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Bring-Down Condition
A condition in the closing of an M&A deal where the representations and warranties made at signing are confirmed as still being true at closing.
Implications
A requirement that must be satisfied before the closing of a deal, ensuring that all representations and warranties remain true up to the closing date.
Example
Example: In a real estate transaction, a bring-down condition requires that the property remains in the same condition as when the initial agreement was signed, right up to closing.
Related Terms
Different from general closing conditions, bring-down conditions specifically ensure that certain statements remain accurate until the deal is finalized.
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