Common use of No Material Adverse Development Clause in Contracts

No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of the Business to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Tower Systems Corp)

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No Material Adverse Development. There shall not have been any material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse development shall have occurred with respect to the Business that results in a significant impairment to the ability of Buyer to operate the Business to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Dj Orthopedics Capital Corp), Asset Purchase Agreement (Usinternetworking Inc)

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No Material Adverse Development. There shall not have been any ------------------------------- material adverse change in the business or prospects of any of the Business or the condition of the Assets. No material adverse change or development shall have occurred with respect to the Business that results in a significant impairment to the ability of the Business to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Business or Assets being conveyed, except such change or development affecting the satellite transmission business in the United States generally.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Tower Systems Corp)

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