Common use of Reliance on Warranties Clause in Contracts

Reliance on Warranties. 5.3.1 Each of the Warrantors acknowledges that the Investor is entering into this Agreement in reliance on each Warrantors’ Warranty which has also been given as a representation and with the intention of inducing the Investor to enter into this Agreement. 5.3.2 The Investor acknowledges that each of the Warrantors is entering into this Agreement in reliance on each Investor’s Warranty which has also been given as a representation and with the intention of inducing the Warrantors to enter into this Agreement.

Appears in 4 contracts

Samples: Subscription Agreement (Youdao, Inc.), Subscription Agreement (Youdao, Inc.), Subscription Agreement (Youdao, Inc.)

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Reliance on Warranties. 5.3.1 Each of the Warrantors acknowledges that each of the Investor Investors is entering into this Agreement in reliance on each Warrantors’ Warranty which has also been given as a representation and with the intention of inducing the Investor Investors to enter into this Agreement. 5.3.2 The Investor acknowledges that each of the Warrantors is entering into this Agreement in reliance on each Investor’s Warranty which has also been given as a representation and with the intention of inducing the Warrantors to enter into this Agreement.

Appears in 2 contracts

Samples: Series C Subscription Agreement (Waterdrop Inc.), Series C Subscription Agreement (Waterdrop Inc.)

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