NO ADVERSE CHANGE definition

NO ADVERSE CHANGE. Between the date hereof and the Time of Closing: (i) no damage by fire or other hazard to the property or assets of the Corporation or any Subsidiary shall have occurred; (ii) no Legal Proceeding shall have been commenced or shall be pending or threatened against the Corporation or any Subsidiary at law or in equity or before or by any Tribunal; and (iii) no material adverse change in the Business, operations, affairs, prospects or condition (financial or otherwise) of the Corporation or any Subsidiary shall have occurred which, in the case of any such occurrence, in the reasonable opinion of the Purchaser, would have a material adverse effect on the Corporation and the Subsidiaries, taken together, or on the Business.
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Examples of NO ADVERSE CHANGE in a sentence

  • BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO BANK.

  • BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER.

  • REPRESENTATIONS AND WARRANTIES 32 4.1 SUBSIDIARY 32 4.2 CORPORATE EXISTENCE AND POWER 32 4.3 CORPORATE AUTHORITY 32 4.4 BINDING AGREEMENT 33 4.5 LITIGATION 33 4.6 NON CONFLICTING AGREEMENTS 33 4.7 TAXES 33 4.8 FINANCIAL STATEMENTS 34 4.9 COMPLIANCE WITH APPLICABLE LAWS 34 4.10 GOVERNMENTAL REGULATIONS 34 4.12 FEDERAL RESERVE REGULATIONS 35 4.13 NO MISREPRESENTATION 35 4.14 PENSION PLANS 35 4.15 PUBLIC UTILITY HOLDING COMPANY ACT 35 4.16 APPROVALS 35 4.17 RESERVED 36 4.18 NO ADVERSE CHANGE OR EVENT 36 5.

  • BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO BANKS THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN SUCH BORROWER'S MOST RECENT FINANCIAL STATEMENT TO BANKS.

  • SECTION 2.08: NO ADVERSE CHANGE Borrower certifies that there has been no adverse change since the date of the Loan Application in the financial condition, organization, operation, business prospects, fixed properties, or personnel of Borrower or Guarantor.

  • BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO Servicing Agent AND LENDERS THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDERS.

  • BY SIGNING THIS AUTHORIZATION, ▇▇▇▇▇▇▇▇ REPRESENTS AND WARRANTS TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO BANK.

  • BY SIGNING THIS AUTHORIZATION, BORROWERS REPRESENT AND WARRANT TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN BORROWERS' FINANCIAL CONDITION AS DISCLOSED IN BORROWERS' MOST RECENT FINANCIAL STATEMENT TO BANK.

  • BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO BANK THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO ADVERSE CHANGE IN Borrower's FINANCIAL CONDITION AS DISCLOSED IN Borrower's MOST RECENT FINANCIAL STATEMENT TO BANK.

  • SINCE MARCH 31, 2004, THERE HAS BEEN NO ADVERSE CHANGE IN THE FINANCIAL CONDITION, BUSINESS, PROPERTIES, ASSETS, LIABILITIES, OPERATIONS, PROSPECTS, OR RESULTS OF OPERATIONS OF THE BORROWER OR ANY OF ITS SUBSIDIARIES.