Common use of Notice and Effect of Failure to Comply with Conditions Clause in Contracts

Notice and Effect of Failure to Comply with Conditions. (a) Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the date hereof until the earlier to occur of the termination of this Agreement and the Effective Time, of any event or state of facts which occurrence or failure would, or would be likely to: (i) cause any of the representations or warranties of such Party contained herein to be untrue or inaccurate in any material respect on the date hereof or at the Effective Time; or (ii) result in the failure to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by any Party hereunder prior to the Effective Time.

Appears in 2 contracts

Samples: Arrangement Agreement (Stem Holdings, Inc.), Arrangement Agreement (Gran Tierra Energy Inc.)

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Notice and Effect of Failure to Comply with Conditions. (a) Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the date hereof until the earlier to occur of the termination of this Agreement and the Effective Time, of any event or state of facts which occurrence or failure would, or would be likely to: (i) cause any of the representations or warranties of such Party contained herein to be untrue or inaccurate in any material respect on the date hereof or at the Effective Time; , or (ii) result in the failure to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by any Party hereunder prior to the Effective Time.

Appears in 1 contract

Samples: Arrangement Agreement (PENGROWTH ENERGY Corp)

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Notice and Effect of Failure to Comply with Conditions. (a) Each Party The Company, of the first part, and Parent and CaymanCo, of the second part, shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the date hereof until the earlier to occur of the termination of this Agreement and the Effective Time, Date of any event or state of facts which occurrence or failure would, or would be likely to: , (i) cause any of the representations or warranties of such any Party contained herein to be untrue or inaccurate in any material respect on the date hereof or at the Effective Time; respect, or (ii) result in the failure to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by any Party hereunder prior hereunder; provided, however, that no such notification will affect the representations or warranties of the Parties or the conditions to the Effective Timeobligations of the Parties hereunder.

Appears in 1 contract

Samples: Arrangement Agreement (Opko Health, Inc.)

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