No Deterioration Clause Samples
The No Deterioration clause ensures that a specified asset, property, or condition remains in the same state as at a particular reference point, typically the date of agreement or inspection. In practice, this means the party responsible must maintain the item or property and prevent any decline in quality, value, or functionality until a certain event, such as completion or handover. This clause is crucial for protecting the interests of the receiving party by preventing any loss or damage before the transaction is finalized.
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No Deterioration. Except as described in Schedule 5.2 attached hereto, nothing has occurred that has or may reasonably be expected to affect materially adversely the Company, its assets or its business
No Deterioration. Nothing shall have occurred since the date of the Disclosure Documents that has or may reasonably be expected to affect materially adversely the Company, its assets or its business
No Deterioration. Except as described in Schedule 5.2 attached hereto, nothing has occurred since the date of the Disclosure Documents that has or may reasonably be expected to affect materially adversely the Company, its assets or its business.