Meeting Financial Obligations; Material Adverse Change Sample Clauses

Meeting Financial Obligations; Material Adverse Change. Xxxxx and any member of Buyer are meeting their respective current liabilities as they mature; no federal or state tax liens have been filed against any of them; and neither Buyer nor any member of Buyer is in default or claimed default under any agreement for borrowed money. Buyer shall, within three (3) business days, notify the TJPA of any material adverse change in the financial condition of Buyer or any member of Buyer that would prevent performance of Buyer’s obligations under this Agreement.
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Meeting Financial Obligations; Material Adverse Change. Each of Lead Developer and Affordable Developer and its members are meeting their current liabilities as they mature; no federal or state tax liens have been filed against them; and each of Lead Developer and Affordable Developer and its members are not in default or claimed default under any agreement for borrowed money. Each of Lead Developer and Affordable Developer shall during the Term of this Agreement immediately notify the Successor Agency of any material adverse change in the financial condition of itself and its members and such material adverse change shall constitute a default under this Agreement if the material adverse change in the financial condition of itself and its members materially affects the Developer’s ability to meet its obligations under this Agreement, subject to the cure and remedy provisions of Section 17.A(e).
Sample 1
Meeting Financial Obligations; Material Adverse Change. Developer is meeting its current liabilities as they mature; to Developer’s actual knowledge, no federal or state tax liens have been filed against it; and Developer is not in default or claimed default under any agreement for borrowed money. Developer shall during the Term of this ENA promptly notify City of any material, adverse change in its financial condition, and such material, adverse change shall constitute a default under this ENA if the material, adverse change in its financial condition materially affects Developer’s ability to meet its obligations under this ENA.
Sample 1
Meeting Financial Obligations; Material Adverse Change. Developer and its members are meeting their current liabilities as they mature; no federal or state tax liens have been filed against them; and each Developer and its members are not in default or claimed default under any agreement for borrowed money. Developer shall during the Term of this Agreement immediately notify the Successor Agency of any material adverse change in the financial condition of itself and its members and such material adverse change shall constitute a Developer Event of Default under this Agreement if the material adverse change in the financial condition of itself and its members materially affects the Developer’s ability to meet its obligations under this Agreement, subject to the cure and remedy provisions of Section 17.A(c).
Sample 1
Meeting Financial Obligations; Material Adverse Change. Developer and its members are meeting their current liabilities as they mature; no federal or state tax liens have been filed against them; and Developer and its members are not in default or claimed default under any agreement for borrowed money. Developer shall during the Term of this Agreement immediately notify OCII of any material adverse change in the financial condition of itself and its members and such material adverse change shall constitute a Developer Event of Default under this Agreement if the material adverse change in the financial condition of itself and its members materially affects the Developer’s ability to meet its obligations under this Agreement.
Sample 1

Related to Meeting Financial Obligations; Material Adverse Change

  • Material Adverse Change A Material Adverse Change occurs;

  • No Material Adverse Change in Business Except as otherwise stated therein, since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, (A) there has been no material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business (a “Material Adverse Effect”), (B) there have been no transactions entered into by the Company or any of its subsidiaries, other than those in the ordinary course of business, which are material with respect to the Company and its subsidiaries considered as one enterprise, and (C) there has been no dividend or distribution of any kind declared, paid or made by the Company on any class of its capital stock.

  • No Material Adverse Change No event or condition of a type described in Section 3(h) hereof shall have occurred or shall exist, which event or condition is not described in the Pricing Disclosure Package (excluding any amendment or supplement thereto) and the Prospectus (excluding any amendment or supplement thereto) and the effect of which in the judgment of the Representatives makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Shares on the Closing Date or the Additional Closing Date, as the case may be, on the terms and in the manner contemplated by this Agreement, the Pricing Disclosure Package and the Prospectus.

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