Notification of Certain Matters. The STOCKHOLDERS and the COMPANY shall give prompt notice to PARENT of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such notice.
Appears in 6 contracts
Sources: Merger Agreement (Nationwide Staffing Inc), Merger Agreement (Nationwide Staffing Inc), Merger Agreement (Nationwide Staffing Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Each party hereto shall give prompt written notice to PARENT of (i) the occurrence or non-occurrence other parties of any formal notice or other communication received by such party from any Governmental Authority relating to this Agreement or the transactions contemplated hereby, or from any Person providing a written notice that the consent of such Person is required in connection with the transactions contemplated hereby.
(b) Prior to the Closing, each party hereto shall give prompt written notice (a “Supplemental Disclosure”) to the other parties of any condition, event or circumstance hereafter arising that would cause, or reasonably be expected to cause, any representation or warranty made by such party in this Agreement to fail to be true and correct as of the occurrence Closing as if made again at that time (except to the extent that any representation or non-occurrence warranty speaks as of which would an earlier date). Any Supplemental Disclosure shall be likely deemed to cause cure any breach or inaccuracy of any representation or warranty of the COMPANY or the STOCKHOLDERS disclosing party contained herein to be untrue or inaccurate in any material respect at or prior this Agreement (solely to the Closing Date extent such breach or inaccuracy arises from a condition, event or circumstance arising after the Funding and Consummation Date and (iidate of this Agreement), including for purposes of determining whether or not the conditions set forth in Section 3.01(b)(i) or Section 3.01(c)(i) have been satisfied. No party hereto shall be entitled to assert any material failure of any STOCKHOLDER condition, event or circumstance described in a Supplemental Disclosure as a basis for claiming that the COMPANY conditions set forth in Section 3.01(b)(i) or Section 3.01(c)(i) have not been satisfied, even if such Supplemental Disclosure has, or would reasonably be expected to comply with or satisfy any covenanthave, condition or agreement to be complied with or satisfied by such person hereundera Material Adverse Effect. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 Any Supplemental Disclosure shall not be deemed to (i) modify the representations or warranties hereunder cure any breach of any partyagreement or covenant of the disclosing party contained in this Agreement.
(c) Prior to the Closing, which modification may only be made pursuant each party hereto shall give prompt written notice to Section 7.8the other parties of any breach or violation by such party of any covenant or agreement in this Agreement, (ii) modify or of the occurrence of any other event that makes the satisfaction of the conditions set forth in Sections 8 and 9, Article III impossible or (iii) unlikely. Any such notice by a party with respect to its breach or violation of any covenant or agreement hereunder shall not limit or otherwise affect the remedies available hereunder to any party receiving such noticethe other parties hereto.
Appears in 4 contracts
Sources: Contribution and Sale Agreement (Five Point Holdings, LLC), Contribution and Sale Agreement (Lennar Corp /New/), Contribution and Sale Agreement (Lennar Corp /New/)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Seller shall give prompt notice to PARENT Purchaser of Seller’s Knowledge prior to the Closing of: (ia) any representation or warranty contained in Article III being untrue or inaccurate in any material respect when made, (b) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which development that would cause (or could reasonably be likely expected to cause cause) any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article III to be untrue or inaccurate in any material respect at or prior to on the Closing Date or the Funding and Consummation Date and Date, (iic) any material failure of any STOCKHOLDER or the COMPANY Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person Seller hereunder, and/or (d) any representation and warranty contained in Article IV being or becoming untrue or inaccurate in any material respect when made or as of a later date. PARENT and the ACQUISITION CORP. Purchaser shall give prompt notice to Seller of Purchaser’s Knowledge prior to the COMPANY of Closing of: (iw) any representation or warranty contained in Article IV being untrue or inaccurate in any material respect when made, (x) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which development that would cause (or could reasonably be likely expected to cause cause) any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article IV to be untrue or inaccurate in any material respect at or prior to on the Closing Date or the Funding and Consummation Date and Date, (iiy) any material failure of PARENT or such ACQUISITION CORP. Purchaser to comply with or satisfy any covenant, condition condition, or agreement to be complied with or satisfied by it hereunder, and/or (z) any representation and warranty contained in Article III being or becoming untrue or inaccurate in any material respect when made or as of a later date. The delivery of No disclosure by any notice Party pursuant to this Section 7.7 6.5, however, shall not be deemed to amend or supplement the Schedules hereto or to prevent or cure any misrepresentation, breach of warranty, or breach of covenant. Neither Party shall be entitled to make a claim under this Agreement (i) modify the representations or warranties hereunder of any party, which modification may only be made including pursuant to Section 7.8, (iiArticle X) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder with respect to any party receiving matter for which such noticeParty fails to provide a notice in accordance with clause (d) or clause (z) of this Section 6.5 (as applicable).
Appears in 4 contracts
Sources: Purchase and Sale Agreement (Alpha Energy Inc), Purchase and Sale Agreement (Alpha Energy Inc), Purchase and Sale Agreement (Rangeford Resources, Inc.)
Notification of Certain Matters. The STOCKHOLDERS (a) Parent and the COMPANY Company shall give prompt notice in writing to PARENT the other of (i) the occurrence or non-occurrence of any fact or event the occurrence or non-occurrence of which would be reasonably likely to (i) cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein made by such party in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Effective Time or the Funding and Consummation Date and (ii) cause any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition covenant or agreement made by such party under this Agreement not to be complied with or satisfied by in any material respect; provided, however, that no such person notification shall affect the representations or warranties of any party or the conditions to the obligations of any party hereunder. PARENT .
(b) Each of the Company, Parent and the ACQUISITION CORP. Purchaser shall give prompt notice in writing to the COMPANY other parties hereto of any notice or other communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement.
(ic) The Company shall give prompt notice in writing to Parent of any act, omission to act, event or occurrence which, with the passage of time or otherwise, would be reasonably expected to have a Material Adverse Effect on the Company; provided, however, that no such notification shall affect the representations or warranties of any party or the conditions to the obligations of any party hereunder.
(d) The failure by the Company to provide timely notice of the occurrence or non-occurrence of any event particular fact, event, act, omission to act, event, occurrence, liability or communication relating to the occurrence possible untruth or non-occurrence inaccuracy of which would be likely to cause any representation or warranty of PARENT the Company in this Agreement or such ACQUISITION CORP. contained herein the possible non-compliance by the Company with any covenant or obligation of the Company under this Agreement shall not constitute a failure to be untrue or inaccurate in any material respect at or prior satisfy the condition to the Closing Date Offer set forth in clause (iii)(f) of Annex I, or a basis for the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Parent to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to terminate this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made Agreement pursuant to Section 7.8, (ii7.1((c))((iv)) modify unless the conditions set forth in Sections 8 and 9, matter or matters as to which notice was not timely sent would constitute or indicate a failure to satisfy clauses (iii) limit (c) or otherwise affect (e) of Annex I, or constitute a material breach by the remedies available hereunder to any party receiving such noticeCompany of a covenant or obligation under this Agreement other than this Section 5.8.
Appears in 3 contracts
Sources: Merger Agreement (Cybermedia Inc), Merger Agreement (Networks Associates Inc/), Merger Agreement (Networks Associates Inc/)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Seller shall give prompt notice to PARENT Purchaser of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence of which that would be likely to cause either (A) any representation or warranty of Seller contained in this Agreement, or in connection with the COMPANY or the STOCKHOLDERS contained herein transactions contemplated hereunder, to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Date, or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect;
(ii) any material failure of Seller, or any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; or
(iii) any proposal together with the terms thereof, however communicated and in whatever form transmitted, regarding (A) any merger of Seller into or with another Person, (B) any purchase or sale of any material portion of its Assets or the equity interest in Seller, (C) any other similar business combination or transaction involving Seller or any Affiliate of Seller, or (D) any other indication of interest on the part of any Person with respect to any of the foregoing.
(b) Purchaser shall give prompt notice to the Seller of the following:
(i) the occurrence or nonoccurrence of any event that would be likely to cause any representation or warranty of Purchaser contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing Date; or
(ii) any material failure of Purchaser, or any officer, director, employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Ruths Chris Steak House, Inc.), Asset Purchase Agreement (Ruths Chris Steak House, Inc.), Asset Purchase Agreement (Ruths Chris Steak House, Inc.)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Company shall give prompt notice to PARENT Buyer and Merger Sub of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS made by it contained herein to be in this Agreement becoming untrue or inaccurate in inaccurate, or any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy in any respect any covenant, condition or agreement to be complied with or satisfied by it under this Agreement, in each case, such person hereunder. PARENT that the conditions set forth in Section 8.2(a) or 8.2(b) could reasonably be expected to not be satisfied; provided, however, that no such notification shall affect the representations, warranties, covenants or agreements of the parties or the conditions to the obligations of the parties under this Agreement.
(b) Buyer shall give prompt notice to Company of any representation or warranty made by it or Merger Sub contained in this Agreement becoming untrue or inaccurate, or any failure of Buyer or Merger Sub to comply with or satisfy in any respect any covenant, condition or agreement to be complied with or satisfied by it under this Agreement, in each case, such that the conditions set forth in Section 8.1(a) or 8.1(b) could reasonably be expected to not be satisfied; provided, however, that no such notification shall affect the representations, warranties, covenants or agreements of the parties or the conditions to the obligations of the parties under this Agreement.
(c) The Company shall give prompt notice to Buyer and the ACQUISITION CORP. Merger Sub, and Buyer shall give prompt notice to the COMPANY Company, of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT the Company or such ACQUISITION CORP. Buyer, as the case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery set forth in Article VIII hereof or the failure of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify which would result in either a Company Material Adverse Effect or a Buyer Material Adverse Effect, as the representations case may be, or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify any notice or other communication from any third party alleging that the conditions set forth consent of such third party is or may be required in Sections 8 and 9, or (iii) limit or otherwise affect connection with the remedies available hereunder to any party receiving such noticetransactions contemplated by this Agreement.
Appears in 3 contracts
Sources: Merger Agreement (Spectrian Corp /Ca/), Merger Agreement (Spectrian Corp /Ca/), Agreement and Plan of Merger and Reorganization (Spectrian Corp /Ca/)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Purchaser shall give prompt notice to PARENT Parent and the Company of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the whose occurrence or non-occurrence of which nonoccurrence would be likely to cause either (A) any representation representation, warranty or warranty agreement of the COMPANY or the STOCKHOLDERS Purchaser contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Closing, or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect; or
(ii) any material failure of Purchaser, any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The .
(b) Parent and the Company shall give prompt notice to Purchaser of the following:
(i) the occurrence or nonoccurrence of any event whose occurrence or nonoccurrence would be likely to cause either (A) any representation or warranty of Parent or the Company contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing, or (B) directly or indirectly, any change in or effect on the business of the Company that is or will be materially adverse to the business, operations, properties (including intangible properties), condition (financial or otherwise), assets, liabilities or regulatory status of the Company, or (C) a material adverse effect upon the legality, validity, binding effect or enforceability of this Agreement, or the ability of Parent or the Company to perform its respective obligations hereunder; or
(ii) Any material failure of Parent or the Company, or any officer, director, employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify waive or release Parent, the Company or Purchaser from its covenants, representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeunder this Agreement.
Appears in 3 contracts
Sources: Agreement and Plan of Merger and Investment Agreement (MCS Inc), Agreement and Plan of Merger and Investment Agreement (Simione Central Holdings Inc), Merger Agreement (Mestek Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) From time to time prior to the Closing, the Seller, EnStructure and the COMPANY Parent shall promptly supplement or amend the Disclosure Schedule with respect to any matter arising after the date hereof that, if existing at, or occurring on, the date of this Agreement, would have been required to be set forth or described in the Disclosure Schedule. No supplement to or amendment of the Disclosure Schedule made after the date hereof pursuant to this section or otherwise shall be deemed to cure any breach of any representation, warranty or covenant made pursuant to this Agreement.
(b) The Seller, EnStructure and the Parent shall give prompt notice to PARENT the Purchaser promptly after becoming aware of (i) the occurrence or non-occurrence of any event the whose occurrence or non-occurrence of which would be likely to cause either (A) any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date or (B) any condition set forth in Article IX to be unsatisfied in any material respect at any time from the Funding and Consummation date hereof to the Closing Date and (ii) any material failure of any STOCKHOLDER the Seller or the COMPANY to comply with Parent or satisfy any covenantofficer, condition director, employee or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 section shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Infrasource Services Inc), Asset Purchase Agreement (Infrasource Services Inc), Asset Purchase Agreement (Infrasource Services Inc)
Notification of Certain Matters. The STOCKHOLDERS and the each COMPANY shall give prompt notice to PARENT VPI of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the any COMPANY or the any STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the any COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT VPI and the ACQUISITION CORP. NEWCOS shall give prompt notice to the COMPANY COMPANIES of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT VPI or such ACQUISITION CORP. the NEWCOS contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT VPI or such ACQUISITION CORP. the NEWCOS to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 that is not accompanied by a proposed amendment or supplement to a schedule pursuant to Section 7.8 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 3 contracts
Sources: Merger Agreement (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunderPerson hereunder as of such date. PARENT Parent and the ACQUISITION CORP. Newco shall give prompt notice to the COMPANY Company of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT Parent or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT Parent or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderhereunder as of such date. The delivery of any notice pursuant to this Section 7.7 9.5 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.89.6, (ii) modify the conditions set forth in Sections 8 10 and 9, 11 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Alliance Group Inc), Asset Purchase Agreement (Alliance Group Inc), Asset Purchase Agreement (Alliance Group Inc)
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence or non-occurrence of any event of which it has Knowledge, the occurrence or non-occurrence of which would be is likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Company to be untrue or inaccurate in any material respect at or prior to the Closing Date or such that the Funding and Consummation Date conditions to closing set forth in Section 7.2(a) would fail to be satisfied, and (ii) to the extent it has Knowledge thereof, any material failure of any STOCKHOLDER or by the COMPANY Company to materially comply with or materially satisfy any covenant, condition covenant or other agreement to be complied with by it hereunder such that the conditions to closing set forth in Section 7.2(b) would fail to be satisfied; provided, however, that the delivery of any notice pursuant to this Section 6.12(a) shall not limit or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. otherwise affect any remedies available to Parent.
(b) Parent shall give prompt notice to the COMPANY Company of (i) the occurrence or non-occurrence of any event of which it has Knowledge, the occurrence or non-occurrence of which would be is likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein Parent and Merger Sub to be untrue or inaccurate in any material respect at or prior to the Closing Date or such that the Funding and Consummation Date conditions to closing set forth in Section 7.3(a) would fail to be satisfied, and (ii) to the extent it has Knowledge thereof, any material failure of PARENT by Parent or such ACQUISITION CORP. Merger Sub to materially comply with or materially satisfy any covenant, condition covenant or other agreement to be complied with or satisfied by it hereunder. The them hereunder such that the conditions to closing set forth in Section 7.3(b) would fail to be satisfied; provided, however, that the delivery of any notice pursuant to this Section 7.7 6.12(b) shall not be deemed limit or otherwise affect any remedies available to the Company.
(c) The Company shall give prompt notice to Parent of (i) modify the representations any notice or warranties hereunder of other communication received by it from any third party, which modification may only be made pursuant subsequent to Section 7.8the date of this Agreement and prior to the Effective Time, alleging any material breach of or material default under any material Contract, or (ii) modify any notice or other communication received by it from any third party, subsequent to the conditions set forth date of this Agreement and prior to the Effective Time, alleging that the consent of such third party is or may be required in Sections 8 and 9connection with the transactions contemplated by this Agreement; provided, or (iiihowever, that the delivery of notice pursuant to this Section 6.12(c) shall not limit or otherwise affect the remedies available hereunder to any party receiving such noticeParent.
Appears in 3 contracts
Sources: Merger Agreement, Agreement and Plan of Merger (Pixar \Ca\), Merger Agreement (Walt Disney Co/)
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence occurrence, or non-occurrence occurrence, of which would be likely to cause (x) any representation or warranty of the COMPANY Company contained in this Agreement that is qualified as to materiality to be untrue or the STOCKHOLDERS contained herein inaccurate or any such representation or warranty that is not so qualified to be untrue or inaccurate in any material respect at or prior (y) the Company to be unable to comply in any material respect with any of its covenants or agreements contained in this Agreement or (z) any condition to the Closing Date or obligations of Parent to consummate the Funding and Consummation Date transactions contemplated by this Agreement becoming incapable of being satisfied and (ii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition covenant or agreement to be complied with by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 5.03(a) shall not limit or satisfied by such person hereunder. PARENT and otherwise affect the ACQUISITION CORP. remedies available to Parent under this Agreement.
(b) Parent shall give prompt notice to the COMPANY Company of (i) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence occurrence, or non-occurrence occurrence, of which would be likely to cause (x) any representation or warranty of PARENT Parent or Merger Sub contained in this Agreement that is qualified as to materiality to be untrue or inaccurate or any such ACQUISITION CORP. contained herein representation or warranty that is not so qualified to be untrue or inaccurate in any material respect at or prior (y) Parent or Merger Sub to be unable to comply in any material respect with any of its covenants or agreements contained in this Agreement or (z) any condition to the Closing Date or obligations of the Funding and Consummation Date Company to consummate the transactions contemplated by this Agreement becoming incapable of being satisfied and (ii) any material failure of PARENT Parent or such ACQUISITION CORP. Merger Sub to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.03(b) shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticethe Company under this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Covance Inc), Merger Agreement (Parexel International Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Target shall give prompt notice to PARENT Parent, and Parent shall give prompt notice to Target, of (ia) any notice or other communication received by such party from any Governmental Authority in connection with the Merger and the other Transactions or from any Person alleging that the consent of such Person is or may be required in connection with the Merger and the other Transactions, if the subject matter of such communication or the failure of such party to obtain such consent could be material to Target, the Surviving Company or Parent, (b) any material actions, suits, claims, investigations or proceedings commenced or, to such party’s Knowledge, threatened against, relating to or involving or otherwise affecting such party or any of its Subsidiaries which relate to the Merger and the other Transactions, (c) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence or non-occurrence of which would be reasonably likely to cause (i) any representation or warranty of the COMPANY or the STOCKHOLDERS such party contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition covenant or agreement of such party contained in this Agreement not to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at respect, or prior (iii) any condition (to the Closing Date extent set forth in Article VI) to the obligation of another party to effect the Merger and the satisfaction of which requires performance or the Funding and Consummation Date nonperformance by such notifying party not to be satisfied, and (iid) any material failure of PARENT or such ACQUISITION CORP. party to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.9 shall not be deemed to (i) modify have any effect for the representations or warranties hereunder purpose of any party, which modification may only be made pursuant to Section 7.8, (ii) modify determining the satisfaction of conditions set forth in Sections 8 and 9, Article VI or (iii) otherwise limit or otherwise affect the remedies available hereunder to any party receiving such noticeparty. Subject to applicable Law regarding the sharing of information, Target shall give prompt notice of and disclose to Parent any material actions taken by its Board of Directors, or any committees thereof, provided that Target shall not be required to provide notice and disclosure (i) with respect to any action that is related to the matters described in the first sentence of Section 5.4(c) (except to the extent otherwise required by Section 5.4) or (ii) prior to the execution of any joint defense agreement that is reasonably required by Target, material information subject to the attorney-client privilege, provided that Target shall provide Parent with a log of any information withheld pursuant to this clause (ii).
Appears in 2 contracts
Sources: Merger Agreement (Geo Group Inc), Merger Agreement (Cornell Companies Inc)
Notification of Certain Matters. The STOCKHOLDERS From and after the COMPANY date of this Agreement until the earlier to occur of the termination of this Agreement or the Effective Time, each party hereto shall give prompt notice to PARENT promptly notify the other parties hereto in writing of (ia) the occurrence occurrence, or non-occurrence nonoccurrence, of any event the occurrence or non-occurrence nonoccurrence of which would be likely to cause (i) any representations or warranties made in this Agreement, or any information furnished on any Schedule in the Parent Disclosure Schedule or the Company Disclosure Schedule, not to be accurate, to a degree which would cause any condition to the obligations of any party to effect the Merger not to be satisfied, either at the time such representation or warranty is made, or such information is furnished, or at the time of the COMPANY occurrence or the STOCKHOLDERS contained herein to be untrue nonoccurrence of such event, or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material condition to the obligations of any party to effect the Merger not to be satisfied, including, without limitation, the failure of any STOCKHOLDER the Company to satisfy the condition specified in Section 9.02(c), or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (ib) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT the Company or such ACQUISITION CORP. Parent, as the case be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The pursuant to this Agreement which would be likely to result in any condition to the obligations of any party to effect the Merger not be satisfied; provided, however, that the delivery of any notice pursuant to this Section 7.7 7.03 shall not be deemed to (i) modify be an amendment of this Agreement or any Schedule in the representations Parent Disclosure Schedule or warranties hereunder the Company Disclosure Schedule and shall not cure any breach of any party, which modification may only be made representation or warranty requiring disclosure of such matter prior to the date of this Agreement. No delivery of any notice pursuant to this Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) 7.03 shall limit or otherwise affect the remedies available hereunder to any the party receiving such notice, including the rights of Parent under Section 9.02(a) and the rights of the Company under Section 9.03(a), in the event that a representation or warranty made by the Company or Parent herein shall not be true and correct as of the date hereof and as of the Effective Time.
Appears in 2 contracts
Sources: Merger Agreement (Dycom Industries Inc), Merger Agreement (Dycom Industries Inc)
Notification of Certain Matters. The STOCKHOLDERS From after the date hereof and until the COMPANY earlier to occur of the Closing Date or the termination of this Agreement, Parent shall give prompt notice to PARENT the Company and the Company shall give prompt notice to Parent, as the case may be, of (i) the occurrence, or failure to occur, of any event, which occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be failure to occur is reasonably likely to cause (a)(i) any representation or warranty of the COMPANY such party contained in this Agreement that is qualified as to “materiality”, “Company Material Adverse Effect” or the STOCKHOLDERS “Parent Material Adverse Effect” to be untrue or inaccurate in any respect or (ii) any other representation or warranty of such party contained herein in this Agreement to be untrue or inaccurate in any material respect respect, in each case at any time from and after the date of this Agreement until the Offer Closing or prior to the Closing Date or the Funding and Consummation Date and (iib) any material failure of any STOCKHOLDER Parent and Purchaser or the COMPANY to comply with or satisfy any covenantCompany, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and as the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderunder this Agreement. The In addition, from after the date hereof and until the earlier to occur of the Closing Date or the termination of this Agreement, Parent shall give prompt notice to the Company and the Company shall give prompt notice to Parent, as the case may be, of any change or event having, or which is reasonably likely to have, a Company Material Adverse Effect or Parent Material Adverse Effect, as the case may be, or which would be reasonably likely to result in the failure of the Offer Conditions or any of the conditions set forth in Section 7.1 to be satisfied. Notwithstanding the above, the delivery of any notice pursuant to this Section 7.7 shall 6.3 will not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the representations, warranties, covenants or agreements of the parties, the remedies available hereunder to any the party receiving such noticenotice or the conditions to such party’s obligation to consummate the Offer or the Merger. This Section 6.3 shall not constitute a covenant, agreement or obligation of the Company or Parent or the Purchaser, as the case may be, for purposes of Section 8.1(c)(i), Section 8.1(d)(i) or clause (v) of Exhibit A, as the case may be.
Appears in 2 contracts
Sources: Merger Agreement (Bank Jos a Clothiers Inc /De/), Merger Agreement (Mens Wearhouse Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT of Parent and Purchaser and Parent and Purchaser shall give prompt notice to the Company, of: (ia) the occurrence or non-occurrence of any fact or event the whose occurrence or non-occurrence of which occurrence, as the case may be, would be reasonably likely to cause either: (i) any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Effective Time as if such representation or warranty was made at such time (except to the Funding and Consummation Date extent such representation or warranty refers to a specific date); or (ii) any condition or requirement set forth in Annex I to be unsatisfied at any time from the date hereof to the Appointment Time as if such condition or required was required to be satisfied at such time (except to the extent it refers to a specific date); and (iib) any material failure of the Company, Purchaser or Parent, as the case may be, or any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 6.1 shall not be deemed (except to (ithe extent that the failure to deliver such notice, standing alone, would otherwise constitute a breach of this Agreement) modify the representations prevent or warranties hereunder cure any breach of any partythis Agreement, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice, the representations or warranties of the parties or the conditions to the obligations of the parties hereto. Each of the Company, Parent and Purchaser shall give prompt notice to the other parties hereof of any notice or other communications from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement. Without limiting the foregoing, the Company shall promptly inform Parent if at any time prior to the Closing any event relating to the Company or any of its Affiliates, officers or directors should be discovered by the Company which should be set forth in an amendment to the Schedule TO or a supplement to the Offer Documents or the Proxy Statement.
Appears in 2 contracts
Sources: Merger Agreement (Teradyne, Inc), Merger Agreement (Nextest Systems Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Seller shall promptly (and, in any event, within two (2) Business Days) give prompt notice to PARENT Buyer of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would or would be reasonably likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Seller contained herein to be untrue or inaccurate in any material respect at any time at or prior to the Closing Date Closing, or the Funding and Consummation Date and which would constitute a Seller Material Adverse Change, (ii) any event which would reasonably be expected to cause any of the conditions in Article VI not to be fulfilled, or (iii) any material failure of any STOCKHOLDER or the COMPANY Seller to comply with or satisfy in a timely manner any covenant, condition or agreement to be complied with or satisfied by such person Seller hereunder. PARENT and the ACQUISITION CORP. .
(b) Buyer shall promptly (and, in any event, within two (2) Business Days) give prompt notice to the COMPANY Seller of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would or would be reasonably likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. Buyer contained herein to be untrue or inaccurate in any material respect at any time at or prior to the Closing Date Closing, or the Funding and Consummation Date and which would constitute a Buyer Material Adverse Change, (ii) any event which would reasonably be expected to cause any of the conditions in Article VI not to be fulfilled, or (iii) any material failure of PARENT or such ACQUISITION CORP. Buyer to comply with or satisfy in a timely manner any covenant, condition or agreement to be complied with or satisfied by it Buyer hereunder. The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such notice.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Peizer Terren S), Asset Purchase Agreement (Biovie Inc.)
Notification of Certain Matters. The STOCKHOLDERS Between the date hereof and the COMPANY earlier of the Closing and the termination of this Agreement, the Company and the Seller shall give prompt written notice to PARENT Purchaser of (i) the occurrence or non-occurrence of any event fact, event, circumstance or condition that has resulted or would reasonably be expected to result in the occurrence or non-occurrence nonfulfillment of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein conditions to be untrue or inaccurate Purchaser’s obligations hereunder as set forth in any material respect at or prior to the Closing Date or the Funding Section 8.01 and Consummation Date and Section 8.03, (ii) any material failure of any STOCKHOLDER or the COMPANY such party to comply with or satisfy in a timely manner any covenant, condition or agreement to be complied with or satisfied by such party hereunder, (iii) any written notice from any Person alleging that the consent of such person hereunder. PARENT is required in connection with any of the transactions contemplated under this Agreement, (iv) any Action initiated by or against any of the Company, its Subsidiaries or any of their officers, directors, employees or stockholders in their capacity as such (and the ACQUISITION CORP. shall give prompt notice to the COMPANY thereafter, notify Purchaser of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate ongoing material developments in any material respect at or prior to such Action and consult in good faith with Purchaser regarding the Closing Date or conduct of the Funding and Consummation Date defense thereof (without such consultation unreasonably delaying the course of action of the Company)), and (iiv) any material failure of PARENT notice or such ACQUISITION CORP. to comply other communication from any Governmental Authority in connection with or satisfy any covenant, condition or agreement to be complied with or satisfied the transactions contemplated by it hereunderthis Agreement. The delivery of any notice pursuant to this Section 7.7 6.15 shall not be deemed to (iA) modify the representations representations, warranties, covenants or warranties agreements hereunder of the Company, the Seller or the Company Disclosure Letter, or (B) cure, waive or prevent any partymisrepresentation, which modification may only be made pursuant to Section 7.8inaccuracy, (ii) modify the conditions untruth or breach of any representation, warranty, covenant or agreement set forth in Sections 8 and 9, this Agreement or (iii) limit or otherwise affect the remedies available hereunder failure to satisfy any party receiving such noticecondition set forth in Section 8.03.
Appears in 2 contracts
Sources: Share Purchase Agreement (Outbrain Inc.), Share Purchase Agreement (Outbrain Inc.)
Notification of Certain Matters. The STOCKHOLDERS and (a) During the COMPANY period prior to Closing or any earlier termination of this Agreement in accordance with Article VIII, the Company shall give prompt notice to PARENT promptly notify Parent in writing of any of (i) any event, condition, fact or circumstance that occurs, arises or exists after the occurrence date of this Agreement and that would or non-occurrence of any event the occurrence or non-occurrence of which would reasonably could be likely expected to cause or constitute a material inaccuracy in any representation or warranty made by the Company in this Agreement, and/or (ii) any material breach of any covenant, obligation or other agreement of the COMPANY Company in this Agreement, in each case (of any of the foregoing clauses (i) and (ii)) that would make the timely satisfaction of any condition set forth in Article VII impossible or reasonably unlikely or that has had or could reasonably be expected to have a Material Adverse Effect. No notification given to Parent pursuant to this Section 6.4 shall limit or otherwise affect any of the STOCKHOLDERS representations, warranties, covenants or obligations of the Company contained herein in this Agreement.
(b) During the period prior to be Closing or any earlier termination of this Agreement in accordance with Article VIII, Parent shall promptly notify the Company in writing of any of (i) any representation or warranty made by Parent in this Agreement becoming untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date inaccurate, and (ii) any material failure breach of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition obligation or other agreement to be complied with of Parent or satisfied by such person hereunder. PARENT and Merger Sub in this Agreement, in each case (of any of the ACQUISITION CORP. shall give prompt notice to the COMPANY of foregoing clauses (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii)) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery that would make the timely satisfaction of any notice condition set forth in Article VII impossible or reasonably unlikely. No notification given to the Company pursuant to this Section 7.7 6.4 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect any of the remedies available hereunder to any party receiving such noticerepresentations, warranties, covenants or obligations of Parent or Merger Sub contained in this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Meade Instruments Corp), Merger Agreement (Meade Instruments Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall use its commercially reasonable efforts to give prompt notice to PARENT Parent to the extent that it acquires actual knowledge of (i) the occurrence or non-occurrence of any fact or event whose occurrence or non-occurrence, as the case may be, reasonably would be likely to cause any Offer Condition to fail to be satisfied at any time from the date of this Agreement to the Acceptance Time (except to the extent any Offer Condition refers to a specific date), (ii) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation or warranty of the Company contained in this Agreement to be untrue or inaccurate in any material respect as of the date hereof or as of the Closing Date and (iii) any failure of the Company to comply with or timely satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. Parent shall use its commercially reasonable efforts to give prompt notice to Company to the extent that it acquires actual knowledge of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Parent contained herein in this Agreement to be untrue or inaccurate in any material respect at as of the date hereof or prior to as of the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER Parent or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Purchaser to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 6.9 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 2 contracts
Sources: Merger Agreement (Amazon Com Inc), Merger Agreement (Audible Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Seller shall give prompt notice to PARENT Buyers of (i) any matter hereafter arising or discovered which, if existing or known at the date of this Agreement, would have been required to be set forth or described in the Disclosure Schedule, (ii) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would reasonably be expected to cause any representation or warranty contained in Article II to be untrue or inaccurate at or prior to the Closing, and (iii) any failure of Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by Seller hereunder. The delivery of any notice pursuant to this Section 4.7 shall not be deemed to (a) modify the representations or warranties hereunder of the Party delivering such notice, (b) modify the conditions set forth in Section 5.1 or (c) limit or otherwise affect the remedies available hereunder to Buyers.
(b) Buyers shall give prompt notice to Seller of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article III to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Buyers to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it Buyers hereunder. The delivery of any notice pursuant to this Section 7.7 4.7 shall not be deemed to (ia) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the party delivering such notice, (iib) modify the conditions set forth in Sections 8 and 9, Section 5.2 or (iiic) limit or otherwise affect the remedies available hereunder to any party receiving such noticeSeller.
Appears in 2 contracts
Sources: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement (Ariba Inc)
Notification of Certain Matters. The STOCKHOLDERS From and after the COMPANY date of this Agreement until the Effective Time, each of the Parties hereto shall give prompt notice to PARENT of promptly notify the other Parties hereto of:
(ia) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence or non-occurrence of which would be reasonably likely to cause any (i) representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in this Agreement to be (x) in the case of any such representation or warranty qualified by any materiality qualifier (including Company Material Adverse Effect), untrue or inaccurate or (y) in the case of any other such representation of warranty, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material covenant or any condition to the obligations of any of the Parties to consummate the Transactions not to be complied with or satisfied;
(b) the failure of any STOCKHOLDER or of the COMPANY Parties hereto to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The pursuant to this Agreement;
(c) the receipt of any notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with the Transactions;
(d) the receipt of any notice or other communication from any Governmental Authority in connection with the Transactions; and
(e) any actions, suits, claims, investigations or proceedings commenced or, to the knowledge of the Party, threatened against, relating to or involving or otherwise affecting the Company, Parent or Subco, which relates to the consummation of the Transactions, in each case, to the extent such event or circumstance is or becomes known to the Party required to give such notice; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.06 shall not be deemed to (i) modify be an amendment of this Agreement or any Section in the representations or warranties hereunder Disclosure Schedule and shall not cure any breach of any party, which modification may only be made pursuant representation or warranty requiring disclosure of such matter prior to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticedate of this Agreement.
Appears in 2 contracts
Sources: Arrangement Agreement (Mdsi Mobile Data Solutions Inc /Can/), Arrangement Agreement (Mdsi Mobile Data Solutions Inc /Can/)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (ia) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Company set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Effective Time, and (iib) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person it hereunder. PARENT and the ACQUISITION CORP. Parent shall give prompt notice to the COMPANY Company of (ix) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT Parent or such ACQUISITION CORP. contained herein Merger Sub set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Effective Time, and (iiy) any material failure of PARENT Parent or such ACQUISITION CORP. Merger Sub to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.5 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect any remedies otherwise available to Parent or the remedies available hereunder Company, as applicable, or (ii) constitute an acknowledgment or admission of a breach of this Agreement. No disclosure by the Company pursuant to this Section 6.5 shall affect or be deemed to modify, amend or supplement any party receiving such noticerepresentation or warranty set forth herein, the Company Disclosure Schedule or the conditions to the obligations of the parties to consummate the transactions contemplated hereby in accordance with the terms and conditions hereof, or limit any right to indemnification provided herein.
Appears in 2 contracts
Sources: Merger Agreement (Network Appliance Inc), Merger Agreement (Planar Systems Inc)
Notification of Certain Matters. The STOCKHOLDERS Globespan and the COMPANY Virata shall give prompt notice to PARENT ------------------------------- promptly notify each other of (i) the occurrence or non-occurrence of any fact or event the occurrence or non-occurrence of which would be reasonably likely (A) to cause any representation of its representations or warranty of warranties contained in this Agreement or in the COMPANY or Exhibits, Schedules, disclosure letters and the STOCKHOLDERS contained herein other agreements and instruments delivered in connection herewith to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Effective Time or (B) to cause any of the Funding covenants, conditions or agreements to which it is subject under this Agreement or in the Exhibits, Schedules, disclosure letters and Consummation Date the other agreements and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement instruments delivered in connection herewith not to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT Globespan or such ACQUISITION CORP. Virata, as the case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder or pursuant to the Exhibits, Schedules, disclosure letters and the other agreements and instruments delivered in connection herewith in any material respect; provided, however, that no such notification shall affect the -------- ------- representations or warranties of any party or the conditions to the obligations of any party hereunder. The delivery Each of Globespan and Virata shall give prompt notice to the other party of any notice pursuant to or other communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeAgreement.
Appears in 2 contracts
Sources: Merger Agreement (Virata Corp), Agreement and Plan of Merger (Virata Corp)
Notification of Certain Matters. The STOCKHOLDERS (a) From the Agreement Date and ending at the COMPANY Transfer Time, Merck Serono shall give prompt written notice to PARENT BioMarin of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of Merck Serono contained in this Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of Merck Serono or any STOCKHOLDER or the COMPANY of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder, (iii) any notice or other communication from any Person alleging that the consent of such person hereunder. PARENT Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (iv) any Proceeding pending or, to Merck Serono’s knowledge, threatened against a Party relating to the transactions contemplated by this Agreement.
(b) From the Agreement Date and ending at the ACQUISITION CORP. Transfer Time, BioMarin shall give prompt written notice to the COMPANY Merck Serono of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of PARENT BioMarin contained in this Agreement, if made on or immediately following the date of such ACQUISITION CORP. contained herein to be event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of PARENT BioMarin or such ACQUISITION CORP. any of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery of , (iii) any notice pursuant or other communication from any Person alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (v) any Proceeding pending or, to BioMarin’s knowledge, threatened against a Party relating to the transactions contemplated by this Section 7.7 Agreement. No such notice, nor any information obtained therefrom, under this section 6.04(b) shall not be deemed to (i) modify the representations or warranties hereunder cure any breach of any partyrepresentation or warranty made in this Agreement, which modification may only be made the compliance with any covenant set forth herein or any rights to indemnification pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticesection 8.01 of this Agreement.
Appears in 2 contracts
Sources: Termination and Transition Agreement (Biomarin Pharmaceutical Inc), Termination and Transition Agreement (Biomarin Pharmaceutical Inc)
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY shall Seller will give prompt written notice to PARENT the Purchaser of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of a Seller Party contained in this Agreement or any Ancillary Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and inaccurate, (ii) any material failure of a Seller Party, or any STOCKHOLDER or the COMPANY Affiliate of a Seller Party to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder or any event or condition that would otherwise reasonably be expected to result in the nonfulfillment of any of the conditions to the Purchaser’s obligations hereunder, (iii) any notice or other communication from any Person to Parent or any of its Affiliates (other than the Seller) alleging that the consent of such person hereunder. PARENT and Person is or may be required in connection with the ACQUISITION CORP. shall consummation of the transactions contemplated by this Agreement or the Ancillary Agreements or (iv) any Action pending or, to Parent, Scimed or the Seller’s knowledge, threatened against a Party or the Parties relating to the transactions contemplated by this Agreement or the Ancillary Agreements.
(b) The Purchaser will give prompt written notice to the COMPANY Seller of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of PARENT the Purchaser contained in this Agreement or any Ancillary Agreement, if made on or immediately following the date of such ACQUISITION CORP. contained herein to be event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and inaccurate, (ii) any material failure of PARENT or such ACQUISITION CORP. the Purchaser to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery hereunder or any event or condition that would otherwise reasonably be expected to result in the nonfulfillment of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9to the Seller Parties’ obligations hereunder, or (iii) limit any notice or otherwise affect other communication from any Person to the remedies available hereunder Purchaser or any of its Affiliates alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or the Ancillary Agreements or (iv) any Action pending or, to any party receiving such noticethe Purchaser’s knowledge, threatened against a Party or the Parties relating to the transactions contemplated by this Agreement or the Ancillary Agreements.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Boston Scientific Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT of Parent of: (ia) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would be is likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Company set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or Effective Times such that the Funding and Consummation Date condition in Section 6.2(a) would not be satisfied, and (iib) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The hereunder such that the condition in Section 6.2(b) would not be satisfied; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.6 shall not (i) limit or otherwise affect any remedies available to the party receiving such notice, or (ii) constitute an acknowledgment or admission of a breach of this Agreement; and provided, further that the failure to deliver a notice pursuant to this Section 5.6 (x) shall not be considered in determining whether the condition set forth in Section 6.2(a) or Section 6.2(b) has been satisfied and (y) shall not be deemed to (i) modify be a breach of covenant under this Section 5.6 and shall constitute only a breach of the representations underlying representation, warranty, covenant, condition or warranties hereunder of any partyagreement, which modification as the case may only be made be. No disclosure by the Company pursuant to this Section 7.85.6 shall affect or be deemed to modify, (ii) modify amend or supplement any representation or warranty set forth herein or in the Disclosure Schedule or the conditions set forth to the obligations of the parties to consummate the Mergers in Sections 8 accordance with the terms and 9provisions hereof, or (iii) limit restrict, impair or otherwise affect the remedies available any Indemnified Parties’ right to indemnification hereunder to or otherwise prevent or cure any party receiving such noticemisrepresentations, breach of warranty or breach of covenant.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Zovio Inc), Agreement and Plan of Reorganization (Zovio Inc)
Notification of Certain Matters. (a) The STOCKHOLDERS Company and the COMPANY Stockholders shall give prompt notice to PARENT UniCapital of (i) the occurrence or non-occurrence of any event known to any Stockholder or the Company the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. .
(b) UniCapital shall give prompt notice to the COMPANY each Stockholder of (i) the occurrence or non-occurrence of any event known to UniCapital or Newco the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT UniCapital or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(c) The delivery of any notice pursuant to this Section 7.7 8.13 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.14, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 2 contracts
Sources: Agreement and Plan of Contribution (Unicapital Corp), Agreement and Plan of Contribution (Unicapital Corp)
Notification of Certain Matters. The STOCKHOLDERS During the period from the date of this Agreement to the earlier of the Merger Effective Time and the COMPANY termination of this Agreement, Post and SpinCo shall give prompt notice to PARENT BellRing, and BellRing shall give prompt notice to Post and SpinCo, of (i) any written notice or other substantive communication received by such party from any Governmental Authority in connection with the Transactions or from any Person alleging that the consent of such Person is or may be required in connection with the Transactions, (ii) the discovery of any fact or circumstance that, or the occurrence or non-occurrence of any event the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of the COMPANY made by such party contained in this Agreement or the STOCKHOLDERS contained herein another Transaction Agreement to be untrue or inaccurate in any material respect at or prior such a manner so as to cause the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER of the conditions set forth in Section 9.2(a) or the COMPANY Section 9.3(b), as applicable, to be satisfied, and (iii) any failure of such party to perform or comply with or satisfy any covenant, condition covenant or agreement to be performed or complied with or satisfied by it hereunder in such person hereunder. PARENT and a manner so as to cause the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence failure of any event of the occurrence conditions set forth in Section 9.2(b), Section 9.2(c) or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein Section 9.3(b), as applicable, to be untrue or inaccurate in any material respect at or prior to satisfied; provided, however, that the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 8.10 shall not (x) cure any breach of, or non-compliance with, any other provision of this Agreement, (y) limit the remedies available to the party receiving such notice or (z) prejudice the party giving such notice with respect to the matters contemplated by such notice solely by virtue of having delivered such notice; provided further that any party’s failure to perform or comply with its obligations under this Section 8.10 shall not be deemed considered a failure to (iperform or comply with such party’s obligations hereunder for purposes of Section 9.2(b), Section 9.2(c) modify or Section 9.3(b), as applicable, unless the representations underlying factor or warranties hereunder event would independently result in the failure of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions condition set forth in Sections 8 and 9Section 9.2(b), Section 9.2(c) or (iii) limit or otherwise affect the remedies available hereunder Section 9.3(b), as applicable, to any party receiving such noticebe satisfied.
Appears in 2 contracts
Sources: Transaction Agreement and Plan of Merger (BellRing Distribution, LLC), Transaction Agreement and Plan of Merger (Post Holdings, Inc.)
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence occurrence, or non-occurrence of any event the occurrence whose occurrence, or non-occurrence of which would be likely to cause either (A) any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein in this Agreement to be materially untrue or inaccurate at any time from the date of this Agreement to the Effective Time or (B) any condition set forth in Article VIII to be unsatisfied in any material respect at or prior any time from the date of this Agreement to the Closing Date or the Funding and Consummation Date and (ii) any material failure of the Company, or any STOCKHOLDER of its officers, directors, employees or the COMPANY to comply with or satisfy any covenantagents, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 6.5(a) shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to Parent.
(b) Parent shall give prompt notice to the Company of (i) the occurrence, or non-occurrence of any party receiving such noticeevent whose occurrence, or non-occurrence would be likely to cause any representation or warranty of Parent and Purchaser contained in this Agreement to be materially untrue or inaccurate at any time from the date of this Agreement to the Effective Time or (ii) any action, proceeding, injunction or other order, decree, judgment or ruling by a court of competent jurisdiction or by a governmental, regulatory or administrative agency or commission of competent jurisdiction applicable to Purchaser, but not to the Company, in connection with the Merger and the Transactions and (iii) any failure of Parent or Purchaser, or any of their respective officers, directors, employees or agents, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 6.5(b) shall not limit or otherwise affect the remedies available hereunder to the Company.
Appears in 2 contracts
Sources: Merger Agreement (Software Spectrum Inc), Merger Agreement (Level 3 Communications Inc)
Notification of Certain Matters. (a) The STOCKHOLDERS Stockholders and the COMPANY Company shall give prompt notice to PARENT Clarant of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS Stockholders contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect; (ii) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT Person hereunder and (iii) the ACQUISITION CORP. exercise by any Person of any Option or Convertible Security listed on SCHEDULE 5.3 or any enforceable request for the Company to purchase, redeem or otherwise acquire any of its Company Stock, Convertible Securities or Options;
(b) Clarant and Newco shall give prompt notice to the COMPANY Company of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT Clarant or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT Clarant or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. ;
(c) The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, 7.11 (ii) modify the conditions set forth in Sections Articles 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 2 contracts
Sources: Agreement and Plan of Organization (Luminant Worldwide Corp), Agreement and Plan of Organization (Luminant Worldwide Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall use its commercially reasonable efforts to give prompt notice to PARENT Parent to the extent that it acquires actual knowledge of (i) the occurrence or non-occurrence of any fact or event the whose occurrence or non-occurrence, as the case may be, reasonably would be likely to cause (A) any Offer Condition to fail to be satisfied at any time from the date of this Agreement to the Acceptance Time (except to the extent any Offer Condition refers to a specific date) or (B) any condition set forth in Section 7.1 or Section 7.2 to fail to be satisfied at any time from the date of this Agreement to the Closing (except to the extent any such condition refers to a specific date), (ii) the occurrence of any event the occurrence of which would be reasonably likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein in this Agreement to be untrue or inaccurate in any material respect at as of the date hereof or prior to as of the Closing Date or the Funding and Consummation Date and (iiiii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or timely satisfy any covenant, condition or agreement to be complied with or satisfied by such person it hereunder. PARENT and the ACQUISITION CORP. Parent shall use its commercially reasonable efforts to give prompt notice to Company to the COMPANY extent that it acquires actual knowledge of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. Parent contained herein in this Agreement to be untrue or inaccurate in any material respect at as of the date hereof or prior to as of the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT Parent or such ACQUISITION CORP. Purchaser to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 6.8 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 2 contracts
Sources: Merger Agreement (GCP Sunshine Acquisition, Inc. A Delaware Corp), Agreement and Plan of Merger (American Land Lease Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) Each of the Company and Parent shall promptly notify the COMPANY shall give prompt notice to PARENT other of (i) any written notice or other communication received by such party from any Person alleging that the occurrence consent of such Person is or non-occurrence may be required in connection with the Offer or the Merger, if the failure to obtain such consent would reasonably be expected to materially affect the consummation of the Offer or the Merger and (ii) any event Legal Proceedings commenced or, to such party’s Knowledge, threatened against, the occurrence Company or non-occurrence Parent or any of which would Parent’s Subsidiaries, that purport to materially impede or delay the consummation of the Offer or the Merger, or that make allegations that, if true, would, individually or in the aggregate, reasonably be likely expected to cause result in a Material Adverse Effect.
(b) The Company shall promptly notify Parent of (i) any inaccuracy of any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein to be untrue or inaccurate in any material respect at or prior to any time during the Closing Date or the Funding and Consummation Date term hereof and (ii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder, in each case if and only to the extent that such inaccuracy, or such failure, would reasonably be expected to cause any of the conditions to the obligations of Parent and Merger Sub to consummate the transactions contemplated hereby set forth in paragraph (c)(iii) or paragraph (c)(iv) of Annex I to fail to be satisfied at the then scheduled expiration of the Offer. The For the avoidance of doubt, the delivery of any notice pursuant to this Section 7.7 6.15(b) shall not affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or the conditions to the obligations of Parent and Acquisition Sub to consummate the transactions contemplated by this Agreement or the remedies available to the parties hereunder.
(c) Parent shall promptly notify the Company of (i) modify the representations or warranties hereunder any inaccuracy of any party, which modification may only be made pursuant to Section 7.8, representation or warranty of Parent or Merger Sub contained herein in any material respect at any time during the term hereof and (ii) any failure of Parent or Merger Sub to comply with or satisfy in any material respect any covenant or agreement to be complied with or satisfied by it hereunder, in each case if and only to the extent that such inaccuracy, or such failure, would reasonably be expected to prevent or materially delay the ability of Parent or Merger Sub to consummate the transactions contemplated by this Agreement (including the Offer and the Merger) or the ability of Parent and Merger Sub to fully perform their respective covenants and obligations under this Agreement. For the avoidance of doubt, the delivery of any notice pursuant to this Section 6.15(c) shall not affect or be deemed to modify the conditions any representation or warranty of Parent or Merger Sub set forth in Sections 8 and 9, this Agreement or (iii) limit the conditions to the obligations of the Company to consummate the transactions contemplated by this Agreement or otherwise affect the remedies available hereunder to any party receiving such noticethe parties hereunder.
Appears in 2 contracts
Sources: Merger Agreement (Cadence Pharmaceuticals Inc), Merger Agreement (Mallinckrodt PLC)
Notification of Certain Matters. The STOCKHOLDERS (a) Each of the Company and the COMPANY Selling Members shall give prompt notice to PARENT Purchaser of (i) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or Company and/or the STOCKHOLDERS contained herein Selling Members set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Effective Time, (ii) any material failure of any STOCKHOLDER the Company or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Selling Members to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. , and (iii) any other event, condition, fact or circumstance that would make the timely satisfaction of any of the conditions set forth in Article 6 impossible or unlikely.
(b) Purchaser shall give prompt notice to the Company of (i) the occurrence or non-occurrence of any event, the occurrence or non-occurrence of which would reasonably be expected to cause any representation or warranty of Purchaser set forth in this Agreement to be untrue or inaccurate at or prior to the Effective Time, (ii) any failure of Purchaser to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder, and (iii) any other event, condition, fact or circumstance that would make the timely satisfaction of any of the conditions set forth in Article 6 impossible or unlikely.
(c) The delivery of any notice pursuant to this Section 7.7 5.2 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the any remedies otherwise available hereunder to any party, or (ii) constitute an acknowledgment or admission of a breach of this Agreement. No disclosure by any party receiving such noticepursuant to this Section 5.2 shall affect or be deemed to modify, amend or supplement any representation or warranty set forth herein, the Disclosure Schedule or the conditions to the obligations of the parties to consummate the transactions contemplated hereby in accordance with the terms and conditions hereof, or limit any right to indemnification provided herein.
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Upland Software, Inc.)
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent and Merger Sub of (ia) the occurrence or non-occurrence of any fact, event the or circumstance which occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date or the Funding and Consummation Date and Effective Time, (iib) any material failure breach by the Company or any officer, director, Employee or agent of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenantCompany, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The hereunder and (c) the occurrence or non-occurrence of any fact, event or circumstance which constitutes a Company Material Adverse Effect; provided, - 39 - however, that the delivery of any notice pursuant to this Section 7.7 5.4(a) shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to Parent or Merger Sub.
(b) Parent and Merger Sub shall give prompt notice to the Company of (a) the occurrence or non-occurrence of any party receiving such noticefact, event or circumstance which occurrence or non-occurrence would be likely to cause any representation or warranty of Parent or Merger Sub contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Effective Time, (b) any material breach by Parent or Merger Sub or any officer, director, Employee or agent thereof, of any covenant, condition or agreement to be complied with or satisfied by it hereunder and (c) the occurrence or non-occurrence of any fact, event or circumstance which constitutes a Parent Material Adverse Effect; provided, however, that the delivery of any notice pursuant to this Section 5.4(b) shall not limit or otherwise affect the remedies available hereunder to the Company.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and From the COMPANY date hereof until the Closing (or the earlier termination of this Agreement in accordance with Article IX), Holdco shall give prompt notice to PARENT Pubco, and Pubco shall give prompt notice to Holdco, of (ia) any notice or other communication received by such party from any Governmental Authority in connection with the Transactions or from any person alleging that the consent of such person is or may be required in connection with the Transactions, (b) any actions, suits, claims, investigations or proceeds commenced or, to such party’s knowledge, threatened against, relating to, or involving or otherwise affecting such party in relation to the Transactions, (c) the discovery of any fact or circumstance that, or the occurrence or non-occurrence of any event the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of the COMPANY made by such party contained in this Agreement (i) that is qualified as to “materiality”, “Holdco Material Adverse Effect” or the STOCKHOLDERS contained herein “Pubco Material Adverse Effect” to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) that is not so qualified to be untrue in any materials respect, and (d) any material failure of any STOCKHOLDER or the COMPANY such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The , which causes or would reasonably be expected to cause any of the conditions set forth in Article VIII to fail to be satisfied at the Closing; provided, however, that the delivery of any notice pursuant to this Section 7.7 7.07 shall not be deemed to (iA) modify the representations cure any breach of, or warranties hereunder non-compliance with, any other provision of any party, which modification may only be made pursuant to Section 7.8this Agreement, (ii) modify the conditions set forth in Sections 8 and 9, or (iiiB) limit or otherwise affect the remedies available hereunder to any the party receiving such notice, or (C) affect or be deemed to modify the conditions to the obligations of the parties to consummate the Mergers. The terms and conditions of the Confidentiality Agreement apply to any information provided under this Section 7.07.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS Company and Parent shall promptly notify each other of (a) any notice or other communication received by such Party from any Governmental Body in connection with the COMPANY shall give prompt transactions contemplated hereby or from any Person alleging that the consent of such Person is or may be required in connection with the transactions contemplated hereby, (b) any other notice or communication from any Governmental Body in connection with the transactions contemplated hereby, (c) any Legal Proceeding commenced or, to PARENT such Party’s knowledge, threatened against, relating to or involving or otherwise affecting such Party or any of its Subsidiaries which relate to the transactions contemplated hereby or (d) any change, condition or event (i) the occurrence that renders or non-occurrence of any event the occurrence or non-occurrence of which would reasonably be likely expected to cause render any representation or warranty of the COMPANY or the STOCKHOLDERS such Party set forth in this Agreement (disregarding any materiality qualification contained herein therein) to be untrue or inaccurate such that the condition set forth in any material respect at clause (b) of Annex I could not be satisfied or prior to the Closing Date or the Funding and Consummation Date and (ii) that results or would reasonably be expected to result in any material failure of any STOCKHOLDER or the COMPANY such Party to comply with or satisfy in any material respect any covenant, condition or agreement (including any of the Offer Conditions or any condition set forth in Section 7) to be complied with or satisfied by hereunder such person hereunder. PARENT and that the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9clause (c) of Annex I could not be satisfied; provided, however, that no such notification shall affect any of the representations, warranties, covenants, rights or remedies, or (iii) limit or otherwise affect the remedies available hereunder conditions to any party receiving such noticethe obligations of, the Parties hereunder.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Marinus Pharmaceuticals, Inc.)
Notification of Certain Matters. (a) The STOCKHOLDERS Stockholders, the Company and the COMPANY Subsidiary shall give prompt notice to PARENT Clarant of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY Company, the Subsidiary or the STOCKHOLDERS Stockholders contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect; (ii) any material failure of any STOCKHOLDER Stockholder, the Company or the COMPANY Subsidiary to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT Person hereunder and (iii) the ACQUISITION CORP. exercise by any Person of any Option or Convertible Security listed on SCHEDULE 5.3 or any enforceable request for the Company or the Subsidiary to purchase, redeem or otherwise acquire any of its Company Stock, Convertible Securities or Options;
(b) Clarant and Newco shall give prompt notice to the COMPANY Company and the Subsidiary of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT Clarant or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT Clarant or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. ;
(c) The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.87.11, (ii) modify the conditions set forth in Sections Articles 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent and Merger Sub, and Parent and Merger Sub shall give prompt notice to the Company of (ia) any written notice or other communication received from any Person alleging that the consent of such Person is required in connection with the Transactions, (b) any notice from any Governmental Authority in connection with the Transactions, (c) any actions, suits, Claims, investigations or proceedings commenced or, to such party’s Knowledge, threatened against, relating to or involving or otherwise affecting such party or any of its subsidiaries which relate to the Transactions, (d) the discovery of any fact or circumstance, or the occurrence or non-occurrence of any event the occurrence or non-occurrence of which event, that would reasonably be likely expected to cause (i) any representation or warranty of the COMPANY made by such party contained in this Agreement that is qualified as to materiality or the STOCKHOLDERS “Company Material Adverse Effect” or “Parent Material Adverse Effect,” as applicable, to be untrue or inaccurate (ii) any representation or warranty made by such party contained herein in this Agreement that is not qualified as to materiality or “Company Material Adverse Effect” or “Parent Material Adverse Effect,” as applicable, to be untrue or inaccurate in any material respect at manner that would cause the condition set forth in Section 6.02(a) or Section 6.03(a), as the case may be, to not be satisfied or (iii) any other condition to the Merger set forth in Article 6 to be incapable of being satisfied prior to the Closing Date or the Funding and Consummation Date Expiration Date, and (iie) any material failure of any STOCKHOLDER or the COMPANY such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.16 shall not be deemed to (i) modify the representations cure any breach of, or warranties hereunder non-compliance with, any other provision of any party, which modification may only be made pursuant to Section 7.8, this Agreement or (ii) modify limit the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect remedies available to the remedies available hereunder to any party receiving such notice.
Appears in 1 contract
Sources: Merger Agreement (Senorx Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Sellers shall give prompt written notice to PARENT Buyer of (i1) the occurrence or non-occurrence nonoccurrence of any event change, fact, circumstance, condition or event, the occurrence or non-occurrence nonoccurrence of which would be likely to cause render any representation or warranty of Sellers contained in this Agreement or any Ancillary Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in such that the Business as conducted by Sellers would be materially adversely affected, (2) the occurrence of any material respect at change, fact, circumstance, condition or prior event that has had or is reasonably likely to the Closing Date or the Funding and Consummation Date and have a Business Material Adverse Effect, (ii3) any material failure of any STOCKHOLDER or the COMPANY a Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery of , which failure would result in the conditions set forth in Section 5.1 not being satisfied, (4) any notice or other communication from any Person party to a Designated Contract for which consent is required under Section 5.1 or any other Person alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or the Ancillary Agreements or (5) any legal action, lawsuit or court or arbitration proceeding pending or, to Sellers’ Knowledge, threatened against a Party or the Parties relating to the transactions contemplated by this Agreement or the Ancillary Agreements.
(b) Any change, fact, circumstance, condition or event included in a notice delivered pursuant to this Section 7.7 4.8(a) shall not be deemed to (i) modify the representations have cured any inaccuracy in or warranties hereunder breach of any partyrepresentation or warranty contained in this Agreement or limit or otherwise affect the rights or remedies available under this Agreement to Buyer, which modification may only be made pursuant to Section 7.8, (ii) modify including for purposes of the indemnification or termination rights contained in this Agreement and determining whether the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeSection 5.1 have been satisfied.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Street shall give prompt notice to PARENT Select of (i) the occurrence or non-occurrence of any event event, the occurrence or non-non- occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Street and Select, respectively, contained herein in this Agreement to be untrue or inaccurate inaccurate, such that the condition set forth in any material respect at or prior to the Closing Date or the Funding and Consummation Date Section 6.2(a) would not be satisfied and (ii) any material failure of any STOCKHOLDER Street or Select, as the COMPANY case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any all material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy respects any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.10 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the any remedies available hereunder to any the party receiving such notice. No disclosure by Street pursuant to this Section 5.10 shall be deemed to amend or supplement the Street Schedules or prevent or cure any misrepresentation, breach of warranty or breach of covenant. Select shall give prompt notice to Street of (i) the occurrence or non- occurrence of any event, the occurrence or non-occurrence of would cause any representation or warranty of Select and Street, respectively, contained in this Agreement to be untrue or inaccurate, such that the condition set forth in Section 6.3(a) would not be satisfied and (ii) any failure of Select or Street, as the case may be, to comply with or satisfy in all material respects any covenant, condition or agreement to be complied with or satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 5.10 shall not limit or otherwise affect any remedies available to the party receiving such notice. No disclosure by Select pursuant to this Section 5.10 shall be deemed to amend or supplement the Select Schedules or prevent or cure any misrepresentation, breach of warranty or breach of covenant. Directors' and Officers' Indemnification.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Homestore Com Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Such Seller shall give prompt notice to PARENT Purchaser of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence of which that would be likely to cause either (A) any representation or warranty of such Seller contained in this Agreement, or in connection with the COMPANY or the STOCKHOLDERS contained herein transactions contemplated hereunder, to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date for such Seller’s Assets, or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect; or
(ii) any material failure of such Seller, or any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; or
(iii) any proposal together with the terms thereof, however communicated and in whatever form transmitted, regarding (A) any merger of such Seller into or with another Person, (B) any purchase or sale of any material portion of its Assets or the equity interest in such Seller, (C) any other similar business combination or transaction involving such Seller or any Affiliate of such Seller, or (D) any other indication of interest on the part of any Person with respect to any of the foregoing.
(b) Purchaser shall give prompt notice to the Sellers of the following:
(i) the occurrence or nonoccurrence of any event that would be likely to cause any representation or warranty of Purchaser contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing Date of such Seller’s Assets; or
(ii) any material failure of Purchaser, or any officer, director, employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Asset Purchase Agreement (Ruths Chris Steak House, Inc.)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Seller shall give prompt notice to PARENT promptly notify Buyer of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which that would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Seller set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or such that the Funding and Consummation Date and condition in Section 2.6(b)(i) would not be satisfied, (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. hereunder such that the condition in Section 2.6(b)(ii) would not be satisfied, and (iii) the occurrence or failure of any event, that, individually or in the aggregate, results in or is reasonably likely to result in, a Material Adverse Effect.
(b) Buyer shall promptly notify Seller of (i) the occurrence or non-occurrence of any event that would cause any representation or warranty of Buyer set forth in this Agreement to be untrue or inaccurate at or prior to the Closing such that the condition in Section 2.6(c)(i) would not be satisfied, and (ii) any failure of Buyer to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder such that the condition in Section 2.6(c)(ii) would not be satisfied.
(c) The delivery of any notice pursuant to this Section 7.7 6.4 shall not be deemed to (i) modify affect or modify, amend or supplement any representation or warranty set forth herein or the representations Disclosure Letter, or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth to the obligations of the Parties to consummate the Transactions in Sections 8 accordance with the terms and 9conditions hereof, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticethe Parties hereunder.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS From and after the COMPANY date of this Agreement until the Effective Time, each party hereto shall give prompt notice to PARENT promptly notify the other parties hereto of (ia) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation condition to the obligations of any party to effect the Merger or warranty the UNC Merger not to be satisfied, (b) the failure of the COMPANY Company or Parent, as the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenantcase may be, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The pursuant to this Agreement which would be reasonably likely to result in any condition to the obligations of any party to effect the Merger not to be satisfied, or (c) the failure of UNC to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it pursuant to the UNC Merger Agreement (as defined below) which would be reasonably likely to result in any condition to the obligations of the Company to effect the transactions contemplated by the UNC Merger Agreement not to be satisfied; provided, however, that the delivery of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (i) modify be an amendment of this Agreement or any Section in the representations or warranties hereunder Company Disclosure Schedule and shall not cure any breach of any party, which modification may only be made representation or warranty requiring disclosure of such matter prior to the date of this Agreement. No delivery of any notice pursuant to this Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) 6.07 shall limit or otherwise affect the remedies available hereunder to any the party receiving such notice, including the rights of Parent under Section 7.02(a) and those of the Company under Section 7.03(a), in the event that a representation or warranty made by the Company or Parent herein shall not be true and correct (giving effect to any standards of materiality set forth in such Sections) as of the date hereof or as of the date when made (if a different date) and as of the Effective Time.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which that would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Company set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Effective Time, and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. , in either case, such that the conditions set forth in Sections 7.2(a) or 7.2(b) would not be satisfied.
(b) Parent shall give prompt notice to the Company of (i) the occurrence or non-occurrence of any event that would cause any representation or warranty of Parent or Merger Sub set forth in this Agreement to be untrue or inaccurate at or prior to the Effective Time, and (ii) any failure of Parent or Merger Sub to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder, in either case, such that the conditions set forth in Sections 7.3(a) or 7.3(b) would not be satisfied.
(c) The delivery of any notice pursuant to this Section 7.7 6.5 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect any remedies otherwise available to Parent or the remedies available hereunder Company, as applicable, or (ii) constitute an acknowledgment or admission of a breach of this Agreement. No disclosure by the Company pursuant to this Section 6.5 shall affect or be deemed to modify, amend or supplement any party receiving such noticerepresentation or warranty set forth herein, the Disclosure Schedule or the conditions to the obligations of the parties to consummate the transactions contemplated hereby in accordance with the terms and conditions hereof, or limit any right to indemnification provided herein.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS Stockholders and the COMPANY Company shall give prompt notice to PARENT TMI of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS any Stockholder contained herein to be untrue or inaccurate incorrect in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by that Person hereunder, provided that no such person hereunder. PARENT notice shall be required until TMI shall give notice to the Company and the ACQUISITION CORPStockholders of the date scheduled for the Closing with respect to the occurrence in the ordinary course of business and consistent with past practice of the Company or any Company Subsidiary, as the case may be, of any condition or state of facts which would cause any of Sections 4.16, 4.17, 4.18, 4.19 and 4.21 of the Disclosure Statement to be incorrect. TMI shall give prompt notice to the COMPANY Company of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT TMI or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT TMI or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.06 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.07, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS Stockholders and the COMPANY Company shall give prompt notice to PARENT RW of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS any Stockholder contained herein to be untrue or inaccurate incorrect in any material Material respect at or prior to the Closing Delivery Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by that Person hereunder, provided that no such person hereunder. PARENT notice shall be required until RW shall give notice to the Company and the ACQUISITION CORPStockholders of the Delivery Date, with respect to the occurrence in the ordinary course of business and consistent with past practice of the Company or any Company Subsidiary, as the case may be, of any condition or state of facts which would cause any information set forth in Schedules 4.16, 4.17, 4.18, 4.19 and 4.21 to be incorrect. RW shall give prompt notice to the COMPANY Company of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT RW or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate incorrect in any material Material respect at or prior to the Closing Delivery Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT RW or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.08, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Notification of Certain Matters. During the period from the date hereof and prior to the earlier of the Closing or the termination of this Agreement:
(a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent of (i) the occurrence or non-occurrence of any event the occurrence that has caused or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein Company set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Closing, and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(b) Parent shall give prompt notice to the Company of (i) the occurrence or non-occurrence of any event that has caused or would reasonably be expected to cause any representation or warranty of Parent or Buyer set forth in this Agreement to be untrue or inaccurate at or prior to the Closing, and (ii) any failure of Parent or Buyer to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) The delivery of any notice pursuant to this Section 7.7 8.10 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect any remedies otherwise available to Parent, Buyer or the remedies available hereunder Company, as applicable, or (ii) constitute an acknowledgment or admission of a breach of this Agreement. No disclosure by the Company pursuant to this Section 8.10 shall affect or be deemed to modify, amend or supplement any party receiving such noticerepresentation or warranty set forth herein, the Disclosure Schedule or the conditions to the obligations of the parties to consummate the transactions contemplated hereby in accordance with the terms and conditions hereof, or limit any right to indemnification provided herein.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS Each of the Purchasers and the COMPANY shall Sellers agrees to give prompt notice to PARENT of each other of, and to use their respective reasonable best efforts to prevent or promptly remedy, (iA) the occurrence or non-failure to occur or the impending or threatened occurrence or failure to occur, of any event the which occurrence or non-occurrence of which failure to occur would be likely to cause any representation of its representations or warranty of the COMPANY or the STOCKHOLDERS contained herein warranties in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date or the Funding and Consummation Date Merger 1 Effective Time and (iiB) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. on its part to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; PROVIDED, HOWEVER, that the delivery of any notice pursuant to this Section 7.7 Paragraph 8(h) shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
(i) CORRECTIONS TO THE JOINT PROXY STATEMENTS/PROSPECTUS AND REGISTRATION STATEMENT. Prior to the date of approval of the Mergers by the Sellers' respective stockholders, each of the Purchasers and Sellers shall correct promptly any information provided by it to be used specifically in the Joint Proxy Statements/Prospectus and Registration Statement that shall have become false or misleading in any material respect and shall take all steps necessary to file with the SEC and have declared effective or cleared by the SEC any amendment or supplement to the Joint Proxy Statements/Prospectus or the Registration Statement so as to correct the same and to cause the Joint Proxy Statements/Prospectus as so corrected to be disseminated to the stockholders of the Sellers, in each case to the extent required by applicable law.
Appears in 1 contract
Sources: Merger Agreement (TCW Group Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) From the Agreement Date and ending at the COMPANY Transfer Time, Merck Serono shall give prompt written notice to PARENT BioMarin of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of Merck Serono contained in this Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of Merck Serono or any STOCKHOLDER or the COMPANY of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder, (iii) any notice or other communication from any Person alleging that the consent of such person hereunder. PARENT Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (iv) any Proceeding pending or, to Merck Serono’s knowledge, threatened against a Party relating to the transactions contemplated by this Agreement.
(b) From the Agreement Date and ending at the ACQUISITION CORP. Transfer Time, BioMarin shall give prompt written notice to the COMPANY Merck Serono of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of PARENT BioMarin contained in this Agreement, if made on or immediately following the date of such ACQUISITION CORP. contained herein to be event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of PARENT BioMarin or such ACQUISITION CORP. any of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery of , (iii) any notice pursuant or other communication from any Person alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (v) any Proceeding pending or, to BioMarin’s knowledge, threatened against a Party relating to the transactions contemplated by this Agreement. No such notice, nor any information obtained therefrom, under this Section 7.7 6.04 shall not be deemed to (i) modify the representations or warranties hereunder cure any breach of any partyrepresentation or warranty made in this Agreement, which modification may only be made the compliance with any covenant set forth herein or any rights to indemnification pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeSection 8.01 of this Agreement.
Appears in 1 contract
Sources: Termination and Transition Agreement (Biomarin Pharmaceutical Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Sellers shall give prompt notice to PARENT promptly notify Buyers of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which that would reasonably be likely expected to cause any representation or warranty of the COMPANY Sellers or the STOCKHOLDERS contained herein their Subsidiaries set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Closing, (ii) any material failure of any STOCKHOLDER Sellers or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. their Subsidiaries to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. hereunder in any material respect, and (iii) the occurrence or failure of any event, that, individually or in the aggregate, results in or would reasonably be expected to result in, a Business Material Adverse Effect.
(b) Buyers shall promptly notify Sellers of (i) the occurrence or non-occurrence of any event that would cause any representation or warranty of Buyers set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing, and (ii) any failure of Buyers to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder in any material respect.
(c) The delivery of any notice pursuant to this Section 7.7 8.4 shall not be deemed to (i) modify affect or modify, amend or supplement any representation or warranty set forth herein or the representations Sellers Disclosure Schedule, or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth to the obligations of the Parties to consummate the Transactions in Sections 8 accordance with the terms and 9conditions hereof, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticethe Parties hereunder.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and During the COMPANY Pre-Closing Period, the Company or Acquiror, as the case may be, shall give prompt notice notice, after such party obtains actual knowledge thereof, to PARENT of the other party of: (ia) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would be is likely to cause any representation or warranty of the COMPANY Company or Acquiror, respectively and as the STOCKHOLDERS case may be, contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date Effective Time, in each case, such as would (x) in the case of the Company, reasonably be expected to be material to the Company or (y) prevent the Funding and Consummation Date satisfaction of the conditions set forth in Section 2.2(b) or Section 2.2(c), as applicable; provided, however, that the Company’s or Acquiror’s, as applicable, failure to give notice under this Section 7.10 shall not to be deemed a breach of covenant under this Section 7.10, but shall instead constitute only a breach of the underlying representation or warranty; and (iib) any material failure of any STOCKHOLDER the Company or Acquiror, respectively and as the COMPANY case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to materially comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 7.10 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iiia) limit or otherwise affect the any remedies available hereunder to any the party receiving such noticenotice or (b) constitute an acknowledgment or admission of a breach of this Agreement. No disclosure -53- by or on behalf of the Company pursuant to this Section 7.10 shall be deemed to qualify, limit, waive, modify, amend or supplement any representation, warranty, or covenant contained herein or in the Disclosure Schedule, the conditions to the obligations of the parties to consummate the Merger in accordance with the terms and provisions of this Agreement, or the rights of Acquiror or any Indemnified Party under this Agreement, except to the extent set forth in the Disclosure Schedule or expressly waived pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Pluralsight, Inc.)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Grace shall use reasonable efforts to give prompt notice to PARENT Buyer, and Buyer shall use reasonable efforts to give prompt notice to Grace of any of the following events that occur between the date of this Agreement and the Closing as to which they obtain actual knowledge: (ia) the occurrence or non-non- occurrence of any event event, the occurrence or non-occurrence of which would be reasonably likely to cause (i) any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement contained in this Agreement not to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to respect, and (b) any failure of the Closing Date Selling Companies or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Buying Companies, as the case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The hereunder in any material respect; provided, however, that the delivery of any notice pursuant to this Section 7.7 8.9 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.. In addition, the Selling Companies will use reasonable efforts to promptly supplement or amend the Schedules with respect to any matter that they obtain actual knowledge of, hereafter arising which, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in the attached Schedules. No supplement or amendment of the attached Schedules made pursuant to this Section 8.9 shall be deemed to cure any breach of any representation or warranty made in this Agreement or limit in any way the purchase price adjustment set forth in Section 4.B.
Appears in 1 contract
Sources: Worldwide Purchase and Sale Agreement (Betz Laboratories Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) PHI shall give prompt written notice to PARENT Century of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which causes or would be reasonably likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Section 3 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Closing; and (ii) any material failure of any STOCKHOLDER PHI or the COMPANY PTI to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with at or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. prior to Closing.
(b) Century shall give prompt written notice to the COMPANY PHI of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which causes or would be reasonably likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Section 4 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Closing; and (ii) any material failure of PARENT or such ACQUISITION CORP. Century to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with at or satisfied by it hereunder. prior to Closing.
(c) The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, the party delivering such notice; (ii) modify the conditions any condition to closing set forth in Sections 8 and or 9, ; or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice; provided, however, that if the Closing shall occur, then all matters disclosed pursuant to this Section at or prior to the Closing shall be waived and no party shall be entitled to make a claim thereon pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Stock Purchase Agreement (Century Telephone Enterprises Inc)
Notification of Certain Matters. The STOCKHOLDERS From and after the COMPANY ------------------------------- date of this Agreement until the Effective Time, each party hereto shall give prompt notice to PARENT promptly notify the other parties hereto of (ia) the occurrence occurrence, or non-occurrence non- occurrence, of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation condition to the obligations of any party to effect the Merger or warranty the UNC Merger not to be satisfied, (b) the failure of the COMPANY Company or Parent, as the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenantcase may be, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderpursuant to this Agreement which would be reasonably likely to result in any condition to the obligations of any party to effect the Merger not to be satisfied, or (c) the failure of UNC to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it pursuant to the UNC Merger Agreement (as defined below) which would be reasonably likely to result in any condition to the obligations of the Company to effect the transactions contemplated by the UNC Merger Agreement not to be satisfied; provided, however, that the delivery -------- ------- of any notice pursuant to this Section 6.07 shall not be deemed to be an amendment of this Agreement or any Section in the Company Disclosure Schedule and shall not cure any breach of any representation or warranty requiring disclosure of such matter prior to the date of this Agreement. The No delivery of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice, including the rights of Parent under Section 7.02(a) and those of the Company under Section 7.03(a), in the event that a representation or warranty made by the Company or Parent herein shall not be true and correct (giving effect to any standards of materiality set forth in such Sections) as of the date hereof or as of the date when made (if a different date) and as of the Effective Time.
Appears in 1 contract
Sources: Merger Agreement (Unc Inc)
Notification of Certain Matters. The NAMED STOCKHOLDERS and the COMPANY shall give prompt notice to PARENT ITP of (i) the occurrence or non-non- occurrence of any event of which the COMPANY or the NAMED STOCKHOLDERS have knowledge, the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of the COMPANY or the NAMED STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any NAMED STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT ITP and the ACQUISITION CORP. NEWCO shall give prompt notice to the COMPANY and the NAMED STOCKHOLDERS of (i) the occurrence or non-occurrence nonoccurrence of any event of which ITP or NEWCO have knowledge, the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of PARENT ITP or such ACQUISITION CORP. NEWCO contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT ITP or such ACQUISITION CORP. NEWCO to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 7.6 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.87.7, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Merger Agreement (It Partners Inc)
Notification of Certain Matters. The STOCKHOLDERS Stockholders and the COMPANY Company shall give prompt notice to PARENT Apple of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS any Stockholder contained herein to be untrue or inaccurate incorrect in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by that Person hereunder, provided that no such person hereunder. PARENT notice shall be required until Apple shall give notice to the Company and the ACQUISITION CORPStockholders of the date scheduled for the Closing with respect to the occurrence in the ordinary course of business and consistent with past practice of the Company or any Company Subsidiary, as the case may be, of any condition or state of facts which would cause any Sections of the Disclosure Statement to be incorrect. Apple shall give prompt notice to the COMPANY Company of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT or such ACQUISITION CORP. Apple contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT or such ACQUISITION CORP. Apple to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.08, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY shall give prompt notice to PARENT MARINEMAX of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY as defined in Section 5 or the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Closing, and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT MARINEMAX and the ACQUISITION CORP. NEWCO shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT MARINEMAX or such ACQUISITION CORP. NEWCO contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Closing, and (ii) any material failure of PARENT MARINEMAX or such ACQUISITION CORP. NEWCO to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, ; (ii) modify the conditions set forth 25 31 in Sections 8 and 9, ; or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS Company and the COMPANY Stockholders shall give prompt notice to PARENT UniCapital of (i) the occurrence or non-occurrence of any event known to any Stockholder or Company the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER Stockholder or the COMPANY any Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. .
(b) UniCapital shall give prompt notice to the COMPANY each Stockholder of (i) the occurrence or non-occurrence of any event known to UniCapital the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT or such ACQUISITION CORP. UniCapital to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(c) The delivery of any notice pursuant to this Section 7.7 8.13 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.14, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Contribution (Unicapital Corp)
Notification of Certain Matters. The STOCKHOLDERS and To the COMPANY extent known by Seller, Seller shall give prompt notice to PARENT Purchaser of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 4 to be materially untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Date, (ii) any material failure of any STOCKHOLDER or the COMPANY Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by Seller hereunder and (iii) any notice or other communication from any Person alleging that the consent or approval of such person hereunderPerson is or may be required in connection with the transactions contemplated by this Agreement. PARENT and To the ACQUISITION CORP. extent known by Purchaser, Purchaser shall give prompt notice to the COMPANY Seller of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 5 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Date, (ii) any material failure of PARENT or such ACQUISITION CORP. Purchaser to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderPurchaser hereunder and (iii) any notice or other communication from any Person alleging that the consent or approval of such Person is or may be required in connection with the transactions contemplated by this Agreement. The Except as otherwise specifically provided in this Agreement, the delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the party delivering such notice, (ii) modify the conditions set forth in Sections 8 Section 8.2 and 98.3, or (iii) limit or otherwise affect affect, or be deemed a waiver of, the remedies available hereunder to any the party receiving such noticenotice under this Agreement prior to, on or after the Closing Date, including the right of any Indemnitee to claim Losses under Article 10 even if such Indemnitee obtained knowledge prior to the Closing Date of any fact, event, occurrence, non-occurrence, failure or breach giving rise to such Losses.
Appears in 1 contract
Sources: Asset Purchase Agreement (Integrated Alarm Services Group Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) From the date hereof through the Closing, the SC Shareholders on the one hand, and Nextera and Canadian Buyer on the COMPANY other hand, shall give prompt notice to PARENT the other of (i) the occurrence occurrence, or non-occurrence failure to occur, of any event the which occurrence or non-occurrence of which failure would be likely to cause any representation or warranty of the COMPANY contained in this Agreement or the STOCKHOLDERS contained herein in any exhibit or schedule hereto to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of such party, or any STOCKHOLDER of its respective affiliates or the COMPANY to comply with or satisfy any covenantRepresentatives, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of under this Agreement or any notice pursuant to this Section 7.7 exhibit or schedule hereto; provided, however, that such disclosure shall not be deemed to (icure any breach of a representation, warranty, covenant or agreement or to satisfy any condition except as otherwise provided in Section 6.5(b) modify the representations or warranties hereunder hereof. The SC Shareholders shall promptly notify Canadian Buyer of any partyDefault, which modification the threat or commencement of any Action, or any development that occurs before the Closing that could in any way materially affect Sibson Canada, the Canadian Assets or the Canadian Business. The Buyer and Nextera shall promptly notify the SC 53 -48- Shareholders of any default, the threat or commencement of any action, or any development that occurs before the Closing that could in any way materially affect the Canadian Buyer or Nextera, individually, or their respective business and operations.
(b) Anything in Section 6.5(a) to the contrary notwithstanding, if any event not expressly contemplated by this Agreement occurs at any time between the date hereof and the Closing Date that would result in any representation or warranty made by the SC Shareholders, on the one hand, and Canadian Buyer and Nextera, on the other hand, not being true in any material respect on the Closing Date, such parties shall promptly give written notice of such event to such other parties. Following receipt of such notice, the parties receiving notice shall have no obligation to consummate the transactions contemplated hereby and the SC Shareholders, on the one hand, or Canadian Buyer and Nextera, on the other hand, may only be made terminate this Agreement pursuant to Article XIII hereof; provided, however, that if such parties consummate the transactions contemplated hereby, such parties shall not have any indemnification rights hereunder relating to or arising out of, the subject matter of the event described in any written notice validly given pursuant to this Section 7.86.5(b) and; provided, (iifurther, that the giving of any notice by a party pursuant to this Section 6.5(b) modify shall not relieve such party of any liability for breach of any covenant hereunder or the conditions set forth in Sections 8 and 9, failure of any representation or (iii) limit or otherwise affect the remedies available warranty of such party hereunder to any party receiving such noticebe true and correct as of the date hereof.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY shall give ------------------------------- prompt notice to PARENT USFLORAL of (i) the occurrence or non-occurrence of any event known to any STOCKHOLDER or the COMPANY the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Section 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. USFLORAL shall give prompt notice to the COMPANY each STOCKHOLDER of (i) the occurrence or non-non- occurrence of any event known to USFLORAL the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Section 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT or such ACQUISITION CORP. USFLORAL to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 8.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.8, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Contribution (U S a Floral Products Inc)
Notification of Certain Matters. The STOCKHOLDERS Company and the COMPANY Controlling Members shall give prompt notice to PARENT Parent and Sub of (i) the occurrence or non-occurrence discovery of any event the occurrence fact or non-occurrence of circumstance which would be likely to cause any representation or warranty contained in Article II to be untrue or inaccurate at or prior to the Closing, (ii) the occurrence or nonoccurrence of the COMPANY any event which would be likely to cause any representation or the STOCKHOLDERS warranty contained herein in Article II to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iiiii) any material failure of any STOCKHOLDER the Company or the COMPANY Members to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunderthe Company or the Members hereunder or in any Ancillary Document. PARENT Parent and the ACQUISITION CORP. Sub shall give prompt notice to the COMPANY Company and the Controlling Members of (i) the occurrence or non-occurrence discovery of any event the occurrence fact or non-occurrence of circumstance which would be likely to cause any representation or warranty contained in Article III to be untrue or inaccurate at or prior to the Closing, (ii) the occurrence or nonoccurrence of PARENT any event which would be likely to cause any representation or such ACQUISITION CORP. warranty contained herein in Article III to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iiiii) any material failure of PARENT Parent or such ACQUISITION CORP. Sub to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderParent or Sub hereunder or in any Ancillary Document. The delivery of any notice pursuant to this Section 7.7 6.3 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the party delivering such notice, (ii) modify the conditions set forth in Sections 8 Articles VII and 9, VIII or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice; provided, however, that if the Closing shall occur, then all matters disclosed pursuant to this Section 6.3 at or prior to the Closing shall be waived and no party shall be entitled to make a claim thereon pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Popmail Com Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) From the Agreement Date and ending at the COMPANY Transfer Time, Merck Serono shall give prompt written notice to PARENT BioMarin of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of Merck Serono contained in this Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of Merck Serono or any STOCKHOLDER or the COMPANY of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder, (iii) any notice or other communication from any Person alleging that the consent of such person hereunder. PARENT Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (iv) any Proceeding pending or, to Merck Serono’s knowledge, threatened against a Party relating to the transactions contemplated by this Agreement.
(b) From the Agreement Date and ending at the ACQUISITION CORP. Transfer Time, BioMarin shall give prompt written notice to the COMPANY Merck Serono of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of PARENT BioMarin contained in this Agreement, if made on or immediately following the date of such ACQUISITION CORP. contained herein to be event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and respect, (ii) any material failure of PARENT BioMarin or such ACQUISITION CORP. any of its Affiliates to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery of , (iii) any notice pursuant or other communication from any Person alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or (v) any Proceeding pending or, to BioMarin’s knowledge, threatened against a Party relating to the transactions contemplated by this Agreement. No such notice, nor any information obtained therefrom, under this Section 7.7 6.04 shall not be deemed to (i) modify the representations or warranties hereunder cure any breach of any partyrepresentation or warranty made in this Agreement, which modification may only be made the compliance with any covenant set forth herein or any rights to indemnification pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such notice8.01 of this Agreement.
Appears in 1 contract
Sources: Termination and Transition Agreement (Biomarin Pharmaceutical Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Each Party shall give prompt notice to PARENT each other Party of (i) the occurrence or non-non- occurrence of any event the occurrence or non-occurrence of known to such Party which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS such Party contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Date, and (ii) any material failure of any STOCKHOLDER or the COMPANY such Party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and Party hereunder in any material respect.
(b) Each Party shall have the ACQUISITION CORP. shall give prompt notice continuing obligation until the Closing Date to supplement or amend promptly its Disclosure Letter delivered to the COMPANY other Party group with respect to any matter hereafter arising or discovered that, if existing or known at the date of this Agreement, would have been required to have been set forth or described in such Disclosure Letter (iin each case, "Amended Disclosure") in order that the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any corresponding representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be would not have been untrue or inaccurate in any material respect, which may include supplemental disclosure to a representation or warranty with respect at to which no disclosure was made previously. Any Amended Disclosure that would constitute a failure to satisfy the condition precedent set forth in Section 6.02(a), (b) or prior to the Closing Date (c) or the Funding and Consummation Date and in Section 6.03(a), (iib) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 (c) shall not be deemed effective unless consented to in the sole discretion of the other Party group (i) modify i.e., by SPAR in the representations or warranties hereunder case of any party, which modification may only be made pursuant a failure to satisfy Section 7.86.02(a), (iib) modify or (c) and by PIA Delaware in the conditions set forth in Sections 8 and 9case of a failure to satisfy Section 6.03(a), (b) or (c)). To the extent such consent is obtained, or (iii) limit or otherwise affect to the remedies available hereunder to any party receiving such noticeextent the condition precedent is waived on the Closing Date, the Amended Disclosure shall be deemed effective.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Pia Merchandising Services Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Kodiak shall give prompt notice to PARENT AppNet of (ia) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY Kodiak or the STOCKHOLDERS Stockholders contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material failure of any STOCKHOLDER Kodiak or the COMPANY Stockholders to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person Kodiak or the Stockholders hereunder. PARENT and The delivery of any notice pursuant to this Section 6.5(a) shall not, without the ACQUISITION CORP. express written consent of AppNet, be deemed to (A) modify the representations or warranties hereunder of Kodiak or the Stockholders, (B) modify the conditions set forth in Section 7 hereof or (C) limit or otherwise affect the remedies available hereunder to AppNet.
(b) AppNet shall give prompt notice to the COMPANY Stockholders of (ia) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. AppNet contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material failure of PARENT or such ACQUISITION CORP. AppNet to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it AppNet hereunder. The delivery of any notice pursuant to this Section 7.7 6.5(b) shall not not, without the express written consent of the Stockholders, be deemed to (iA) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8AppNet, (iiB) modify the conditions set forth in Sections Section 8 and 9, hereof or (iiiC) limit or otherwise affect the remedies available hereunder to any party receiving such noticethe Stockholders.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Seller shall give prompt notice to PARENT the Buyer of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in ARTICLE 2 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Closing, (ii) any material failure of any STOCKHOLDER or the COMPANY Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by the Seller hereunder and (iii) any notice or other communication from any Person alleging that the consent or approval of such person hereunderPerson is or may be required in connection with the transactions contemplated by this Agreement (other than those consents and approvals indicated as required in SECTION 2.3 of the Disclosure Schedule). PARENT and the ACQUISITION CORP. The Buyer shall give prompt notice to the COMPANY Seller of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in ARTICLE 3 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Closing, (ii) any material failure of PARENT or such ACQUISITION CORP. the Buyer to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunderthe Buyer hereunder and (iii) any notice or other communication from any Person alleging that the consent or approval of such Person is or may be required in connection with the transactions contemplated by this Agreement. The delivery of any notice pursuant to this Section 7.7 SECTION 4.8 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the party delivering such notice, (ii) modify the conditions set forth in Sections 8 and 9, this Agreement or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice; provided,, however, that if the Closing shall occur, then all matters disclosed pursuant to this SECTION 4.8 at or prior to the Closing shall be waived and no party shall be entitled to make a claim thereon pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Asset Purchase Agreement (CRC Evans International Inc)
Notification of Certain Matters. The STOCKHOLDERS UIC and the COMPANY Seller shall give prompt notice to PARENT RW of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Seller or the STOCKHOLDERS UIC contained herein to be untrue or inaccurate incorrect in any material Material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material Material failure of any STOCKHOLDER UIC or the COMPANY Seller to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by that Person hereunder, provided, that with respect to the occurrence in the ordinary course of business consistent with past practice of Seller or any Seller Subsidiary, as the case may be, of any condition or state of facts which would cause any information set forth in SCHEDULES 4.14, 4.15, 4.17 AND 4.18 to be incorrect, no such person hereundernotice shall be required until RW shall give notice to Seller and UIC as of the Closing Date. PARENT and the ACQUISITION CORP. RW shall give prompt notice to the COMPANY Seller of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT RW or such ACQUISITION CORP. Buyer contained herein to be untrue or inaccurate incorrect in any material Material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material Material failure of PARENT RW or such ACQUISITION CORP. Buyer to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 SECTION 6.06 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.8SECTION 6.07, (iib) modify the conditions set forth in Sections 8 and 9, ARTICLE VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Sources: Asset Purchase Agreement (United Industrial Corp /De/)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) IFM shall give prompt notice to PARENT CryoLife of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event known to IFM or the Stockholders whose occurrence or non-occurrence of which nonoccurrence would be likely to cause cause, either (A) any representation or warranty of the COMPANY IFM or the STOCKHOLDERS any Stockholder contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date Closing, or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect; or
(ii) any material failure of IFM, any STOCKHOLDER Stockholder, any officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The .
(b) CryoLife shall give prompt notice to IFM of the following:
(i) the occurrence or nonoccurrence of any event whose occurrence or nonoccurrence would be likely to cause either (A) any representation or warranty of CryoLife or Newco contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing, or (B) an event, the disclosure of which is required by the Exchange Act.
(ii) Any material failure of CryoLife or Newco, or any officer, director, employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify waive or release the Stockholders from their representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeunder this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Cryolife Inc)
Notification of Certain Matters. The STOCKHOLDERS (a) Each of the Company and Parent shall promptly notify the COMPANY shall give prompt notice to PARENT other of (i) any written notice or other communication received by such party from any Person alleging that the occurrence consent of such Person is or non-occurrence may be required in connection with the Offer or the Merger, if the failure to obtain such consent would reasonably be expected to materially affect the consummation of the Offer or the Merger and (ii) any event Legal Proceedings commenced or, to such party’s Knowledge, threatened against, the occurrence Company or non-occurrence Parent or any of which would Parent’s Subsidiaries, that purport to materially impede or delay the consummation of the Offer or the Merger, or that make allegations that, if true, would, individually or in the aggregate, reasonably be likely expected to cause result in a Material Adverse Effect.
(b) The Company shall promptly notify Parent of (i) any inaccuracy of any representation or warranty of the COMPANY or the STOCKHOLDERS Company contained herein to be untrue or inaccurate in any material respect at or prior to any time during the Closing Date or the Funding and Consummation Date term hereof and (ii) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder, in each case if and only to the extent that such inaccuracy, or such failure, would reasonably be expected to cause any of the conditions to the obligations of Parent and Merger Sub to consummate the transactions contemplated hereby set forth in paragraph (c)(iii) or paragraph (c)(iv) of Annex I to fail to be satisfied at the then scheduled expiration of the Offer. The For the avoidance of doubt, the delivery of any notice pursuant to this Section 7.7 6.14(b) shall not affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or the conditions to the obligations of Parent and Merger Sub to consummate the transactions contemplated by this Agreement or the remedies available to the parties hereunder.
(c) Parent shall promptly notify the Company of (i) modify the representations or warranties hereunder any inaccuracy of any party, which modification may only be made pursuant to Section 7.8, representation or warranty of Parent or Merger Sub contained herein in any material respect at any time during the term hereof and (ii) any failure of Parent or Merger Sub to comply with or satisfy in any material respect any covenant or agreement to be complied with or satisfied by it hereunder, in each case if and only to the extent that such inaccuracy, or such failure, would reasonably be expected to have a material adverse effect on the ability of Parent or Merger Sub to consummate the transactions contemplated by this Agreement (including the Offer and the Merger). For the avoidance of doubt, the delivery of any notice pursuant to this Section 6.14(c) shall not affect or be deemed to modify the conditions any representation or warranty of Parent or Merger Sub set forth in Sections 8 and 9, this Agreement or (iii) limit the conditions to the obligations of the Company to consummate the transactions contemplated by this Agreement or otherwise affect the remedies available hereunder to any party receiving such noticethe parties hereunder.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Durata Therapeutics, Inc.)
Notification of Certain Matters. The STOCKHOLDERS (a) FWAY and the COMPANY FWAY Stockholders shall give prompt notice to PARENT BIOF of (i) the occurrence or non-occurrence nonoccurrence of any event the occurrence or non-occurrence nonoccurrence of which has caused or would be likely to cause any representation or warranty by FWAY or any of the COMPANY or the STOCKHOLDERS FWAY Stockholders contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to before the Closing Date or the Funding and Consummation Date and (ii) any material failure by FWAY or any of any STOCKHOLDER or the COMPANY FWAY Stockholders to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 SECTION 8.4(a) shall not be deemed to (i) modify the representations cure such breach or warranties hereunder of non-compliance by FWAY or any partyFWAY Stockholder, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to BIOF, or constitute an amendment of any party receiving representation, warranty or statement in this Agreement or the Company Disclosure Schedule.
(b) BIOF shall give prompt notice to FWAY and the FWAY Stockholders of (i) the occurrence or nonoccurrence of any event the occurrence or nonoccurrence of which has caused or would be likely to cause any representation or warranty contained in this Agreement by BIOF to be untrue or inaccurate at or before the Closing Date and (ii) any failure by BIOF to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with or satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this SECTION 8.4(B) shall not cure such noticebreach or non-compliance by BIOF, as the case may be, limit or otherwise affect the remedies available hereunder to the FWAY or the FWAY Stockholders, or constitute an amendment of any representation, warranty or statement in this Agreement.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt written notice to PARENT of the Purchaser of: (ia) the occurrence occurrence, or non-occurrence failure to occur, of any event the occurrence or non-occurrence of which it has Knowledge that causes or would be reasonably likely to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS Seller contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date of this Agreement to the Closing Date determined as if such representation or warranty were made at such time and (b) the failure of the Company or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Seller to comply with or satisfy in any covenant, condition or agreement material respect any covenant to be complied with or satisfied by such person hereunderparty hereunder (a “Disclosure Letter Update”). PARENT and No Disclosure Letter Update shall have any effect for the ACQUISITION CORPpurposes of indemnification hereunder or, except as provided below, relieve the Company from any breach or violation of this Agreement. shall give prompt notice Notwithstanding any provision in this Agreement to the COMPANY of contrary, unless the Purchaser provides the Company with a written termination notice pursuant to Section 9.1(d)(i) within seven (i7) Business Days after the occurrence or non-occurrence expiration of any event the occurrence or non-occurrence applicable cure period, if any, in respect of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate a breach described in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice a Disclosure Letter Update delivered pursuant to this Section 7.7 6.10 and which uncured breach would otherwise give rise to a termination right by Purchaser under Section 9.1(d)(i), then (a) the Purchaser, in respect of such uncured breach, shall be deemed to have waived its right to terminate this Agreement or prevent the consummation of the transactions contemplated by this Agreement pursuant to Section 9.1(d)(i) or Section 7.3 and (b) such breach shall not be deemed to (ibe a breach that would prevent the Company or the Seller from delivering the certificate referenced in Section 8.2(b) modify the representations or warranties hereunder of any party, which modification may only be made terminating this Agreement pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such notice9.1(c).
Appears in 1 contract
Sources: Equity Purchase Agreement (Nci Building Systems Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Coventry shall give prompt written notice to PARENT of Buyer as promptly as reasonably practical upon becoming aware of: (i) the occurrence occurrence, or non-occurrence failure to occur, of any event the occurrence event, change, condition, or non-occurrence of which circumstance that would be likely to cause any representation or warranty of the COMPANY Sellers contained in this Agreement or the STOCKHOLDERS contained herein in any other Transaction Agreement to be untrue or inaccurate in any material respect at or prior any time from the date of this Agreement to the Closing Date determined as if such representation or the Funding and Consummation Date and warranty were made at such time, (ii) any material the failure of any STOCKHOLDER or the COMPANY Sellers to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with by it hereunder, (iii) any written notice or satisfied other written communication from any Person alleging that the Consent of such Person is or may be required in connection with the Transactions, (iv) any written notice or other written communication from any Governmental Authority in connection with the Transactions and (v) the institution of or the threat of institution of any Action related to this Agreement or the Transactions, provided, however, that the delivery of any notice pursuant to this Section 6.4(a) shall not (x) cure any breach of any representation of warranty by such person hereunder. PARENT and Sellers or any non-compliance by Sellers with any other provision contained in this Agreement or (y) limit the ACQUISITION CORP. remedies available to Buyer.
(b) Buyer shall give to Coventry prompt written notice to the COMPANY of of: (i) the occurrence occurrence, or non-occurrence failure to occur, of any event the occurrence event, change, condition or non-occurrence circumstance of which Buyer has Knowledge that would be likely to cause any representation or warranty of PARENT Buyer contained in this Agreement or such ACQUISITION CORP. contained herein in any other Transaction Agreement to be untrue or inaccurate in any material respect at or prior any time from the date of this Agreement to the Closing Date determined as if such representation or the Funding and Consummation Date and warranty were made at such time, (ii) any material the failure of PARENT or such ACQUISITION CORP. Buyer to comply with or satisfy in any covenant, condition or agreement material respect any covenant to be complied with or satisfied by it hereunder. The , (iii) any written notice or other written communication from any Person alleging that the Consent of such Person is or may be required in connection with the Transactions, (iv) any written notice or other written communication from any Governmental Authority in connection with the Transactions, and (v) the institution of or the threat of institution of any Action or investigation related to this Agreement or the Transactions, provided, however, that the delivery of any notice pursuant to this Section 7.7 6.4(b) shall not be deemed to (ix) modify the representations or warranties hereunder cure any breach of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth representation of warranty by Buyer or any non-compliance by Buyer with any other provision contained in Sections 8 and 9, this Agreement or (iiiy) limit or otherwise affect the remedies available hereunder to any party receiving such noticeSeller under this Agreement.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS Company and the COMPANY Stockholders shall give prompt notice to PARENT UniCapital of (i) the occurrence or non-occurrence of any event known to any Stockholder or the Company the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. .
(b) UniCapital shall give prompt notice to the COMPANY each Stockholder of (i) the occurrence or non-occurrence of any event known to UniCapital the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT or such ACQUISITION CORP. UniCapital to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(c) The delivery of any notice pursuant to this Section 7.7 8.13 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.14, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Contribution (Unicapital Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Compass shall give prompt written notice to PARENT Shareholder of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the whose occurrence or non-occurrence of which nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of the COMPANY or the STOCKHOLDERS Compass contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date (assuming that each representation and warranty was re-affirmed as of each day between the date hereof and the Closing Date, inclusive), or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect; or
(ii) any material failure of Compass, any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The .
(b) Shareholder shall give prompt written notice to Compass of the following:
(i) the occurrence or nonoccurrence of any event whose occurrence or nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of Shareholder contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing (assuming that each representation and warranty was re-affirmed as of each day between the date hereof and the Closing Date, inclusive); or (B) directly or indirectly, any Material Adverse Effect;
(ii) any material failure of Shareholder or any employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not waive or release Compass or Shareholder, as the case may be, from their representations, warranties, covenants or agreements under this Agreement, except as they may be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth modified and approved in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeaccordance with this Agreement.
Appears in 1 contract
Sources: Stock Exchange Agreement (Compass Knowledge Holdings Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY shall give prompt notice to PARENT VPI of (i) the occurrence or non-non- occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT VPI and the ACQUISITION CORP. NEWCO shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT VPI or such ACQUISITION CORP. NEWCO contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT VPI or such ACQUISITION CORP. NEWCO to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 that is not accompanied by a proposed amendment or supplement to a schedule pursuant to Section 7.8 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Organization (Vacation Properties International Inc)
Notification of Certain Matters. The STOCKHOLDERS Stockholders and the COMPANY Company shall give prompt notice to PARENT ARS of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS any Stockholder contained herein to be untrue or inaccurate incorrect in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by that Person hereunder, provided that no such person hereunder. PARENT notice shall be required until ARS shall give notice to the Company and the ACQUISITION CORPStockholders of the date scheduled for the Closing with respect to the occurrence in the ordinary course of business and consistent with past practice of the Company or any Company Subsidiary, as the case may be, of any condition or state of facts which would cause any of Sections 4.16, 4.17, 4.18, 4.19 and 4.21 of the Disclosure Statement to be incorrect. ARS shall give prompt notice to the COMPANY Company of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT ARS or such ACQUISITION CORP. Newco contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT ARS or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery -43- of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.08, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Sources: Merger Agreement (Timmons Gorden H)
Notification of Certain Matters. The STOCKHOLDERS and the each COMPANY shall ------------------------------- give prompt notice to PARENT USFLORAL of (i) the occurrence or non-occurrence of any event known to any STOCKHOLDER or COMPANY the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Section 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER or the any COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. USFLORAL shall give prompt notice to the COMPANY each STOCKHOLDER of (i) the occurrence or non-non- occurrence of any event known to USFLORAL the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Section 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT or such ACQUISITION CORP. USFLORAL to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 8.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.8, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Contribution (U S a Floral Products Inc)
Notification of Certain Matters. The STOCKHOLDERS Each of the parties (and the COMPANY ▇▇▇▇▇▇▇, as indicated by his signature below) shall give prompt notice to PARENT the other party, of (i) the occurrence discovery of a fact or non-occurrence facts of which the notifying party has actual knowledge which cause it to conclude that any of the representations, warranties or statements made by it or in an any exhibit, schedule or other document delivered pursuant to this Agreement, may be false or misleading or omission of any facts necessary in order to make such representations, warranties or statements not false or misleading; (ii) the occurrence, or failure to occur, of any event the which occurrence or non-occurrence of which failure would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein made by them in this Agreement to be untrue or inaccurate in any material respect at or prior time from the date hereof to the Closing Date or the Funding and Consummation Date Date; and (iiiii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. notifying party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery Each party hereto shall use all reasonable efforts to remedy any failure on its or his part to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. During the period from the date of this Agreement to the Closing Date, each Company agrees (and ▇▇▇▇▇▇▇ agrees as indicated by his signature below) to promptly notify Purchaser of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify material change in, or outside of, the representations normal course of business or warranties hereunder operations of either Company and of any partyGovernmental or Regulatory Authority complaints, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9investigative hearings, or the institution, threat (iiito the extent ▇▇▇▇▇▇▇ and either Company have or should have knowledge of such threat) limit or otherwise affect settlement of litigation, in each case involving an amount in excess of $5,000 and relating to either Company, and shall keep Purchaser fully informed in reasonable detail of such events. Neither Company shall enter into any settlements over $5,000 in connection with any such litigation without the remedies available hereunder to any party receiving such noticeprior written consent of Purchaser.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS Company and the COMPANY Stockholder shall give prompt notice to PARENT UniCapital of (i) the occurrence or non-occurrence of any event known to any Stockholder or Company the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 6 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of any STOCKHOLDER Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. .
(b) UniCapital shall give prompt notice to the COMPANY Stockholder of (i) the occurrence or non-occurrence of any event known to UniCapital or Newco the occurrence or of non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 7 to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Merger Effective Date and (ii) any material failure of PARENT UniCapital or such ACQUISITION CORP. Newco to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(c) The delivery of any notice pursuant to this Section 7.7 8.13 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.88.14, (ii) modify the conditions set forth in Sections 8 9 and 9, 10 or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Contribution (Unicapital Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Owner shall give prompt notice to PARENT Apple of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Owner contained herein to be untrue or inaccurate incorrect in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of any STOCKHOLDER or the COMPANY Owner to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by the Owner hereunder, provided that no such person hereundernotice shall be required until Apple shall give notice to the Owner of the date scheduled for the Closing with respect to the occurrence in the ordinary course of business and consistent with past practice of the Owner of any condition or state of facts which would cause any Sections of the Disclosure Statement to be incorrect. PARENT and the ACQUISITION CORP. Apple shall give prompt notice to the COMPANY Owner of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT or such ACQUISITION CORP. Apple contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT or such ACQUISITION CORP. Apple to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.07 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.08, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Notification of Certain Matters. 5.7.1 The STOCKHOLDERS Stockholders and the COMPANY shall give prompt notice to PARENT ATOW of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Stockholders contained herein to be untrue or inaccurate in any material respect at on or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER Stockholders or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT hereunder with respect to the occurrence in the Ordinary Course of Business of any event which would cause Schedules 3.11, 3.12 or 3.15 to be incorrect.
5.7.2 ATOW and the ACQUISITION CORP. ATOWSUB shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. ATOW and ATOWSUB contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. ATOWSUB to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
5.7.3 The delivery of any notice pursuant to this Section 7.7 5.7 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe Party delivering such notice, which modification may only be made pursuant to Section 7.8, 5.8; (ii) modify the conditions set forth in Sections 8 6 and 9, 7; or (iii) limit or otherwise affect the remedies available hereunder to any party the Party receiving such notice.
Appears in 1 contract
Sources: Merger Agreement (1 800 Autotow Inc)
Notification of Certain Matters. The STOCKHOLDERS VEO and the COMPANY Principal Shareholders shall give prompt notice to PARENT C1 of (i) the occurrence or non-occurrence of any event event, the occurrence or non-non- occurrence of which would be is likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS VEO and C1, respectively, contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Effective Time and (ii) any material failure of any STOCKHOLDER VEO or C1, as the COMPANY case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any all material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy respects any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 5.10 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the any remedies available hereunder to any the party receiving such notice. No disclosure by VEO pursuant to this Section 5.10 shall be deemed to amend or supplement the VEO Disclosure Schedule or prevent or cure any misrepresentation, breach of warranty or breach of covenant. C1 shall give prompt notice to VEO of (i) the occurrence or non-occurrence of any event, the occurrence or non-occurrence of which is likely to cause any representation or warranty of C1 and VEO, respectively, contained in this Agreement to be untrue or inaccurate in any material respect at or prior to the Effective Time and (ii) any failure of C1 or VEO, as the case may be, to comply with or satisfy in all material respects any covenant, condition or agreement to be complied with or satisfied by it hereunder; provided, however, that the delivery of any notice pursuant to this Section 5.10 shall not limit or otherwise affect any remedies available to the party receiving such notice. No disclosure by C1 pursuant to this Section 5.10 shall be deemed to amend or supplement the C1 Disclosure Schedule or prevent or cure any misrepresentation, breach of warranty or breach of covenant.
Appears in 1 contract
Sources: Merger Agreement (Commerce One Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Compass shall give prompt written notice to PARENT UFF of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the whose occurrence or non-occurrence of which nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of the COMPANY or the STOCKHOLDERS Compass contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date (assuming that each representation and warranty was re-affirmed as of each day between the date hereof and the Closing Date, inclusive), or the Funding and Consummation Date and (B) directly or indirectly, any Material Adverse Effect (as defined below); or
(ii) any material failure of Compass or any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(b) UFF shall give prompt written notice to Compass of the following:
(i) the occurrence or nonoccurrence of any event whose occurrence or nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of UFF contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing (assuming that each representation and warranty was re-affirmed as of each day between the date hereof and the Closing Date, inclusive); or (B) directly or indirectly, any Material Adverse Effect;
(ii) any material failure of UFF or any employee or agent thereof to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) In the event that either Compass or UFF is required to deliver a written notice pursuant to subsection (a) or (b) above, respectively, such party shall, immediately after delivery of such notice, deliver to the other party a revised Schedule updating such representation or warranty. The receiving party shall review the Schedule and within twenty-four (24) hours after its receipt elect to either (i) approve the Schedule for attachment to this Agreement and treat such Schedule as if it had been delivered and attached to this Agreement as of the Schedule Delivery Date, or (ii) treat such Schedule and the events giving rise to such Schedule as a breach of such related representation or warranty in accordance with the terms of this Agreement; provided, however, that any events which are permitted to occur between the date hereof and the Closing, pursuant to the terms of this Agreement, shall in no event be treated as a breach of a representation or warranty hereunder.
(d) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not waive or release Compass or UFF, as the case may be, from its representations, warranties, covenants or agreements under this Agreement, except as they may be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth modified and approved in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeaccordance with this Agreement.
Appears in 1 contract
Sources: Stock Purchase Agreement (Compass Knowledge Holdings Inc)
Notification of Certain Matters. The STOCKHOLDERS Stockholder, the MTM Stockholders and the COMPANY Company shall give prompt notice to PARENT Purchaser of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would becomes known to them and which will or reasonably could be likely expected to cause any representation or warranty of the COMPANY Company, the Stockholder or the STOCKHOLDERS any MTM Stockholder contained herein to be untrue or inaccurate incorrect in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of the Stockholder, any STOCKHOLDER MTM Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person that Person hereunder. PARENT and the ACQUISITION CORP. Purchaser shall give prompt notice to the COMPANY Company of (ia) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT Purchaser or such ACQUISITION CORP. Merger Sub contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or on the Funding and Consummation IPO Closing Date and (iib) any material failure of PARENT Purchaser or such ACQUISITION CORP. Merger Sub to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 6.5 shall not be deemed to (ia) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made only pursuant to Section 7.86.6, (iib) modify the conditions set forth in Sections 8 and 9, Article VII or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Omnilynx Communications Corp)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) Seller Parties shall give prompt written notice to PARENT Buyer of any of the following matters of which Seller Parties have Knowledge: (i) the occurrence or non-occurrence of any event Event, the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of any Seller Party contained in this Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such Event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and inaccurate, (ii) the occurrence of any material Event that, individually or in combination with any other Events, has had or could reasonably be expected to have a Material Adverse Effect, (iii) any failure of any STOCKHOLDER or the COMPANY Seller Party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery hereunder or any Event that would otherwise result in the nonfulfillment of any of the conditions to Buyer’s obligations hereunder, (iv) any notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with the consummation of the transactions contemplated by this Agreement or the Transaction Documents or (v) any Proceeding pending or threatened against a Party or the Parties relating to the transactions contemplated by this Agreement or the Transaction Documents.
(b) Notwithstanding anything to the contrary contained herein, no notice delivered pursuant to this Section 7.7 6.3(a), nor any other information Buyer may otherwise obtain from any Seller Party or other Person, shall not be deemed to (i) modify the representations cure any inaccuracy in or warranties hereunder breach of any partyrepresentation, which modification may only be made pursuant to Section 7.8warranty, (ii) modify covenant or agreement of any Seller Party contained in this Agreement or any Transaction Document or have any effect for any purposes under this Agreement or any Transaction Document, including determining the inaccuracy in or breach of any representation, warranty, covenant or agreement of any Seller Party contained in this Agreement, the satisfaction of the conditions set forth in Sections 8 and 9Section 8.2, any right of Buyer to terminate this Agreement under Section 9.1 or (iii) limit or otherwise affect the remedies available hereunder any Buyer Indemnified Party’s rights to any party receiving such noticeindemnification pursuant to Section 10.2.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT Parent and Merger Subsidiary of (i) the occurrence or non-occurrence of any event the whose occurrence or non-occurrence of which would be likely to cause (i) any representation or warranty of made by the COMPANY Company or the STOCKHOLDERS DSS Cleared Company contained herein in this Agreement which is qualified as to Material Adverse Effect to be untrue or inaccurate at any time from the date hereof to the Effective Time, (ii) any other representation or warranty made by the Company or the DSS Cleared Company contained in this Agreement to be untrue or inaccurate at any material respect time from the date hereof to the Effective Time (other than such untruth or inaccuracy which would not, individually or in the aggregate, have a Material Adverse Effect), (iii) any condition set forth in Section 7.1 or 7.3 to be unsatisfied at or prior any time from the date hereof to the Closing Date or the Funding and Consummation Date and (iiiv) any material failure on the part of any STOCKHOLDER the Company or the COMPANY DSS Cleared Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. .
(b) Parent shall give prompt notice to the Company of the occurrence or non-occurrence of any event whose occurrence or non-occurrence would be likely to cause (i) any representation or warranty made by Parent or Merger Subsidiary contained in this Agreement which is qualified as to materiality to be untrue or inaccurate at any time from the date hereof to the Effective Time, (ii) any other representation or warranty made by Parent or Merger Subsidiary contained in this Agreement to be untrue or inaccurate in a material respect at any time from the date hereof to the Effective Time, (iii) any condition set forth in Section 7.1 or 7.2 to be unsatisfied at any time from the date hereof to the Closing Date or (iv) any failure on the part of the Parent or Merger Subsidiary to comply with or satisfy in any material respect any material covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) The delivery of any notice pursuant to this Section 7.7 6.4 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such noticenotice or the right of such party to terminate this Agreement.
Appears in 1 contract
Sources: Merger Agreement (Miltope Group Inc)
Notification of Certain Matters. The STOCKHOLDERS From the date hereof and until the COMPANY shall Closing, Shareholders will give prompt notice to PARENT Buyer of (i) the occurrence existence or non-occurrence of any event each condition or state of facts which, to the occurrence or non-occurrence knowledge of which would be likely to the Companies and Shareholders, will cause any representation or warranty of the COMPANY Shareholders or the STOCKHOLDERS Companies contained herein to be untrue or inaccurate incorrect in any material respect at or prior to on the Closing Date or the Funding and Consummation Date and (ii) any material failure of a Shareholder or any STOCKHOLDER or the COMPANY Acquired Entity to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunderthat party hereunder as of the Closing Date. PARENT From the date hereof and until the ACQUISITION CORP. shall Closing, Buyer will give prompt notice to the COMPANY Shareholders of (i) the occurrence existence or non-occurrence of any event the occurrence each condition or non-occurrence state of facts which would will or reasonably could be likely expected to cause any representation or warranty of PARENT or such ACQUISITION CORP. Buyer contained herein to be untrue or inaccurate in any material respect at on or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Buyer to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to under this Section 7.7 shall 7.03 will not be deemed to (i) modify the representations or warranties hereunder herein of the party delivering that notice, or any other party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth or referred to in Sections 8 and 9, Article IV or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such that notice.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS (a) Each of the Company and the COMPANY Selling Members shall give prompt notice to PARENT Purchaser of (i) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or Company and/or the STOCKHOLDERS contained herein Selling Members set forth in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Effective Time, (ii) any material failure of any STOCKHOLDER the Company or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. Selling Members to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The , and (iii) any other event, condition, fact or circumstance that would make the timely satisfaction of any of the conditions set forth in Article 6 impossible or unlikely.
(b) Purchaser shall give prompt notice to the Company of (i) the occurrence or non-occurrence of any event, the occurrence or non-occurrence of which would reasonably be expected to cause any representation or warranty of Purchaser set forth in this Agreement to be untrue or inaccurate at or prior to the Effective Time, (ii) any failure of Purchaser to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder, and (iii) any other event, condition, fact or circumstance that would make the timely satisfaction of any of the conditions set forth in Article 6 impossible or unlikely.
(c) Subject to the provisions of Section 8.2, the delivery of any notice pursuant to this Section 7.7 5.2 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the any remedies otherwise available hereunder to any party, or (ii) constitute an acknowledgment or admission of a breach of this Agreement. Subject to the provisions of Section 8.2, no disclosure by any party receiving pursuant to this Section 5.2 shall affect or be deemed to modify, amend or supplement any representation or warranty set forth herein, the Disclosure Schedule or the conditions to the obligations of the parties to consummate the transactions contemplated hereby in accordance with the terms and conditions hereof, or limit any right to indemnification provided herein; provided however, notwithstanding any of the foregoing provisions of this Section 5.2 to the contrary, any party may update, modify or supplement the disclosures made in its own disclosure schedules attached to this Agreement at any time prior to the Closing for matters first occurring after the date hereof and the other party shall have the right to either (i) terminate this Agreement pursuant to Section 8.1(g) no later than three (3) business days immediately following such noticedisclosure, or (ii) if no such termination is made, then any such update or modification shall be deemed to have been accepted by the other party as of the Closing and any breach of any representation or warranty or covenant relating thereto shall be deemed to have been waived by such other party from and after the consummation of the Closing.
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Upland Software, Inc.)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY NFI shall give prompt notice to PARENT Investors to the extent that it acquires knowledge of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS NFI contained herein in this Agreement to be untrue or inaccurate in any material respect at as of the date hereof or prior to as of the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. NFI to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The Each Investor shall give prompt notice to NFI and the other Investor to the extent that it acquires knowledge of (A) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be reasonably likely to cause any representation or warranty of such Investor contained in this Agreement to be untrue or inaccurate as of the date hereof or as of the Closing Date, (B) any failure of such Investor to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder and (C) any event that would trigger the obligation for NFI or such Investor to file with the SEC or any other Governmental Entity a notification of change in beneficial ownership of the Convertible Shares or the Common Shares, as the case may be. Each of the Investors shall promptly file with the SEC or any other Governmental Entity any applicable change in beneficial ownership notifications, in connection with its ownership of the Convertible Shares or the Common Shares. Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 6.5 shall not be deemed to (i) modify affect the representations representations, warranties or warranties hereunder agreements of any partythe parties, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9to the performance by the parties hereunder, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Securities Purchase Agreement (Novastar Financial Inc)
Notification of Certain Matters. The STOCKHOLDERS Between the Agreement Date and the COMPANY shall give prompt Effective Time, each of Acquiror and Target shall, upon obtaining Knowledge of any of the following, promptly notify the other of:
(a) any notice or other communication from any person alleging that the consent of such person is or may be required in connection with the Merger;
(b) any actions, suits, claims, investigations or other judicial proceedings to PARENT have commenced or have been threatened against such person or any of its Subsidiaries which, if pending on the Agreement Date, would have been required to have been disclosed pursuant to Section 2.9 hereof or which relate to the consummation of the Merger;
(ic) any breach or inaccuracy of any representation or warranty made by such person as of the Agreement Date;
(d) the occurrence or non-occurrence of any other event the occurrence or non-occurrence of which would be is likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS such person contained herein in this Agreement to be materially untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and Effective Time; and
(iie) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. Additionally, Target shall promptly notify Acquiror of any adverse determination or recommendation in connection with any governmental proceeding to license any of Target’s products and any report filed with the FDA regarding any adverse event with respect to any such product. The delivery of any notice pursuant to this Section 7.7 5.15 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the any rights, obligations, or remedies available hereunder to any party receiving such noticea party.
Appears in 1 contract
Notification of Certain Matters. (a) The STOCKHOLDERS BSC Parties will give prompt written notice to the Stockholders' Representative and the COMPANY shall give prompt notice to PARENT Trust of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of a BSC Party contained in this Agreement, if made on or immediately following the COMPANY or the STOCKHOLDERS contained herein to be date of such event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and inaccurate, (ii) any material failure of a BSC Party, or any STOCKHOLDER or the COMPANY Affiliate of a BSC Party to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by such person hereunder. PARENT it hereunder or any event or condition that would otherwise reasonably be expected to result in the nonfulfillment of any of the conditions to the obligations of the Stockholders' Representative or the Trust hereunder or (iii) any Action pending or, to Parent, Scimed or the Company's knowledge, threatened against a Party or the Parties, relating to this Agreement or the transactions contemplated hereby.
(b) The Trust and the ACQUISITION CORP. shall Stockholders' Representative will give prompt written notice to the COMPANY Parent of (i) the occurrence or non-occurrence of any change, condition or event the occurrence or non-occurrence of which would be likely to cause render any representation or warranty of PARENT the Stockholders' Representative or the Trust contained in this Agreement, if made on or immediately following the date of such ACQUISITION CORP. contained herein to be event, untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and inaccurate, (ii) any material failure of PARENT the Stockholders' Representative or such ACQUISITION CORP. the Trust to comply with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it hereunder. The delivery hereunder or any event or condition that would otherwise reasonably be expected to result in the nonfulfillment of any notice pursuant to this Section 7.7 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, to the obligations of the BSC Parties hereunder or (iii) limit any Action pending or, to Parent, Scimed or otherwise affect the remedies available hereunder Company's knowledge, threatened against a Party or the Parties, relating to any party receiving such noticethis Agreement or the transactions contemplated hereby.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) ARMT shall give prompt written notice to PARENT Shareholders of the following:
(i) the occurrence or non-occurrence nonoccurrence of any event the whose occurrence or non-occurrence of which nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of the COMPANY or the STOCKHOLDERS ARMT contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior any time from the date hereof to the Closing Date (assuming that each representation and warranty was re-affirmed as of each day between the date hereof and the Closing Date, inclusive), or the Funding and Consummation Date and (B) any Material Adverse Effect; or
(ii) any material failure of ARMT or any STOCKHOLDER officer, director, employee or the COMPANY to comply with or satisfy any covenantagent thereof, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The .
(b) Shareholders shall give prompt written notice to ARMT of the following:
(i) the occurrence or nonoccurrence of any event whose occurrence or nonoccurrence would be reasonably likely to cause either (A) any representation or warranty of Shareholders or Air Response Entities contained in this Agreement to be untrue or inaccurate in any material respect at any time from the date hereof to the Closing (assuming that each representation and warranty was re- affirmed as of each day between the date hereof and the Closing Date, inclusive); or (B) any Material Adverse Effect;
(ii) any material failure of Shareholders, Air Response Entities or any employee or agent thereof, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.
(c) Notwithstanding the foregoing, the delivery of any notice pursuant to this Section 7.7 shall not waive or release Capece, ARMT, Air Response Entities or Shareholders, as the case may be, ▇▇▇▇ their representations, warranties, covenants or agreements under this Agreement, except as they may be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth modified and approved in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticeaccordance with this Agreement.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY Company shall give prompt notice to PARENT of Parent of: (ia) any representation or warranty contained in Article 3 being untrue or inaccurate when made, (b) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which development that would cause (or could reasonably be likely expected to cause cause) any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article 3 to be untrue or inaccurate in any material respect at or prior to on the Closing Date or the Funding and Consummation Date and Date, (iic) any material failure of any STOCKHOLDER or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person them hereunder, and/or (d) the Company’s becoming aware of any representation and warranty contained in Article 4 being or becoming untrue or inaccurate when made or as of a later date. PARENT and the ACQUISITION CORP. Parent shall give prompt notice to the COMPANY of Company of: (iw) any representation or warranty contained in Article 4 being untrue or inaccurate when made, (x) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which development that would cause (or could reasonably be likely expected to cause cause) any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article 4 to be untrue or inaccurate in any material respect at or prior to on the Closing Date or the Funding and Consummation Date and Date, (iiy) any material failure of PARENT or such ACQUISITION CORP. Parent to comply with or satisfy any covenant, condition condition, or agreement to be complied with or satisfied by it hereunder. The delivery , and/or (z) Parent’s becoming aware of any notice representation and warranty contained in Article 3 being or becoming untrue or inaccurate when made or as of a later date. No disclosure by any party pursuant to this Section 7.7 5.5, however, shall not be deemed to (i) modify amend or supplement the representations Disclosure Schedule or warranties hereunder to prevent or cure any misrepresentation, breach of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9warranty, or (iii) limit or otherwise affect the remedies available hereunder to any party receiving such noticebreach of covenant.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY shall give prompt notice to PARENT VPI of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. VPI shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. VPI contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. VPI to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 that is not accompanied by a proposed amendment or supplement to a schedule pursuant to Section 7.8 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Organization (Vacation Properties International Inc)
Notification of Certain Matters. The STOCKHOLDERS and the COMPANY (a) A Party shall give prompt notice to PARENT the other Parties of (i) the occurrence occurrence, or non-occurrence occurrence, of any event the occurrence occurrence, or non-occurrence occurrence, of which would be likely to cause results in any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein to be in this Agreement being untrue or inaccurate in any material respect at (or, in the case of any representation or prior to the Closing Date warranty qualified by its terms by materiality or the Funding Material Adverse Effect, then untrue or inaccurate in any respect) and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Parties, as the case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. shall give prompt notice to the COMPANY of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; PROVIDED, HOWEVER, that the delivery of any notice pursuant to this Section 7.7 7.6 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
(b) A Party shall give prompt notice to the other Parties of (i) any notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with the Merger; (ii) any notice or other communication from any Governmental Authority in connection with the Merger; (iii) any Litigation, relating to or involving or otherwise affecting such Party that relates to the consummation of the Merger; (iv) the occurrence of a default or event that, with notice or lapse of time or both, will become a default under any contract which is material to Curis or any Company Material Contract of such Party; and (v) any change that is reasonably likely to have a Material Adverse Effect on such Party or is likely to delay or impede the ability of any Party to consummate the transactions contemplated by this Agreement or to fulfill their respective obligations set forth herein.
(c) Each of the Parties shall give (or shall cause their respective Subsidiaries to give) any notices to third Persons, and use, and cause their respective Subsidiaries to use, all reasonable efforts to obtain any consents from third Persons (i) necessary, proper or advisable to consummate the transactions contemplated by this Agreement, (ii) otherwise required under any contracts, licenses, leases or other agreements in connection with the consummation of the transactions contemplated hereby or (iii) required to prevent a Material Adverse Effect on any of the Parties from occurring. If any Party shall fail to obtain any such consent from a third Person, such Party shall use all reasonable efforts, and will take any such actions reasonably requested by the other Parties, to limit the adverse effect upon them, their respective Subsidiaries, and their respective businesses resulting, or which would result after the Effective Time, from the failure to obtain such consent.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS (a) Each of Utah Holding and the COMPANY Company shall give prompt notice to PARENT of Buyer of, in each case to the extent within the Company’s knowledge: (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause has caused any representation or warranty of the COMPANY or the STOCKHOLDERS contained herein in Article V to be untrue or inaccurate inaccurate, in any material respect respect, at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the COMPANY Company Group Member to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. Each Seller shall give prompt notice to Buyer of, in each case to the COMPANY of extent within such Seller’s knowledge: (i) the occurrence or non-occurrence of any event which has caused any representation or warranty made by such Seller in Article IV to be untrue or inaccurate, in any material respect, at or prior to the Closing and (ii) any breach by such Seller in any material respect of any covenant or agreement hereunder to be complied with by it hereunder. The Buyer shall give prompt notice to the Company of, in each case to the extent within the Buyer’s knowledge: (i) the occurrence or non-occurrence of any event which would be likely to cause has caused any representation or warranty of PARENT or such ACQUISITION CORP. contained herein in Article VI to be untrue or inaccurate inaccurate, in any material respect respect, at or prior to the Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. the Buyer to comply in any material respect with or satisfy any covenant, condition covenant or agreement to be complied with or satisfied by it the Buyer hereunder. The Subject to Section 7.5(b), the delivery of any notice pursuant to this Section 7.7 7.5 shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the Party delivering such notice, (ii) modify the conditions set forth in Sections 8 and 9, Article VIII or (iii) limit or otherwise affect the remedies available hereunder to any Party.
(b) The Sellers and the Company Group Members shall have the right from time to time prior to the Closing to supplement or amend the Disclosure Schedule with respect to any matter arising after the date hereof which if existing or known at the date of this Agreement would have been required to be set forth or described in the Disclosure Schedule (a “Disclosure Update”). The Disclosure Updates shall be deemed to be incorporated into and to supplement and amend the Disclosure Schedule as of the Closing Date and will be deemed to have cured any misrepresentation or breach of warranty made at the Closing or pursuant to any certificate delivered at the Closing solely for the purpose of satisfying the closing conditions set forth in Section 8.2 that otherwise might have existed hereunder by reason of any matter, fact or circumstance arising after the date hereof that is disclosed on such Disclosure Update; provided, however, if an event, development or occurrence which is the subject of the Disclosure Update has had a Company Material Adverse Effect that is incapable of being cured prior to the Closing Date, then the Buyer shall have the right to terminate this Agreement at any time before the Closing for failure to satisfy the closing condition set forth in Section 8.2(f); provided further, however, that no such Disclosure Update shall affect nor limit any rights and remedies available to Buyer (including the right to indemnification in Article IX). Nothing in this Agreement, including this Section 7.5(b), shall imply that any party receiving such noticeis making any representation or warranty as of any date other than the date of this Agreement and the Closing Date.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS Between the date of this Agreement and the COMPANY Closing Date or the earlier termination of this Agreement, the Voting Stockholders and the Company shall give prompt notice to PARENT the Acquiror of (ia) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of the COMPANY Company or the STOCKHOLDERS Voting Stockholders contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material failure of any STOCKHOLDER Voting Stockholder or the COMPANY Company to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person Person hereunder. PARENT Between the date of this Agreement and the ACQUISITION CORP. Closing Date or the earlier termination of this Agreement, the Acquiror shall give prompt notice to the COMPANY Company of (ia) the occurrence or nonoccurrence of any event, the occurrence or non-occurrence of any event the occurrence or non-occurrence of which which, would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. the Acquiror contained herein to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date and (iib) any material failure of PARENT or such ACQUISITION CORP. the Acquiror to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 5.7 shall not be deemed to (ia) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8the party delivering such notice, (iib) modify the conditions set forth in Sections 8 Articles VI and 9VII, or (iiic) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Notification of Certain Matters. The STOCKHOLDERS and the each COMPANY shall give prompt notice to PARENT VPI of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of the any COMPANY or the STOCKHOLDERS contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of any STOCKHOLDER or the any COMPANY to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such person hereunder. PARENT and the ACQUISITION CORP. VPI shall give prompt notice to the COMPANY COMPANIES of (i) the occurrence or non-occurrence of any event the occurrence or non-occurrence of which would be likely to cause any representation or warranty of PARENT or such ACQUISITION CORP. VPI contained herein to be untrue or inaccurate in any material respect at or prior to the Pre-Closing Date or the Funding and Consummation Date and (ii) any material failure of PARENT or such ACQUISITION CORP. VPI to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder. The delivery of any notice pursuant to this Section 7.7 that is not accompanied by a proposed amendment or supplement to a schedule pursuant to Section 7.8 shall not be deemed to (i) modify the representations or warranties hereunder of any partythe party delivering such notice, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iii) limit or otherwise affect the remedies available hereunder to any the party receiving such notice.
Appears in 1 contract
Sources: Agreement and Plan of Organization (Vacation Properties International Inc)
Notification of Certain Matters. The STOCKHOLDERS and (1) During the COMPANY Interim Period, the Corporation shall give prompt (not more than two (2) Business Days) notice to PARENT of Buyer of: (i) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty of the COMPANY or the STOCKHOLDERS Corporation contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Date, and (ii) any material failure of any STOCKHOLDER or the COMPANY Corporation to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with or satisfied by such person it hereunder. PARENT and ; provided, however, that the ACQUISITION CORP. delivery of any notice pursuant to this Section 6.11(1) shall not (A) limit or otherwise affect any remedies available to Buyer or (B) be deemed to amend or supplement the Disclosure Schedule or prevent or cure any inaccuracy, misrepresentations, breach of warranty or breach of covenant.
(2) During the Interim Period, Buyer shall give prompt (not more than two (2) Business Days) notice to the COMPANY of Sellers’ Representative of: (i) the occurrence or non-occurrence of any event event, the occurrence or non-occurrence of which would reasonably be likely expected to cause any representation or warranty warrant of PARENT Buyer or such ACQUISITION CORP. Internap contained herein in this Agreement to be untrue or inaccurate in any material respect at or prior to the Closing Date or the Funding and Consummation Date Date, and (ii) any material failure of PARENT Buyer or such ACQUISITION CORP. Internap to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with or satisfied by it hereunder. The ; provided, however, that the delivery of any notice pursuant to this Section 7.7 6.11(2) shall not be deemed to (i) modify the representations or warranties hereunder of any party, which modification may only be made pursuant to Section 7.8, (ii) modify the conditions set forth in Sections 8 and 9, or (iiiA) limit or otherwise affect the any remedies available hereunder to the Sellers or (B) be deemed to prevent or cure any party receiving such noticeinaccuracy, misrepresentations, breach of warranty or breach of covenant.
Appears in 1 contract
Sources: Share Purchase Agreement (Internap Network Services Corp)