No Material Disruption Sample Clauses
The No Material Disruption clause is designed to ensure that a party's actions or operations do not cause significant interruptions or adverse effects to the other party's business or the performance of the contract. In practice, this clause may require a party to maintain normal business operations and avoid any major changes, such as system outages, strikes, or other disruptions that could impact the delivery of goods or services. Its core function is to protect the continuity and reliability of contractual obligations, minimizing the risk of unexpected disruptions that could harm either party's interests.
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No Material Disruption. There shall have been no material disruption or material adverse change in the financial, banking or capital markets.
No Material Disruption. No material disruption of claims payments on FHA insured loans shall have occurred (other than any such material disruption that is generally affecting non-bank mortgage servicers and originators with similar claims);