Absence of Certain Changes; No Undisclosed Liabilities. (a) Except as set forth on Section 5.11(a) of the Parent Disclosure Letter, since the Parent Balance Sheet Date through the date of this Agreement, (i) Parent and its Subsidiaries have conducted their respective businesses only in the ordinary course of business, and (ii) there has not been any Parent Material Adverse Effect.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Since December 31, 2014, through the date of this Agreement, except as otherwise contemplated by this Agreement, (i) there has been no change, event or development that, individually or in the aggregate, has had a Material Adverse Effect, and (ii) the Business and the Subject Companies have operated in the ordinary course of business consistent with past practice in all material respects.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Except as set forth on Section 4.11(a ) of the Company Disclosure Letter, since the Company Balance Sheet Date through the date of this Agreement, (i) the Company and its Subsidiaries have conducted their respective businesses only in the ordinary course of business and (ii) there has not been a Company Material Adverse Effect.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Since December 31, 2014, through the date of this Agreement, except as set forth in the Company SEC filings and the draft 10-Q or otherwise contemplated by this Agreement, (i) there has been no change, event or development that, individually or in the aggregate, is or would be Material to a Reasonable Investor, and (ii) the Company and its Subsidiaries have operated in the ordinary course of business consistent with past practice in all material respects.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Except as disclosed or reflected in the SEC Documents or disclosed in the Disclosure Letter, since December 31, 1995, the Company has not (i) incurred any liabilities or obligations of any nature, whether or not accrued, contingent or otherwise, or suffered any event or occurrence which, individually or in the aggregate, would have a Company Material Adverse Effect or (ii) made any changes in accounting methods, principles or practices or (iii) declared, set aside or paid any dividend or other distribution with respect to its capital stock, other than regular quarterly cash dividends at a rate not exceeding $0.09 per Share per quarter, payable on the Company's customary dividend payment dates. Since December 31, 1995, each of the Company and its subsidiaries has conducted its operations according to its ordinary course of business consistent with past practice.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Except as set forth on Schedule 3.6, since December 31, 2004 through the date of this agreement, the Company has not (i) incurred any Liability or suffered any event or occurrence which, individually or in the aggregate, would reasonably be expected to have a Company Material Adverse Effect, (ii) made any changes in accounting methods, principles or practices (iii) declared, set aside or paid any dividend or other distribution with respect to its capital stock, or (iv) taken any action that if, taken after the execution of this Agreement, would violate Section 5.3. Since December 31, 2004 to the date of this Agreement, each of the Company and its Subsidiary has conducted its operations according to its ordinary course of business consistent with past practice.
Absence of Certain Changes; No Undisclosed Liabilities. Except as set forth in Schedule 2.6 or as contemplated by this Agreement, since December 31, 1998, the Company and the Subsidiary have conducted their businesses in the ordinary course consistent with past practices and have not (a) suffered any change, condition, event or occurrence which, individually or in the aggregate, is reasonably likely to constitute a Material Adverse Effect, (b) entered into or modified any material transaction, other than according to the ordinary and usual course of such businesses or (c) made any material change in the Company's accounting principles. Except (x) for liabilities or obligations incurred in the ordinary course of business, (y) for liabilities or obligations incurred in connection with the transactions contemplated by this Agreement and (z) as set forth on Schedule 2.6, since December 31, 1998, the Company and the Subsidiary have not incurred any liabilities or obligations (whether absolute, accrued, contingent or otherwise) and, to the knowledge of Seller, there is no basis for any such liability or obligation, that would be required to be reflected or reserved against in a consolidated balance sheet of the Company prepared in accordance with generally accepted accounting principles. None of the liabilities described in clauses (x), (y) or (z) of the preceding sentence has or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Since their respective dates of incorporation the Companies have conducted their respective businesses only in the ordinary course of business and since December 31, 2014, except as set forth in Section 5.7(a) of the Seller Disclosure Schedule, there has not been a Company Material Adverse Effect.
Absence of Certain Changes; No Undisclosed Liabilities. (a) Since the Oceanbulk Balance Sheet Date, (i) the Oceanbulk Companies have conducted their respective businesses only in the ordinary course of business and (ii) there has not been an Oceanbulk Material Adverse Effect.
Absence of Certain Changes; No Undisclosed Liabilities. Since December 31, 1997, there has not been a Company Material Adverse Effect. Since December 31, 1997, AP has not (i) except in the ordinary course of business, incurred any liabilities or obligations of any nature, whether or not accrued, contingent or otherwise, or suffered any event or occurrence which, individually or in the aggregate, would have a Company Material Adverse Effect or (ii) made any material changes in accounting methods, principles or practices or (iii) declared, set aside or paid any dividend or other the distribution with respect to its shares other than the distribution to Distribution, as of January 31, 1998, of all assets and liabilities of AP other than (x) the business of LDI AutoPaints -Florida Division and (y) the Four Million Forty Five Thousand One Hundred (4,045,100) shares of FMST owned by AP. Since December 31, 1997, AP has conducted its operations in the ordinary course of business consistent with past practice in all material respects.
