Common use of Damage/Loss Clause in Contracts

Damage/Loss. Since the end of the most recent accounting period for which an SEC Report has been filed, neither the Company nor any of its subsidiaries has experienced any damage, destruction or loss, whether or not covered by insurance, that would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Series C Convertible Preferred Stock Purchase Agreement (ClearStory Systems, Inc.), Series C Convertible Preferred Stock Purchase Agreement (ClearStory Systems, Inc.)