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: Merger Agreement (Powerverde, Inc.), Merger Agreement (WestMountain Alternative Energy Inc), Merger Agreement (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: Merger Agreement (InfoLogix Inc), Merger Agreement (Windy Creek Developments, Inc.), Merger Agreement (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: Acquisition Agreement (Sibling Entertainment Group, Inc.), Acquisition Agreement (Sona Development Corp), Acquisition Agreement (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: Merger Agreement (Fitness Xpress Software Inc.), Merger Agreement (Fairview Energy Corporation, Inc.), Merger Agreement (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 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 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: Merger Agreement (Xedar Corp)

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: Merger Agreement (BTHC VII 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 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: Merger Agreement (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 Date, there shall have been no material adverse change in the Condition of the Parent.

Appears in 1 contract

Samples: Merger Agreement (Refocus Group 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: Merger Agreement (AMERI Holdings, 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: Merger Agreement (Lighten Up Enterprises International Inc)

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: Acquisition Agreement (Sibling Entertainment Group, Inc.)

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