Common use of Duty to Advise; Duty to Update Innes Clause in Contracts

Duty to Advise; Duty to Update Innes. Street's Disclosure Schedules. Innes Street shall promptly advise Xxxxxx Bancorp of any change or event having a Material Adverse Effect on it or on Citizens Bank or that it believes would or would be reasonably likely to cause or constitute a material breach of any of its representations, warranties or covenants set forth herein. Innes Street shall update Innes Street's DISCLOSURE SCHEDULES as promptly as practicable after the occurrence of an event or fact that, if such event or fact had occurred prior to the date of this Agreement, would have been disclosed in the Innes Street DISCLOSURE SCHEDULES. The delivery of such updated Schedule shall not relieve Innes Street from any breach or violation of this Agreement and shall not have any effect for the purposes of determining the satisfaction of the condition set forth in Section 6.02(c) hereof.

Duty to Advise; Duty to Update Innes. Street's Disclosure Schedules. Innes Street shall promptly advise Xxxxxx Gxxxxx Bancorp of any change or event having a Material Adverse Effect on it or on Citizens Bank or that it believes would or would be reasonably likely to cause or constitute a material breach of any of its representations, warranties or covenants set forth herein. Innes Street shall update Innes Street's DISCLOSURE SCHEDULES as promptly as practicable after the occurrence of an event or fact that, if such event or fact had occurred prior to the date of this Agreement, would have been disclosed in the Innes Street DISCLOSURE SCHEDULES. The delivery of such updated Schedule shall not relieve Innes Street from any breach or violation of this Agreement and shall not have any effect for the purposes of determining the satisfaction of the condition set forth in Section 6.02(c) hereof.