Common use of Effect of Representations and Warranties Clause in Contracts

Effect of Representations and Warranties. It is understood that if the representations and warranties made by a party under this Article 6 are not true and accurate, the party making such representations and warranties shall indemnify and hold the other party harmless from and against any Liabilities incurred as a result.

Effect of Representations and Warranties. It is understood that if the representations and warranties made by a party under this Article 6 7 are not true and accurate, and the other party incurs damages, liabilities, costs or other expenses as a result, the party making such representations and warranties shall indemnify and hold the other party harmless from and against any Liabilities such damages, liabilities, costs or other expenses incurred as a result.