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

Notice and Effect of Failure to Comply with Covenants or Conditions. (a) Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the Agreement Date to the Effective Date, of any event or state of facts that 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, or (ii) result in the failure to comply with or satisfy any covenant or condition to be complied with or satisfied by any Party hereunder; provided, however, that no such notification shall affect the representations or warranties of the Parties or the conditions to the obligations of the Parties hereunder.

Appears in 3 contracts

Samples: Arrangement Agreement (Baytex Energy Corp.), Arrangement Agreement (Baytex Energy Corp.), Arrangement Agreement (Bellatrix Exploration Ltd.)

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Notice and Effect of Failure to Comply with Covenants or Conditions. (a1) Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the Agreement Date date hereof to the Effective Closing Date, of any event or state of facts that 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, or (ii) result in the failure to comply with or satisfy any covenant or condition to be complied with or satisfied by any Party hereunder; provided, however, that no such notification shall affect the representations or warranties of the Parties or the conditions to the obligations of the Parties hereunder.

Appears in 2 contracts

Samples: Acquisition Agreement, Amalgamation Agreement

Notice and Effect of Failure to Comply with Covenants or Conditions. (a) Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from the Agreement Date to the Effective Date, of any event or state of facts that 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, ; or (ii) result in the failure to comply with or satisfy any covenant or condition to be complied with or satisfied by any Party hereunder; provided, however, that no such notification shall affect the representations or warranties of the Parties or the conditions to the obligations of the Parties hereunder.

Appears in 1 contract

Samples: Arrangement Agreement (Xylem Inc.)

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Notice and Effect of Failure to Comply with Covenants or Conditions. (a) Each Party shall give prompt written notice to the other of the occurrence, or failure to occur, at any time from the Agreement Date to the Effective Date, of any event or state of facts that 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, ; or (ii) result in the failure to comply with or satisfy any covenant or condition to be complied with or satisfied by any Party hereunder; provided, however, that no such notification shall affect the representations or warranties of the Parties or the conditions to the obligations of the Parties hereunder.

Appears in 1 contract

Samples: Arrangement Agreement

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