Common use of No Adverse Developments Clause in Contracts

No Adverse Developments. To the knowledge of Aspec, there is no development (exclusive of general economic factors affecting business in general) or threatened development affecting Aspec (or affecting customers, suppliers, employees, and other Persons which have relationships with Aspec) that (i) is having or is reasonably likely to have a Material Adverse Effect on Aspec, or (ii) would prevent Aspec from conducting its business following the Closing in the manner in which it was conducted or planned to be conducted by Aspec prior to the Closing.