Common use of No Changes or Destruction of Property Clause in Contracts

No Changes or Destruction of Property. (a) Between the date hereof and the Closing Date, there shall have been (i) no material adverse change in the assets, liabilities, business, properties, profits, prospects or condition of FCEI; (ii) no material adverse federal or state legislative or regulatory change affecting the products, services or business of FCEI; and (iii) no material damage to the properties and assets of FCEI, by fire, flood, casualty, act of God or the public enemy or other cause, regardless of insurance coverage for such damage; and (b) there shall have been delivered to AAPH a certificate or certificates to such effect, dated the Closing Date, signed on behalf of FCEI by an authorized representative of FCEI.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Aap Holdings Inc), Agreement and Plan of Reorganization (Forte Computer Easy Inc)