Material Developments Clause Examples
The 'Material Developments' clause requires parties to promptly notify each other of any significant events or changes that could impact the agreement or the parties' ability to fulfill their obligations. In practice, this might include events such as major financial changes, regulatory actions, or other circumstances that materially affect the business or operations relevant to the contract. By mandating disclosure of such developments, the clause ensures transparency and allows both parties to assess and address potential risks or necessary adjustments in a timely manner.
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Material Developments. The Company shall report promptly and regularly to the Member any material adverse change in the financial condition, business or property of the Company or any entity related to it and any event or circumstance known to the Company that may result, directly or indirectly, in any liability or obligation being imposed upon any Indemnitee.
Material Developments. The Company shall as soon as reasonably practicable procure that all material actual and materially important developments as foreseen by the Company regarding the Group's affairs are communicated to the Directors at meetings of the Board (or through Board papers) or in writing to the Directors.
Material Developments any development or information which (i) relates, directly or indirectly, to the Issuer, its business, financial situation, profits or prospects, or any of its financial instruments, (ii) which has not been made public and (iii) would be likely to have a significant effect on the price of the Notes issued hereunder if it were made public, except that if such development or information constitutes inside information within the meaning of Article 7 MAR, the disclosure of which the Issuer has delayed in accordance with Article 17(4) MAR, no notification needs to be made while such right to delay disclosure continues. If, following the time of an agreement under ▇▇▇▇▇▇ 2 and before the issue of the relevant Notes, the Issuer becomes aware that the conditions specified in Clause 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the Relevant Dealer to this effect giving full details thereof. In such circumstances and subject to the provisions of the relevant Subscription Agreement, the Relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under Clause 2. Without prejudice to the generality of the foregoing, the Issuer shall from time to time promptly furnish to each Dealer such information relating to the Issuer as such Dealer may reasonably request.
Material Developments. Within ten (10) days after the occurrence thereof, detailed written notice of all material developments and of all transactions outside of the ordinary course of business that have or might have a significant effect on the results of operations, financial condition, business, or prospects of the Company or any of its Subsidiaries or on each Purchaser’s interest in the Securities.
Material Developments. The Farmor shall promptly notify the Farmee and provide details upon the occurrence of: (a) any written notice of default or termination received or given by the Farmor with respect to the Contract, (b) any written notice of any pending or threatened claim, demand, action, suit, inquiry or proceeding related to the Farmor or the Contract, or (c) any event or condition between the Effective Date and the Consent Date that (i) would have a material adverse effect on the business, operations, financial condition or results of operations under the Contract, taken as a whole, or (ii) would render impossible the Farmee’s right to the transfer contemplated herein.
Material Developments. Prior to the Initial Closing, the Company shall keep the Purchaser advised of all material developments relevant to its business and to consummation of the transactions contemplated hereby.
Material Developments. Borrower’s representatives, professionals and their officers shall promptly advise Lender of any material adverse developments in the business or operations of Borrower or matters that could reasonably be expected to negatively impact Borrower’s Budget or otherwise constituting, with or without the passage of time, a Material Adverse Effect.
Material Developments. There shall not have occurred after the date of this Agreement any event or development with relation to the Company or its Subsidiaries that, individually or in the aggregate, has had a Company Material Adverse Effect.
Material Developments. The Company will notify each Selling Stockholder of the happening of any event as a result of which a Prospectus being used by such Selling Stockholder to sell Shares pursuant to a Registration Statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Following such notice and upon the Company's written request, each Selling Stockholder shall deliver to the Company all copies (other than permanent file copies then in any Stockholder's possession) of the Prospectus that was in effect prior to such written notice. Subject to Section 12, the Company thereafter will use commercially reasonable efforts to prepare promptly a supplement or amendment of such Prospectus so that, as thereafter delivered to the purchaser of the Shares, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Material Developments. Farmor shall promptly notify Farmee and provide details upon the occurrence of: (a) any written notice of default or termination received or given to Farmor with respect to the Underlying Leases or the Focus Ranch Unit, (b) any written notice of any pending or threatened claim, demand, action, suit, inquiry or proceeding related to the Underlying Leases or Focus Ranch Unit, or (c) any event or condition between the date of this Agreement and the Approval Date that would render impossible Farmor's performance of its obligations under this Agreement.