Changes in Condition Clause Samples
The "Changes in Condition" clause defines how parties should address unforeseen or differing site conditions that arise during the performance of a contract. Typically, this clause requires the contractor to promptly notify the owner or project manager if they encounter physical conditions that differ materially from those indicated in the contract documents or that are unusual and not generally encountered in the type of work being performed. The clause outlines the process for evaluating such changes, which may include adjustments to the contract price or schedule. Its core function is to allocate risk and provide a clear mechanism for handling unexpected site conditions, thereby reducing disputes and ensuring that both parties are treated fairly when circumstances change.
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Changes in Condition. Since December 31, 2020, there has been no development or event nor any prospective development or event, which has had, or would reasonably be expected to have, a Material Adverse Effect.
Changes in Condition. In the event of any advantageous technical changes and/or downward pricing of the Services during the duration of this Agreement, the Contractor shall notify UNDP immediately. UNDP shall consider the impact of any such event and may request an amendment to the Agreement.
Changes in Condition. Since the date of the most recent financial -------------------- statements forming part of the Financial Statements, except to the extent specifically described in Section 3.3 of the Disclosure Schedule, there has been no Adverse Change in the Company or the Company and its Subsidiaries taken as a whole. There is no Event known to the Company which Adversely Affects, or in the future might (so far as the Company or the Principal Stockholder can now reasonably foresee) Adversely Affect, the Company or the Company and its Subsidiaries taken as a whole, or the ability of the Company to perform any of the obligations set forth in this Agreement or any Collateral Document executed or required to be executed pursuant hereto or thereto except for changes in general economic conditions and to the extent set forth in Section 3.3 of the Disclosure Schedule.
Changes in Condition. Since the date of the latest Annual --------------------- Financial Statements, no Material Adverse Change has occurred between such date and the date hereof, and neither Tenant nor any Affiliate has entered into any material transaction outside the ordinary course of its or their operations or business, including the Business, except as set forth in Schedule 12.03 and the -------------- matters contemplated by this Lease.
Changes in Condition. Since June 30, 2006, there has been no Material Adverse Effect (other than an event described in Schedule 5.02), and since the later of June 30, 2006 or the end of the Company’s most recently completed fiscal year for which financial reports have been furnished to the Lenders in accordance with Section 6.04(a), neither the Company nor any Subsidiary of the Company has entered into any material transaction outside the ordinary course of business except for the transactions permitted by this Agreement and the Material Agreements or as described in Schedule 5.02.
Changes in Condition. Since December 31, 1996, there has been no material adverse change in the business or assets or in the condition, financial or otherwise, of the Company or of Enstar Communications.
Changes in Condition. CONTRACTOR agrees to provide written notice within 14 calendar days to the COMMISSION if significant changes or events occur during the term of this agreement which could potentially impact CONTRACTOR’S progress toward, or completion of, the Scope of Work, including, but not limited to changes in CONTRACTOR’S management personnel, loss of funding, or revocation of the CONTRACTOR’S tax-exempt status, business license or permit.
Changes in Condition. (i) The representations and warranties of the Company contained in this Agreement or in any other Loan Document shall be true and correct as of the Closing Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date.
(ii) The Company shall be in compliance with all of its covenants and agreements contained in the Loan Documents and the Intercompany Revolving Facilities.
(iii) There shall not have occurred since the date of the audited financial statements of the Company and its Consolidated Subsidiaries described in clause (o) below, a Material Adverse Effect, except as otherwise disclosed in the Company’s public filings with the US Securities and Exchange Commission or the Comisión Nacional Bancaria y de Valores prior to the date hereof and listed on Schedule 5.06(c) (Existing Material Adverse Effects).
(iv) No Default or Event of Default shall have occurred and be continuing either prior to or after giving effect to the transactions (including any transactions with respect to the Other Restructured Indebtedness) contemplated on the Closing Date.
(v) There shall have occurred no circumstance and/or event of a financial, political or economic nature in Mexico or in the international financial, banking or capital markets that has a reasonable likelihood of having a Material Adverse Effect on the Company and its Subsidiaries.
(vi) No default shall have occurred and be continuing on any material Indebtedness of the Company or any of its Subsidiaries (including the Bank of America Facility and the Bancomext-Gimsa Loan).
(vii) The Initial Lender shall have received a certificate signed by the chief financial officer and one additional Senior Officer of the Company, dated as of the Closing Date, to the effect that, both before and after giving effect to the transactions contemplated by the Loan Documents and the Intercompany Revolving Facilities, each of the conditions precedent in clauses (i) through (vi) above are true and correct
Changes in Condition. Since December 31, 1998 there has been no material adverse change in the business or assets or in the condition, financial or otherwise, of the Company and its Subsidiaries, on a consolidated basis.
Changes in Condition. Except as specifically contemplated by this Agreement since the Balance Sheet Date: (a) no Group Company has entered into any transaction except in its ordinary course of business: (b) there has been no Material Adverse Event with respect to any Group Company: (c) no Group Company has incurred any tax liability except in the ordinary course of business; (d) there has been no resignation or termination of employment of any member among the Senior Management of any Group Company, and there is no impending resignation or termination of employment of any member among the Senior Management of any Group Company that, if consummated, would constitute a Material Adverse Event; (e) there has been no labor dispute involving any Group Company or any of its respective employees and none is pending or threatened that could result in a Material Adverse Event; (f) there has been no waiver by any Group Company of a valuable right or debt owing to such member which would constitute a Material Adverse Event, (g) there has not been any satisfaction or discharge of any lien, claim, or encumbrance, or any payment of any obligation by any Group Company, except in the ordinary course of business and (h) there has been no change to a contract or arrangement by which or to which any Group Company or any of its assets or properties is bound or subject.