Common use of Certain Material Changes Clause in Contracts

Certain Material Changes. Except as specifically required, ------------------------ permitted or effected by this Agreement or as disclosed in the GBB Filings, since March 31, 2001, there has not been, occurred or arisen any of the following (whether or not in the ordinary course of business unless otherwise indicated): (a) any change in any of the assets, liabilities, permits, methods of accounting or accounting practices, business, or manner or conducting business, of GBB or its Subsidiaries or any other event or development that has had or may reasonably be expected to have a Material Adverse Effect on GBB; (b) any damage, destruction or other casualty loss (whether or not covered by insurance) that has had or may reasonably be expected to have a Material Adverse Effect on GBB; (c) any amendment, modification or termination of any existing, or entry into any new, material contract or permit that has had or may reasonably be expected to have a Material Adverse Effect on GBB; or (d) any disposition by GBB or any of its Subsidiaries of an asset the lack of which has had or may reasonably be expected to have a Material Adverse Effect on GBB.

Appears in 2 contracts

Sources: Merger Agreement (Greater Bay Bancorp), Merger Agreement (SJNB Financial Corp)

Certain Material Changes. Except as specifically required, ------------------------ permitted or effected by this Agreement or as disclosed in the any GBB Filings, since March December 31, 20011997, there has not been, occurred or arisen any of the following (whether or not in the ordinary course of business unless otherwise indicated): (a) any Any change in any of the assets, liabilities, permits, methods of accounting or accounting practices, business, or manner or conducting business, of GBB or its Subsidiaries subsidiaries or any other event or development that has had or may reasonably be expected to have a Material Adverse Effect on GBBEffect; (b) any Any damage, destruction or other casualty loss (whether or not covered by insurance) that has had or may reasonably be expected to have a Material Adverse Effect on GBBEffect; (c) any Any amendment, modification or termination of any existing, or entry into any new, material contract or permit that has had or may reasonably be expected to have a Material Adverse Effect on GBBEffect; or (d) any Any disposition by GBB or any of its Subsidiaries of an asset the lack of which has had or may reasonably be expected to have a Material Adverse Effect on GBBEffect.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Greater Bay Bancorp)