Adverse Changes. Suffered or experienced any change in, or affecting, its condition (financial or otherwise), properties, assets, liabilities, business, operations, results of operations or prospects which would have a Material Adverse Effect;

From the date of this Agreement to the Closing Date, there shall not have been any material adverse change in # the business, operations, assets, liabilities, earnings, condition (financial or otherwise) or prospects of the Company or # with respect to the Shareholders and the Shares, and no material adverse change shall have occurred (or be threatened) in any domestic or foreign laws affecting the Company or in any third party contractual or other business relationships of the Company.

No Adverse Changes. Except as set forth on [Schedule 4.17], since December 31, 2018, [[Organization A:Organization]] has not suffered or incurred any loss, damage, destruction, or other event that has caused or given rise to any Material Adverse Effect.

Material Adverse Changes. Except as disclosed in the Prospectus and the Time of Sale Information, # in the reasonable judgment of the Agent there shall not have occurred any Material Adverse Change; and # there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

Since September 30, 2016 except as stated in any Exchange Act Report filed since such date or as disclosed herein pursuant to [Section 3.7]: # there has been no event, circumstance or condition relating to or affecting the business, assets, liabilities, results of operations or condition (financial or otherwise) of the Company and the Subsidiaries taken as a whole, or the ability of the Company to continue to conduct business in the usual and ordinary course of the Company and the Subsidiaries taken as a whole, whether or not arising in the ordinary course of business, which would have a Material Adverse Effect; and # except for the transactions contemplated by this Agreement, as set forth on [Schedule 3.7], or as set forth in the Exchange Act Reports, there has been no material transaction entered into by the Company or any of the Subsidiaries other than # transactions in the ordinary course of business or # transactions which would not have a Material Adverse Effect; and # there have not been any changes in the capital stock of the Company. On the date hereof, no dividend or other distribution with respect to the Company’s Common Stock has been declared but not yet paid or distributed which has a record date prior to the date hereof, except as disclosed on [Schedule 3.7].

No Material Adverse Changes. There shall have been no event or circumstance relating to the business, operations, properties, prospects or financial condition of [[MBM Cleaners:Organization]] that is material and adverse to [[MBM Cleaners:Organization]], taken as a whole, including without limitation, any material increase in the liabilities of [[MBM Cleaners:Organization]] or any material decrease in the assets of [[MBM Cleaners:Organization]], in each case between the date hereof and the Closing Date.

No Material Adverse Changes. There shall have been no event or circumstance relating to the business, operations, properties, prospects or financial condition of EXAD that is material and adverse to EXAD, taken as a whole, including without limitation, any material increase in the liabilities of EXAD between the date hereof and the Closing Date.

No Changes or Material Adverse Effects. (a) Between February 29, 2016 and the Execution Date, the business of the Contributed Entities, taken as a whole, has been conducted in the ordinary course of business, # subsequent to February 29, 2016, there has not been any change, event or occurrence that has had or would reasonably be expected to have a Contributed Entity Material Adverse Effect or, with respect to the Second Closing, a Crestwood Pipeline East Material Adverse Effect and # between February 29, 2016 and the Execution Date, the Contributed Entities have not taken any action which, if taken after the date hereof, would require the consent of CEGPS pursuant to Section 5.1.

No Adverse Change. There have been no material adverse changes to the financial condition, results of operations, business or prospects of the Company.

· Adverse changes in the national and regional economies in which we will participate, including, but not limited to, changes in our performance, capital availability, and market demand.