Common use of Operations Since Balance Sheet Date Clause in Contracts

Operations Since Balance Sheet Date. Except as set forth in Schedule 5.5, since the Balance Sheet Date there has not been, any fact, occurrence, condition, circumstance, change, effect, event or development that has had, individually or in the aggregate, a Material Adverse Change and, to the Knowledge of Seller, no circumstances exist that constitute or would reasonably be expected to cause, individually or in the aggregate, a Material Adverse Change in the future. Since the Balance Sheet Date, the Business has been conducted only in the ordinary course consistent with past practice. Without limiting the foregoing, except as set forth in Schedule 5.5, since the Balance Sheet Date, the Company has not taken any action that, if taken after the date hereof, would constitute a breach of Section 7.4.

Appears in 3 contracts

Samples: Equity Purchase Agreement, Equity Purchase Agreement (Impac Mortgage Holdings Inc), Equity Purchase Agreement

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Operations Since Balance Sheet Date. Except as set forth in Schedule 5.5, since from the Balance Sheet Date there has not beenhave been no events, any factchanges, occurrencecircumstances, condition, circumstance, change, effect, event developments or development that has hadoccurrences which, individually or in the aggregate, a Material Adverse Change and, to the Knowledge of Seller, no circumstances exist that constitute have had or would reasonably be expected expect to cause, individually or in the aggregate, have a Material Adverse Change in the futureEffect. Since the Balance Sheet Date, the Business has been conducted only in the ordinary course consistent with past practice. Without limiting the foregoing, except Except as set forth in Schedule 5.5, since the Balance Sheet Date, the Company Acquired Companies have conducted their business in all material respects in the ordinary course consistent with past practice. Without limiting the generality of the foregoing, since the Balance Sheet Date through the date hereof, except as set forth in Schedule 5.5, none of the Acquired Companies has not taken any action thatwhich, if taken after the date hereofhereof and prior to the Closing, would constitute a breach require the consent of Buyer pursuant to Section 7.4.

Appears in 1 contract

Samples: Stock Purchase Agreement (Impax Laboratories Inc)

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