Common use of No Material Adverse Development Clause in Contracts

No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of the Business to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Tower Systems Corp)

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No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of Buyer to operate the Business to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Usinternetworking Inc), Asset Purchase Agreement (Dj Orthopedics Capital Corp)

No Material Adverse Development. There shall not have been any ------------------------------- material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse change or development shall have occurred with respect to the Business that results in a significant impairment to the ability of the Business to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed, except such change or development affecting the satellite transmission business in the United States generally.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Tower Systems Corp)

No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of the Business to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed, including, but not limited to, any impairment of Seller's relations or business prospects with any material customer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Colorado Medtech Inc)

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No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of Buyer to operate the Business as it is currently and contemplated to operate as they are currently be operated or represents a substantial impairment of the aggregate value of the Business or Shares or Assets being conveyed.

Appears in 1 contract

Samples: Share Purchase Agreement (Softcare Ec Com Inc)

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