Common use of Notification by Seller of Certain Matters Clause in Contracts

Notification by Seller of Certain Matters. During the period prior to the Closing Date, Seller will promptly advise Buyer in writing of (i) any material adverse change in the condition of the Purchased Assets or the Business, (ii) any notice or other communication from any third Person alleging that the consent of such third Person is or may be required in connection with the transactions contemplated by this Agreement, or (iii) any material default under any Selected Agreement or event which, with notice or lapse of time or both, would become such a default on or prior to the Closing Date and of which Seller has Knowledge.

Notification by Seller of Certain Matters. During the period prior to the Closing Date, Seller will promptly advise Buyer in writing of (i) any material adverse change in the condition of the Purchased Assets or the Business, (ii) Business or any notice event or other communication from development of which the Seller has Knowledge and which renders or is reasonably likely to render any third Person alleging that the consent representation or warranty contained in Article V inaccurate as of such third Person is or may be required in connection with the transactions contemplated by this Agreement, or (iii) any material default under any Selected Agreement or event which, with notice or lapse of time or both, would become such a default on or prior to the Closing Date and of which Seller has Knowledgein any material respect.