Between December. 31, 1998 and the Closing Date, there will have been (i) no material adverse change in the financial conditions of the Assets, the Assumed Liabilities, operations or prospects of the Systems, whether or not caused by conditions beyond the control of Seller, other than any change caused by any adjustment to rates or rate rollbacks required in connection with rate regulation of the Systems or by legislation, rule making or regulation affecting the cable television industry generally, and (ii) no material loss, damage, impairment, confiscation or condemnation of any of the Assets that has not been repaired or replaced.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Friendship Cable of Arkansas Inc), Asset Purchase Agreement (Classic Communications Inc), Asset Purchase Agreement (Classic Communications Inc)