Common use of No Material Change Clause in Contracts

No Material Change. Since December 31, 2002, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 7 contracts

Sources: Placement Agreement (Pxre Group LTD), Placement Agreement (Penn America Group Inc), Placement Agreement (Pxre Group LTD)

No Material Change. Since December 31, 20022003, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 7 contracts

Sources: Placement Agreement (Taylor Capital Group Inc), Placement Agreement (Sterling Financial Corp /Pa/), Placement Agreement (Merchants Bancshares Inc)

No Material Change. Since December 31, 20022004, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 5 contracts

Sources: Placement Agreement (Cowlitz Bancorporation), Placement Agreement (Community Banks Inc /Pa/), Placement Agreement (Exchange National Bancshares Inc)

No Material Change. Since December 31, 20022006, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 5 contracts

Sources: Placement Agreement (Community Banks Inc /Pa/), Placement Agreement (Sterling Financial Corp /Pa/), Placement Agreement (Community Bancorp /Vt)

No Material Change. Since December 31, 20022005, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 4 contracts

Sources: Placement Agreement (Ameris Bancorp), Declaration of Trust (Four Oaks Fincorp Inc), Placement Agreement (National Mercantile Bancorp)

No Material Change. Since December 31, 2002, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 3 contracts

Sources: Placement Agreement (City Savings Financial Corp), Placement Agreement (Redwood Empire Bancorp), Placement Agreement (Stewardship Financial Corp)

No Material Change. Since December 31, 20022001, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 2 contracts

Sources: Placement Agreement (Coast Bancorp/Ca), Placement Agreement (Americanwest Bancorporation)

No Material Change. Since December 31, 20022005, there has been no ------------------ material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 2 contracts

Sources: Placement Agreement (First Banks, Inc), Placement Agreement (First Banks, Inc)

No Material Change. Since December 31, 2002, there has been no ------------------- material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (Florida Banks Inc)

No Material Change. Since December 31, 2002, except as disclosed in the Financial Statements, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (Citizens Banking Corp)

No Material Change. Since December 31, 20022001, there has been no ------------------- material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (Florida Banks Inc)

No Material Change. Since December 31, 20022004, there has been no ------------------- material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (First Banks Inc)

No Material Change. Since December 31, 2002, there has been no material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not riot arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (United Bancshares Inc/Oh)

No Material Change. Since December 31, 2002, there has been no -------------------- material adverse change or development with respect to the condition (financial or otherwise), earnings, affairs, business business, prospects or results of operations of the Company or its Significant Subsidiaries on a consolidated basis, whether or not arising in the ordinary course of business.

Appears in 1 contract

Sources: Placement Agreement (Community Capital Bancshares Inc)