Common use of Leakage Clause in Contracts

Leakage. (a) From the date hereof until the date that is two (2) Business Days prior to the anticipated Closing Date, Seller shall notify Buyer promptly upon becoming aware of the occurrence of any Leakage, and shall provide to Buyer such information as Buyer may reasonably request relating thereto. Not less than two (2) Business Days prior to the anticipated Closing Date, Seller shall provide to Buyer a statement identifying in reasonable detail all amounts of Leakage that, to Seller’s Knowledge, have occurred or will occur on or prior to the Closing Date.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement, Stock and Asset Purchase Agreement (Hartford Financial Services Group Inc/De)

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Leakage. (a) From the date hereof until the date that is two (2) Business Days prior to the anticipated Closing Date, Seller shall notify Buyer promptly upon becoming aware aware, of the occurrence payment or incurrence (including pursuant to any contract or agreement providing therefor) of any LeakageLeakage by the Company, and shall provide to Buyer such information as Buyer may reasonably request relating thereto. Not less than two (2) Business Days prior to the anticipated Closing Date, Seller shall provide to Buyer a statement identifying in reasonable detail all amounts of Leakage that, to Knowledge of Seller’s Knowledge, have occurred or will occur on or prior to the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Fire Group Inc)

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Leakage. (a) From the date hereof until the date that is two (2) Business Days prior to the anticipated Closing Date, Seller shall notify Buyer Purchasers promptly upon becoming aware of the occurrence of any Leakage, and shall provide to Buyer each Purchaser such information as Buyer such Purchaser may reasonably request relating thereto. Not less than two five (25) Business Days prior to the anticipated Closing Date, Seller shall provide to Buyer Purchasers a statement identifying in reasonable detail all amounts of Leakage that, to the Knowledge of Seller’s Knowledge, have occurred or will occur on or prior to the Closing Date.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (American International Group Inc)

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