Common use of Absence of Material Change Clause in Contracts

Absence of Material Change. Since December 31, 2006, the business of Seller has been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 any event that has had or may reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Merger Agreement (Center Financial Corp), Merger Agreement (Belvedere SoCal)

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Absence of Material Change. Since December 31, 20062004, the business of Seller has been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s 's Disclosure Letter, there has not occurred since December 31, 2006 2004 any event that has had or may reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, prospects, financial condition or results of operation of Seller.

Appears in 2 contracts

Samples: Merger Agreement (Community Bancorp Inc), Merger Agreement (Community Bancorp)

Absence of Material Change. Since December 31, 20062005, the business businesses of Seller has and its Subsidiaries have been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 2005 any event that has had or may reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Community Bancorp)

Absence of Material Change. Since December 31, 20062002, the business of Seller has been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 2002 any event that has had or may reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, prospects (to Seller’s knowledge without the requirement of investigation contained in Section 11.13 of this Agreement), financial condition or results of operation of Seller.

Appears in 1 contract

Samples: Merger Agreement (Mid-State Bancshares)

Absence of Material Change. Since December 31, 20062002, the business of Seller has been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 2002 any event that has had or may reasonably be expected to have a Material Adverse Effect.material adverse effect on the business (present or future), financial condition or results of operation of Seller­.

Appears in 1 contract

Samples: Merger Agreement (Heritage Oaks Bancorp)

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Absence of Material Change. Since December 31, 20062003, the business of Seller has been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 2002 any event that has had or may reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, prospects, financial condition or results of operation of Seller.

Appears in 1 contract

Samples: Merger Agreement (Community Bancorp Inc)

Absence of Material Change. Since December 31, 2006, the business businesses of Seller has and its Subsidiaries have been conducted in all material respects only in the ordinary course, in substantially the same manner as theretofore conducted, and, except as set forth in Seller’s Disclosure Letter, there has not occurred since December 31, 2006 any event that has had or may reasonably be expected to have a Material Adverse EffectEffect on Seller.

Appears in 1 contract

Samples: Merger Agreement (Heritage Oaks Bancorp)

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