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Class 9 - Work Assignment

Class 9 - Work Assignment - [United States[local economy...

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Class 9: Material Adverse Effect/Change Assignment 3.12 NO MATERIAL ADVERSE CHANGE Since the date of the Balance Sheet, there has not been any material adverse change in the business, results of operations, properties, [prospects], assets, or [financial] condition of Royal Palm, and no event has occurred or circumstance exists that [would] [may] [could] [reasonably be expected to] result in such a material adverse change, other than in each case any such change that results or arises [(a)] from changes [in the industry generally] [in the
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Unformatted text preview: [United States] [local] economy generally] [that do not disproportionately affect Royal Palm] (b)[out of the announcement of the transaction][, including those related to customer attrition or employee attrition] (c) [changes in local law enforcement practices or university alcohol policies] (d) [changes in law]. [[NYCORP:2572094v4:4434W:10/26/08--02:58 p]]...
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