Common use of Notification of Financial Liabilities Clause in Contracts

Notification of Financial Liabilities. Each of the parties will immediately notify each in accordance with Subsection 14.6, if it receives any advice or notification from its independent certified public accounts that it has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in its books, records, and accounts, any properties, assets, liabilities, revenues, or expenses. Notwithstanding any statement to the contrary in this Agreement, this covenant will survive closing and continue in full force and effect.

Notification of Financial Liabilities. Each of the parties Parties will immediately notify each the others in accordance with Subsection 14.6, if it receives any advice or notification from its independent certified public accounts chartered professional accountants that it has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in its books, records, and accounts, any properties, assets, liabilities, revenues, or expenses. Notwithstanding any statement to the contrary in this Agreement, this covenant will survive closing and continue in full force and effect.