Common use of No Material Changes, Etc Clause in Contracts

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Subsidiaries. Since the Balance Sheet Date, the Borrower has not made any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of and its SubsidiariesSubsidiaries on a consolidated basis. Since Except as set forth on Schedule 5.5 hereto, the Borrower has not, since the Balance Sheet Date, the Borrower has not made any DistributionDistributions.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Subsidiaries. Since Except as set forth on SCHEDULE 5.5, since the Balance Sheet Date, Date the Borrower has not made any Distribution.

No Material Changes, Etc. Since Except as indicated on Schedule 5.5 hereto, since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of any of the Borrower and its Borrowers or their Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower Borrowers and its their Subsidiaries as at the Balance Sheet Date, or the related consolidated statement statements of income income, retained earnings or cash flow for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Borrowers and their Subsidiaries. Since the Balance Sheet Date, the no Borrower has not made any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date Date, there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Subsidiaries. Since the Balance Sheet Date, the Borrower has not made any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated combined statement of income for the fiscal year period then ended, other than changes contemplated by the Distribution Agreement or in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Subsidiaries. Since the Balance Sheet Date, the Borrower has not made any Distribution, except as contemplated by the Distribution Agreement.

No Material Changes, Etc. Since the Balance Sheet Date Date, there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Subsidiaries. Since Except as expressly permitted by Section 9.4, since the Balance Sheet Date, the Borrower has not made any Distribution.

No Material Changes, Etc. Since the Balance Sheet Date Date, except as set forth in Schedule 6.5 hereto, there has occurred no materially adverse change in the financial condition or business of the Borrower and its Subsidiaries taken as a whole as shown on or reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date, or the consolidated statement of income for the fiscal year then ended, other than changes in the ordinary course of business that have not had any materially adverse effect either individually or in the aggregate on the business or financial condition of the Borrower or any of its Significant Subsidiaries. Since the Balance Sheet Date, except as set forth in Schedule 6.5, the Borrower has not made any Distribution.