No Changes or Destruction of Property. Between the date hereof and ------------------------------------- the Closing Date, there shall have been (a) no material adverse change in the Business or any of the Purchased Assets; (b) no federal, state or local legislative or regulatory change materially adversely affecting the Business or the Purchased Assets; (c) no damage, destruction, loss or claim or condemnation or other taking materially adversely affecting the Business or the Purchased Assets that has not been repaired or replaced in accordance with Section 4.3 hereof; and (d) no lawsuit, proceeding or claim filed or asserted against Seller that, if adversely determined, may have a material adverse effect on the Business or the Purchased Assets.
Appears in 1 contract
Sources: Asset Purchase Agreement (Medical Resources Inc /De/)
No Changes or Destruction of Property. Between the date hereof and ------------------------------------- the Closing Date, there shall have been (a) no material adverse change in the Business or any of the Purchased Assets; (b) no federal, state or local legislative or regulatory change materially adversely affecting the Business or the Purchased Assets; (c) no damage, destruction, loss or claim or condemnation or other taking materially adversely affecting the Business or the Purchased Assets that has not been repaired or replaced in accordance with Section 4.3 hereofAssets; and (d) no lawsuit, proceeding or claim filed or asserted against the Stockholder or the Seller that, if adversely determined, may could reasonably be expected to have a material adverse effect on the Business or the Purchased Assets.
Appears in 1 contract
Sources: Asset Purchase Agreement (Medical Resources Inc /De/)