Common use of No Material Changes, Etc Clause in Contracts

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business of the Borrowers as shown on or reflected in the consolidated balance sheet of such corporations as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrower. Since the Balance Sheet Date, there has not been any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business businesses of the Borrowers Borrowers, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrowers as at of the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Balance Sheet Date, there has have not been any DistributionDistributions other than as permitted by Section 7.6 hereof.

No Material Changes, Etc. Since the Balance Sheet Date, Date there have has occurred no material materially adverse changes change in the financial condition or business of the Borrowers Borrower, the Guarantors and their Subsidiaries, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended ended, other than changes in the ordinary course of business which that have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any BorrowerMaterial Adverse Effect. Since the Balance Sheet Date, there the Borrower has not been made any DistributionDistributions.

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business businesses of the Borrowers Borrowers, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrowers as at of the Balance Sheet Date, or the consolidated statement of income for the fiscal year period then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Balance Sheet Date, there has have not been any DistributionDistributions other than as permitted by SECTION 8.6 hereof.

No Material Changes, Etc. Since the Balance Sheet Date, Date there have has occurred no material adverse changes in the financial condition or business of the Borrowers Material Adverse Change as shown on or reflected in the consolidated balance sheet of such corporations the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended ended, other than changes in the ordinary course of business which that have not had any material adverse effect either individually or in the aggregate Material Adverse Effect. Except as set forth on the business or financial condition of any Borrower. Since SCHEDULE 7.5, since the Balance Sheet Date, there the Borrower has not been made any DistributionDistributions.

No Material Changes, Etc. Since the Interim Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business businesses of the Borrowers Borrowers, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrowers as at of the Interim Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Interim Balance Sheet Date, there has have not been any DistributionDistributions other than as permitted by Section 7.6 hereof.

No Material Changes, Etc. Since the Balance Sheet Date, Date there have has occurred no material materially adverse changes change in the financial condition or business of the Borrowers Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of such corporations the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrower. Since the Balance Sheet Date, there has not been any Distribution.ended,

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business businesses of the Borrowers Borrowers, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrowers as at of the Balance Sheet Date, or the consolidated statement of income for the fiscal year period then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Balance Sheet Date, there has have not been any DistributionDistributions other than as permitted by ss.7.6 hereof.

No Material Changes, Etc. Since the Balance Sheet Date, Date there have has occurred no material materially adverse changes change in the financial condition or business of the Borrowers Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of such corporations the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year quarter then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Balance Sheet Date, there the Borrower has not been made any DistributionDistributions except for Distributions to shareholders for the payment of dividends on Series B Preferred Stock of the Borrower.

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the business, assets or financial condition or business of the Borrowers Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of such corporations the Borrower as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than those described on Schedule 8.6 attached hereto and those disclosed in writing to the Banks prior to the Effective Date, and all of such changes in the ordinary course of business which aggregate, have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrower. Since the Balance Sheet Date, there has not been any Distributionmaterially adverse.

No Material Changes, Etc. Since the Balance Sheet Date, Date there have has occurred no material adverse changes change in the financial condition or business of the Borrowers Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of such corporations the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which would have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrower. Since the Balance Sheet Date, there has not been any Distributiona Materially Adverse Effect.

No Material Changes, Etc. Since the Balance Sheet Date, there have occurred no material adverse changes in the financial condition or business businesses of the Borrowers Borrowers, taken as a whole, as shown on or reflected in the consolidated balance sheet of such corporations the Borrowers as at of the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended other than changes in the ordinary course of business which have not had any material adverse effect either individually or in the aggregate on the business or financial condition of any Borrowerended. Since the Balance Sheet Date, there has have not been any Distribution.Distributions other than as permitted by Section 7.6 hereof. 39 -34-