Fraud/Material Misrepresentation Sample Clauses

Fraud/Material Misrepresentation. If the Subscribing Group performs an act or practice that constitutes fraud, or makes an intentional misrepresentation of material fact under the terms of this Contract, the Subscribing Group’s coverage will be immediately terminated.
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Fraud/Material Misrepresentation. Coventry reserves the right to terminate this Group Contract if the Group performs an act or practice that constitutes fraud or intentional misrepresentation of material fact in applying for or procuring Coverage under the terms of this Agreement, by providing the Group thirty-one (31) days advance written notice. If the Group’s actions result in intentional misrepresentation of information on any enrollment form, risk appraisal form, health statement or related form that is material to Our acceptance and rating of the Group, Coventry has the right to re- rate the Group’s Coverage or terminate the Group’s Coverage retroactively to the date of the Group’s initial Effective Date. If We terminate the Group retroactively to the Group’s initial Effective Date, We will return to the Group all premium payments the Group has paid to date that are incurred subsequent to the initial Effective Date. In this case, the end result of this termination will be as though this Group Contract never existed between Coventry and the Group.
Sample 1
Fraud/Material Misrepresentation. Coventry reserves the right to take the following actions if the Group performs an act or practice that constitutes fraud or intentional misrepresentation of material fact in applying for or procuring Coverage under the terms of this Agreement: (a) termination of the Group Master Contract; (b) rescission of the Group Master Contract in cases where the act or omission would have resulted in Coventry declining to enter into the Agreement with Group; or (c) a premium rate adjustment back to the Group Effective Date if the act or omission would have resulted in an Agreement with different premium rates. Coventry will provide notice via certified or registered mail to the Group at the last-known address for any such action. In any case, no action will be initiated by Coventry after twelve months from the Group Effective Date have lapsed. If Coventry rescinds the Agreement retroactively to the initial Group Effective Date, Coventry will return to the Group all premium payments the Group has paid to date that are incurred subsequent to the initial Group Effective Date. In this case, all claims payments will be reversed and the end result of this rescission will be as though this Group Master Contract never existed between Coventry and the Group.
Sample 1

Related to Fraud/Material Misrepresentation

  • Misrepresentations Borrower or any Person acting for Borrower makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement is incorrect in any material respect when made;

  • Misrepresentation A representation (other than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated;

  • No Misrepresentation The representations and warranties of the Company contained in this Agreement, any schedule, annex or exhibit hereto and any agreement, instrument or certificate furnished by the Company to the Investors pursuant to this Agreement, do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

  • No Misrepresentations The reports and other submittals by Seller to Buyer under this Agreement are not false or misleading in any material respect.

  • fraudulent misrepresentation No party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any party who was not guilty of such fraudulent misrepresentation.

  • No Fraud or Misrepresentation To the best of the Seller’s knowledge, each Receivable that was originated by a Dealer was sold by the Dealer to the Seller and by the Seller to the Purchaser without any fraud or misrepresentation on the part of such Dealer or the Seller, respectively.

  • Material Breach of Contract In the event Contractor fails to deliver the product and services as contracted for herein, to the satisfaction of the City of Sparks or otherwise fails to perform any provisions of this Contract, the City, after providing five (5) days written notice and Contractor’s failure to cure such breach within the time specified in the notice, may without waiving any other remedy, make good the deficiencies and deduct the actual cost of providing alternative products and/or services from payment due the Contractor. Non-performance after the first notice of non-performance shall be considered a material breach of contract.

  • FALSE STATEMENTS; BREACH OF REPRESENTATIONS The Parties acknowledge that this Agreement has been negotiated, and is being executed, in reliance upon the information contained in the Application, and any supplements or amendments thereto, without which the Comptroller would not have approved this Agreement and the District would not have executed this Agreement. By signature to this Agreement, the Applicant: A. represents and warrants that all information, facts, and representations contained in the Application are true and correct to the best of its knowledge; B. agrees and acknowledges that the Application and all related attachments and schedules are included by reference in this Agreement as if fully set forth herein; and C. acknowledges that if the Applicant submitted its Application with a false statement, signs this Agreement with a false statement, or submits a report with a false statement, or it is subsequently determined that the Applicant has violated any of the representations, warranties, guarantees, certifications, or affirmations included in the Application or this Agreement, the Applicant shall have materially breached this Agreement and the Agreement shall be invalid and void except for the enforcement of the provisions required by Section 9.2 of this Agreement.

  • Disclosure; No Material Misstatements The certificates, written statements and reports, and other written information, taken as a whole, furnished by or on behalf of the Borrower or any Guarantor to the Administrative Agent and the Lenders in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or certified; provided that (a) to the extent any such certificate, statement, report, or information was based upon or constitutes a forecast or projection, the Borrower represents only that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such certificate, statement, report, or information (it being recognized by the Lenders, however, that projections as to future events are not to be viewed as facts and that results during the period(s) covered by such projections may differ from the projected results and that such differences may be material and that the Borrower makes no representation that such projections will be realized) and (b) as to statements, information and reports supplied by third parties, the Borrower represents only that it is not aware of any material misstatement or omission therein. There are no statements or conclusions in any Reserve Report which are based upon or include material misleading information or fail to take into account known material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas Properties of the Borrower and the other Credit Parties and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Borrower and the other Credit Parties do not warrant that such opinions, estimates and projections will ultimately prove to have been accurate.

  • Fraud In this Agreement, Fraud means dishonestly obtaining a benefit, or causing a loss, by deception or other means, and includes alleged, attempted, suspected or detected fraud.

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