Examples of Materiality Qualifications in a sentence
Each Fundamental Representation of the Purchaser and the Guarantors contained in this Agreement shall be true and correct (without giving effect to any Materiality Qualifications contained therein) in all material respects as of the Closing Date as though made as of such date (except to the extent such representations and warranties speak as of another time, in which case such representations and warranties will be true and correct in all material respects as of such other time).
Each Fundamental Representation of the Seller contained in this Agreement shall be true and correct (without giving effect to any Materiality Qualifications contained therein) in all material respects as of the Closing Date as though made as of such date (except to the extent such representations and warranties speak as of another time, in which case such representations and warranties will be true and correct in all material respects as of such other time).
Notwithstanding any such qualification, it is the intention of the parties that the only purpose of the Materiality Qualifications and the Knowledge Qualifications is to determine whether the representations and warranties contained in this Agreement are true and correct for purposes of the parties' condition to consummate the transactions contemplated at the Closing.
For the avoidance of doubt, the disregarding of Materiality Qualifications pursuant to the preceding sentence shall only relate to the determination of the amount of Loss, not to whether there was a breach of such representation, warranty or statement.
Each Fundamental Representation of the Purchaser contained in this Agreement shall be true and correct (without giving effect to any Materiality Qualifications contained therein) in all material respects as of the Closing Date as though made as of such date (except to the extent such representations and warranties speak as of another time, in which case such representations and warranties will be true and correct in all material respects as of such other time).
Such a meeting must be convened by the Board of Directors within forty (40) calendar days if the net assets of the Company become less than two thirds of the minimum capital required by law The meeting, for which no quorum shall be required, shall decide on the dissolution by a simple majority of Shares represented at the meeting.
In this Article VI, for purposes calculating the amount of Losses directly caused by a breach of a representation or warranty, all Materiality Qualifications contained in such representations and warranties or such certificates shall be disregarded other than (i) the Material Qualifications set forth in the Sections 3.6, 3.12(a) (and the definition of “Company Contract” contained therein), and 3.32.
Notwithstanding any such qualification, for the purpose of determining whether the Buyer Group has sustained Damages, all of such representations and warranties shall be read as if such Materiality Qualifications and Knowledge Qualifications did not exist (and Section 5.10(g) will be read as if the word "notice" did not exist) and all such Damages shall be included for purposes of determining whether the threshold in section 10.6(a) was met.
The exceptions and qualifications to the representations and warranties in this Article 3 that are based upon such exceptions and qualifications not being “material” or being “in all material respects,” or not having or would or could not reasonably be expected to result in a Company Material Adverse Effect, or any similar exception or qualification (collectively, “ Materiality Qualifications ”), have not and will not, individually or in the aggregate, have a Company Material Adverse effect.
In this ARTICLE VII, for the purposes of calculating the amount of Losses directly caused thereby, all Materiality Qualifications contained in such representations and warranties or such certificates shall be disregarded.