Common use of Misstatements; Omissions Clause in Contracts

Misstatements; Omissions. Any representation or warranty confirmed or made in any Project Documents by the Borrower or in any writing provided by the Borrower in connection with the transactions contemplated by this Agreement shall be found to have been incorrect in any material respect when made or deemed to be made; provided, however, that no Event of Default shall occur if within sixty (60) days after the date on which the General Manager of the Borrower has actual notice that such incorrect statement has occurred, the Borrower shall deliver in good faith, to the Lender an Officer's Certificate stating in reasonable detail that either (i) the Borrower has eliminated any adverse effect relating to such incorrect statement or (ii) that the Borrower has taken action that it reasonably believes will eliminate the adverse effect relating to such incorrect statement within a reasonable specified time.