Common use of No Default or Adverse Change Clause in Contracts

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 32 contracts

Samples: Agreement and Plan of Merger (Powerverde, Inc.), Agreement of Merger And (WestMountain Alternative Energy Inc), Agreement of Merger And (WESTMOUNTAIN Co)

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No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of or Event of Default, and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 10 contracts

Samples: Agreement of Merger And (InfoLogix Inc), Agreement of Merger And (Windy Creek Developments, Inc.), Agreement of Merger and Plan of Reorganization (Broadcaster Inc)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Sibling’s Balance Sheets Dates and Subsidiaries’ Balance Sheet Date, there shall have been no material adverse change in the Condition of the ParentSibling.

Appears in 4 contracts

Samples: Agreement of Acquisition and Plan of Reorganization (Sona Development Corp), Agreement of Acquisition And (Sona Development Corp), Agreement of Acquisition and Plan of Reorganization (Sona Development Corp)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or conditioncondition that, that with the giving of notice or lapse of time, time or both, would constitute a Default of or Event of DefaultDefault and, and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 3 contracts

Samples: Agreement of Merger And (Fitness Xpress Software Inc.), Agreement of Merger and Plan (Fairview Energy Corporation, Inc.), Agreement of Merger and Plan (Towerstream Corp)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet DateDate except as provided for herein or in the Parent Disclosure Statement, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Agreement of Merger And (Reliability Inc)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet DateJanuary 1, 2010, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Securities Exchange Agreement (City Language Exchange Inc)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet Date, there shall have been no material adverse change Material Adverse Change in the Condition of the Parent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xedar Corp)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or conditioncondition that, that with the giving of notice or lapse of time, or both, would constitute a Default of or Event of Default, and since the Parent Sona Balance Sheet DateDates, there shall have been no material adverse change in the Condition of the ParentSona.

Appears in 1 contract

Samples: Agreement (Sibling Entertainment Group, Inc.)

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No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet DateJanuary 1, 2013, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Share Exchange Agreement

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Parent Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of or Parent Default, and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the ParentParent Material Adverse Effect.

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (BTHC VII Inc)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet DateJune 30, 2016, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Agreement of Merger And (AMERI Holdings, Inc.)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of Default, and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Agreement of Merger and Plan (Refocus Group Inc)

No Default or Adverse Change. There shall not exist on the Closing Date any Default or Event of Default on the part of Parent or Acquisition Corp. or any event or condition, that with the giving of notice or lapse of time, or both, would constitute a Default of Event of DefaultDefault on the part of Parent or Acquisition Corp., and since the Parent Balance Sheet Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Lighten Up Enterprises International Inc

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