Notice of Subsequent Event or Discovery. Prior to Closing, each Party shall give the other prompt notice of its discovery of any event or condition which has the effect of making any representations contained in Section 5 materially inaccurate.
Notice of Subsequent Event or Discovery. Prior to Closing, each Party shall give the other prompt notice of its discovery of any event or condition which has the effect of making any representations contained in Section 5 materially inaccurate, either when made or as of Closing. If it is reasonably likely that such event or condition can be remedied prior to the Last Closing date, so as to remove such material inaccuracy and correct any material adverse effect that the other Party would otherwise suffer, and if the representing Party undertakes in writing to the other Party, within ten Days after giving or receiving such notice, to use all commercially reasonable efforts to effect such remedy, then so long as it is making such efforts the representing Party shall have until the Last Closing Date to complete such remedy (as well as the right to extend the Last Closing Date by up to 30 Days for the purpose of completing such remedy) and the other Party shall not be entitled, prior to the Last Closing Date or (if earlier) the cessation of such efforts, to terminate this Agreement by reason of such inaccuracy; provided, however, that this sentence shall not apply to Buyer's failure to obtain by the Approval Date the approval of its board of directors to its purchase of the Hotel. Where such event or condition constitutes a breach of a Party's representations contained herein, though, nothing in this Section 5.6 shall be deemed to limit the other Party's right after Closing to recover monetary damages for such breach, to the extent such breach is not cured prior to Closing.
Notice of Subsequent Event or Discovery. Prior to Closing, Seller shall give Buyer prompt notice of its discovery of any event or condition which has the effect of making any of Seller’s representations contained in Section 5.1 materially inaccurate, either when made or as of the Closing. Any notice from Seller to Buyer (or if applicable, from Buyer to Seller if Buyer makes such determination) with respect to a determination that any of Seller’s representations in Section 5.1 will be materially inaccurate as of Closing, shall state in reasonable detail the facts and circumstances on which such determination is based. If it is reasonably likely that such event or condition can be remedied within thirty (30) days, so as to remove such material inaccuracy, and if Seller undertakes in writing to Buyer, within ten (10) days after receiving such notice, to use all commercially reasonable efforts to effect such remedy, then so long as it is making such efforts the representing Party shall have the right to extend the Scheduled Closing Date by no more than thirty (30) days to complete such remedy and Buyer shall not be entitled, prior to the Scheduled Closing Date (as so extended) or (if earlier) the cessation of such efforts, to terminate this Agreement by reason of such inaccuracy.
Notice of Subsequent Event or Discovery. Prior to Closing, Buyer and Seller shall each give the other prompt notice of its discovery of any event or condition which has the effect of making any representations and warranties contained in SECTION 6 materially inaccurate. From and after the Closing, Buyer shall in good faith endeavor to notify Seller within thirty (30) days after discovery thereof by the Hotel general manager, controller, Xxxx Xxxx, Xxxxx Xxxxxxx, Xxxx Xxxxxxxxx, or Xxxx Xxxxxxx of actual knowledge of any condition or state of facts which constitutes a breach of any such representations and warranties. If Buyer fails to timely notify Seller of such breach (despite any good faith endeavor), Buyer shall be conclusively deemed to have waived such breach.
Notice of Subsequent Event or Discovery. Prior to Closing, each Party shall in good faith endeavor to give the other prompt notice of its discovery of any event or condition which has the effect of making any of Seller’s representations contained in Section 5 materially inaccurate, either when made or as of the Closing. If it is reasonably likely that such event or condition can be remedied within thirty (30) Days, so as to remove such material inaccuracy, and if Seller undertakes in writing to Buyer, within ten (10) Days after giving or receiving such notice, to use all commercially reasonable efforts to effect such remedy, then so long as it is diligently making such efforts Seller shall have the right to extend the Closing Date by no more than thirty (30) Days to complete such remedy and Buyer shall not be entitled, prior to the Closing Date (as so extended), to terminate this Agreement by reason of such inaccuracy.
Notice of Subsequent Event or Discovery. Prior to Closing, each Party shall give the other prompt notice of its discovery of any event or condition which has the effect of making any of Seller’s representations contained in Section 5 materially inaccurate. If it is reasonably likely that such event or condition can be remedied within 30 days, so as to remove such material inaccuracy, and if Seller undertakes in writing to Buyer, within ten Days after receiving such notice, to use all commercially reasonable efforts to effect such remedy, then so long as it is making such efforts Seller shall have the right to extend the Last Closing Date by no more than 30 days to complete such remedy and Buyer shall not be entitled, prior to the Last Closing Date (as so extended) or (if earlier) the cessation of such efforts, to terminate this Agreement by reason of such inaccuracy.
