Common use of Adverse Change, Approvals Clause in Contracts

Adverse Change, Approvals. (a) Since December 31, 2014, nothing shall have occurred, either individually or in the aggregate, which has had, or could reasonably be expected to have a Material Adverse Effect. (b) On or prior to the Effective Date, all necessary governmental (domestic and foreign) and material third-party approvals and/or consents in connection with the Transaction and the granting of Liens under the Credit Documents shall have been obtained and remain in effect, and all applicable waiting periods with respect thereto shall have expired without any action being taken by any competent authority which restrains, prevents or imposes materially adverse conditions upon the consummation of the Transaction. On the Effective Date, there shall not exist any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or notified prohibiting or imposing materially adverse conditions upon the Transaction.

Adverse Change, Approvals. (a) Since December 31, 20142010, nothing shall have occurredhas occurred that, either individually or in the aggregate, which has had, or could reasonably be expected to have have, a Material Adverse Effect. (b) On or prior to the Restatement Effective Date, all necessary material governmental (domestic (federal, state and local, including all PUC) and foreign) and material third-third party approvals and/or consents necessary in connection with the Transaction and the granting of Liens under the Credit Documents shall have been obtained and remain in effect, and all applicable waiting periods with respect thereto shall have expired without any materially adverse action being taken by any competent authority which restrains, prevents or imposes materially adverse conditions upon the consummation of the TransactionCredit Documents. On the Restatement Effective Date, there shall not exist any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or notified prohibiting or imposing materially adverse conditions upon the TransactionCredit Documents.