Adverse Change in Financial Condition. Any event having a material adverse effect on the business, operations, assets, properties or condition of the Company and its Subsidiaries taken as a whole shall have occurred and be continuing or a material adverse effect on the validity or enforceability of this or any of the other Loan Documents or the rights or remedies of the Holders hereunder or thereunder.
Appears in 15 contracts
Samples: Convertible Subordinated Promissory Note (Critical Path Inc), Convertible Subordinated Promissory Note (Critical Path Inc), Convertible Subordinated Promissory Note (Critical Path Inc)
