Operations Since Reference Date Clause Samples

Operations Since Reference Date. (a) Since the Reference Date to the date of this Agreement, there has not been any Material Adverse Effect. (b) Except as contemplated by the Transaction Agreements, since the Reference Date to the date of this Agreement, Seller, the Asset Transferors and the Acquired Companies have conducted the Business in the ordinary course of business in all material respects. (c) Since the Reference Date to the date of this Agreement, there has not been any action or event that would have required Buyer’s consent pursuant to Section 8.7(b)(i), Section 8.7(b)(iii), Section 8.7(b)(v), Section 8.7(b)(ix), Section 8.7(b)(x), Section 8.7(b)(xi), Section 8.7(b)(xiii), Section 8.7(b)(xv), Section 8.7(b)(xvi), Section 8.7(b)(xvii) (solely with respect to waivers), Section 8.7(b)(xix), Section 8.7(b)(xx) and Section 8.7(b)(xxii) had such action or event occurred after the date hereof and prior to the Closing.