Common use of Events Subsequent to the Balance Sheet Date Clause in Contracts

Events Subsequent to the Balance Sheet Date. Since the Balance Sheet Date there has not been (I) any material adverse change in the financial condition of the Seller's Business, (ii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction outside the Ordinary Course of Business with respect to the Seller's Business or (iii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act or transaction which with the passage of time would reasonably be expected to result in a material adverse change in the financial condition of the Seller's Business.

Appears in 1 contract

Sources: Asset Purchase Agreement (Trimark Holdings Inc)

Events Subsequent to the Balance Sheet Date. Since the Balance Sheet Date there has not been (Ii) any material adverse change in the financial condition of the Seller's Business, (ii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction outside the Ordinary Course of Business with respect to the Seller's Business or (iii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act or transaction which with the passage of time would reasonably be expected to result in a material adverse change in the financial condition of the Seller's Business.

Appears in 1 contract

Sources: Asset Purchase Agreement (Graphix Zone Inc /Ca/)