Common use of Supplement to Disclosure Schedules Clause in Contracts

Supplement to Disclosure Schedules. In the event that a Seller becomes aware of any fact or condition occurring after the date hereof that would require a change to any Disclosure Schedule such Seller may deliver a supplement to the Disclosure Schedules specifying the change. Buyer shall promptly determine prior to Closing whether it desires to terminate the Agreement under Article VIII hereof or proceed to Closing with such changed Disclosure Schedules. In the event that Buyer proceeds to Closing without terminating the Agreement, Buyer shall be deemed to have waived its right to recover Damages from Sellers resulting from such change.

Appears in 3 contracts

Samples: Asset Purchase Agreement (AuraSound, Inc.), Asset Purchase Agreement (AuraSound, Inc.), Asset Purchase Agreement (AuraSound, Inc.)

AutoNDA by SimpleDocs

Supplement to Disclosure Schedules. In the event that a any Seller becomes aware of any fact or condition occurring after the date hereof that would require a change to any Disclosure Schedule such Seller (if the Disclosure Schedules were dated as of the fact or condition) the Sellers may deliver a supplement to the Disclosure Schedules specifying the change. The Buyer shall promptly determine prior to Closing whether it desires to terminate the Agreement under Article VIII 8 hereof or proceed to Closing with such changed Disclosure Schedules. In the event that the Buyer proceeds to Closing without terminating the Agreement, the Buyer shall be deemed to have waived its right to recover Damages from the Sellers resulting from such change.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imation Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.