Common use of Conflicting Information Clause in Contracts

Conflicting Information. If, following the Effective Date, Optionor becomes aware of new information, conditions, or events that result in any representation or warranty of Optionor being untrue in any material respect, then Optionor shall provide Optionee with prompt notice thereof, in which event each Lot affected thereby shall be deemed to be an Excluded Lot and Section 4.3 above shall apply, except that the cure shall be with respect to the new information, conditions, or events, rather than a title defect.