Absence of Certain Changes, Events and Conditions. Since the Balance Sheet Date, except in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, the business of the Royale Parties has been conducted in the ordinary course of business and there has not been or occurred:
Appears in 10 contracts
Samples: Agreement and Plan of Merger (Royale Energy Inc), Agreement and Plan of Exchange (Royale Energy Inc), Agreement and Plan of Exchange (Royale Energy, Inc.)
Absence of Certain Changes, Events and Conditions. Since the Balance Sheet DateDecember 31, 2015, except in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, the business of the Royale Parties has been conducted in the ordinary course of business and there has not been or occurred:
Appears in 2 contracts
Samples: Preferred Exchange Agreement (Royale Energy, Inc.), Debt Exchange Agreement (Royale Energy Inc)
