Common use of Adverse Change Clause in Contracts

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligations.

Appears in 11 contracts

Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Pec Solutions Inc)

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Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the that Borrower to pay or perform any of the Obligations.

Appears in 10 contracts

Samples: Financing and Security Agreement (Rand Worldwide Inc), Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Tvi Corp)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower Borrowers to pay or perform any of the Obligations.

Appears in 5 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

Adverse Change. No adverse change shall have occurred in the financial condition (financial or otherwise), operations or business of the Borrower that Borrowers which would, in the good faith judgment of the Lender, materially impair the ability of the Borrower Borrowers to pay or perform any of the Obligations.

Appears in 3 contracts

Samples: Financing Agreement (Manugistics Group Inc), Financing Agreement (Manugistics Group Inc), Financing and Security Agreement (Clean Towel Service Inc)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligationsresult in a Material Adverse Effect.

Appears in 2 contracts

Samples: Financing and Security Agreement (Spacehab Inc \Wa\), Financing and Security Agreement (Spacehab Inc \Wa\)

Adverse Change. No material adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the LenderAdministrative Agent, materially impair the ability of the that Borrower to pay or perform any of the Obligations.

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the LenderAgent, materially impair the ability of the Borrower to pay or perform any of the Obligations.

Appears in 2 contracts

Samples: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the LenderAgent, materially impair the ability of the that Borrower to pay or perform any of the Obligations.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing and Security Agreement (Gp Strategies Corp)

Adverse Change. No material adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the that Borrower to pay or perform any of the ObligationsObligations since July 31, 2006.

Appears in 1 contract

Samples: Financing and Security Agreement (Argan Inc)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the either Borrower that would, in the good faith judgment of the LenderAdministrative Agent, materially impair the ability of the that Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing Agreement (Mid Atlantic Realty Trust)

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Adverse Change. No adverse change shall have occurred in the financial condition (financial or otherwise), operations or business of the Borrower that which would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing and Security Agreement (Cta Incorporated)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that which would, in the good faith judgment of the Lender, materially impair the ability of the a Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing and Security Agreement (Flanders Corp)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligations.. 5.2.6

Appears in 1 contract

Samples: Financing and Security Agreement (Halifax Corp)

Adverse Change. No adverse change shall have occurred in the financial condition (financial or otherwise), operations or business of the any Borrower that which would, in the good faith judgment of the Lender, materially impair the ability of the Borrower Borrowers to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing and Security Agreement (Dispatch Management Services Corp)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the that Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing Agreement (Trex Co Inc)

Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the any Borrower that which would, in the good faith judgment of the Lender, materially impair the ability of the any Borrower to pay or perform any of the Obligations.

Appears in 1 contract

Samples: Financing and Security Agreement (Kimberton Enterprises Inc)

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