Advice of Changes; Macrospace Updates Sample Clauses


Advice of Changes; Macrospace Updates. Each Macrospace Shareholder will promptly advise Sorrent in writing of any event occurring subsequent to the Agreement Date that would render any representation or warranty of such Macrospace Shareholder contained in Section 3.1 of Article 3, if made on or as of the date of such event or the Closing Date, untrue or inaccurate in any material respect. Each Founder, individually or collectively, will promptly advise Sorrent in writing of any (a) event occurring subsequent to the Agreement Date that would render any representation or warranty contained in Section 3.1.10 through 3.24 of Article 3, if made on or as of the date of such event or the Closing Date, untrue or inaccurate in any material respect of which such Founder has knowledge, (b) Material Adverse Change of Macrospace of which such Founder has knowledge, and (c) any change to Exhibit A, including a change resulting from a termination of Options outstanding as of the Agreement Date. After the Agreement Date and until the Closing Date, one or more of the Founders shall deliver to Sorrent, on a weekly basis, updates to the Macrospace Disclosure Letter by reference to the facts and circumstances existing at the time of such updated Macrospace Disclosure Letter (which shall set forth appropriate disclosures with respect to representations and warranties that have become, untrue or inaccurate as of the date of such updated Macrospace Disclosure Letter), including an update to be delivered to Sorrent not less than three (3) business days prior to the Closing Date (each such update to the Macrospace Disclosure Letter, a “Macrospace Update”).