Common use of Absence of Change Clause in Contracts

Absence of Change. Between the date of this Agreement and the ----------------- Effective Time, no adverse change shall have occurred in the business, operations or financial or other condition of the Company, its business or the Company Business Assets, nor shall there have occurred any casualty loss or destruction of, or damage to, any of the Company Assets.

Appears in 2 contracts

Samples: Merger Agreement (Sciquest Com Inc), Merger Agreement (Sciquest Com Inc)

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Absence of Change. Between the date of this Agreement and the ----------------- Effective TimeClosing, no adverse change shall have occurred in the business, operations or financial or other condition of the Company, its business or the Company Business Assets, nor shall there have occurred any casualty loss or destruction of, or damage to, any of the Company Assets. Notwithstanding the foregoing, the Buyer understands that the Company is currently insolvent and such insolvency shall not constitute a Material Adverse Effect for any purpose of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dnaprint Genomics Inc)

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Absence of Change. Between the date of this Agreement and the ----------------- Effective TimeClosing, no adverse change shall have occurred in the business, operations or financial or other condition of the Company, its business or the Company Business Assets, nor shall there have occurred any casualty loss or destruction of, or damage to, any of the Company Assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dnaprint Genomics Inc)

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