Common use of Significant Change Clause in Contracts

Significant Change. “Significant Change” means a legislative, regulatory or other change that is or is likely to be materially adverse to LH’s business, assets, financial condition, prospects or results of operations, taken as a whole; provided that any potential future adverse event (or the results thereof) considered by the District’s System Board when it voted to approve the Conversion shall not constitute a Significant Change.

Appears in 3 contracts

Sources: Mission Agreement, Mission Agreement, Mission Agreement