Common use of Notice of Information Clause in Contracts

Notice of Information. Prior to delivery to the Purchaser of any of the information set out in this Article 5 or otherwise in this Agreement, Banro and the Seller shall inform the Purchaser if such information would be considered material non-public information of Banro. In such event, the Purchaser shall have the option, in its sole discretion, to (a) refuse to accept such information, or (b) require that such information be either (i) publicly disclosed within two Business Days, or (ii) where such information constitutes scientific and technical information representing a material change to the Twangiza Project, delivered at a subsequent date within 45 days, together with an updated technical report in accordance with NI 43-101, and notice of such refusal or delayed delivery will constitute a valid waiver, or partial waiver, as the case may be, of the obligation to deliver such information.

Notice of Information. Prior to delivery to the Purchaser Purchasers of any of the information set out in this Article 5 6 or otherwise in this Agreement, Banro and the Seller shall inform the Purchaser Agent if such information would be considered material non-public information of Banro. In such event, the Purchaser Agent shall have the option, in its sole discretiondiscretion on behalf of the Purchasers, to (a) refuse to accept such information, or (b) require that such information be either (i) publicly disclosed within two Business Days, or (ii) where such information constitutes scientific and technical information representing a material change to the Twangiza Project, Namoya Project delivered at a subsequent date within 45 days, days together with an updated technical report in accordance with NI 43-101, and notice of such refusal or delayed delivery will constitute a valid waiver, or partial waiver, as the case may be, of the obligation to deliver such information.

Notice of Information. Prior to delivery to the Purchaser of any of the information set out in this Article 5 6 or otherwise in this Agreement, Banro and the Seller shall inform the Purchaser if such information would be considered material non-public information of Banro. In such event, the Purchaser shall have the option, in its sole discretion, to (a) refuse to accept such information, or (b) require that such information be either (i) publicly disclosed within two Business Days, or (ii) where such information constitutes scientific and technical information representing a material change to the Twangiza Project, Project delivered at a subsequent date within 45 days, days together with an updated technical report in accordance with NI 43-101, and notice of such refusal or delayed delivery will constitute a valid waiver, or partial waiver, as the case may be, of the obligation to deliver such information.