Common use of No Adverse Developments Clause in Contracts

No Adverse Developments. There is no development or, to Seller's actual knowledge, threatened development affecting the Purchased Assets or the Business (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on the Purchased Assets or the Business, or (ii) would prevent Buyer from conducting the Business following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Elscint LTD)

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No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Sellers' industry in general) or, to Seller's actual Sellers' knowledge, threatened development affecting the Purchased Assets or the Business Sellers (or affecting customers, suppliers, employees, and other Persons which have relationships with SellerSellers) that (i) is having or is reasonably likely to have a Material Adverse Effect material adverse effect on any of the Businesses or the Purchased Assets or the BusinessAssets, or (ii) would prevent Buyer from conducting the Business Businesses following the Closing in the manner in which it was conducted by Seller Sellers prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ackerley Group Inc)

No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller's industry in general) or, to Seller's actual knowledge, threatened development affecting the Purchased Assets or the Business Seller (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on the Purchased Assets or the BusinessSeller, or (ii) would prevent Buyer from conducting the Business business of Seller following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avanex Corp)

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No Adverse Developments. There is no development (exclusive of general economic factors affecting business or Seller’s industry in general) or, to Seller's actual ’s knowledge, threatened development affecting the Purchased Assets or the Business Seller (or affecting customers, suppliers, employees, and other Persons which have relationships with Seller) that (i) is having or is reasonably likely to have a Material Adverse Effect on the Purchased Assets or the BusinessSeller, or (ii) would prevent Buyer from conducting the Business business of Seller following the Closing in the manner in which it was conducted by Seller prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interwave Communications International LTD)

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