Common use of Adverse Changes in Condition Clause in Contracts

Adverse Changes in Condition. Each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries which (i) is reasonably likely to have, individually or in the aggregate, a Seller Material Adverse Effect or a Purchaser Material Adverse Effect, as applicable, or (ii) would cause or constitute a material breach of any of its representations, warranties, or covenants contained herein, and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Merger Agreement (Heritage Financial Group Inc)

Adverse Changes in Condition. Each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries which Subsidiaries that (i) is reasonably likely to have, individually or in the aggregate, a Seller First ▇▇▇▇▇▇▇▇ Material Adverse Effect or a Purchaser an WGNB Material Adverse Effect, as applicable, or (ii) would cause or constitute a material breach of any of its representations, warranties, or covenants contained herein, and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (WGNB Corp)

Adverse Changes in Condition. Each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries Subsidiaries which (i) is reasonably likely to have, individually or in the aggregate, a Seller Three Rivers Material Adverse Effect or a Purchaser FLAG Material Adverse Effect, as applicable, or (ii) would cause or constitute a material breach of any of its representations, warranties, or covenants contained herein, and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Merger Agreement (Flag Financial Corp)

Adverse Changes in Condition. Each Except to the extent prohibited by Law, ---------------------------- each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries Subsidiaries which (i) is reasonably likely to have, individually or in the aggregate, a Seller Material Adverse Effect or a Purchaser Material Adverse Effect, as applicable, on it or (ii) would cause or constitute a material breach of any of its representations, warranties, warranties or covenants contained herein, herein and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Merger Agreement (National Commerce Bancorporation)

Adverse Changes in Condition. Each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries which Subsidiaries which: (i) is reasonably likely to have, individually or in the aggregate, a Seller Material Adverse Effect or a Purchaser Buyer Material Adverse Effect, as applicable, ; or (ii) would cause or constitute a material breach of any of its representations, warranties, warranties or covenants contained herein, and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Share Exchange Agreement (First Security Group Inc/Tn)

Adverse Changes in Condition. Each Party agrees to give written notice promptly to the other Party upon becoming aware of the occurrence or impending occurrence of any event or circumstance relating to it or any of its subsidiaries Subsidiaries which (i) is reasonably likely to have, individually or in the aggregate, a Seller Target Material Adverse Effect or a Purchaser Buyer Material Adverse Effect, as applicable, or (ii) would cause or constitute a material breach of any of its representations, warranties, warranties or covenants contained herein, and to use its reasonable efforts to prevent or promptly to remedy the same.

Appears in 1 contract

Sources: Merger Agreement (Duck Head Apparel Co Inc)