Common use of Subsequent Developments Clause in Contracts

Subsequent Developments. After the date of this Agreement and until the Closing Date, Seller shall keep Purchaser fully informed of all subsequent developments ("Subsequent Developments") which would cause any of Seller's representations contained in this Agreement to be no longer accurate in any material respect. In the event any of Seller's representations contained in this Agreement are, as of the Closing Date, no longer accurate in any material respect, Purchaser shall have the right to elect to terminate this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Harrahs Entertainment Inc)

Subsequent Developments. After the date of this Agreement and until ----------------------- the Closing Date, Seller Sellers shall keep Purchaser fully informed of all subsequent developments ("Subsequent Developments") which would cause any of Seller's Sellers' representations contained in this Agreement to be no longer accurate in any material respect. In the event any of Seller's representations contained in this Agreement are, as of the Closing Date, no longer accurate in any material respect, Purchaser shall have the right to elect to terminate this Agreement.

Appears in 1 contract

Sources: Purchase Agreement (American General Hospitality Corp)