Common use of UPDATE OF DISCLOSURE Clause in Contracts

UPDATE OF DISCLOSURE. From and after the date hereof through and including the earlier of the Closing or the termination of this Agreement, each of the Predecessor Companies shall promptly notify the other parties hereto of the occurrence of any material facts or circumstances that would have required disclosure pursuant to the representations and warranties made by such parties pursuant to the terms of this Agreement if such facts or circumstances had been known to them prior to the execution of this Agreement and of any other matters that would cause any representation or warranty to be untrue, incorrect or misleading.

Appears in 3 contracts

Samples: Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc), Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc), Plan of Reorganization and Agreement for Share Exchange Offers (Precision Auto Care Inc)

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UPDATE OF DISCLOSURE. From and after the date hereof through and including the earlier of the Closing Date or the earlier termination of this Agreement, ITS PLC and each of the Predecessor Constituent Companies shall promptly notify the other parties hereto of the occurrence of any material facts or circumstances that would have required disclosure pursuant to the representations and warranties made by such parties party pursuant to the terms of this Agreement if such facts or circumstances had been known to them it prior to the execution of this Agreement and of any other matters that would cause any representation or warranty to be untrue, incorrect or misleading.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchanges (Offshore Tool & Energy Corp)

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