No Significant Changes Clause Samples
No Significant Changes. VIALOG agrees that there will be no ---------------------- "significant change" (as defined below) in the conduct of the business of the Company for a period of two years after the Public Offering Closing Date without the approval of a majority in interest of the Stockholders. "Significant change" means any change in the location of the Company's facilities, a physical merging of the Company's operations with another operation, any change in the position of those employees who receive employment agreements pursuant to Section 7.2(s), or a reduction in force or the termination of any employee except as related to employee performance or the contemplated reorganization of the combined sales/marketing staff or the accounting function.
No Significant Changes. VIALOG agrees that there will be no ---------------------- "significant change" (as defined below) in the conduct of the business of the Company for a period of two
No Significant Changes. Except as indicated in List 3.22, between June 30, 1999 and the execution date hereof, there has not been any significant adverse change in the Subsidiary's financial situation, assets, liabilities (fixed, contingent, or otherwise), operating results, business, or business prospects that would cause the Subsidiary to assume different liabilities or liabilities other than those the Subsidiary has vis-a-vis the Purchaser or Telefonica, S.A.
No Significant Changes. With the exception of the declarations made in Annex O, the company has been carefully managed since December 31, 1998, under normal conditions and in line with management principles used prior to that date. Since December 31, 1998, no decision has been made or implemented that goes beyond the normal train of business, and no significant negative change has occurred in the company's financial situation, operating profit, or in general, company business. The present sale of shares will not result in the termination, voiding or significant modification of any company contract whatsoever, notably intuitu personae.
No Significant Changes. Except as indicated in List 4.23, between June 30, 1999 and the execution date hereof, there has not been any significant adverse change in INFOSEL's financial situation, Necessary Assets and Necessary Agreements, liabilities (fixed, contingent, or otherwise), operating results, business, or business prospects that would cause [Initials and signatures illegible]