Common use of Material Condition Clause in Contracts

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ▇▇▇▇▇▇▇, any material adverse requirement upon ▇▇▇▇▇▇▇ or any ▇▇▇▇▇▇▇ subsidiary, including, without limitation, any requirement that ▇▇▇▇▇▇▇ sell or dispose of any significant amount of the assets of North Penn, or any other ▇▇▇▇▇▇▇ subsidiary.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ▇▇▇▇▇▇▇, any material adverse requirement upon ▇▇▇▇▇▇▇ or any ▇▇▇▇▇▇▇ subsidiarySubsidiary, including, without limitation, any requirement that ▇▇▇▇▇▇▇ sell or dispose of any significant amount of the assets of North PennDelaware, or any other ▇▇▇▇▇▇▇ subsidiarySubsidiary.