No Adverse Effect Sample Clauses
The "No Adverse Effect" clause is designed to ensure that certain actions, changes, or agreements do not negatively impact the rights, interests, or obligations of a party. In practice, this clause may require that any amendments, waivers, or new arrangements must not result in harm or detriment to the specified party, such as reducing their benefits or increasing their liabilities. Its core function is to protect parties from unintended negative consequences, thereby maintaining the original balance of the agreement and providing assurance that their position will not be worsened by subsequent developments.
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No Adverse Effect. No Teacher who was in the employ of the Board on the day prior to the effective date hereof shall be adversely affected with respect to either grid placement or movement on the grid by reason of the application of Articles L9.06 and L9.07 or by reason of implementation of the new Collective Agreement.
No Adverse Effect. The acquisition by the Collateral Agent of the Additional Collateral Certificate shall not, in the reasonable belief of the Trust, result in an Adverse Effect.
No Adverse Effect. The acquisition by the Trust of the Receivables arising in the Additional Accounts shall not, in the reasonable belief of the Transferor, result in an Adverse Effect;
No Adverse Effect. The exercise or non-exercise of the rights of ----------------- the Investors hereunder to participate in one or more sales of Shares made by a Founder shall not adversely affect their rights to participate in subsequent sales of Common Stock by a Founder.
No Adverse Effect. In providing the Services, no Party shall take any action that could reasonably be expected to have a material adverse effect on the assets or business of the other Party or any of its Affiliates, or on the ability of the other Party to comply with its obligations under this Agreement, without obtaining such other Party’s prior written consent.
No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in the Additional Accounts shall not, in the reasonable belief of the Trust, result in an Adverse Effect;
No Adverse Effect. The business and operations of Pubco will not have suffered any Material Adverse Effect.
No Adverse Effect. The exercise or non-exercise of the rights of the Investors hereunder to participate in one or more Transfers of Shares made by a Common Holder shall not adversely affect the Investors’ rights to participate in any subsequent Transfers.
No Adverse Effect. The Investors’ exercise or non-exercise of the Right of First Refusal or the Co-Sale Right shall not adversely affect their rights to participate in subsequent transfers of Stock by the Transferring Shareholder subject to the provisions of this Section 5.
No Adverse Effect. Except as otherwise expressly agreed upon by the Parties in the Transition Plan, any Project Work Order or in connection with any New Services or Contract Change, Successful Respondent shall not, by any act or omission (1) adversely affect or alter the functionality, interoperability, performance, accuracy, speed, responsiveness, quality, cost, or resource efficiency of DIR's Retained Systems and Processes without the prior consent of DIR, or (2) require changes to DIR’s Retained Systems and Processes, including associated processes, applications, systems, software, utilities, tools, or equipment, without the prior consent of DIR.