Common use of Notification of Financial Liabilities Clause in Contracts

Notification of Financial Liabilities. The Vendor will immediately notify the Purchaser in accordance with Section 10.6 hereof, if Vendor receives any advice or notification from its independent certified public accounts that Vendor has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in the books, records, and accounts of Vendor, 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. The Vendor will immediately notify the Purchaser in accordance with Section 10.6 13.2 hereof, if the Vendor receives any advice or notification from its independent certified public accounts that the Vendor has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in the books, records, and accounts of the Vendor, any properties, assets, Liabilities, revenues, or expenses. Notwithstanding any statement to the contrary in this Agreement, this covenant will survive the Closing and continue in full force and effect.