Common use of Adverse Circumstances Clause in Contracts

Adverse Circumstances. To Borrower’s knowledge, neither the business nor any property or asset of any Borrower is presently affected by any fire, explosion, accident, strike, lockout, or other dispute, embargo, act of God, act of public enemy or terrorism, or similar event or circumstance, nor has any other event or circumstance relating to any Borrower's business, affairs, properties or assets occurred, any of which could have a material adverse effect on Borrower.

Appears in 8 contracts

Samples: Development Loan Agreement (Amrep Corp.), Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

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Adverse Circumstances. To Borrower’s knowledge, neither Neither the business nor any property or asset of any Borrower is presently affected by any fire, explosion, accident, strike, lockout, or other dispute, embargo, act of God, act of public enemy or terrorismenemy, or similar event or circumstance, circumstance nor has any other event or circumstance relating to any Borrower's business, affairs, properties its business or assets occurred, any of affairs occurred which could has had or may reasonably be expected to have a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 2 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Security Agreement (Peerless Manufacturing Co)

Adverse Circumstances. To Borrower’s knowledge, neither Neither the business nor any property or asset of any the Borrower is presently affected by any fire, explosion, accident, strike, lockout, or other dispute, embargo, act of God, act of public enemy or terrorism, or similar event or circumstance, nor has any other event or circumstance relating to any the Borrower's business, affairs, properties or assets occurred, any of which could have a material adverse effect on Borrower.Material Adverse Effect. 3.13

Appears in 1 contract

Samples: Loan Agreement (Addvantage Technologies Group Inc)

Adverse Circumstances. To Borrower’s knowledge, neither Neither the business nor any property or asset of any the Borrower is presently affected by any fire, explosion, accident, strike, lockout, or other dispute, embargo, act of God, act of public enemy or terrorism, or similar event or circumstance, nor has any other event or circumstance relating to any the Borrower's business, affairs, properties or assets occurred, any of which could have a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Addvantage Technologies Group Inc)

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Adverse Circumstances. To Borrower’s knowledge, neither Neither the business nor any property or asset of any Borrower is presently affected by any fire, explosion, accident, strike, lockout, or other dispute, embargo, act of God, act of public enemy or terrorismenemy, or similar event or circumstance, circumstance nor has any other event or circumstance relating to any Borrower's business, its business or affairs, properties or assets occurred, any of which could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Loan Agreement

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