Common use of Notification of Breaches Clause in Contracts

Notification of Breaches. Until Closing: 12.14.1 Each Party shall notify the other Party promptly after it obtains Knowledge that any representation or warranty of such other Party contained in this Agreement is untrue in any material respect or can reasonably be expected to be untrue in any material respect as of the Closing Date or that any covenant or agreement to be performed or observed by such other Party prior to or on the Closing Date has not been so performed or observed in any material respect. 12.14.2 If any representation or warranty of either Party is untrue or shall become untrue in any material respect between the Signing Date and the Closing Date, or if any of either Party’s covenants to be performed or observed prior to or on the Closing Date shall not have been so performed or observed in any material respect, but if such breach of representation, warranty or covenant shall (if curable) be cured by the Closing, then such breach shall be considered not to have occurred for all purposes of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

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Notification of Breaches. Until the Closing: 12.14.1 (a) Each Party shall notify the other Party promptly after it obtains Knowledge that any representation or warranty of such other Party contained in this Agreement is untrue in any material respect or can reasonably be expected to be untrue in any material respect as of the Closing Date or that any covenant or agreement to be performed or observed by such other Party prior to or on the Closing Date has not been so performed or observed in any material respect. 12.14.2 (b) If any representation or warranty of either Party is untrue or shall become untrue in any material respect between the Signing Date and the Closing Date, or if any of either Party’s covenants to be performed or observed prior to or on the Closing Date shall not have been so performed or observed in any material respect, but if such breach of representation, warranty or covenant shall (if curable) be cured by the Closing, then such breach shall be considered not to have occurred for all purposes of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Eagle Rock Energy Partners L P), Purchase and Sale Agreement (Linn Energy, LLC)

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Notification of Breaches. Until the Closing: 12.14.1 (a) Each Party shall notify the other Party promptly after it obtains Knowledge that (i) any representation or warranty of such other Party contained in this Agreement is untrue in any material respect or can reasonably be expected to be untrue in any material respect as of the Closing Date or that (ii) any covenant or agreement to be performed or observed by such other Party prior to or on the Closing Date has not been so timely performed or observed in any material respect. 12.14.2 (b) If any representation or warranty of either Party is untrue untrue, or shall become untrue untrue, in any material respect between the Signing Date and the Closing Date, or if any of either Party’s covenants covenant to be performed or observed prior to or on the Closing Date by either Party shall not have been so performed or observed in any material respect, but if such breach of representation, warranty or covenant shall is (if curable) be cured by the ClosingClosing or earlier termination of this Agreement at no cost to the non-breaching Party, then such breach shall be considered not to have occurred for all purposes of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Plains Exploration & Production Co)

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