity) has or should have “knowledge” after having made a reasonable inquiry of a particular fact or other matter, if an executive officer the officers and management personnel of the Company is actually aware of such who would be reasonably likely to have information relating to the fact or matter, or a reasonably prudent individual operating in the capacity of an executive officer of the Company could be expected to discover or otherwise become aware of such fact or matter in the ordinary course of fulfilling the responsibilities of an executive officerquestion.

Appears in 1 contract

Samples: Acquisition Agreement (Meteor Industries Inc)

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