Absence of Certain Changes, Events or Conditions. Since January 1, 1997, (i) the Company has not incurred any liabilities of any nature, whether or not accrued, contingent or otherwise, which would have a Material Adverse Effect on the Company, and (ii) there have been no events, changes or effects with respect to the Company and the Company Subsidiaries having or which could have, individually or in the aggregate, a Material Adverse Effect on the Company, and (iii) the Company and the Company Subsidiaries have conducted their businesses only in the ordinary course and in a manner consistent with prior practice.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (National Education Corp), Agreement and Plan of Merger (National Education Corp), Agreement and Plan of Merger (Nick Acquisition Corp)
Absence of Certain Changes, Events or Conditions. Since January 1December ------------------------------------------------ 31, 19971996, (i) the Company has not incurred any liabilities of any nature, whether or not accrued, contingent or otherwise, which would have a Material Adverse Effect on the Company, and (ii) there have been no events, changes or effects with respect to the Company and the Company Subsidiaries having or which could have, individually or in the aggregate, a Material Adverse Effect on the Company, and (iii) the Company and the Company Subsidiaries have conducted their businesses only in the ordinary course and in a manner consistent with prior practice.
Appears in 1 contract
Samples: 1 Agreement and Plan of Reorganization (National Education Corp)
