Common use of No Adverse Developments Clause in Contracts

No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller’s industry in general) or, to Seller’s knowledge, threatened development affecting Seller (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on Seller, or (ii) would prevent Buyer from conducting the business of Seller following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Interwave Communications International LTD)

No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller’s 's industry in general) or, to Seller’s 's knowledge, threatened development affecting Seller (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on Seller, or (ii) would prevent Buyer from conducting the business of Seller following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Avanex Corp)

No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller’s Sellers' industry in general) or, to Seller’s Sellers' knowledge, threatened development affecting Seller Sellers (or affecting customers, suppliers, employees, and other Persons which have relationships with SellerSellers) that (i) is having or is reasonably likely to have a Material Adverse Effect material adverse effect on Sellerany of the Businesses or the Purchased Assets, or (ii) would prevent Buyer from conducting the business of Seller Businesses following the Closing in the manner in which it was conducted by Seller Sellers prior to the Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Ackerley Group Inc)

No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller’s industry in general) or, to Seller’s 's actual knowledge, threatened development affecting Seller the Purchased Assets or the Business (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on Sellerthe Purchased Assets or the Business, or (ii) would prevent Buyer from conducting the business of Seller Business following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Elscint LTD)