Subsequent Developments. After the date of this Agreement and until ----------------------- the Closing Date, Seller shall keep Purchaser fully informed of all subsequent developments of which Seller's Representatives become aware ("Subsequent Developments") which would cause any of Seller's representations contained in this Agreement to be no longer accurate in any material respect. If any such subsequent development possibly causes a breach or violation of this Agreement, Seller shall not be considered in breach or violation of this Agreement if Purchaser (i) receives notice therefrom from Seller at least five (5) business days prior to expiration of the Review Period and does not raise same in an Objection Notice; or (ii) Purchaser consummates the acquisition of the Hotel, upon the occurrence of either of which, such violation or breach shall be deemed waived by Purchaser. Further, Seller shall have until January 15, 1997 to confirm internally the accuracy of all representations, warranties, disclosures and statements of Seller contained in this Section 9.2 or elsewhere in this Agreement. If Seller discovers any inaccuracy in any such item, it shall not be in breach or violation of this Agreement provided that Seller shall disclose such item to Purchaser in writing by January 15, 1997.
Appears in 3 contracts
Sources: Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp)