Common use of No Material Changes Clause in Contracts

No Material Changes. (a) Since March 31, 2016, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162018, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 2016, except Except as set forth in the SEC Documents, since December 31, 2008, there has not been: been (i) Any any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; ; (ii) Any to the Company’s knowledge, any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or or (iii) Any any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162015, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 2016, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162012, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 20162013, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162015, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162012, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162017, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 2016, except Except as set forth in the SEC Documents, there has not been: been (i) Any any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial StatementsCompany’s financial statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; ; (ii) Any to the Company’s knowledge, any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or or (iii) Any any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162013, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 20162019, except as set forth in the SEC DocumentsDocuments and additional operating expenses, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162014, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162015, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31December 28, 20162013, except as set forth disclosed in the Company’s SEC Documentsfilings, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162014, except as set forth in the SEC DocumentsDocuments or the Private Placement Memorandum, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162017, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162009, except as set forth in the documents filed by the Company with the SEC Documentssince that date, there has not been: (ia) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (iib) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse EffectEffect on the Company; or (iiic) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162018, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 20162012, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162010, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability Liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162013, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162006, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162019, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162019, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31September 30, 20162021, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162010, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 2016, except Except as set forth in the SEC Documents, since December 31, 2007, there has not been: (ia) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (iib) Any To the Company’s Knowledge, any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iiic) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31June 30, 20162015, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March December 31, 20162009, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.

No Material Changes. (a) Since March 31, 20162018, except as set forth in the SEC Documents, there has not been: (i) Any material adverse change in the financial condition, operations or business of the Company from that shown on the Company Financial Statements, or any material transaction or commitment effected or entered into by the Company outside of the ordinary course of business; (ii) Any effect, change or circumstance which has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) Any incurrence of any material liability outside of the ordinary course of business.