Common use of Updates to Representations Clause in Contracts

Updates to Representations. Prior to Closing, Seller and Purchaser shall each promptly notify the other in writing if it becomes aware of any fact or condition that is inconsistent with any of Seller’s representations or warranties under this Agreement. Such representations and warranties shall automatically be deemed modified to reflect all information actually known to Purchaser prior to the Contract Date, including information contained in all third-party due diligence reports prepared at the direction of Purchaser.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Bureau of National Affairs Inc), Agreement of Purchase and Sale (Bureau of National Affairs Inc)

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Updates to Representations. Prior to Closing, Seller and Purchaser shall each promptly notify the other in writing if it becomes aware of any fact or condition that is inconsistent with any of Seller’s representations or warranties under this Agreement. Such representations and warranties shall automatically be deemed modified to reflect all information actually known to Purchaser prior to the Contract Date, including information contained in all third-party due diligence reports prepared at the direction of Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Aware Inc /Ma/)

Updates to Representations. Prior to Closing, Seller and Purchaser Buyer shall each promptly notify the other in writing if it becomes aware of any fact or condition that is inconsistent with any of Seller’s representations or warranties under this Agreement. Such representations and warranties shall automatically be deemed modified to reflect all information actually known to Purchaser Buyer prior to expiration of the Contract Date, including information contained in all third-party due diligence reports prepared at the direction of PurchaserDue Diligence Period.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

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Updates to Representations. Prior to Closing, Seller and Purchaser shall each promptly notify the other in writing if it becomes aware of any fact or condition that is inconsistent with any of Seller’s representations or warranties under this Agreement. Such representations and warranties shall automatically be deemed modified to reflect all information actually known to Purchaser prior to the Contract Date, including information contained in all third-party due diligence reports prepared at the direction of Purchaser or Purchaser’s Broker.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bureau of National Affairs Inc)

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