Common use of ABSENCE OF MATERIAL EVENTS Clause in Contracts

ABSENCE OF MATERIAL EVENTS. Since January 1, 1997 there has not been (a) any material adverse change in the business, affairs or prospects of the Company nor, to the best of the Company's knowledge, are any such changes threatened, anticipated or contemplated; (b) any actual or, to the Company's knowledge, threatened, anticipated or contemplated damage, destruction, loss, conversion, termination, cancellation, default or taking by eminent domain or other action by governmental authority which has materially affected or may hereafter materially affect the properties, assets, business affairs or prospects of the Company; (c) any material and adverse pending or, to the Company's knowledge, threatened, anticipated or contemplated dispute of any kind with any material customer, supplier, source of financing, employee, landlord, subtenant or licensee of the Company, or any pending or, to the Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description which is reasonably likely to result in any reduction in the amount, or any change in the terms or conditions, of business with any material customer, supplier, or source of financing; or (d) any pending, or to the Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description materially and adversely affecting the properties, assets, business, affairs or prospects of the Company.

ABSENCE OF MATERIAL EVENTS. Since January 1, 1997 1996 there has not been (a) any material adverse change in the business, affairs or prospects of the any Company nor, to the best of the each Company's knowledge, are any such changes threatened, anticipated or contemplated; (b) any actual or, to the each Company's knowledge, threatened, anticipated or contemplated damage, destruction, loss, conversion, termination, cancellation, default or taking by eminent domain or other action by governmental authority which has materially affected or may hereafter materially affect the properties, assets, business affairs or prospects of the any Company; (c) any material and adverse pending or, to the each Company's knowledge, threatened, anticipated or contemplated dispute of any kind with any material customer, supplier, source of financing, employee, landlord, subtenant or licensee of the any Company, or any pending or, to the each Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description which is reasonably likely to result in any reduction in the amount, or any change in the terms or conditions, of business with any material customer, supplier, or source of financing; or (d) any pending, or or, to the each Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description materially and adversely affecting the properties, assets, business, affairs or prospects of the any Company.

ABSENCE OF MATERIAL EVENTS. Since January 1, 1997 there has not been (a) any material adverse change in the business, affairs or prospects of the Company nor, to the best of the Company's knowledge, are any such changes threatened, anticipated or contemplated; (b) any actual or, to the Company's knowledge, threatened, anticipated or contemplated damage, destruction, loss, conversion, termination, cancellation, default or taking by eminent domain or other action by governmental authority which has materially affected or may hereafter materially affect the properties, assets, business affairs or prospects of the Company; (c) any material and adverse pending or, to the Company's knowledge, threatened, anticipated or contemplated dispute of any kind with any material customer, supplier, source of financing, employee, landlord, subtenant or licensee of the Company, or any pending or, to the Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description which is reasonably likely to result in any reduction in the amount, or any change in the terms or conditions, of business with any material customer, supplier, or source of financing; or (d) any pending, or to the Company's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description materially and adversely affecting the properties, assets, business, affairs or prospects of the Company.description

ABSENCE OF MATERIAL EVENTS. Since January 1, 1997 there has not been (a) any material adverse change in the business, affairs or prospects of the Company Provant nor, to the best of the CompanyProvant's knowledge, are any such changes threatened, anticipated or contemplated; (b) any actual or, to the CompanyProvant's knowledge, threatened, anticipated or contemplated damage, destruction, loss, conversion, termination, cancellation, default or taking by eminent domain or other action by governmental authority which has materially affected or may hereafter materially affect the properties, assets, business affairs or prospects of the CompanyProvant; (c) any material and adverse pending or, to the CompanyProvant's knowledge, threatened, anticipated or contemplated dispute of any kind with any material customer, supplier, source of financing, employee, landlord, subtenant or licensee of the CompanyProvant, or any pending or, to the CompanyProvant's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description which is reasonably likely to result in any reduction in the amount, or any change in the terms or conditions, of business with any material customer, supplier, or source of financing; or (d) any pending, or to the CompanyProvant's knowledge, threatened, anticipated or contemplated occurrence or situation of any kind, nature or description materially and adversely affecting the properties, assets, business, affairs or prospects of the CompanyProvant.