CONDUCT OF BUSINESS AND ABSENCE OF MATERIAL ADVERSE CHANGES Sample Clauses

CONDUCT OF BUSINESS AND ABSENCE OF MATERIAL ADVERSE CHANGES. Since the Most Recent Fiscal Year End, there has been no material adverse change in the business, operations, results of operations, assets, properties, financial condition or prospects of ISC. Since such date, except as contemplated in this Agreement ISC has conducted its business in the manner theretofore conducted and only in the ordinary course consistent with past practices. Since such date, except as disclosed on Schedule 4.5, ISC has not incurred, committed or guaranteed any indebtedness, obligation, capital expenditure or other Liability, made any dividend or cash distribution, issued any securities, discharged or granted any Encumbrance, involving its assets, written down or written off any accounts receivable, paid any bonus, severance or other payment to any employee or consultant in excess of current salary, had any contract, license or other agreement result in default or termination (or a right of a third party to terminate), or entered into a transaction with any officer or employee.
Sample 1
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CONDUCT OF BUSINESS AND ABSENCE OF MATERIAL ADVERSE CHANGES. Since the Most Recent Fiscal Year End, there has been no material adverse change in the business, operations, results of operations, assets, properties, financial condition or prospects of SDC. Since such date, except as contemplated in this Agreement, SDC has conducted its business in the manner theretofore conducted and only in the ordinary course consistent with past practices. SDC has not incurred, committed or guaranteed any indebtedness, obligation, capital expenditure or other Liability, made any dividend or cash distribution, issued any securities, written down or written any accounts receivable, paid any bonus, severance or other payment to any employee or consultant in excess of current salary, had any contract, license or other agreement result in default or termination (or a right of a third party to terminate), or entered into transaction with any officer or employee other than in the ordinary course of business.
Sample 1

Related to CONDUCT OF BUSINESS AND ABSENCE OF MATERIAL ADVERSE CHANGES

  • Absence of Material Adverse Changes No material adverse change in the business, assets, financial condition, or prospects of the Company shall have occurred, no substantial part of the assets of the Company not substantially covered by insurance shall have been destroyed due to fire or other casualty, and no event shall have occurred which has had or will have a material adverse effect on the business, assets, financial condition or prospects of the Company.

  • Absence of Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Absence of Material Adverse Change On the Closing Date, no circumstance shall exist that constitutes a REIT II Material Adverse Effect.

  • Absence of Company Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change, effect or development that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Amendments without Material Adverse Effect Without the consent of the Noteholders, the Issuer and the Indenture Trustee may, and when directed by Issuer Order will, amend this Indenture to add terms to, to change or eliminate the terms of, or to amend (other than the amendments in Section 9.2) the rights of the Noteholders under, this Indenture, if:

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • Absence of Adverse Changes Since the date of the Company Balance Sheet until the date of this Agreement, there has not occurred any change, event, circumstance or development that is reasonably likely to have a Company Material Adverse Effect. From the date of the Company Balance Sheet until the date of this Agreement, except as contemplated hereby or as set forth in Section 3.8 of the Company Disclosure Schedule, (a) the business of the Company and the Company Subsidiaries, taken as a whole, has been conducted in the ordinary course of business and (b) none of the Company or any Company Subsidiary has taken any action that would have required the consent of Parent under Section 5.1(b) of this Agreement, had such action or event occurred after the date of this Agreement.

  • Notice of Material Adverse Change Promptly inform Lender of (i) any and all material adverse changes in Borrower’s financial condition, and (ii) all claims made against Borrower which could materially affect the financial condition of Borrower.

  • No Material Adverse Changes Since the respective dates as of which information is given in the Registration Statement and the Prospectus, except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus (i) there shall not have been a Material Adverse Change, (ii) the Company shall not have incurred any material liabilities or obligations, direct or contingent, (iii) the Company shall not have entered into any material transactions not in the ordinary course of business other than pursuant to this Agreement and the transactions referred to herein, (iv) the Company shall not have issued any securities (other than the Securities or the Shares issued in the ordinary course of business pursuant to existing employee benefit plans of the Company referred to in the Registration Statement, General Disclosure Package and the Prospectus) or declared or paid any dividend or made any distribution in respect of its capital stock of any class or debt (long-term or short-term), and (v) no material amount of the assets of the Company shall have been pledged, mortgaged or otherwise encumbered.

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