Common use of No Material Changes, Etc Clause in Contracts

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements of income, retained earnings or cash flow for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower and its Subsidiaries, taken as a whole.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the operations, business, properties, assets or financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements of income, retained earnings or income and cash flow flows for the fiscal year then ended, other than changes in the ordinary course of business that could not reasonably be expected to have not had any a materially adverse effect either individually or in the aggregate on the business business, assets or financial condition of the Borrower and its Subsidiaries, Subsidiaries taken as a whole.

No Material Changes, Etc. Since the Balance Sheet Date there has ------------------------- occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements statement of income, retained earnings or cash flow income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower and or any of its Subsidiaries, taken as a whole.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements of income, retained earnings or cash flow for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower and its Material Subsidiaries, taken as a whole.

No Material Changes, Etc. Since the Balance Sheet Date Date, there has ------------------------ occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries taken as a whole as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements of income, retained earnings or income and cash flow flows for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or business, assets, financial condition or prospects of the Borrower and its Subsidiaries, taken as a wholeBorrower.

No Material Changes, Etc. Since the Balance Sheet Date Date, there has ------------------------ occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated audited balance sheet of the Borrower and its Subsidiaries as at of the Balance Sheet Date, or the related consolidated statements statement of income, retained earnings or cash flow income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower. Since the Balance Sheet Date, the Borrower and its Subsidiaries, taken as a wholehas not made any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the related consolidated statements statement of income, retained earnings or cash flow income for the four (4) fiscal year month period then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower and or any of its Subsidiaries, taken as a whole.

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

No Material Changes, Etc. Since the Balance Sheet Date Date, there has occurred no materially adverse change in the financial condition or business of the Borrower and or its Subsidiaries as shown on or reflected in the consolidated Consolidated balance sheet of the Borrower and its Subsidiaries as at of the Balance Sheet Date, or the related consolidated statements Consolidated statement of income, retained earnings or cash flow income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower and or its Subsidiaries, taken as a whole.