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.)

AutoNDA by SimpleDocs

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 2 contracts

Samples: Loan Agreement (Addvantage Technologies Group Inc), Loan Agreement (Addvantage Technologies Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!