Harbinger Acknowledgement Sample Clauses
The Harbinger Acknowledgement clause serves to confirm that a party is aware of certain information, risks, or circumstances prior to entering into an agreement. Typically, this clause requires one or both parties to acknowledge that they have been informed of, or have considered, specific facts that could affect their rights or obligations under the contract. For example, a buyer might acknowledge awareness of a property's existing defects or pending litigation. The core function of this clause is to prevent future disputes by ensuring that parties cannot later claim ignorance of material facts that were disclosed before the agreement was finalized.
Harbinger Acknowledgement. Harbinger hereby acknowledges that it has no rights under the Exchange Agreement (except to the extent it has any rights in its role as a stockholder of TerreStar), and that it shall not be entitled to any representation on the board of directors of the Company or any of its subsidiaries, including MSV, or to any information rights with respect to the Company any of its subsidiaries, including MSV, to which TerreStar or its subsidiaries would otherwise be entitled pursuant to the Exchange Agreement.