Common use of Notification; Updates to Disclosure Schedules Clause in Contracts

Notification; Updates to Disclosure Schedules. (a) Between the Effective Date and the Closing Date, AIDEA will notify IGU in writing within five days after AIDEA or any of the Acquired Companies has Knowledge of: (1) a fact or condition that causes or constitutes a breach of any of AIDEA’s representations and warranties in Article 3, or would have constituted a breach of such representations and warranties if the fact or condition had existed at the time this Agreement was made; or (2) the occurrence of any event that may make the satisfaction of the conditions to Closing impossible or unlikely.

Appears in 3 contracts

Samples: LLC Membership Purchase and Sale Agreement, LLC Membership Purchase and Sale Agreement, LLC Membership Purchase and Sale Agreement

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Notification; Updates to Disclosure Schedules. (a) Between the Effective Date and the Closing Date, AIDEA XXXXX will notify IGU in writing within five days after AIDEA or any of the Acquired Companies has Knowledge of: (1) a fact or condition that causes or constitutes a breach of any of AIDEAXXXXX’s representations and warranties in Article 3, or would have constituted a breach of such representations and warranties if the fact or condition had existed at the time this Agreement was made; or (2) the occurrence of any event that may make the satisfaction of the conditions to Closing impossible or unlikely.

Appears in 1 contract

Samples: LLC Membership Purchase and Sale Agreement

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