Drum Acquisition Representations and Warranties Sample Clauses
The Drum Acquisition Representations and Warranties clause sets out the specific assurances and factual statements made by the seller regarding the condition, ownership, and legal status of the drum being acquired. Typically, this clause covers aspects such as the drum’s authenticity, title, absence of liens or encumbrances, and compliance with relevant laws or regulations. By including these representations and warranties, the clause helps allocate risk between the parties and ensures that the buyer receives accurate information, thereby reducing the likelihood of disputes after the transaction.
Drum Acquisition Representations and Warranties. Each of the representations made by Drum or any of its Subsidiaries or Affiliates or with respect to Drum or its Subsidiaries or its business in the Drum Merger Agreement that are material to the interests of the Lenders are accurate in all material respects (or if qualified by materiality or reference to material adverse effect, in all respects), but only to the extent that in the event of an inaccuracy with respect to, or a breach of, such representations Centuri or its Affiliates have the right to terminate their respective obligations under the Drum Merger Agreement or otherwise decline to close the Drum Acquisition.