Common use of TERMINATION BECAUSE OF CHANGES Clause in Contracts

TERMINATION BECAUSE OF CHANGES. This Agreement may be terminated by the members of the Underwriting Group by notice to the Company if the Representative believes in its sole judgment that any changes have occurred in or with respect to the management of the Company, that material adverse changes have occurred in or with respect to the condition or obligations of the Company, or if the Company shall have sustained a loss or anticipated loss as a result of a strike, governmental action, fire, flood, accident, contract termination, or other calamity of such a character as, in the sole judgment of the Representative, may interfere materially with the conduct of the Company's business and operations regardless of whether or not such loss or anticipated loss shall have been insured.

TERMINATION BECAUSE OF CHANGES. This Agreement may be terminated by the members of the Underwriting Group by notice to the Company if the Representative believes in its sole judgment that any changes have occurred in or with respect to the management of the Company, that material adverse changes have occurred in or with respect to the condition con- dition or obligations of the Company, or if the Company shall have sustained a loss or anticipated loss as a result of a strike, governmental action, fire, flood, accident, contract termination, or other calamity of such a character as, in the sole judgment of the Representative, may interfere materially with the conduct of the Company's business and operations regardless of whether or not such loss or anticipated loss shall have been insured.