Common use of Negative Changes Clause in Contracts

Negative Changes. From the date hereof, there shall not have occurred any actual or threatened change (including any proposal by the Minister of Finance (Canada) to amend the Tax Act or any announcement, governmental or regulatory initiative, condition, event or development involving a change or a prospective change) that, in the sole judgment of ▇▇▇ ▇▇▇▇▇, acting reasonably, directly or indirectly, has or may have material adverse significance with respect to the business or operations of any of Rolling Thunder and ▇▇▇ ▇▇▇▇▇, in which either of them has a material interest or with respect to the regulatory regime applicable to their respective businesses and operations.