Common use of Update of Information Clause in Contracts

Update of Information. If, prior to the Closing Time, any event shall occur or condition shall exist (i) which would, singly or in the aggregate, result in a Material Adverse Effect or (ii) as a result of which the Disclosure Information would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered to a Winning Bidder, the Company will promptly give the Winning Bidder(s), the Placement Agents and the Selling Shareholder written notice of such event or condition and effects therefrom, as well as copies of any related documentation.

Update of Information. If, prior to the Closing Time, any event shall occur or condition shall exist (i) which would, singly or in the aggregate, result in a Material Adverse Effect or (ii) as a result of which the Disclosure Information would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered to a Winning Bidder, the Company Bank will promptly give the Winning Bidder(s), the Placement Agents and the Selling Shareholder written notice of such event or condition and effects therefrom, as well as copies of any related documentation.