Common use of Preserve Accuracy of Representations and Warranties Clause in Contracts

Preserve Accuracy of Representations and Warranties. Each of the parties hereto shall refrain from taking any action which would render any representation or warranty made by such party herein inaccurate in any material respect as of the Closing Date. Each party shall promptly notify the other party of any lawsuit, proceeding, claim or investigation that may be threatened, brought, asserted or commenced against the notifying party involving in any way the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Forte Computer Easy Inc), Agreement and Plan of Reorganization (Aap Holdings Inc)

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Preserve Accuracy of Representations and Warranties. Each of the parties hereto shall use its reasonable best efforts to refrain from taking any action which that would render any representation or warranty made by such party herein contained in Article V or VI inaccurate in any material respect as of the Closing Date. Each party shall promptly notify the other party of any lawsuitAction that shall be instituted or threatened against such party to restrain, proceeding, claim prohibit or investigation that may be threatened, brought, asserted or commenced against otherwise challenge the notifying party involving in legality of any way the transactions transaction contemplated by this AgreementAgreement or the Ancillary Agreements.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Venture Holdings Co LLC), Asset Purchase Agreement (Venture Europe Inc)

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Preserve Accuracy of Representations and Warranties. Each of the parties Party hereto shall use its reasonable best efforts to refrain from taking any action which that would render any representation or warranty made by such party herein contained in Article V or Article VI inaccurate in any material respect as of the Closing Date. Each party Party shall promptly notify the other party of any lawsuitAction that shall be instituted or threatened against such Party to restrain, proceeding, claim prohibit or investigation that may be threatened, brought, asserted or commenced against otherwise challenge the notifying party involving in legality of any way the transactions transaction contemplated by this AgreementAgreement or the Ancillary Documents.

Appears in 1 contract

Samples: Asset Purchase Agreement

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