Undisclosed Conditions definition
Undisclosed Conditions is defined in Section 2.6.3.
Undisclosed Conditions means with respect to any representation or warranty qualified by a “Material Difference” standard, a loss, liability, obligation or out-of-pocket cost to or of the Company or any of its Subsidiaries in excess of the amount of any established reserve specified on the June 30 Balance Sheet or other work papers disclosed or otherwise made available to Buyer with respect to the subject matter of such representation and warranty that would have to be disclosed in such representation and warranty in order for such representation and warranty to be true and correct as written without regard to such qualification.
Examples of Undisclosed Conditions in a sentence
Developer further hereby assumes the risk of changes in applicable laws and regulations relating to past, present and future environmental conditions on the Land (excluding Undisclosed Conditions) and the risk that adverse physical characteristics and conditions, including, without limitation, the presence of Hazardous Materials or other contaminants (excluding Undisclosed Conditions), may not have been revealed by its investigations.