Common use of Notice of Untrue Representation or Warranty Clause in Contracts

Notice of Untrue Representation or Warranty. The Assignor shall notify the Assignee promptly upon any representation or warranty made by him contained in this Agreement becoming incorrect prior to Closing, and, for the purposes of this Section 5.1.5, unless otherwise specified, each representation and warranty shall be deemed to be given at and as of all times from the date of this Agreement to the Closing Date. Any such notice shall set out particulars of the untrue or incorrect representation or warranty and details of any actions being taken by the Assignor to rectify the incorrectness. No such notice shall relieve the Assignor of any liability provided for in this Agreement.

Appears in 4 contracts

Samples: Intellectual Property Assignment Agreement, Intellectual Property Assignment Agreement (Loop Industries, Inc.), Escrow Agreement (Loop Industries, Inc.)

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