Incorrect declaration Sample Clauses
The "Incorrect declaration" clause defines the consequences and procedures that apply when a party makes a false, inaccurate, or misleading statement within a contract. Typically, this clause outlines the steps the non-breaching party can take, such as seeking remedies, damages, or even terminating the agreement if a declaration is found to be incorrect. Its core practical function is to protect parties from the risks associated with relying on inaccurate information, ensuring accountability and promoting honesty in contractual dealings.
Incorrect declaration. If Recupel notes that the Co-contractor submitted an incorrect declaration and the Co-contractor has not had it corrected according to the possibilities mentioned in article 7.a. of this Entry Agreement, Recupel reserves the right to have this declaration rectified in one of the following ways:
(a) correction in the declaration portal by ▇▇▇▇▇▇▇;
(b) the execution of an audit as stipulated in article 6 of this Entry Agreement. Recupel can, as a result of this rectification, draw up an invoice to which the provisions of article 4.d. of the present Entry Agreement apply.
Incorrect declaration. A declaration by the Borrower in this Agreement that is, or is later to be found incorrect is a default and entitles the Lender to exercise its right to serve and register a prior notice of the exercise of hypothecary rights or to file a personal action.