Common use of Non-Survival of Financial Statement Representations Clause in Contracts

Non-Survival of Financial Statement Representations. Notwithstanding anything in the Stock Purchase Agreement to the contrary, the provisions of Sections 4.10, 4.13(a), 4.14(a)(iii), the first sentence of 4.14(b), 4.20 and 4.21 of the Stock Purchase Agreement shall be deleted in their entirety and shall have no further force and effect and each party hereto shall have no further liability or obligation to any other party hereto pursuant to such provision. In addition, effective as of the date of the Stock Purchase Agreement, (i) the phrase in the second sentence of Section 4.17 of the Stock Purchase Agreement which reads "... the Company has paid in all respects or accrued all amounts due thereunder to be satisfied or provided for through the date hereof ..." shall be deleted and (ii) the first sentence of Section 4.26 of the Stock Purchase Agreement is amended to add the phrase "as amended by the Amendment Agreement dated March 10, 1998" after the word "Agreement" and to delete the phrase "nor the Company Financial Statements, nor any other financial statements."

Non-Survival of Financial Statement Representations. Notwithstanding anything in the Stock Purchase Agreement to the contrary, the provisions of Sections 4.10, 4.13(a), 4.14(a)(iii), the first sentence of 4.14(b), 4.20 and 4.21 of the Stock Purchase Agreement shall be deleted in their entirety and shall have no further force and effect and each party hereto shall have no further liability or obligation to any other party hereto pursuant to such provision. In addition, effective as of the date of the Stock Purchase Agreement, (i) the phrase in the second sentence of Section 4.17 of the Stock Purchase Agreement which reads "... the Company has paid in all respects or accrued all amounts due thereunder there under to be satisfied or provided for through the date hereof ..." shall be deleted and (ii) the first sentence of Section 4.26 of the Stock Purchase Agreement is amended to add the phrase "as amended by the Amendment Agreement dated March 10, 1998" after the word "Agreement" and to delete the phrase "nor the Company Financial Statements, nor any other financial statements."