Common use of Survival; Right to Indemnification Not Affected By Knowledge or Materiality Clause in Contracts

Survival; Right to Indemnification Not Affected By Knowledge or Materiality. (a) All representations, warranties, covenants, and obligations in this Agreement, will survive the execution of this Agreement. (b) The right of the Indemnified Party to indemnification for losses or other remedy based on breach of the representations, warranties, and/or covenants set forth in this Agreement will not be affected by the closing of the transaction contemplated by this Agreement, or any information of which the Indemnified Party may have imputed or constructive knowledge prior to the Effective Date, provided that the rights and remedies of the Indemnified Party in respect of any of the foregoing shall not extend to any event or matter which otherwise might have affected such rights and remedies as provided in any specific written waiver or release by the Indemnified Party. (c) For the purpose of determining whether there is a claim for losses under this Section and calculation of the amount of such losses, any qualification of any representation or warranty by reference to the materiality of matters stated therein, and any limitations of such representations as being to the knowledge of any person, or words to similar effect, shall be disregarded.

Appears in 8 contracts

Samples: Asset Purchase and Sale Agreement (Northsight Capital, Inc.), Asset Purchase Agreement (Environmental Science & Technologies, Inc.), Asset Purchase Agreement (Environmental Science & Technologies, Inc.)

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Survival; Right to Indemnification Not Affected By Knowledge or Materiality. (a) All representations, warranties, covenants, and obligations in this Agreement, will survive the execution of this Agreement. (b) The right of the Indemnified Party to indemnification for losses or other remedy based on breach of the representations, warranties, and/or covenants set forth in this Agreement will not be affected by the closing of the transaction contemplated by this Agreement, or any information of which the Indemnified Party may have imputed or constructive knowledge prior to the Effective Closing Date, provided that the rights and remedies of the Indemnified Party in respect of any of the foregoing shall not extend to any event or matter which otherwise might have affected such rights and remedies as provided in any specific written waiver or release by the Indemnified Party. (c) For the purpose of determining whether there is a claim for losses under this Section and calculation of the amount of such losses, any qualification of any representation or warranty by reference to the materiality of matters stated therein, and any limitations of such representations as being to the knowledge of any person, or words to similar effect, shall be disregarded.

Appears in 1 contract

Samples: Joint Venture Agreement (Northsight Capital, Inc.)

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Survival; Right to Indemnification Not Affected By Knowledge or Materiality. (a) All representations, warranties, covenants, and obligations in this Agreement, will survive the execution of this AgreementAgreement and the Closing of the transactions contemplated hereby. (b) The right of the Indemnified Party to indemnification for losses or other remedy based on breach of the representations, warranties, and/or covenants set forth in this Agreement will not be affected by the closing of the transaction contemplated by this Agreement, or any information of which the Indemnified Party may have imputed or constructive knowledge prior to the Effective Closing Date, provided that the rights and remedies of the Indemnified Party in respect of any of the foregoing shall not extend to any event or matter which otherwise might have affected such rights and remedies as provided in any specific written waiver or release by the Indemnified Party. (c) For the purpose of determining whether there is a claim for losses under this Section and calculation of the amount of such losses, any qualification of any representation or warranty by reference to the materiality of matters stated therein, and any limitations of such representations as being to the knowledge of any person, or words to similar effect, shall be disregarded.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Enviromart Companies, Inc.)

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