Excused Violation

Example Definitions of "Excused Violation"
Excused Violation. Any violation by Buyer of any Law or breach of this Agreement or other Transaction Agreement that is based upon a condition, occurrence or cause that is essentially a continuation of any condition, occurrence or cause that existed in connection with the Business while Seller still operated the Business; provided that such violation or breach shall cease to be deemed to be an Excused Violation as of such time, if any, as Buyer receives information that should reasonably have put Buyer on notice... of such violation or breach such that Buyer's continued violation or breach thereof results from Buyer's negligence in its operation of the Business View More
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