Common use of No Changes or Material Adverse Effects Clause in Contracts

No Changes or Material Adverse Effects. (a) Except as set forth on Section 3.16(a) of the Transferor Disclosure Schedule, (i) since January 1, 2013, the Business has been conducted in the ordinary course consistent with past practice and (ii) since March 31, 2013, the Company has not taken any of the actions prohibited by Section 5.1(b). (b) Except as set forth on Section 3.16(b) of the Transferor Disclosure Schedule, since January 1, 2013, there has not been any change, event, circumstance or occurrence, that, individually or in the aggregate with all other such changes, events circumstances or occurrences, has had or would reasonably be expected to have a Company Material Adverse Effect.

No Changes or Material Adverse Effects. (a) Except as set forth on Section 3.16(a) of the Transferor Disclosure Schedule, (i) since January 1, 2013, the Business has been conducted in the ordinary course consistent with past practice and (ii) since March 31, 2013, the no Company has not taken any of the actions prohibited by Section 5.1(b). (b) Except as set forth on Section 3.16(b) of the Transferor Disclosure Schedule, since January 1, 2013, there has not been any change, event, circumstance or occurrence, that, individually or in the aggregate with all other such changes, events circumstances or occurrences, has had or would reasonably be expected to have a Company Material Adverse Effect.