No Adverse Development. There shall have occurred no material, adverse change in the status, financial condition or asset composition of the Acquiror since the date of this Agreement except as contemplated by this Agreement.
No Adverse Development. There shall have occurred no material, adverse change in the business, financial condition or composition of the assets of the Acquiree since the date of this Agreement and the Acquiree shall not have sustained since the date of this Agreement any loss on account of fire, flood, accident, strike or other calamity of such a character as to interfere materially with the continuous operation of the Acquiree's business or which materially adversely affects the financial position or business of the Acquiree, regardless of whether any such loss shall have been insured.
No Adverse Development. Since June 27, 1999 there has been no event, circumstance, state of affairs, condition or development which the Company has not disclosed to Siemens in writing which has had or could reasonably be expected to have a Material Adverse Effect.
No Adverse Development. There shall not have been any material adverse effect to VisiJet since the date of this Agreement.
No Adverse Development. There shall not have been any material ---------------------- adverse changes in the financial condition, results of operations, assets, liabilities, business or prospects of DNA since the date of this Agreement. NCI shall have received a certificate from DNA to such effect signed by its President.
No Adverse Development. There shall not have been any material adverse changes in the financial condition, results of operations, assets, liabilities, business or prospects of GTW since the date of this Agreement, and 2TM shall receive a certificate to such effect executed by the Chairmen and President of GTW.
No Adverse Development. There shall not have been any material ---------------------- adverse changes in the financial condition, results of operations, assets, liabilities, business or prospects of NCI since the date of this Agreement, and scruz-net shall receive a certificate to such effect executed by the Chief Executive Officer of NCI.
No Adverse Development. There shall not have been any material ---------------------- adverse changes in the financial condition, results of operations, assets, liabilities, business or prospects of NetSource since the date of this Agreement. NIT shall have received a certificate from NetSource to such effect signed by Xxxxxxx Xxxxxxxxxxx and Xxxx Xxxx.
No Adverse Development. As of the Closing Date, there shall be no order, decree or ruling by any court or government agency, nor any action or proceeding pending or threatened before any court or government agency, which might prohibit, render illegal, challenge or have a material adverse effect upon either the Business or the consummation of the transactions contemplated by this Agreement.
No Adverse Development. There shall be no order, decree, or ruling by any court or Governmental Body or threat thereof or any other fact or circumstance, which might prohibit or render illegal or have a Material adverse effect on the business, prospects, liabilities, income, property, assets or operations of Concept subsequent to the Closing. Concept shall not have sustained a loss, whether or not insured, by reason of physical damage caused by fire, flood or earthquake, accident or other calamity which materially affects the Concept Balance Sheet or its ability to carry on its business as proposed to be conducted, and which, in the judgment of Xxxxxxx, renders it inadvisable to proceed with the Closing. There shall have been no other event which, in the reasonable judgment of Xxxxxxx, has a material and adverse effect on Concept's assets, business, liabilities, income, property, assets, prospects or operations subsequent to the Closing.