No Materially Adverse Change. Since September 30, 2003, no transaction, arrangement, event or other circumstance has occurred or existed which (i) has had a material adverse effect on the business, assets, properties, operations or condition (financial or otherwise) of the Company or (ii) is, as of the date hereof, reasonably expected to result in any such effect, except to the extent such event or transaction has been disclosed in Commission Reports.
No Materially Adverse Change. Since the Balance Sheet Date, there have been no changes in the condition, financial or otherwise, of the Business, or in its prospects, earnings or properties, whether or not arising from transactions in the ordinary course of business, that, individually or in the aggregate, have been materially adverse to the prospects, earnings, properties or condition, financial or otherwise, of Seller.
No Materially Adverse Change. Since the date of Holdings's balance sheet referred to in (S) 6.1.7, there has been no materially adverse change in Holdings's financial condition or operations, except for matters disclosed in the financial statements referred to in (S) 6.1.7.
No Materially Adverse Change. Since October 31, 1996, there have been ---------------------------- no changes in the condition, financial or otherwise, of Purchaser's business, or in its earnings or properties, whether or not arising from transactions in the ordinary course of business, that, individually or in the aggregate, have been, or could reasonably be expected to be, materially adverse to the prospects, earnings, properties or condition, financial or otherwise, of Purchaser or Purchaser's business.
No Materially Adverse Change. No materially adverse change shall have occurred between the Stub Period Date and the Closing.
No Materially Adverse Change. Since the date of Holdings’ balance sheet referred to in Section 5.1(g), there has been no materially adverse change in Borrower’s financial condition, operations or business.
No Materially Adverse Change. There shall not have occurred any materially adverse change in the condition (financial or otherwise), operations, assets, liabilities and/or prospects of CML and its Subsidiaries since November 1, 1997 other than as disclosed to the Administrative Agent and the Lenders in writing (including the Monthly Budget and the Weekly Budget attached as ANNEX A and ANNEX B, respectively, hereto) on or prior to the Amendment No. 1 Effective Date.
No Materially Adverse Change. No event or circumstance shall have arisen or occurred which has had or could reasonably be expected to have a material adverse change on the business, financial condition, operations, results of operations or future prospects of Teltronics.
No Materially Adverse Change. There has occurred no event since ---------------------------- December 31, 1997 which has or which could reasonably be expected to have a Materially Adverse Effect other than the Separation Obligations.
No Materially Adverse Change. Since June 30, 2006, there has not been any Materially Adverse Change and no event has occurred or circumstance exists that reasonably would be expected to result in a Materially Adverse Change.
