Common use of Disclosure Schedule Update Clause in Contracts

Disclosure Schedule Update. Shelby County shall promptly supplement, amend and update, upon the occurrence of any change prior to the Effective Time, and as of the Effective Time, the Disclosure Schedule with respect to any agreements, documents, matters or events hereafter arising which, if in existence or having occurred as of the date of this Agreement, would have been required to be set forth or described in the Disclosure Schedule or this Agreement and including, without limitation, any fact which, if existing or known as of the date hereof, would have made any of the representations or warranties of Shelby County or SCSB contained herein materially incorrect, untrue or misleading.