Common use of Update Disclosure Clause in Contracts

Update Disclosure. From and after the date hereof until the ----------------- Acquisition Merger Effective Time, the parties hereto shall promptly update Schedules I and II hereto by notice to the other party to reflect any matters which have occurred from and after the date hereof which, if existing on the date hereof, would have been required to be described therein and which, in the case of all such updates other than the last such update prior to the Acquisition Merger Effective Time, reflect a material change from the information provided in Schedule I or Schedule II, as applicable, as of the date hereof; provided, however, that no such update shall affect the conditions to the obligation of either party to consummate the transactions contemplated hereby, and any and all changes reflected in any such update shall be considered in determining whether such conditions have been satisfied.