Common use of Certification of No Material Adverse Change Clause in Contracts

Certification of No Material Adverse Change. The Company shall have delivered to the Investor a certificate, dated the date of the Closings, of the Chief Executive Officer of the Corporation certifying that since the Statement Date, there has hot been any material adverse change in the financial condition or operations of the Company, and that except to the extent reflected in the Financial Statements referred to in Section 3.16 (or in such later audited financial statements, as the case may be), and except for liabilities arising in the ordinary. course of business (none of which liabilities either alone or in the aggregate are material either in nature or amount to the business of the Company), the Company has no material accrued or contingent liabilities which are not specifically described in such Financial Statements.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Versicor Inc /Ca), Stock Purchase Agreement (Versicor Inc /Ca)

AutoNDA by SimpleDocs

Certification of No Material Adverse Change. The Company shall have delivered to the Investor a certificate, dated the date of the ClosingsClosing, of the Chief Executive Financial Officer of the Corporation Corporation, certifying that since the Statement DateSeptember 30, 1998, there has hot not been any material adverse change in the financial condition or operations of the Company, and that except to the extent reflected in the Financial Statements referred to in Section 3.16 (or in such later audited financial statements, as the case may be), and except for liabilities arising in the ordinary. ordinary course of business (none of which liabilities either alone or in the aggregate are material either in nature or amount to the business of the Company), the Company has no material accrued or contingent liabilities which are not specifically described in such Financial Statements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cubist Pharmaceuticals Inc)

Certification of No Material Adverse Change. The Company shall have delivered to the Investor a certificatecertificates, dated the date of the ClosingsClosing, of the Chief Executive Financial Officer of the Corporation Company certifying that since the Statement DateDecember 31, 1996, there has hot not been any material adverse change in the financial condition or operations of the Company, and that that, except to the extent reflected in the Financial Statements financial statements referred to in Section 3.16 3.15 (or in such later audited financial statements, as the case may be), and except for liabilities arising in the ordinary. ordinary course of business (none of which liabilities either alone or in the aggregate are material either in nature or amount to the business of the Company), the Company has no material accrued or contingent liabilities which are not specifically described in such Financial Statementsfinancial statements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Osiris Therapeutics Inc)

AutoNDA by SimpleDocs

Certification of No Material Adverse Change. The Company shall have delivered to the Investor a certificate, dated the date dates of the Closings, respectively, of the Chief Executive Financial Officer of the Corporation certifying that since the Statement DateJune 30, 1998, there has hot not been any material adverse change in the financial condition or operations of the Company, and that except to the extent reflected in the Financial Statements referred to in Section 3.16 3.15 (or in such later audited financial statements, as the case may be), and except for liabilities arising in the ordinary. ordinary course of business (none of which liabilities either alone or in the aggregate are material either in nature or amount to the business of the Company), the Company has no material accrued or contingent liabilities which are not specifically described in such Financial Statementsfinancial statements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Medarex Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.