Changes in Facts or Circumstances Clause Samples

The "Changes in Facts or Circumstances" clause establishes a party's obligation to notify the other party if any relevant facts or conditions that affect the agreement change after it is signed. In practice, this means that if a party's legal status, financial condition, or other material circumstances shift in a way that could impact their ability to fulfill the contract, they must promptly inform the other party. This clause ensures transparency and allows both parties to reassess their positions or obligations in light of new developments, thereby reducing the risk of misunderstandings or breaches due to unforeseen changes.
Changes in Facts or Circumstances. Borrower shall promptly notify LHC of any material change in any fact or circumstance represented or warranted by Borrower in this Agreement or any of the Loan Documents.
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Changes in Facts or Circumstances. Borrower shall promptly notify Grantee of any material change in any fact or circumstance represented or warranted by Borrower in this Agreement or any of the Loan Documents.
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Changes in Facts or Circumstances. Borrower shall promptly notify OCD of any material change in any fact or circumstance represented or warranted by Borrower in this Agreement or any of the Loan Documents.
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Related to Changes in Facts or Circumstances

  • No Change in Facts or Circumstances All information in the application for the loan submitted to Lender (the "Loan Application") and in all financial statements, rent rolls, reports, certificates and other documents submitted in connection with the Loan Application are complete and accurate in all material respects. There has been no material adverse change in any fact or circumstance that would make any such information incomplete or inaccurate.

  • No Change in Facts or Circumstances; Disclosure All information submitted by and on behalf of Borrower to Lender and in all financial statements, rent rolls (including the rent roll attached hereto as Schedule I), reports, certificates and other documents submitted in connection with the Loan or in satisfaction of the terms thereof and all statements of fact made by Borrower in this Agreement or in any other Loan Document, are true, complete and correct in all material respects. There has been no material adverse change in any condition, fact, circumstance or event that would make any such information inaccurate, incomplete or otherwise misleading in any material respect or that otherwise materially and adversely affects or might materially and adversely affect the use, operation or value of the Property or the business operations or the financial condition of Borrower. Borrower has disclosed to Lender all material facts and has not failed to disclose any material fact that could cause any Provided Information or representation or warranty made herein to be materially misleading.

  • Adverse Circumstances No condition, circumstance, event, agreement, document, instrument, restriction, litigation or proceeding (or threatened litigation or proceeding or basis therefor) exists which: (i) would have a Material Adverse Effect upon Debtor; or (ii) would constitute an Event of Default or an Unmatured Event of Default.

  • No Undisclosed Events or Circumstances No event or circumstance has occurred or exists with respect to the Company or its subsidiaries or their respective businesses, properties, prospects, operations or financial condition, which, under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so publicly announced or disclosed.

  • Changes in Circumstances It is expressly understood and agreed that the Grantee assumes all risks incident to any change hereafter in the applicable laws or regulations or incident to any change in the market value of the Restricted Shares after the date hereof.