Common use of Obligation to Update Clause in Contracts

Obligation to Update. From the period following the Effective Date to and including the Closing Date, Seller agrees promptly to notify Buyer upon Seller becoming aware (i) that any representation or warranty of Seller made herein was not true when made or (ii) of the occurrence of any event that would make any of Seller's representations or warranties contained herein untrue if made as of such later date and, in either case, shall provide Buyer with reasonable detail with respect thereto.