Adverse Developments. Since June 30, 2009, there has been no material adverse change in the business, operations or condition (financial or otherwise) of the Company; nor has there been since such date, any damage, destruction or loss, whether covered by insurance or not, materially or adversely affecting the business, properties or operations of the Company.
Adverse Developments. Sellers shall promptly notify Buyer of any unusual or materially adverse developments that occur prior to any Closing with respect to the Assets or the operation of the Stations; provided, however, that Sellers' compliance with the disclosure requirements of this Section 6.17 shall not relieve Sellers of any obligation with respect to any representation, warranty or covenant of Sellers in this Agreement or relieve Buyer of any obligation or duty hereunder, waive any condition to Buyer's obligations under this Agreement, or expand or enhance any right of Buyer hereunder.
Adverse Developments. Promptly after the Lessee acquires knowledge thereof, written notice of:
(i) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property;
(ii) any loss, damage or destruction to or of the Leased Property in excess of FIFTY THOUSAND DOLLARS ($50,000) (regardless of whether the same is covered by insurance);
(iii) any material controversy involving the Lessee or any Sublessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organization;
(iv) any controversy that calls into question the eligibility of the Lessee or the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program;
(v) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could have a material adverse effect on the financial condition of the Lessee or any Sublessee; and
(vi) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which may be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.
Adverse Developments. Since December 31, 1999, there has been no material adverse change in its financial condition, business, operations, affairs or prospects of Borrower or in any of its properties or assets.
Adverse Developments. Since the date of the financial statements most recently furnished to Lender, there has been no change in the business, prospects, operations or condition, financial or otherwise, of Borrower or any of its properties or assets which would, individually or in the aggregate, have a Material Adverse Effect.
Adverse Developments. Since the date of the latest financial statements referred to in Section 6.6, neither the financial condition, business operations, affairs, or prospects of the Borrower or the Guarantor, nor the properties or assets of either, have been materially adversely affected in any way as the result of any legislative or regulatory change, or any revocation, amendment, or termination, or any pending or threatened such action, or any franchise or license or right to do business, or any fire, explosion, flood, drought, windstorm, earthquake, accident, casualty, labor trouble, riot, condemnation, requisition, embargo or Act of God or the public enemy or of armed forces, or otherwise, whether or not insured against.
Adverse Developments. 3.9 Taxes............................................................................................
Adverse Developments. Except as expressly provided or set forth in, or required by, this Agreement, or as set forth in the Company Financial Statements, since the last date of its financial information in the Company’s SEC filings, there have been no materially adverse changes in the assets, liabilities, properties, operations or financial condition of the Company, and no event has occurred other than in the ordinary and usual course of business or as set forth in the Company's SEC filings or in the Company Financial Statements which could be reasonably expected to have a materially adverse effect upon the Company, and the Company does not know of any development or threatened development of a nature that will, or which could be reasonably expected to, have a materially adverse effect upon the Company's operations or future prospects.
Adverse Developments. Promptly but in no event more than ten (10) days after Lessee acquires knowledge thereof, written notice of:
(i) the potential termination of any Permit or Provider Agreement necessary for the operation of the Leased Property;
(ii) any loss, damage or destruction to or of the Leased Property in excess of TWENTY-FIVE THOUSAND DOLLARS ($25,000) (regardless of whether the same is covered by insurance);
(iii) any material controversy involving Lessee or any Sublessee which is an Affiliate of Lessee and (x) Facility administrator or Facility employee of similar stature or (y) any labor organization or (z) the Manager or any employee of the Manager which has, or is reasonably likely to have, a materially adverse effect on the financial condition and/or operations of the Facility;
(iv) any controversy that calls into question the eligibility of the Facility for the participation in any Medicaid, Medicare or other Third Party Payor Program in which the Facility is participating;
(v) any refusal of reimbursement by any Third Party Payor which, singularly or together with all other such refusals by any Third Party Payors, could reasonably be expected to have a material adverse effect on the financial condition of Lessee or any Sublessee which is an Affiliate of Lessee; and
(vi) any fact within the special knowledge of any member of the Leasing Group, or any other development in the business or affairs of any member of the Leasing Group, which could reasonably be expected to be materially adverse to the business, properties, assets or condition, financial or otherwise, of any member of the Leasing Group or the Leased Property.
Adverse Developments. Since the Interim Balance Sheet Date there have been no material adverse changes in the Purchased Assets or Seller, there has been no act or omission on the part of Seller or, to Seller’s knowledge, others which would form the basis for the assertion against Seller of any material Liability, no other event has occurred which could be reasonably expected to have a Material Adverse Effect upon the Purchased Assets or Seller, and there is no development or, to Seller’s Knowledge, threatened development of a nature which could be reasonably expected to have a Material Adverse Effect upon the Purchased Assets or Seller.
