Common use of Notice of Problems Clause in Contracts

Notice of Problems. Each party will promptly give written notice to the other parties when any of them becomes aware of the occurrence or failure to occur, or the impending or threatened occurrence or failure to occur, of any fact or event that would cause or constitute, or would be likely to cause or constitute (a) any of its representations or warranties contained herein being untrue or incorrect in any material respect, (b) its failure to perform in any material respect any of its covenants or agreements contained herein or (c) any of the conditions to Closing set forth in Article VI it must satisfy being or becoming impossible to satisfy. No such notice shall affect the representations, warranties, covenants, agreements or conditions of the parties hereunder or their liability therefor, or prevent any party from relying on the representations and warranties contained herein.

Notice of Problems. Each party will promptly give written notice to the other parties when any of them becomes aware of the occurrence or failure to occur, or the impending or threatened occurrence or failure to occur, of any fact or event that would cause or constitute, or would be likely to cause or constitute constitute, (ai) any of its representations or warranties contained herein being or becoming untrue or incorrect in any material respectincorrect, (bii) its failure to perform in any material respect any of its covenants or agreements contained herein or (ciii) any condition to the obligation of the conditions to Closing set forth parties contained in Article VI it must satisfy Sections 6.1, 6.2 or 6.3 being or becoming impossible to satisfy. No such notice shall affect the representations, warranties, covenants, agreements or conditions of the parties hereunder or their liability thereforhereunder, or prevent any party from relying on the representations and warranties contained herein.