Common use of No Material Transactions Clause in Contracts

No Material Transactions. Since December 31, 2005 the Company has not taken any action that would be in violation of Section 3.1 if such provision had been in effect since such date, other than violations which would not have, or could not reasonably be expected to have a Material Adverse Effect or would not, or could not reasonably be expected to, materially interfere with the consummation of the transactions contemplated hereby.