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Bring-Down Certificate
A document provided at closing that reaffirms the accuracy of the representations and warranties made by the seller, ensuring no material changes have occurred.
Implications
A legal document confirming that the representations and warranties made in a contract remain true as of a later date, typically used in the closing stages of transactions.
Example
Example: During the closing of a merger, both parties sign a bring-down certificate confirming that all conditions and representations made earlier are still valid.
Related Terms
Different from a closing certificate, which may include final transaction details, a bring-down certificate specifically reaffirms earlier statements and conditions.
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