No Material Adverse Change definition
No Material Adverse Change there has been no material adverse change in its financial condition or operations since 31st December, 1997 nor in the consolidated financial condition or operations of it and its subsidiaries since that date; and
No Material Adverse Change. No material adverse change has occurred in the existing or prospective financial condition, business, assets or liabilities of the Borrower.
No Material Adverse Change no Material Adverse Change occurs between the date of this Agreement and 8.00am on the Implementation Date”;
Examples of No Material Adverse Change in a sentence
No Material Adverse Change has occurred since the dates of such financial statements.
No Material Adverse Change shall have occurred since the date of the most recent financial statements submitted to Lender.
No Material Adverse Change has occurred since the date of the Financial Statements.
No Material Adverse Change shall have occurred since December 31, 2017.
No Material Adverse Change shall have occurred since the date of this Agreement.
More Definitions of No Material Adverse Change
No Material Adverse Change. No material adverse change shall occur in the affairs, operations or business of Canetic and its subsidiaries, taken as a whole, from and after the date hereof and prior to the Effective Date, and no material adverse change in the financial condition of Canetic and its subsidiaries, taken as a whole, shall have occurred prior to the date hereof or shall occur from and after the date hereof and prior to the Effective Date from that reflected in the audited consolidated financial statements of Canetic for the fiscal year ending December 31, 2006 or in the unaudited financial statements of Canetic for the fiscal period ending June 30, 2007 (other than a material adverse change resulting from: (i) conditions affecting the oil and gas industry generally in jurisdictions in which it carries on business, including changes in commodity prices, royalties, laws or taxes; (ii) general or economic, financial, currency exchange, securities or commodities market conditions; (iii) any matter which was publicly disclosed or which was communicated in writing to Penn West by Canetic prior to the date of this agreement; or (iv) any matter permitted by this agreement, the Disclosure Letter or the Transaction Agreement, or consented to by Penn West) ("Canetic Material Adverse Change").
No Material Adverse Change means that between the date of the Interim Balance Sheet and the Closing, the business, operations, assets, properties and prospects of Seller and the Business shall have not been, or threatened to be, materially and adversely affected in any way as a result of any event, occurrence, act or omission.
No Material Adverse Change there has been no material adverse change in its financial condition or operations since the date of its last published annual report;
No Material Adverse Change. Lender has issued this Commitment in reliance of the continuation of the present management, ownership and financial condition of the Borrower and guarantors. Accordingly, should any actual or threatened material adverse change affect the Borrower, any guarantor, or any collateral pledged as security, Lender shall have the right to withdraw its Commitment and shall have no further obligation to Borrower to make any loan, or otherwise. The determination of material adverse change shall be made in the reasonable discretion of Lender. Additionally, if Borrower or any guarantor is considered to be in default by Lender or any of Lender's affiliates under any agreement or other obligation now or hereafter in effect with Lender or Lender's affiliates, Lender shall be under no obligation to extend the credit contemplated herein. Further, Lender's obligation to fund the loan is expressly subject to there not having occurred at any time prior to the funding of the loan any adverse change in, deterioration of, or any occurrence which materially and adversely affects domestic or international financial, liquidity, banking, or syndication markets, or the Lender's availability or access thereto, either generally, or specifically with respect to the loan transaction described herein, which, in the reasonable judgment of the Lender, would materially and adversely affect any of the parties to the transaction described herein or the transaction itself. In addition, if any of the foregoing material adverse changes occur, Lender, at its option, shall have the right, but not the obligation, to modify the pricing, structure or terms of the loan if the Lender determines that such changes are advisable in order to fund the loan. In the event that the Borrower does not consent to such modifications, either the Lender or the Borrower may terminate this Commitment, whereupon this Commitment shall be of no further force or effect (except that the Borrower shall remain obligated to pay the fees, costs and expenses as stated herein.).
No Material Adverse Change. Except as set forth on Schedule 8.12, there has been no change in the sales, profits, business, assets, condition, financial or otherwise, prospects or results of operations of the Business since the date of the Reference Statement of Net Assets which has had a Material Adverse Effect on the Business taken as whole, except for any changes which will result or have resulted exclusively from the announcement of the sale of the Business to Purchaser and the transition efforts conducted by Purchaser prior to Closing. Except as set forth in Schedule 8.12, since the date of the Reference Statement of Net Assets, Seller has caused the Business to be conducted in the ordinary course and in substantially the same manner as previously conducted and has made all reasonable efforts consistent with past practices to preserve the relationships of the Business with customers, suppliers and others with whom the Business deals.
No Material Adverse Change. Officers' Certificates 7-1 7.03 Corporation's Performance 7-1 7.04 Necessary Corporate Approvals 7-1 7.05 Resolutions Authorizing the Execution of this Agreement 7-1 7.06 Opinion of Counsel 7-1 7.07 Investment Letters 7-1 7.08 Satisfactory Searches 7-2 7.09 Environmental Review 7-2 7.10 Consents to Transaction 7-2 7.11 Dissenters' Rights 7-2 7.12 Title Insurance 7-2 7.13 Financial Statements 7-2 7.14 Fairness Opinion 7-2 7.15 Results of Investigation 7-2
No Material Adverse Change there has been no material adverse change in the financial condition or operations of HP since 31st October, 1997 nor in the consolidated financial condition or operations of HP and the subsidiaries of HP since that date; and