Material Misrepresentation definition

Material Misrepresentation means the omission, concealment of facts or incorrect statements made on any application or enrollment forms by an applicant, Subscriber or Covered Dependent which, had they been known, would have affected our decision to issue this Contract, the issuance of different benefits, or the issuance of this Contract only at a higher rate.

Material Misrepresentation. – means knowingly submitting any untrue, misstated, misleading or deceptive information, or a document containing that information, or with knowledge of the concealment, suppression or omission of any information, in or from an application, permit, required record, or any other document required by the Act or this Part, that causes the Department to act differently than it would have if it had known the undisclosed or true information.

Material Misrepresentation means a pretense, promise, representation or statement of present, past or future fact that is fraudulent and that, when used or communicated, is instrumental in causing the wrongful control or transfer of property or services. The pretense may be verbal or it may be a physical act.

Examples of Material Misrepresentation in a sentence

• We have the right to change the Schedule of Premium Rates for this reason retroactive to the effective date of the Schedule of Premium Rates that was based on the Material Misrepresentation.

• We also have the right to change the Schedule of Premium Rates, retroactive to the effective date, if a Material Misrepresentation has resulted in a lower schedule of rates.

• We also have the right to change the Schedule of Premium Rates at any time if the Schedule of Premium Rates was based upon a Material Misrepresentation that resulted in the Premium rates being lower than they would have been if the Material Misrepresentation had not been made.

• We also have the right to change the Schedule of Premium Rates at any time if the Schedule of Premium Rates was based upon a Material Misrepresentation relating to health status that resulted in the Premium rates being lower than they would have been if the Material Misrepresentation had not been made.

• We reserve the right to change the Schedule of Premium Rates for this reason retroactive to the effective date of the Schedule of Premium Rates that was based on the Material Misrepresentation.

More Definitions of Material Misrepresentation

Material Misrepresentation means a pretense, promise,

Material Misrepresentation means an act of intentional hiding or fabrication of a material fact which, if known to the other party, could have terminated, or significantly altered the basis of a contract, deal, or transaction.

Material Misrepresentation means false representation concerning a material fact which, if known, would influence the Bid Process or the implementation of the Concession Agreement.

Material Misrepresentation any representation, warranty or statement made or repeated by a Chargor in any of the Borrower Transaction Documents to which it is a party is or proves to have been incorrect (in the case of a representation or warranty) or misleading (in the case of a statement) in any material respect when made or repeated where it would reasonably be expected to have a Material Adverse Effect, provided that in any case where such breach is capable of remedy, such breach is not remedied within a period of 60 days of receipt of a notification by such Chargor of a breach from the Borrower Security Trustee or (if earlier) the date on which the relevant Chargor becomes aware of that breach;

Material Misrepresentation has the meaning set forth in Section 7.2.

Material Misrepresentation means a false statement about a material matter which induced the Commissioners Court to take any specific action on an application for tax abatement as a business incentive, and without such misrepresentation, the Commissioners Court would either not have designated a reinvestment zone, or granted tax abatement as a business incentive or would have taken some action different than it actually did.

Material Misrepresentation means any representation that is untrue in any material respect. The term “Misrepresentation Cure Amount” means the cost to restore any untruth or inaccuracy in any representation or warranty of Seller to the condition represented or warranted by Seller under this Agreement, and/or the reduction in the value of the Property resulting from such untruth or inaccuracy.