No Material Adverse Change there has been no material adverse change in its financial condition or operations since 31st December, 1997 nor in the consolidated financial condition or operations of it and its subsidiaries since that date; and
No Material Adverse Change. No material adverse change has occurred in the existing or prospective financial condition, business, assets or liabilities of the Borrower.
No Material Adverse Change no Material Adverse Change occurs between the date of this Agreement and 8.00am on the Implementation Date”;
Examples of No Material Adverse Change in a sentence
No Material Adverse Change has occurred since the dates of such financial statements.
No Material Adverse Change shall have occurred since the date of the most recent financial statements submitted to Lender.
No Material Adverse Change shall have occurred since December 31, 2017.
No Material Adverse Change shall have occurred since the date of this Agreement.
No Material Adverse Change has occurred since the date of the Financial Statements.
More Definitions of No Material Adverse Change
No Material Adverse Change means that between the date of the Interim Balance Sheet and the Closing, the business, operations, assets, properties and prospects of Seller and the Business shall have not been, or threatened to be, materially and adversely affected in any way as a result of any event, occurrence, act or omission.
No Material Adverse Change. No material adverse change shall occur in the affairs, operations or business of Penn West and its subsidiaries, taken as a whole, from and after the date hereof and prior to the Effective Date, and no material adverse change in the financial condition of Penn West and its subsidiaries, taken as a whole, shall have occurred prior to the date hereof or shall occur from and after the date hereof and prior to the Effective Date from that reflected in the audited consolidated financial statements of Penn West for the fiscal year ending December 31, 2006, or in the unaudited consolidated financial statements of Penn West for the fiscal period ending June 30, 2007 (other than a material adverse change resulting from: (i) conditions affecting the oil and gas industry generally in jurisdictions in which it carries on business, including changes in commodity prices, royalties, laws or taxes; (ii) general or economic, financial, currency exchange, securities or commodities market conditions; (iii) any matter which was publicly disclosed or which was communicated in writing to Canetic by Penn West prior to the date of this agreement; or (iv) any matter permitted by this agreement or the Transaction Agreement, the Disclosure Letter or consented to by Canetic) ("Penn West Material Adverse Change").
No Material Adverse Change. No Material Adverse Change shall have occurred between the date of the Transaction Agreement and until settlement of the Offer. For this purpose, "Material Adverse Change" shall mean any fact, circumstance, development, event or change which individually or in aggregate is, or is reasonably likely to be, materially adverse to the business, assets, operations, condition (financial or otherwise), prospects or results of operation of the Group (taken as a whole), excluding any fact, circumstance, development, event or change related to or resulting from (A) changes that affect the industry in which the Group operates generally, and any changes in the general economic, business, or market conditions or financial or capital markets, unless such changes affect the Group disproportionally compared to its peers or (B) the announcement, existence or completion of the Offer or any action taken by the Offeror or its affiliates. If, as a result of the Offer, the Offeror acquires and holds 90% or more of all Shares (excluding treasury shares owned by the Company), the Offeror will have the right, and intends to, carry out a compulsory acquisition of the remaining Shares. Alternatively, if the Offeror owns more than one third but less than 90% of the Shares following completion of the Offer (such situation requiring a waiver of the minimum acceptance condition to be resolved by the Offeror in its sole discretion), the Offeror will be required to make a mandatory offer for the remaining Shares in accordance with Section 6 of the Norwegian Securities Trading Act. Furthermore, if, as a result of the Offer or otherwise, the Offeror holds a sufficient majority of the Shares, the Offeror intends to propose that the general meeting of the Company passes a resolution to apply for a de-listing of the Shares from the Oslo Stock Exchange. The Company also intends, in such event, to resolve to withdraw the Shares from trading on the OTCQX® Best Market, New York, where the Shares currently are trading under the ticker "GCCRF".
No Material Adverse Change no Material Adverse Change has occurred;
No Material Adverse Change. Except as set forth on Annex 3.05 hereto, since December 31, 1999, Xtal and the Company have operated only in the ordinary course of business consistent with past practices and no Material Adverse Change in the assets, liabilities, financial condition, results of operation, business or prospects of Xtal and the Company have occurred. There has not occurred any event, nor has any governmental regulation or order become effective, which could cause such a Material Adverse Change, nor, to Xtal's, the Company's and Algar's knowledge, is the occurrence or implementation of any such event, regulation or order threatened.
No Material Adverse Change there has been no material adverse change in the financial condition or operations of HP since 31st October, 1997 nor in the consolidated financial condition or operations of HP and the subsidiaries of HP since that date; and
No Material Adverse Change. Except as set forth on Schedule 8.12, there has been no change in the sales, profits, business, assets, condition, financial or otherwise, prospects or results of operations of the Business since the date of the Reference Statement of Net Assets which has had a Material Adverse Effect on the Business taken as whole, except for any changes which will result or have resulted exclusively from the announcement of the sale of the Business to Purchaser and the transition efforts conducted by Purchaser prior to Closing. Except as set forth in Schedule 8.12, since the date of the Reference Statement of Net Assets, Seller has caused the Business to be conducted in the ordinary course and in substantially the same manner as previously conducted and has made all reasonable efforts consistent with past practices to preserve the relationships of the Business with customers, suppliers and others with whom the Business deals.